FOR IMMEDIATE RELEASE: January 16, 2008

CONTACT:               Dawn McCurtain
                       Stillwater Mining Company
                       406-373-8787

            Stillwater Names Greg R. Struble Executive Vice President
                          and Chief Operating Officer

      BILLINGS, Mont., Jan. 16 /PRNewswire-FirstCall/ -- STILLWATER MINING
COMPANY (NYSE: SWC) announced today the appointment of Greg R. Struble as
Executive Vice President and Chief Operating Officer with responsibility for the
Company's operations.

      Struble, with over 25 years of underground metal and non-metal mining
experience, comes to Stillwater from Barrick Gold Corporation where he was
Underground Project Manager of their Cortez Hills Joint Venture Project based in
Elko, Nevada. He joined Barrick in 2007.

      Prior to joining Barrick, Greg spent nearly four years at Meridian Gold
Company as General Manager of Meridian's El Penon Mine based in Antofagasta,
Chile. His responsibilities there included business planning and operations
management, as well as business development within the mining district. From
1997 to 2003, he was with AngloGold as General Manager and Underground Mine
Manager at their Jerritt Canyon Joint Venture in Nevada. And from 1983 to 1997,
he was with Homestake Mining Company where he held various positions including
Production Superintendent of the Homestake Mine in Lead, South Dakota as well as
Mine Superintendent of the Mineral Hill Mine Joint Venture in Gardner, Montana.

      Commenting on Mr. Struble's appointment, Frank McAllister, Stillwater's
Chairman and Chief Executive Officer, said "We are very pleased to welcome Greg
to our management team. He brings to Stillwater significant underground mining
experience and a hands-on style of management that should complement the
Company's continuing efforts to optimize operations at the Stillwater and East
Boulder Mines." McAllister continued, "Greg is a well-respected manager, and we
feel his talents should enable us to strengthen our operations by bringing to
full fruition the mine planning efforts that we have put in place over the past
several years. We look forward to working with him."

      Struble is a native of Michigan and holds a Bachelor of Science in Mining
Engineering from Michigan Technological University in Houghton, Michigan. He
also completed the Executive Development Program at Wharton Business School in
2000. Greg is a member and past chapter president of the Montana Mining
Association, the Nevada Mining Association and the Society of Mining Engineers.
He also is a founding member of the Western Underground Miners Association. Greg
and his wife Linda will relocate to Montana. He will be based at the company's
headquarters in Billings, Montana.



      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
the Republic of South Africa and the Russian Federation. The Company's shares
are traded on the New York Stock Exchange under the symbol SWC. Information on
Stillwater Mining can be found at its Website: http://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 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.
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 2006 Annual Report on Form 10-K. 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.