GlobeNewswire Inc | Jan 6, 2022 04:32PM EST

January 06, 2022

TORONTO, Jan. 06, 2022 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)reports that it has fallen below theNew York Stock Exchange("NYSE") continued listing requirement related to the price of its common stock. TheNYSErequires that the average closing price of a listed company's common stock be aboveUS$1.00per share, calculated over a period of 30 consecutive trading days. The Company was notified by theNYSEonJanuary 5th, 2022that the average price of its common stock for the previous 30 trading days was below$1.00per share.

McEwen Mining intends to take steps to regain compliance with the NYSE continued listing requirements. UnderNYSErules,the Companyhas a period of six months to bring its share price and 30-day average closing share price back above$1.00. During this period,the Companyscommon stock will continue to trade on theNYSE, subject to all other continued listing requirements. At the end of the six-month remedy period, if the share price has not recovered, the Company's stock will be subject toNYSEsuspension and delisting procedures. The Company's listing on theToronto Stock Exchange("TSX") is unaffected by any actions of theNYSE.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements and information, including "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.See McEwen Mining's Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and other filings with the Securities and Exchange Commission, under the caption "Risk Factors", for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding the Company. All forward-looking statements and information made in this news release are qualified by this cautionary statement.

The NYSE and TSX have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by the management of McEwen Mining Inc.

ABOUT MCEWEN MININGMcEwen Mining is a diversified gold and silver producer and explorer focused in the Americas with operating mines in Nevada, Canada, Mexico and Argentina. It also has a large exposure to copper through its subsidiary McEwen Copper, owner of the giant Los Azules copper deposit in Argentina.

CONTACT INFORMATION:

Website: www.mcewenmining.com

Investor Relations: Facebook:facebook.com/(866)-441-0690 mcewenmining 150 King Street WestToll-Free Facebook:facebook.com/ Suite 2800, P.O. Box(647)-258-0395 mcewenrob 24 Toronto, ON, CanadaMihaela Iancu ext. 320 Twitter: twitter.com/mcewenmining M5H 1J9 Twitter:twitter.com/robmcewenmuxinfo@mcewenmining.com Instagram: instagram.com/ mcewenmining