Clinton Group Warns Of Possible Vote And Meeting Manipulation By Stillwater Mining At Today's Annual Meeting

 Clinton Group Warns Of Possible Vote And Meeting Manipulation By Stillwater
                       Mining At Today's Annual Meeting

PR Newswire

NEW YORK, May 2, 2013

NEW YORK, May 2, 2013 /PRNewswire/ --Clinton Group, Inc. ("Clinton"),a
stockholder of Stillwater Mining Company (NYSE: SWC) ("Stillwater" or
"Company") that is seeking to replace the existing Stillwater board with
independent professionals, today announced that it believes that Stillwater is
continuing its attempt to manipulate and mislead stockholders in advance of
the Stillwater 2013 Annual Meeting (the "Meeting") and to interfere with the
stockholders' right to elect a board of directors.

The Meeting is scheduled for later today, at 4 PM Eastern time. Stockholders
have had the opportunity to review the Company's proxy materials and Board
candidates for 44 days and to consider Clinton's viewpoints and nominees for
almost as long. The vast majority of the Company's stockholders have cast a
ballot.

"We are extremely grateful for the overwhelming stockholder support for our
nominees," said Gregory P. Taxin, Managing Director of Clinton. "We look
forward to having an improved Board at Stillwater to help set the right
strategy, oversee operations and select and hire executive management."

During this entire process, Clinton believes the incumbent Board of Directors
has not been transparent and fully honest with its stockholders and has sought
to manipulate the election process in its favor in an effort to remain in
office and to preserve the tenure of the Company's Chief Executive Officer,
Frank McAllister, on whose watch stockholders have lost more than $900
million. For example:

  oAt every opportunity, the incumbent Board has used baseless ad hominem
    attacks against Clinton and the Clinton nominees in an effort to scare
    Stillwater stockholders into believing that their investment in Stillwater
    would be put at risk if the Clinton nominees were elected;

  oThe Board has refused to confront the evidence and arguments offered by
    Clinton concerning the Board's grave mistakes and abject failures,
    including in the shifting of strategy, the purchase of two companies
    within a year each at premiums over 250%, the substantial increases in
    operating and mining costs with no increased productivity, the waste of
    stockholder money on consumer jewelry marketing, the inefficient and
    misguided corporate finance decisions last year, and the violations of the
    Company's employee stock option plan and wrongful payment to the CEO of
    millions of dollars that were returned only after the initiation of a
    lawsuit against the directors personally;

  oThe Company scheduled the Meeting in what must be one of the most remote
    locations ever chosen for an annual meeting and a place in which Clinton
    will likely be unable to receive last minute voting instructions and
    communications, while the Company is able to receive such communications;

  oDespite a lengthy campaign that has cost stockholders millions of dollars
    and flooded their mailboxes with letters, presentations, advertisements
    and endorsements, the Company's advisors in recent media interviews appear
    to be laying the ground work for a claim that stockholders have not had
    enough time to decide on a group of directors or have been confused by the
    materials, in an attempt to justify a delay in the meeting so the
    incumbent Board can further campaign and seek to change votes;

  oThe Company is attempting aggressively to convince institutional investors
    to change their votes and, more importantly, the method by which they
    vote, encouraging the last-minute use of so-called "legal proxies", which
    circumvent the conventional means by which votes are verified, tabulated
    and counted, and which risk complete disenfranchisement or misallocation
    of votes at this stage; and

  oThe incumbent directors intentionally misled Clinton during settlement
    discussions, used manipulative tactics to allow the Company to issue
    misleading public statements about the settlement discussions and
    repeatedly accepted settlement proposals only to later renege on those
    proposals.

"We believe that the time has come to lay the votes on the table and ask the
independent inspector of elections to count the ballots," continued Mr. Taxin.
"Further manipulation of the voters and delay tactics are an anathema to good
corporate governance and the stockholder franchise. We expect more from our
fiduciaries and hope that Mr. McAllister and the incumbent directors will face
the stockholders' vote today with dignity and transparency and respect for the
stockholders' decisions."

Clinton urges stockholders to demand that votes be counted today and that the
preliminary results be announced publicly at the conclusion of today's
Meeting.

CLINTONRELATIONAL OPPORTUNITY MASTER FUND, L.P.,CLINTONMAGNOLIA MASTER
FUND, LTD.,CLINTON SPOTLIGHT MASTER FUND, L.P.,CLINTONRETAIL OPPORTUNITY
PARTNERSHIP, L.P.,CLINTONRELATIONAL OPPORTUNITY, LLC,CLINTONGROUP, INC.
ANDGEORGE E. HALL(COLLECTIVELY, "CLINTON") AND CHARLES R. ENGLES,SETH E.
GARDNER,MICHAEL MCMULLEN,MICHAEL MCNAMARA,PATRICE E. MERRIN, BRIAN
SCHWEITZER AND GREGORY P. TAXIN (TOGETHER WITHCLINTON, THE "PARTICIPANTS")
HAVE FILED WITH THE SECURITIES AND EXCHANGE COMMISSION (THE "SEC") A
DEFINITIVE PROXY STATEMENT AND ACCOMPANYING FORM OF PROXY CARD TO BE USED IN
CONNECTION WITH THE PARTICIPANTS' SOLICITATION OF PROXIES FROM THE
STOCKHOLDERS OF STILLWATERMINING COMPANY (THE "COMPANY") FOR USE AT THE
COMPANY'S 2013 ANNUAL MEETING OF STOCKHOLDERS (THE "PROXY SOLICITATION"). ALL
STOCKHOLDERS OF THE COMPANY ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT
AND OTHER DOCUMENTS RELATED TO THE PROXY SOLICITATION BY THE PARTICIPANTS
BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING ADDITIONAL INFORMATION
RELATED TO THE PARTICIPANTS. THE DEFINITIVE PROXY STATEMENT AND ACCOMPANYING
PROXY CARD HAVE BEEN FURNISHED TO SOME OR ALL OF THE COMPANY'S STOCKHOLDERS
AND ARE, ALONG WITH OTHER RELEVANT DOCUMENTS, AVAILABLE AT NO CHARGE ON THE
SEC'S WEB SITE ATHTTP://WWW.SEC.GOV/. IN ADDITION, OKAPI PARTNERS
LLC,CLINTON'S PROXY SOLICITOR, WILL PROVIDE COPIES OF THE DEFINITIVE PROXY
STATEMENT AND ACCOMPANYING PROXY CARD WITHOUT CHARGE UPON REQUEST BY CALLING
(212) 297-0720 OR TOLL-FREE AT (855) 305-0857.

INFORMATION ABOUT THE PARTICIPANTS AND A DESCRIPTION OF THEIR DIRECT OR
INDIRECT INTERESTS BY SECURITY HOLDINGS IS CONTAINED IN THE DEFINITIVE PROXY
STATEMENT ON SCHEDULE 14A FILED BYCLINTON WITH THE SEC ONMARCH 26, 2013.
THIS DOCUMENT CAN BE OBTAINED FREE OF CHARGE FROM THE SOURCES INDICATED ABOVE.

SOURCE Clinton Group, Inc.

Website: http://www.clinton.com
Contact: Connie Laux, (212) 825-0400