SPOKANE, Wash.--(BUSINESS WIRE)--MNMM--
Mines Management, Inc. (OTCBB:MNMM), owner of the
Montanore Silver-Copper Project in Sanders County, Montana, announced
today the filing of its application to list the company's common
shares on the American Stock Exchange (Amex). Currently, the company's
shares are quoted on the Over-the-Counter Bulletin Board under the
symbol "MNMM."
The Amex listing, if approved, will provide enhanced investment
opportunities for investors, investment professionals and
institutions, and is part of the company's effort to improve liquidity
in the stock for its shareholders.
Mines Management, Inc. is a mineral development company. The 2002
acquisition of the Montanore Project, containing 260 million ounces of
silver and 2 billion pounds of copper, placed Mines Management in the
top tier of silver companies in the world. Over a period of 20 years,
more than $100 million has been spent on the project by previous
operators on drilling, engineering & feasibility studies,
environmental assessment, an approved Environmental Impact Statement
(EIS), and construction of a 14,000 foot evaluation adit.
With recent dollar weakness and the prospects for continued growth
in the prices of silver and copper, the company plans to advance the
Montanore Project toward development. Completion of a revised mine
plan, with improved economics, is planned for the first quarter of
this year and will be used as the foundation for initiation of the
re-permitting process.

This release contains certain forward-looking statements within
the meaning of the Federal Securities Laws. Such statements are based
on assumptions that the Company believes are reasonable but which are
subject to a wide range of uncertainties and business risks. Factors
that could cause actual results to differ from those anticipated are
discussed in the Company's periodic filings with the Securities and
Exchange Commission (at www.sec.gov), including its annual report on
Form 10-KSB for the year ended December 31, 2002.

Further information about Mines Management, Inc. can be reviewed
on the company's website at www.minesmanagement.com, or by contacting
the company directly.

KEYWORD: WASHINGTON MONTANA
INDUSTRY KEYWORD: MINING/METALS
SOURCE: Mines Management, Inc.

CONTACT INFORMATION:
Mines Management, Inc.
Douglas Dobbs, 509/838-6050
Fax: 509/838-0486
Email: info@minesmanagement.com
Website: www.minesmanagement.com