Profile

Mines Management, Inc., founded in 1947, is a US-based mineral exploration and development company engaged in the acquisition, exploration, and development of silver-dominant mineral projects.

The Company's current focus is advancement and development of the Montanore Silver-Copper Deposit, one of the largest silver-copper deposits in the world.

The deposit is located in northwestern Montana, about forty miles north of the famed Silver Valley of Idaho, within one of the world's most prolific silver districts. Mines Management acquired the Montanore deposit in 2002 when its partner and operator, Noranda Minerals of Canada, withdrew due to low metals prices at the time.

A recent independent technical report confirmed the existence of a large silver-copper deposit containing approximately 116 million tons of material grading approximately 2.0 ounces of silver and 0.74% (15 pounds) of copper per ton. The deposit remains open for expansion in several directions.

Currently the project is undergoing advanced stage engineering and project permitting. The project is currently designed to produce approximately 8 million ounces of silver and 60 million pounds of copper per year at its base case operating capacity.

If in production today at its base case, the Montanore would rank in the top ten silver mines in the world, according to The Silver Institute's 2005 World Silver Survey.

With a world class project and highly experienced management team in operations and finance, the company considers the Montanore as an excellent foundation from which to build a new mid-tier mining company.