Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 2, 2012, Comstock Mining Inc. (the "Company") and its Chief Executive Officer and President, Corrado DeGasperis, entered into an amendment (the "Amendment") to the employment agreement of Mr. DeGasperis, originally dated as of April 21, 2010 (the "Employment Agreement").

The Amendment extended the vesting schedule for equity awards contemplated by the Employment Agreement, so that initial vesting for such awards will not occur prior to January 1, 2014, except under limited circumstances such as a termination without cause, upon death or disability, or in connection with a change of control of the Company.

The preceding description is qualified in its entirety by reference to the terms of the Amendment, which will be filed when so required in accordance with the provisions of Item 601 of Regulation S-K.