CLINE MINING ISSUES ADDITIONAL BONDS UNDER ITS FINANCIAL RESTRUCTURING Toronto, Ontario, Canada - January 15, 2013. Cline Mining Corporation ("Cline" or the "Company") (TSX:CMK) announced today that, in accordance with the terms of the Company's financial restructuring announced on December 27, 2012, Marret Asset Management Inc., on behalf of certain bondholders of Cline, has purchased US$7,000,000 of additional bonds which have the same terms as the Company's other outstanding bonds (as amended by the restructuring). The Company has used US$2,500,000 of the proceeds from the additional bonds to satisfy the bond interest in respect of which the Company was in default, as announced on December 18, 2012. An additional US$2,500,000 in bonds has been issued to certain bondholders as a forbearance and restructuring fee and an additional US$3,500,000 in bonds has been issued to certain bondholders as a rights offering backstop fee. For the other principal terms of the restructuring, reference should be made to the Company's press release dated December 27, 2012.

The Company expects to use the $4.15 million cash available after interest and fees for care and maintenance at its New Elk mine in Trinidad, Colorado.

About Cline

Cline has metallurgical coal property interests in British Columbia and in Colorado, U.S.A. with NI 43