News Release

SPOKANE, Wash -- February 13, 2004 -- Mines Management, Inc. (OTC Bulletin Board: MNMM), announced today the appointment of Mr. Russell C. Babcock to its board of directors. Mr. Babcock's successful career with Kennecott Minerals Company of Salt Lake City spanned more than 40 years, having been employed by the company and its subsidiaries since 1956. During this time he managed projects throughout North America, and established exploration projects for the company in New Zealand and Eastern Australia. He was appointed Director of Exploration in 1986 and became Chief Geologist for Kennecott in November 1990. Mr. Babcock has also worked extensively in the public sector with state and federal agencies on issues governing mining, land use, taxation and permitting. He is past President of the Northwest Mining Association and holds membership in a number of professional societies including the Society of Economic Geologists. In 2003 he was the recipient of the Society for Mining, Metallurgy and Exploration Ben Dickerson Award. He resides with his wife in Salt Lake City, Utah.

Commenting on Mr. Babcock's appointment, Chairman and CEO Glenn Dobbs said, "We are very pleased Russ has agreed to join Mines Management's board of directors. As a career economic geologist, he brings to the company a substantial breadth and depth of technical experience within the industry as well as a strong background in working with public agencies. Russ's association with the company will be invaluable as we work through the re-permitting process at the Montanore Project and toward advanced development of the project."

Mines Management, Inc., founded in 1947, is a U.S. based public mineral development company focused on the exploration and development of silver dominant deposits. The 2002 acquisition of the Montanore silver-copper project, containing 260 million ounces of silver and 2 billion pounds of copper, places the Company in the top tier of silver companies in the world.

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 Thursday, February 13, 2004
Press Release
SPOKANE, Wash -- February 13, 2004 -- Mines Management, Inc. (OTC Bulletin Board: MNMM), announced today the appointment of Mr. Russell C. Babcock to its board of directors. Mr. Babcock's successful career with Kennecott Minerals Company of Salt Lake City spanned more than 40 years, having been employed by the company and its subsidiaries since 1956. During this time he managed projects throughout North America, and established exploration projects for the company in New Zealand and Eastern Australia. He was appointed Director of Exploration in 1986 and became Chief Geologist for Kennecott in November 1990. Mr. Babcock has also worked extensively in the public sector with state and federal agencies on issues governing mining, land use, taxation and permitting. He is past President of the Northwest Mining Association and holds membership in a number of professional societies including the Society of Economic Geologists. In 2003 he was the recipient of the Society for Mining, Metallurgy and Exploration Ben Dickerson Award. He resides with his wife in Salt Lake City, Utah. Commenting on Mr. Babcock's appointment, Chairman and CEO Glenn Dobbs said, "We are very pleased Russ has agreed to join Mines Management's board of directors. As a career economic geologist, he brings to the company a substantial breadth and depth of technical experience within the industry as well as a strong background in working with public agencies. Russ's association with the company will be invaluable as we work through the re-permitting process at the Montanore Project and toward advanced development of the project." Mines Management, Inc., founded in 1947, is a U.S. based public mineral development company focused on the exploration and development of silver dominant deposits. The 2002 acquisition of the Montanore silver-copper project, containing 260 million ounces of silver and 2 billion pounds of copper, places the Company in the top tier of silver companies in the world. 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.