Afgan-Kobeh Property Acquired By McEwen Mining

TORONTO - McEwen Mining Inc. has acquired the Afgan-Kobeh property in Nevada. Afgan-Kobeh is an attractive acquisition for McEwen Mining because it hosts a near surface, oxide gold resource in close proximity to our Gold Bar Complex, which is expected to begin development in 2017. The objective is to develop the property into a satellite resource that can contribute to the production from Gold Bar. The property has immediate exploration potential with several historical higher-grade drill intersections open laterally and at depth. McEwen Mining plans to conduct a drill program beginning in May 2016 with the objective to increase the known mineralization.

The Afgan-Kobeh property is located towards the southeast limit of the Battle Mountain-Eureka-Cortez mineral trend in Eureka County, Nevada. The Afgan deposit is approximately 3 miles to the southeast of the main ore bodies comprising the Gold Bar Complex. Afgan is similar to other sedimentary-rock hosted gold deposits in Nevada in that disseminated and oxidized gold mineralization occurs in the Webb Formation and Devils Gate Limestone lithologies.