McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce the closing of the previously announced private placement offering (the “Offering”) of 14,500,000 flow-through common shares (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) priced at US$1.04 (Cdn$1.325) per flow-through common share for total gross proceeds of US$15,080,000 (Cdn$19,212,500). The sole bookrunner for the Offering was Cantor Fitzgerald Canada Corporation and PearTree Canada structured the flow-through donation placement.