X0306 4 2013-07-19 0 0000066649 MINES MANAGEMENT INC MGN 0001215814 DOBBS GLENN 905 W. RIVERSIDE AVENUE, SUITE 311 SPOKANE WA 99201 1 1 0 0 Chairman and CEO Employee Stock Options (Right to Buy) 0.57 2013-07-19 4 A 0 100000 0 A 2018-07-19 Common Stock 100000 100000 D Vesting of the employee stock options is as follows: 40% upon the earlier of an opinion by the U.S. Fish and Wildlife Service in connection with the issuer's Montanore Project or December 31, 2013 and 60% upon the earlier of a final Record of Decision by the U.S. Forest Service and the Montana Department of Environmental Quality in connection with the issuer's Montanore Project or June 1, 2014. Excludes employee stock options to purchase 670,000 shares of common stock with expiration dates that differ from the options granted on July 19, 2013. Glenn M. Dobbs 2013-07-22