Resource/Reserve Increases At San Jose Mine

TORONTO, ON - McEwen Mining Inc. reported an updated resource and reserve estimate for the San JosÄ mine (49%). Measured and Indicated silver and gold resources up 47% and 56% respectively, to 68.6 million ounces silver and 1.04 million ounces gold (100% basis). Measured and Indicated resource grades remain consistent with 2010 at 457 gpt silver (475 gpt silver-2010) and 6.95 gpt gold (6.80 gpt gold-2010).

Proven and Probable silver and gold reserves up 5% and 15% respectively, to 22.3 million ounces silver and 0.344 million ounces gold (100% basis).