X0303 4 2011-06-10 0 0000066649 MINES MANAGEMENT INC MGN 0001215814 DOBBS GLENN P.O. BOX 1921 SPOKANE WA 99201 1 0 0 0 President and CEO Common Stock 2011-06-10 4 M 0 20000 1.29 A 1650583 D Common Stock 2011-06-10 4 F 0 12647 2.04 D 1637936 D Employee Stock Options (Right to Buy) 1.29 2011-06-10 4 M 0 20000 0 D 2006-06-13 2011-06-12 Common Stock 20000 0 D Includes 241,500 shares of common stock owned by InterGold Fund Limited, which shares may be deemed to be beneficially owned by the reporting person. Received 7,353 shares of common stock on net exercise of option to purchase 20,000 shares of common stock. The reporting person delivered 12,647 shares of common stock underlying the option in payment of the exercise price, using the closing stock price on June 9, 2011 of $2.04. Excludes stock options to purchase 340,000 shares of common stock with expiration dates that differ from the option exercised on 06/10/11. /s/ James H. Moore for Glenn M. Dobbs Pursuant to Power of Attorney 2011-06-14