First Pour Commemorative Bar Sells At Record Pace!

VIRGINIA CITY, NV (October 9, 2012) -- Comstock Mining Inc. (the "Company" or "Comstock") (NYSE MKT: LODE) announced today that the Company’s First Pour Commemorative Doré Bar was over subscribed, at 250 bars, within days of its introduction into the market.

"The Comstock Commemorative Doré Bar was the best-selling non-bullion item on our website in the short time it was offered," stated Don Routh, General Manager at Northwest Territorial Mint, Lyon County, Nevada.

The Company continues to pour doré on an ongoing basis. Since the first pour on September 28, 2012, the Company has poured more than 670 ounces of gold and more than 7,200 ounces of silver, putting the Company on track to achieve its first annual production goal of 20,000 gold equivalent ounces and stabilize cash flow."

"The pace of the demand for the Comstock commemorative bar exceeded all expectations," said Corrado De Gasperis, President and CEO of Comstock Mining. "These accelerated sales demonstrate the deep, existing demand for Comstock silver and gold products. We are also very pleased with the ramp up of the refining process, the on going pouring and the accompanying revenue stream."

The Company is also designing commemorative coins, with the Northwest Territorial Mint, that reflect and celebrate the rich and still precious history and culture of the Comstock.

About Comstock Mining Inc.

Comstock Mining Inc. is a Nevada-based gold and silver mining company with extensive, contiguous property in the Comstock District. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced production. The Company continues acquiring additional properties in the district, expanding its footprint and creating opportunities for further exploration and mining. The goal of its strategic plan is to deliver stockholder value by validating qualified resources (at least measured and indicated) and reserves (probable and proven) of 3,250,000 gold equivalent ounces in 2013, and commencing commercial mining and processing operations with annual production rates of 20,000 gold equivalent ounces.

Forward-Looking Statements

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