Stillwater Announces Preliminary Results of Annual Meeting

Stillwater Mining Company (NYSE:SWC) (TSX:SWC.U) ('Stillwater? or the
'Company?) today announced that, based on the preliminary number of
proxies turned over to IVS Associates, Inc., the independent Inspector
of Elections at the 2013 Annual Meeting of Shareholders held today, the
Company believes that shareholders have voted to elect to the Board of
Directors four nominees proposed by Stillwater ? Francis R. McAllister,
George M. Bee, Michael S. Parrett and Gary A. Sugar ? and four nominees
proposed by the Clinton Group, Inc. ('Clinton Group?) ? Charles R.
Engles, Michael McMullen, Patrice E. Merrin and Brian Schweitzer.

The Company issued the following statement:

'We thank all our shareholders for their participation throughout this
process. Over the last several weeks, we have had the opportunity to
engage in productive and informative discussions with many Stillwater
shareholders, and we value their continued input. Shareholders
overwhelmingly recognize that we have a world-class resource base and
that we have become one of the leading palladium producers in the world.
We are committed to working collaboratively with our new and existing
directors to create long-term value for all shareholders and ensure
Stillwater′s bright future.?

Craig L. Fuller, Patrick M. James, Steven S. Lucas and Sheryl K.
Pressler have shown outstanding leadership and dedication to Stillwater
and the Company thanks them for their service to Stillwater and our
shareholders over the years.

IVS Associates, Inc., the independent Inspector of Elections, has
indicated that it expects to issue certified results in due course,
following the customary review period.

About Stillwater Mining Company

Stillwater Mining Company is the only U.S. producer of palladium and
platinum and is the largest primary producer of platinum group metals
outside of South Africa and the Russian Federation. The Company′s shares
are traded on the New York Stock Exchange under the symbol SWC and on
the Toronto Stock Exchange under the symbol SWC.U. Information on
Stillwater Mining Company can be found at its website: www.stillwatermining.com.

Some statements contained in this news release are forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, and, therefore, involve uncertainties or risks that
could cause actual results to differ materially. These statements may
contain words such as 'believes,' 'anticipates,' 'plans,' 'expects,'
'intends,' 'projects', 'estimates,' 'forecast,' 'guidance,' or similar
expressions. These statements are not guarantees of the Company's future
performance and are subject to risks, uncertainties and other important
factors that could cause our actual performance or achievements to
differ materially from those expressed or implied by these
forward-looking statements. Such statements include, but are not limited
to, comments regarding expansion plans, costs, grade, production and
recovery rates, permitting, financing needs, the terms of future credit
facilities and capital expenditures, increases in processing capacity,
cost reduction measures, safety, timing for engineering studies, and
environmental permitting and compliance, litigation, labor matters and
the palladium and platinum market. Additional information regarding
factors, which could cause results to differ materially from
management's expectations, is found in the section entitled 'Risk
Factors' in the Company's 2012 Annual Report on Form 10-K and in
subsequent filings with the United States Securities & Exchange
Commission. The Company intends that the forward-looking statements
contained herein be subject to the above-mentioned statutory safe
harbors. Investors are cautioned not to rely on forward-looking
statements. The Company disclaims any obligation to update
forward-looking statements.

INVESTOR CONTACTS:

Stillwater Mining Company

Mike Beckstead

406-373-8971

or

Innisfree
M&A Incorporated

Arthur Crozier / Jennifer Shotwell / Scott
Winter

212-750-5833

or

MEDIA CONTACTS:

Sard
Verbinnen & Co

Dan Gagnier / Michael Henson

212-687-8080