Mr. Rob McEwen reports

MCEWEN MINING EL GALLO 1 MINE EXPANSION NEARS COMPLETION

McEwen Mining Inc.'s expansion of the El Gallo 1 mine in Sinaloa state, Mexico, is scheduled to be completed by early April. The expansion is approximately three months ahead of schedule, and capital costs are expected to total $3-million (U.S.) against the $5-million (U.S.) originally budgeted. Production is anticipated to grow from 37,500 ounces of gold this year to 75,000 ounces of gold in 2015. Cash costs are also expected to decrease from $750 (U.S.) per ounce to $575 (U.S.) per ounce starting next year.

Commissioning is expected to commence during the second quarter, with the expansion fully operational during the second half of the year. El Gallo 1 is being expanded from 3,000 tonnes per day to 4,500 tonnes per day. In addition to the expansion, gold grades are expected to increase starting in 2015 from approximately 1.1 gram per tonne to 2.0 grams per tonne.

"Our team in Mexico, along with the company's main contractor, SAR Servicios Tecnicos, has done a good job expanding the El Gallo 1 mine. Our skill set within Mexico continues to grow, and this is an important learning experience should the company proceed with the construction of El Gallo 2. With the expansion and higher gold grades, we expect the mine to generate $30-million (U.S.) in annual free cash flow before taxes starting next year (at a $1,300 gold price)," stated Rob McEwen, chairman and chief owner.

This news release has been reviewed and approved by William Faust, PE, McEwen Mining's chief operating officer, who is a qualified person as defined by National Instrument 43-101. For additional information about the El Gallo complex, see the technical report titled "Resource Estimate for the El Gallo Complex, Sinaloa State, Mexico," dated Aug. 30, 2013, with an effective date of June 30, 2013, prepared by John Read, CPG, and Luke Willis, PGeo. Mr. Read and Mr. Willis are not considered independent of the company as defined by National Instrument 43-101.

We seek Safe Harbor.