News Release

SPOKANE, Wash -- July 22, 2003 -- Mines Management, Inc. (OTC Bulletin Board: MNMM) is pleased to announce appointment of Mr. Glenn M. Dobbs to the company’s board of directors. Mr. Dobbs was appointed President and C.E.O. of the company earlier in the year and heads the effort to advance the company following acquisition of the Montanore silver project in western Montana.

Mr. Dobbs replaces Mr. Jack Gustavel who recently resigned from the board to pursue other interests. “Mines Management, its board and shareholders are very appreciative of the years of contribution Mr. Gustavel has made to the company, and wish him success with his other endeavors,” stated Dobbs.

Mines Management, Inc. acquired the Montanore silver-copper project late last year when its previous operator elected to withdraw from the project. Accordingly, Mines Management assumed 100% ownership of the project and has taken possession of all intellectual property and the drillcore associated with the project.

Acquisition of the Montanore, containing a resource of more than 260 million ounces of silver and 2 billion pounds of copper, ranks Mines Management in the top tier of silver companies in the world on the basis of resources. Over 20 years, more than $100 million has been expended on the project including drilling, engineering, feasibility studies, an approved Environmental Impact Statement (EIS), and construction of a 14,000 foot adit.

The company is in the process of developing a revised mining plan toward initiating the repermitting process and plans to advance the project toward development in anticipation of higher silver prices. The company’s director of mining, Mr. Bob Russell, leads development of the mining plan and has stated, “A number of revisions have been identified that we believe can improve both the economics and environmental acceptability of the project.” Mr. Russell’s previous tenures included general manager of Freeport Indonesia’s Grasberg Project, one of the largest mines in the world.

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 website for the Securities and Exchange Commission at www.sec.gov or on the company's website at www.minesmanagement.com.

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



Mines Management Appoints New Board Member Tuesday, July 22, 2003
Press Release
SPOKANE, Wash -- July 22, 2003 -- Mines Management, Inc. (OTC Bulletin Board: MNMM) is pleased to announce appointment of Mr. Glenn M. Dobbs to the company’s board of directors. Mr. Dobbs was appointed President and C.E.O. of the company earlier in the year and heads the effort to advance the company following acquisition of the Montanore silver project in western Montana. Mr. Dobbs replaces Mr. Jack Gustavel who recently resigned from the board to pursue other interests. “Mines Management, its board and shareholders are very appreciative of the years of contribution Mr. Gustavel has made to the company, and wish him success with his other endeavors,” stated Dobbs. Mines Management, Inc. acquired the Montanore silver-copper project late last year when its previous operator elected to withdraw from the project. Accordingly, Mines Management assumed 100% ownership of the project and has taken possession of all intellectual property and the drillcore associated with the project. Acquisition of the Montanore, containing a resource of more than 260 million ounces of silver and 2 billion pounds of copper, ranks Mines Management in the top tier of silver companies in the world on the basis of resources. Over 20 years, more than $100 million has been expended on the project including drilling, engineering, feasibility studies, an approved Environmental Impact Statement (EIS), and construction of a 14,000 foot adit. The company is in the process of developing a revised mining plan toward initiating the repermitting process and plans to advance the project toward development in anticipation of higher silver prices. The company’s director of mining, Mr. Bob Russell, leads development of the mining plan and has stated, “A number of revisions have been identified that we believe can improve both the economics and environmental acceptability of the project.” Mr. Russell’s previous tenures included general manager of Freeport Indonesia’s Grasberg Project, one of the largest mines in the world. 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 website for the Securities and Exchange Commission at www.sec.gov or on the company's website at www.minesmanagement.com. 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.