News Release

Spokane, Washington - Mines Management, Inc. (AMEX: MGN, TSX: MGT) (the Company) is pleased to announce that its wholly owned subsidiary, Montanore Minerals Corporation (MMC), has received notification from the State of Montana Department of Environmental Quality (DEQ) that it has confirmed Hard Rock Operating Permit 150 for the Montanore Project as an active permit. This permit was originally approved and issued in, and remained in force since, 1993.

Consistent with that determination, the DEQ has requested, and the Company has agreed, to withdraw its application for a new operating permit and to propose amendments to reflect the current status of the project.

Glenn M. Dobbs, the Company’s President and CEO, commented, “We are gratified with the state’s confirmation of the permit, as it accurately reflects our long held belief that Montanore is an existing project, not an application for a new project. It is an important clarification."

Concurrently with DEQ review, the U.S. Forest Service will continue its full review of the preliminary draft Environmental Impact Statement submitted by the Company in November 2007. The state agency will continue to work together with the U.S. Forest Service on development of the amended draft Environmental Impact Statement as part of the ongoing state and federal permitting processes.

Mines Management, Inc., is a U.S. based mineral exploration company focused on the Montanore Silver-Copper Project located in northwestern Montana. The Montanore Project is currently undergoing an advanced stage exploration and evaluation program and permitting process.

FORWARD LOOKING STATEMENTS

Some information contained in or incorporated by reference into this report may contain forward looking statements. These statements include comments regarding the process and timing of environmental assessment and permitting activities. The use of any of the words “development”, “anticipate”, “continues”, “estimate”, “expect”, “may”, “project”, “should”, “believe”, and similar expressions are intended to identify uncertainties. The Company believes the expectations reflected in those forward looking statements are reasonable. However, the Company cannot assure that the expectations will prove to be correct. Actual results could differ materially from those anticipated in these forward looking statements as a result of the factors set forth below and other factors set forth and incorporated by reference into this report: Worldwide economic and political events affecting the supply of and demand for silver and copper; volatility in the market price for silver and copper; uncertainties associated with developing new mines; technical, permitting, mining and processing problems; the availability, terms, conditions and timing of required governmental permits and approvals, and potential opposition to the majority of permits; uncertainty regarding future changes in applicable law or implementation of existing law and the factors discussed under “Risk Factors” in our Form 10-K, as amended, for the period ending December 31, 2006. statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially, including comments regarding the use of proceeds from the offering. Actual results may differ materially from those presented. Factors that could cause results to differ materially include fluctuations in silver and copper prices. Mines Management, Inc. assumes no obligation to update this information. There can be no assurance that future developments affecting Mines Management, Inc. will be those anticipated by management. Please refer to the discussion of risk factors in the Company's Form 10-K for the year ended December 31, 2006, as amended.

Contact:

     Douglas Dobbs
     Director, Corporate Development & Investor Relations

     Mines Management, Inc.
     Douglas Dobbs, 509/838-6050
     fax: 509/838-0486
     email: info@minesmanagement.com
     website: www.minesmanagement.com



State of Montana Confirms Montanore Project's 1993 Operating Permit March 03, 2008
Press Release 08-02
Spokane, Washington - Mines Management, Inc. (AMEX: MGN, TSX: MGT) (the Company) is pleased to announce that its wholly owned subsidiary, Montanore Minerals Corporation (MMC), has received notification from the State of Montana Department of Environmental Quality (DEQ) that it has confirmed Hard Rock Operating Permit 150 for the Montanore Project as an active permit. This permit was originally approved and issued in, and remained in force since, 1993. Consistent with that determination, the DEQ has requested, and the Company has agreed, to withdraw its application for a new operating permit and to propose amendments to reflect the current status of the project. Glenn M. Dobbs, the Company’s President and CEO, commented, “We are gratified with the state’s confirmation of the permit, as it accurately reflects our long held belief that Montanore is an existing project, not an application for a new project. It is an important clarification." Concurrently with DEQ review, the U.S. Forest Service will continue its full review of the preliminary draft Environmental Impact Statement submitted by the Company in November 2007. The state agency will continue to work together with the U.S. Forest Service on development of the amended draft Environmental Impact Statement as part of the ongoing state and federal permitting processes. Mines Management, Inc., is a U.S. based mineral exploration company focused on the Montanore Silver-Copper Project located in northwestern Montana. The Montanore Project is currently undergoing an advanced stage exploration and evaluation program and permitting process. FORWARD LOOKING STATEMENTS Some information contained in or incorporated by reference into this report may contain forward looking statements. These statements include comments regarding the process and timing of environmental assessment and permitting activities. The use of any of the words “development”, “anticipate”, “continues”, “estimate”, “expect”, “may”, “project”, “should”, “believe”, and similar expressions are intended to identify uncertainties. The Company believes the expectations reflected in those forward looking statements are reasonable. However, the Company cannot assure that the expectations will prove to be correct. Actual results could differ materially from those anticipated in these forward looking statements as a result of the factors set forth below and other factors set forth and incorporated by reference into this report: Worldwide economic and political events affecting the supply of and demand for silver and copper; volatility in the market price for silver and copper; uncertainties associated with developing new mines; technical, permitting, mining and processing problems; the availability, terms, conditions and timing of required governmental permits and approvals, and potential opposition to the majority of permits; uncertainty regarding future changes in applicable law or implementation of existing law and the factors discussed under “Risk Factors” in our Form 10-K, as amended, for the period ending December 31, 2006. statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable securities laws. Investors are cautioned that forward-looking statements are inherently uncertain and involve risks and uncertainties that could cause actual results to differ materially, including comments regarding the use of proceeds from the offering. Actual results may differ materially from those presented. Factors that could cause results to differ materially include fluctuations in silver and copper prices. Mines Management, Inc. assumes no obligation to update this information. There can be no assurance that future developments affecting Mines Management, Inc. will be those anticipated by management. Please refer to the discussion of risk factors in the Company's Form 10-K for the year ended December 31, 2006, as amended. Contact: Douglas Dobbs Director, Corporate Development & Investor Relations Mines Management, Inc. Douglas Dobbs, 509/838-6050 fax: 509/838-0486 email: info@minesmanagement.com website: www.minesmanagement.com Source: Mines Management, Inc.