Mines Management, Inc. announced that it intends to offer 6,000,000 shares of its common stock pursuant to the Company's shelf registration statement declared effective by the U.S. Securities and Exchange Commission. The Company intends to grant the underwriter a 30-day option to purchase up to 900,000 additional shares of common stock to cover over-allotments, if any. Mines Management intends to use the net proceeds from this offering for the advanced exploration and delineation drilling program for its Montanore Project, which will include the funding of the Company's drilling program and the preparation of a feasibility study; the possible acquisition and exploration of new precious metals projects, properties or companies; and general corporate purposes.

Mines Management Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported loss from operations of $1,806,769 and net loss of $2,294,667 or $0.10 loss per basic and diluted share on revenue of $4,973 against loss from operations of $3,274,970 and net loss of $3,085,634 or $0.14 loss per basic and diluted share on revenue of $3,429, reported a year ago. For the nine months, the company reported loss from operations of $6,988,446 and net loss of $7,229,048 or $0.32 loss per basic and diluted share on revenue of $8,534 against loss from operations of $8,147,315 and net loss of $7,476,247 or $0.33 loss per basic and diluted share on revenue of $11,756, reported a year ago. Net cash used in operating activities were $5,735,779 and purchase of property and equipment of $3,740 against net cash used in operating activities of $6,184,258 and purchase of property and equipment of $890,212, reported a year ago.

Mines Management Inc. announced that Michael G. Rasmussen, Ph.D., CPG, has been appointed Vice President of Exploration. Dr. Rasmussen brings to Mines Management over 25 years of experience in mining and exploration in the United States, Canada and Mexico. Mr. Rasmussen held senior roles at Echo Bay Mines and Kinross Gold and Endeavour Silver. He was a consulting geologist with Mines Management within the past year during which he assisted with geologic evaluations.