McEwen Inc. — Director's Dealing 2017

May 30, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: McEwen Mining Inc. (MUX)
CIK: 0000314203
Period of Report: 2017-05-25

Reporting Person: McEwen Robert Ross (Director, Chairman and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-25	Common Stock	M	405740	—	Acquired	2947371	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-25	Subscription receipts	$	M	405740	Disposed		Common Stock (405740)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	101266	Direct
Common Stock	352800	Indirect
Common Stock	75791658	Indirect

Footnotes

F1: Pursuant to that certain Arrangement Agreement dated February 13, 2017 between McEwen Mining Inc. and Lexam VG Gold Inc. ("Arrangement Agreement") and the Plan of Arrangement approved by the Lexam shareholders and contemplated by the Arrangement Agreement ("Plan of Arrangement"), each subscription receipt automatically converted into one (1) share of McEwen Mining common stock following approval by the McEwen Mining shareholders of the issuance of the Shares at the annual meeting of shareholders on May 25, 2017.

F2: Pursuant to the terms of the Arrangement Agreement and the Plan of Arrangement, one subscription receipt was issued to the reporting person for each McEwen Mining share in excess of one percent of the number of McEwen Mining shares outstanding immediately prior to the effective time of the Arrangement that the reporting person was entitled to receive under the Plan of Arrangement.