Silver Wheaton Corp. ("Silver Wheaton") (TSX: SLW) (NYSE: SLW) is pleased to announce that it has acquired 2,500,000 common shares of Mines Management, Inc. ("Mines Management") (TSX: MGT) (AMEX: MGN) at a price of US$4.00 per share for a total purchase price of US$10,000,000.

Libby Creek Ventures (LCV), based in Spirit Lake,

Mines Management, Inc. (AMEX:MGN) is pleased to announce the completion of a $6.1 million private placement made to certain institutional investors for 1,016,667 units.