Bimini Mortgage Management, Inc. President and Chief Executive Officer Opens New York Stock Exchange Trading.

VERO BEACH, Fla. -- Jeffrey J. Zimmer, president and chief executive officer of Bimini Mortgage Management, Inc. (NYSE:BMM), a real estate investment trust that invests primarily in residential mortgage-related securities, ceremoniously rang The Opening Bell(TM) for the New York Stock Exchange this morning. The event was broadcast on several television stations, including major financial networks.

Commenting on the ceremony, Mr. Zimmer said, "It was an honor to open the New York Stock Exchange trading this morning. Bimini Mortgage Management was listed on the NYSE as an initial public offering on September 16, 2004, under the symbol "BMM," and we look forward to many years of success with the NYSE."

Bimini Mortgage Management, Inc. was formed in September 2003 to invest primarily in residential mortgage-related securities issued by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae). It intends to earn returns on the spread between the yield on its assets and its costs, including the interest expense on the funds it borrows.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Bimini Mortgage Management, Inc.'s business which are not historical facts are "forward looking statements" that involve risk and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's final prospectus.