Coeur Completes Acquisition of Orko Silver Corp.

Coeur d′Alene Mines Corporation ('Coeur?) (NYSE: CDE) (TSX: CDM) today
announced the completion of its acquisition of Orko Silver Corp.
('Orko?) pursuant to its previously announced plan of arrangement.

'We are excited to complete the acquisition of Orko and look forward to
developing La Preciosa into a world-class silver mine that generates an
attractive rate of return for shareholders over a long mine life,? said
Mitchell J. Krebs, Coeur′s President and Chief Executive Officer. 'I
would like to welcome Orko′s shareholders to Coeur and look forward to
capitalizing on our opportunities for building value in a disciplined
way for all Coeur shareholders.?

As a result of the completion of the arrangement, Coeur now owns all of
the issued and outstanding shares of Orko. As consideration, Coeur paid
a total of CAD $100 million in cash and issued an aggregate 11,572,918
common shares of Coeur and 1,588,768 warrants to acquire common shares
of Coeur.

Also as a result of the completion of the transaction, the Orko shares
will be de-listed from the TSX Venture Exchange. If they have not
already done so, registered Orko shareholders should complete and submit
their letter of transmittal, together with the certificate(s)
representing their Orko shares and any other required documents and
instruments, to the depositary, Computershare Trust Company of Canada,
to receive the consideration to which they are entitled under the plan
of arrangement. Orko shareholders who hold their Orko shares through a
broker or other intermediary should contact that broker or other
intermediary for instructions and assistance in receiving the
consideration to which they are entitled under the plan of arrangement.

Former Orko shareholders with questions regarding the plan of
arrangement can contact Kingsdale Shareholder Services Inc. toll free in
North America at (888) 518-6812 or call collect outside North America at
(416) 867-2272 or by email at contactus@kingsdaleshareholder.com.

About Coeur

Coeur d'Alene Mines Corporation is the largest U.S.-based primary silver
producer and a growing gold producer. Coeur has four precious metals
mines in the Americas generating strong production, sales and cash flow
in continued robust metals markets. Coeur produces from its wholly owned
operations: the Palmarejo silver-gold mine in Mexico, the San Bartolom?
silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the
Kensington gold mine in Alaska. Coeur also owns a non-operating interest
in a mine in Australia, and conducts ongoing exploration activities in
Mexico, Argentina, Nevada, Alaska and Bolivia. In addition, Coeur owns
strategic investment positions in eight silver and gold development
companies with projects in North and South America.

Cautionary Statement

The information contained in this news release contains forward-looking
statements within the meaning of securities legislation in the United
States and Canada, including, among others, ?statements regarding
developing the La Preciosa silver mine and its rate of return and mine
life. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause Coeur′s actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, the
risks and hazards inherent in the mining business (including
environmental hazards, industrial accidents, weather or geologically
related conditions), changes in the market prices of gold and silver,
the uncertainties inherent in Coeur′s production, exploratory and
developmental activities, including risks relating to permitting and
regulatory delays and disputed mining claims, any future labor disputes
or work stoppages, the uncertainties inherent in the estimation of gold
and silver ore reserves, changes that could result from Coeur′s future
acquisition of new mining properties or businesses, reliance on third
parties to operate certain mines where Coeur owns silver production and
reserves, the loss of any third-party smelter to which Coeur markets
silver and gold, the effects of environmental and other governmental
regulations, the risks inherent in the ownership or operation of or
investment in mining properties or businesses in foreign countries,
Coeur′s ability to raise additional financing necessary to conduct its
business, make payments or refinance its debt, as well as other
uncertainties and risk factors set out in filings made from time to time
with the U.S. Securities and Exchange Commission, and the Canadian
securities regulators, including, without limitation, Coeur′s reports on
Form 10-K and Form 10-Q. Actual results, developments and timetables
could vary significantly from the estimates presented. Readers are
cautioned not to put undue reliance on forward-looking statements. Coeur
disclaims any intent or obligation to update publicly such
forward-looking statements, whether as a result of new information,
future events or otherwise. Additionally, Coeur undertakes no obligation
to comment on analyses, expectations or statements made by third parties
in respect of Coeur, its financial or operating results or its
securities.

Coeur d'Alene Mines Corporation

Wendy Yang, 208-665-0345

Vice
President, Investor Relations

or

Stefany Bales, 208-667-8263

Director,
Corporate Communications

www.coeur.com