Mr. Rob McEwen reports

MCEWEN MINING Q3 2014 OPERATING & FINANCIAL RESULTS

McEwen Mining Inc. has released its operating and financial results for third quarter 2014, as well as guidance for fourth quarter 2014 and preliminary guidance for full year 2015. Amid the tough gold market and the poor performance of El Gallo 1 in Q3, the company had several bright spots. The good news is the company has reached the high-grade zone at El Gallo and expects to be delivering significantly better results in Q4 and continuing through 2015 and 2016. Cash and liquid assets are $19-million at Sept. 30, 2014, and the company has received a value-added tax (VAT) refund from the Mexican government for $5-million, with $11-million still owing. In addition, Los Azules is freed of the back-in right, thus making this large copper asset more attractive and marketable to potential joint venture partners and investors.

Rob McEwen, chief owner, commented on the gold market: "Ouch, this really hurts! What an incredibly ugly market and share price. Thankfully it feels like we are close to the bottom with lots of upside ahead. During my career, I have experienced four vicious price corrections in the precious metal markets, and every one has been followed by an explosive upward surge in the share prices of precious metal companies. I believe the current market represents an outstanding time to buy our shares and those of other gold producers and explorers."

The table provides Q3 2014 production and cost-per-ounce results along with projections of such for 2014 and 2015.

                    Q3 2014 RESULTS AND FUTURE GUIDANCE

                                      2015       2014     Q4 2014    Q3 2014
                                  guidance   guidance    guidance    results
Gold-equivalent produced
(oz)                               145,000    135,000      41,200     30,642
Gold-equivalent total cash cost
(US$/oz)                        $      750 $      900 $       940 $    1,009
Gold-equivalent co-product all-
in sustaining cash cost
(US$/oz)                        $    1,050 $    1,275 $     1,200 $    1,448
San Jose mine -- 49%
Gold-equivalent produced
(oz)                                97,500     97,500      28,000     23,811
Gold-equivalent total cash cost
(US$/oz)                        $      750 $      825 $       800 $      873
Gold-equivalent co-product all-
in sustaining cash
cost (US$/oz)                   $    1,100 $    1,125 $     1,125 $    1,217
El Gallo 1 mine
El Gallo 1 mine average grade
gold (g/t)                             2.6        1.3         1.8        1.1
Gold-equivalent produced
(oz)                                50,000     37,500      13,200      6,831
Gold-equivalent total cash cost
(US$/oz)                        $      550 $    1,000 $     1,050 $    1,367
Gold-equivalent co-product all-
in sustaining cash
cost (US$/oz)                   $      750 $    1,250 $     1,150 $    1,730

Financials

The company had a net loss of $13-million, or four cents per share, in Q3 2014. This is down from Q3 2013, when the company earned $3.3-million, or one cent per share.

We seek Safe Harbor.