Press Release

Stillwater Mining Company and United Steel Workers Union Reach Agreement on Restructuring Plan at East Boulder Mine

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Posted 28 November 2008 @ 02:49 pm ET

BILLINGS, MT -- (Marketwire) -- 11/28/08 -- Stillwater Mining Company (NYSE: SWC), UnitedSteel Workers (USW) and its Local 11-0001, East Boulder Unit announcedtoday that they have reached a agreement on changes to the currentCollective Bargaining Agreement that are impacted by the Company'srestructuring plan.

Eligible union members overwhelmingly voted in favor of the tentativeagreement on Wednesday, November 26, 2008. Approximately 204 hourlyemployees will be called back to work at the East Boulder Mine. In additionapproximately 45 miners will be offered employment at the Stillwater Mine.

The Company will commence recalling employees to work as early as Saturday,November 29, 2008. It is expected that the East Boulder mine will resumeproduction activities during the week of December 1, 2008.

Stillwater Mining Company is the only U.S. producer of palladium andplatinum and is the largest primary producer of platinum group metalsoutside of South Africa and the Russian Federation. The Company's sharesare traded on the New York Stock Exchange under the symbol SWC.Information on Stillwater Mining Company can be found at its Website:www.stillwatermining.com




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