CLINE FILES REVISED INTERIM FINANCIAL STATEMENTS, MD&A AND AIF

TORONTO, Nov. 5 /CNW/ - Cline Mining Corporation ("Cline Mining" or the "Company")  (TSX:CMK). announces the filing of the following materials on SEDAR: (i) amended and restated interim unaudited consolidated financial statements and the notes thereto of the Company as at and for the three and nine months ended August 31, 2010, (ii) amended and restated MD&A for the three and nine months ended August 31, 2010, refiled on November 2, 2010, (iii) a revised annual information form (the "AIF") of the Company for the financial year ended November 30, 2009 providing information effective as of March 13, 2010 and (iv) a technical report dated November 1, 2010 reporting as of March 13, 2010 on the New Elk Coal Mine Project titled "NI 43-101 Technical Report of the New Elk Mine Project Las Animas County, Colorado, USA", prepared by Gary L. Skaggs, P.E., P. Eng. and Timothy Ross, P.E. of Agapito Associates, Inc. (the "Revised Technical Report") which combined and amended the March 13, 2010 preliminary assessment and the March 13, 2010 technical report which had earlier been prepared by Agapito Associates, Inc.

The refiling of the third quarter interim financial statements and MD&A was undertaken as a result of a review by PricewaterhouseCoopers LLP of the Company's interim financials in connection with Cline's Preliminary Short Form Prospectus dated October 22, 2010. PricewaterhouseCoopers LLP identified an understatement of the comparative stock-based compensation expense by $2.9 million, primarily due to an error in the accounting treatment of stock option cancellations which were inadvertently credited to the statement of loss for the nine months ended August 31, 2009.  In addition, for the nine months ended August 31, 2010, the cash flow impact of $6,017,500 of accrued accounts payable pertaining to additions to mineral properties has been recorded as an increase in investing activities and a decrease in the non-cash working capital component of cash flows from operations. 

The AIF of the Company was revised to reproduce the summary from the Revised Technical Report. The Company's AIF was also revised to delete references to the Lodgepole Study and the GR Tech Report on its Lodgepole Property in British Columbia as that property was subjected to a prohibition on mining activity by the British Columbia government in February 2010. References to the Company's Lossan Study and the Northwest Report on its Lossan property were also deleted from the AIF as the Lossan Property is not presently considered by the Company to be a material property.

In the Company's view, the amendments to its third quarter interim financial statements and MD&A and to the AIF and the new Technical Report are not material since there has been no change to the shareholders' equity, net assets of the Company or income statements for the periods reported upon.

CLINE MINING CORPORATION
Ken Bates, President and Chief Executive Officer

Forward-Looking Information
This news release may contain forward-looking statements (including "forward-looking information" within the meaning of applicable Canadian securities laws), including the magnitude or quality of mineral deposits, the economic assessment and estimates regarding the mine life of the New Elk coal mine, and the timing and completion of financings. The timing of drilling and work recommended by the NI 43-101 Technical Report is based on current internal expectations, which may prove to be incorrect. Other risk factors are discussed under "Risk Factors" in Cline's Annual Information Form for its 2009 financial year end, and include management's ability to anticipate and manage risk factors. Such forward-looking statements necessarily involve known and unknown risks and uncertainties that are common to junior mineral exploration companies. These risks and uncertainties include, among other things, the Company's need for additional funding to continue its exploration efforts, changes in general economic, market and business conditions, and competition for, among other things, capital and skilled personnel. These statements are not a guarantee of future performance and undue reliance should not be placed on them. The Company undertakes no obligation to update or revise any forward-looking statements except as required by applicable laws. Copies of the Company's public filings under applicable Canadian securities laws are available at www.sedar.com. The Company further cautions that information contained on, or accessible through, this website is current only as of the date of filing such information and may be superseded by subsequent events or filings.

Head Offices:

Toronto Office: 181 Bay Street, Heritage Building, 3^rd Floor, Brookfield Place, Toronto, ON M5J 2T3 Vancouver Office: Suite 2950 - 650 West Georgia Street, Vancouver BC V6B 4N8

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