1. 11
MUX
May 7, 2013

2. 22
It’s Money

3. 3
Gold
Reasons Unchanged
Now More Attractive!

4. 4
Overtaking GDP
Debt Service Threatening
1. Massive Debt Burden

5. 5
2. Unending QE
Worldwide
USA & Japan Alone
Adding $2 Trillion Next 12 Months

6. 6
3. Inflation - Everywhere
*As of May 7, 2013

7. 7
4. Theft – Gov’t Style
Low Interest Rates
Cyprus - Stealing from Depositors
ABN Amro – Default on Gold Delivery

8. 8
Ignore History at Your Risk
*As of May 7, 2013

9. 99

10. 10
Gold vs Shares
*As of May 7, 2013
Huge
Divergence

11. 11
White House Effect
-40%
0%
40%
80%
*As of May 7, 2013
84 88 92 96 00 04 08 12
Presidential Election Year
Post Election Year
Bre-X
/85 /89 /93 /97 /01 /13/09/05
7
8
8
8
Performance of XAU

12. 1212
MUX

13. 13
Cautionary Statement
This presentation contains certain forward-looking statements and information, including "forward- looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements and information expressed, as
at the date of this presentation, McEwen Mining Inc.'s (the "Company") estimates, forecasts, projections, expectations or beliefs
as to future events and results. Forward-looking statements and information are necessarily based upon a number of estimates
and assumptions that, while considered reasonable by management, are inherently subject to significant business, technical,
economic and competitive uncertainties, risks and contingencies, and there can be no assurance that such statements and
information will prove to be accurate. Therefore, actual results and future events could differ materially from those anticipated in
such statements and information. Risks and uncertainties that could cause results or future events to differ materially from
current expectations expressed or implied by the forward-looking statements and information include, but are not limited to, risks
related to the cost of transferring or otherwise allocating funds between operating jurisdictions, factors associated with
fluctuations in the market price of precious metals, mining industry risks, political, economic, social and security risks associated
with foreign operations, risks associated with mining operations, the construction of mining operations and commencement of
production and the projected costs thereof, risks related to litigation, property title, the state of the capital markets,
environmental risks and hazards, uncertainty as to calculation of mineral resources and reserves and other risks. Readers
should not place undue reliance on forward-looking statements or information included herein, which speak only as of the date
hereof. The Company undertakes no obligation to reissue or update forward-looking statements or information as a result of
new information or events after the date hereof except as may be required by law. See McEwen Mining's Annual Report on
Form 10-K for the fiscal year ended December 31, 2012 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 presentation
are qualified by this cautionary statement.

14. 14
Qualify For
S&P 500
Our Goal

15. 15
Key Assets
Gold Bar
Gold
Permitting
El Gallo 2
Silver
Permitting
Los Azules Copper
Copper
Exploration
San José Mine (49%)
Silver / Gold
Production
El Gallo 1 Mine
Gold
Production

16. 16
Resource Base
*See resource table, M&I= Measured & Indicated, B=Billions
M&I InferredM&I Inferred Indicated Inferred
106 M oz
125 M oz4.2 M oz
3.3 M oz
4.5 B lbs
Inferred
GOLD SILVER COPPER
15 B lbs

17. 17
Ownership
25%
$125 M Cost

18. 18
Finances
$50 M
No Debt
*As of April 29, 2013

19. 19
Revenue
2 Mines
San José El Gallo 1

20. 20*Gold Equivalent
Forecast Annual Production
Growth2015 Est. Cash Cost $750 / oz
2015 Est. Total Sustaining Cost $1,000 / oz
105,000 oz
290,000 oz
130,000 oz
180,000 oz
San José El Gallo 1 El Gallo 2 Gold Bar
2012A 2013E 2014E 2015E

21. 21
Contingency, $18.8
Owners Cost, $8.8
Final Engineering,
$8.5
Construction
Management, $12.0
Spares, $2.0
Construction
Labour, $22.0Plant Equipment,
$57.0
Cement/Steel,
$37.0
Construction
Equipment, $10.0
Other, $5.0
El Gallo 2 Capex Breakdown
$180 Million

22. 22
Development Economics
Silver
Price / oz
NPV 5%
(Millions)
Payback
After Tax IRR
$30.00 $212 2.0 39%
$27.50 $165 2.2 33%
$25.00 $118 2.6 26%
$22.50 $71 3.0 18%
$20.00 $23 4.1 10%
El Gallo 2

23. 23
MUX Cost of Capital

24. 24
Alternatives. Path.
-200
-150
-100
-50
0
50
100
WorkingCapital($Millions)
*Gold $1,350 Silver $23.00
Stop all work
El Gallo 2 on hold
Finish Mill
Engineering
Stop Gold Bar work
Projects
Maintaining Timeline
Q2-13 Q4-14Q2-14Q4-13
Cash Scenarios

25. 25
Sale / JV Los Azules
Lease / Debt / Equity
Possible Financing Sources

26. 26
Los Azules: Possible Source of Funding
Asset Sale or JV
For Sale

27. 27
Los Azules vs Lumina Copper
50% Resource
Growth Since PEA
Los Azules(1)
(McEwen)
Taca Taca(2)
(Lumina)
Production 375,000 535,000
Capex $2.8 Billion $3.0 Billion
Cash Cost
Net by-product
$0.96 $1.11
Copper Grade 0.50% 0.45%
Strip Ratio 1.3:1 1.6:1
Mine Life 26 Yrs 28 Yrs
1) June 2012. 2) April 2013
Argentina Copper Development Projects

28. 28
Los Azules - Copper
Copper
Cut-off
Tonnage (Mt) Copper
Grade
Contained
Copper (B lbs)
Indicated Resource
0.35% 310 0.65% 4.5
Inferred Resource
0.35% 1,302 0.49% 14.0
50% Resource Growth Since Pea
$25 Million Exploration
New PEA Q3

29. 29
Comparing Market Caps
McEwen Mining
Lumina Copper
*As of May 8, 2013
$640 Million
$325 Million

30. 30
San José Mine: Forecast 2013
*Silver : Gold ratio (52:1)
Gold & Silver Production, Gold Eq.
102,700 oz
Annual
12 Yr
Mine Life
$750 / oz
Cash Cost
$1,300 / oz
Total Cost
30
High-Grade
Gold + Silver
Argentina

31. 31
San José: High Grade
Comparison of High-Grade Deposits
0
4
8
12
16
20
0 2 4 6 8 10 12 14
HOC / McEwen
San José
Size (Million Au Eq. oz)
Grade(AugptEq.)
Rubicon
Phoenix
Pretium
Valley of Kings
Goldcorp
Red Lake
Goldcorp
Elenore
Goldcorp
Cerro Negro
Yamana
El Penon
Mine
Development
Exploration

32. 32
El Gallo 1: Forecast 2013
Gold Production
30,000 oz Au
Annual
8 Yr
Mine Life
$750 / oz
Cash Cost 2013
$1,250 / oz
Total Cost
32
Open-Pit
Heap Leach
Mexico

33. 33
El Gallo 1: Central Zone - Growth

34. 34
El Gallo 1: Central Zone - Growth

35. 35
El Gallo 1 & 2
+ 500,000 acres
5 Km Apart
Mexico

36. 36
Plans for 2013
25% Production Growth
Start Construction El Gallo 2
Exploration
New Trend @ Los Azules
New Approach in Nevada
Expanding Resource in Mexico
Finance Completion El Gallo 2
(Equity, Debt, Asset Sale) $120 Million

37. 37
El Gallo Twin Domes - Growth

38. 38
El Gallo 2: Feasibility Study
*Silver : Gold ratio (52:1), **Silver price assumption $25.00
Construction Forecasted to Begin Q4 2013
105,000 oz Au
Annual
$620/oz
Cash Cost
$700/oz
Total Cost
Mid-2014
Production Starts
Capex
$180 Million
Payback**
After Tax 2.8 Yrs
38
Mexico
7 Yr
Mine Life

39. 39
Gold Bar – Cortez Trend, Nevada
Next to World’s Largest Gold Mine

40. 40
55,000 oz Au
Annual
$700/oz
Cash Cost
$850/oz Au Eq
Total Cost
2015
Production Starts
Gold Bar Production Forecast
*Gold $1,450
Construction Forecasted to Begin 2014
Capex
$55 Million
Payback Period*
After Tax 2.1 Yrs
40
Nevada
8 Yr
Mine Life

41. 41
Development Economics
Gold Price /
oz
NPV 5%
(Millions)
Payback
After Tax IRR
$1,750 $134 1.6 56%
$1,550 $100 1.9 45%
$1,350 $65 2.5 33%
$1,150 $30 3.8 19%
Gold Bar

42. 42*Gold Equivalent
Forecast Annual Production
Growth2015 Est. Cash Cost $750 / oz
2015 Est. Total Sustaining Cost $1,000 / oz
105,000 oz
290,000 oz
130,000 oz
180,000 oz
San José El Gallo 1 El Gallo 2 Gold Bar
2012A 2013E 2014E 2015E

43. 43
McEwen Mining Capital Structure
*As of May 8, 2013
Shares Issued & Outstanding
MUX (NYSE, TSX) 258.5 Million
MAQ (TSX) 38.5 Million
Fully Diluted 301.5 Million
Price
52 Week High – Low $4.94 – 1.67
Market Cap
Average Daily Vol (12 month)
297.0 Million
$2.15
$640 Million
3.0 Million

44. 44
McEwen Mining Management Team
ROBERT MCEWEN
Executive Chairman and CEO
30 years experience
Founder of Goldcorp
Honorary Doctor of Law
MBA
PERRY ING
Chief Financial Officer
15 years experience
Controller Goldcorp
Consultant Barrick
PwC
WILLIAM FAUST
Chief Operating Officer
34 years experience
COO Crystallex
VP Ops Nevada Pacific Gold
President Mexico Ops Pan American
Silver
IAN BALL
Senior Vice President
9 years experience
Discovered El Gallo Deposit
McEwen Capital
Goldcorp

45. 45
FERNANDO AGUILAR
Operations Manager, Mexico
20 years experience
Peñasquito Goldcorp
El Sauzal Goldcorp
Alamo Dorado Pan American Silver
McEwen Mining Management Team
CARLOS LIGGESMEYER
Country Manager, Argentina
15 years experience
Certified Public Accountant
MBA
ANDREW ELINESKY
Vice President – Argentina
Corporate Controller Minera Andes
EURIDICE GONZALEZ
Country Manager, Mexico
10 years experience
Completed land acquisition of
El Gallo Complex

46. 46
NILS F. ENGELSTAD
Vice President, Corporate Affairs
Hon BA (international relations)
Bachelor of Laws (LL.B)
Master of Laws (LL.M)
Member of Law Society of Upper
Canada
McEwen Mining Management Team
LUKE WILLIS
Director, Resource Modelling
13 years experience
Red Lake Goldcorp
Hemlo Mine Barrick
NIGEL FUNG
Director, Mine Planning
13 years experience
Consulting Mine Engineer Tetatech
Rosebel Gold Mine IAM Gold
SIMON QUICK
Vice President - Projects
Degree in Economics with
Distinction

47. 47
Contact Information
Jenya Meshcheryakova
Investor Relations
Tel: 1.866.441.0690 x.410
Email: info@mcewenmining.com
facebook.com/mcewenrob
twitter.com/mcewenmining
store.mcewenmining.com

48. 48
San José Mine
(49%) (1)
Tonnes (MM*)
(100%)
Ag Grade (g/t) Au Grade (g/t)
Ag (MMoz*)
(100%)
Au (MMoz*)
(100%)
Proven 0.7 511 7.26 10.6 0.14
Probable 0.75 394 5.45 8.6 0.12
Measured
(inclusive of P+P)
1 570 8.1 16.6 0.23
Indicated
(inclusive of P+P)
2 426 6.14 24.8 0.35
Inferred 2.9 373 5.96 31.5 0.5
El Gallo Complex
Silver (2)
Tonnes (MM*)
(100%)
Ag Grade (g/t)
Ag (MMoz*)
(100%)
Measured 21.4 71.1 48.8
Indicated 2.6 51.3 4.3
Inferred 27.4 35.1 31
Resource Table: Combined resources calculated using the following.

49. 49
El Gallo Complex
Gold(2)
Tonnes (MM*)
(100%)
Au Grade (g/t)
Au (MMoz*)
(100%)
Measured 28.3 0.46 0.41
Indicated 6.1 0.78 0.15
Inferred 27.6 0.31 0.27
Gold Bar(3)
Tonnes (MM*)
(100%)
Ag Grade (g/t) Au Grade (g/t)
Ag (MMoz*)
(100%)
Au (MMoz*)
(100%)
Measured 0.7 1.19 0.03
Indicated 18.8 0.94 0.57
Resource Table: Cont’d
Limo (5)
Tonnes (MM*)
(100%)
Ag Grade (g/t) Au Grade (g/t)
Ag (MMoz*)
(100%)
Au (MMoz*)
(100%)
Measured 5.9 0.89 0.17
Indicated 3.7 0.61 0.07
Inferred 2.2 0.7 0.05

50. 50
Los Azules(6) Tonnes (MM) Cu Grade (%) Au Grade (g/t) Ag Grade (g/t) Cu (B lbs)
Indicated 310 0.65 0.07 1.8 4.5
Inferred 1,302 0.49 0.06 2.0 14.0
Limo(5)
Tonnes (MM*)
(100%)
Ag Grade (g/t) Au Grade (g/t)
Ag (MMoz*)
(100%)
Au (MMoz*)
(100%)
Measured 5.9 0.89 0.17
Indicated 3.7 0.61 0.07
The cumulative resource and reserve figures set forth above is comprised of the following: (1) The resources and reserves
figures on this page were derived from McEwen Mining Inc.’s news release titled “McEwen Mining Announces Resource and
Reserve Increases at the San José Mine in Argentina” released on March 19, 2012 by McEwen Mining. (2) See the El Gallo
Report. (3) See the Gold Bar Report. (4) Tonkin resources information was derived from the report “Technical Report on the
Tonkin Project” with an effective date of May 16, 2008 prepared by Alan C. Noble, P.E., Ore Reserves Engineering, Richard
Gowans, Micon International and Steven Brown, US Gold Corporation. Mr. Noble and Mr. Gowans are independent of US Gold
Corporation and a Qualified Person as defined by NI 43-101. (5) Limo resources information was derived from the report “NI
43-101 Technical Report for the Limousine Butte Project, White Pine County, Nevada” with an effective date of July 1, 2009
prepared by John Welsh, P. Eng., Kim Drossulis, Senior Engineer, Jonathan Brown, M.B.A., C.P.G., Doug Willis, Geologist,
Christine Ballard, Project Geotechnical Engineer, Eric Haddox, P. Eng. (the “Limo Report”). Each of the Limo report authors is
independent of US Gold Corporation and a Qualified Person as defined by NI 43-101. (6) See the Los Azules Report.
Resource Table: Cont’d