Coeur Reports First Quarter 2013 Results

Coeur d'Alene Mines Corporation (the 'Company? or 'Coeur?)(NYSE:
CDE) ?(TSX: CDM) reported metal sales of $171.8 million, operating cash
flow¹ of $58.7 million, and capital expenditures of $12.8
million during the first quarter 2013.

The Company produced 3.8 million ounces of silver and 56,913 ounces of
gold during the first quarter 2013. Silver and gold production at
Palmarejo increased 6% and 15%, respectively, compared to the prior
quarter while costs declined significantly from $7.55 per silver ounce¹
to $2.20 per silver ounce¹. Companywide cash operating
costs were $8.73 per silver ounce¹ and were $1,055 per gold
ounce at the Company's Kensington gold mine during the first quarter.

The Company reaffirmed its 2013 full-year production guidance of
18.0-19.5 million ounces of silver and 250,000-265,000 ounces of gold.
Coeur's full-year cash operating cost¹ guidance is being
revised to $9.50 - $10.50 per silver ounce (compared to previous
guidance of $8.00 - $9.00 per ounce) to reflect an assumed $1,500 per
ounce gold price during the remainder of the year for by-product credits
(compared to $1,650 per ounce used in prior guidance). Kensington's cash
operating costs per gold ounce¹ guidance remains unchanged at
$900 - $950 for 2013.

During the first quarter, the Company successfully completed a $300
million senior unsecured notes financing, redeemed $43.3 million of the
outstanding $48.7 million of 3.25% convertible debentures and closed the
approximately $280 million acquisition of Orko Silver Corp., which adds
the La Preciosa silver project in Mexico to the Company's growth
profile. The Company announced the relocation of its corporate
headquarters to Chicago and that, subject to shareholder approval, the
Company will reincorporate to Delaware and change its name to Coeur
Mining, Inc. promptly following the Annual Meeting of Shareholders on
May 14, 2013. In addition, Coeur repurchased 655,474 shares of its own
stock for $12.6 million during the first quarter 2013. The Company has
now completed $32.5 million of its $100 million share repurchase program
authorized by the Board of Directors in June of 2012.

First Quarter 2013 Highlights

• 
  Silver production totaled 3.8 million ounces, a 22% decrease from the
  first quarter 2012 and level with fourth quarter 2012.
  
• 
  Gold production totaled 56,913 ounces, up 30% from the first quarter
  2012 and down 6% from fourth quarter 2012.
  
• 
  Metal sold of 3.1 million silver ounces and 51,926 gold ounces
  resulted in lower metal sales during the quarter as a result of
  quarter-end timing.
  
• 
  Average realized prices were $30.30 per silver ounce and $1,630 per
  gold ounce, down 7% for silver and 4% for gold from the first quarter
  2012, and 7% lower for silver and 5% for gold compared with the fourth
  quarter 2012.
  
• 
  Cash operating costs for silveraveraged $8.73 per silver
  ounce¹ compared with $8.97 per silver ounce¹ in
  the fourth quarter 2012. Kensington's cash operating costs averaged
  $1,055 per gold ounce¹ compared with $1,065 per gold ounce¹
  in the fourth quarter 2012.
  
• 
  Adjusted earnings¹ were $6.8 million, or $0.08 per share,
  compared with $41.5 million, or $0.46 per share, in the first quarter
  2012. Net income for the first quarter 2013 was $12.3 million, or
  $0.14 per share, compared with net income of $4.0 million, or $0.04
  per share, in the first quarter 2012.
  
• 
  Cash, cash equivalents and short-term investments were $332.8 million
  at March 31, 2013, compared with $153.2 million a year ago. On April
  16, 2013, $99.1 million was used as part of the consideration to
  acquire Orko Silver.
  
• 
  Subsequent to the issuance of 11.6 million common shares to Orko
  Silver shareholders on April 16, 2013, Coeur has 101.5 million in
  total shares outstanding at May 8, 2013.
  

Mitchell J. Krebs, Coeur's President and Chief Executive Officer, said,
'Through the first four months of 2013, Coeur has been actively pursuing
its strategic objectives of (i) creating a foundation for improved
operational consistency throughout the remainder of the year and beyond;
(ii) reducing costs and improving the efficiency at our existing mines;
(iii) reinvesting in our existing assets to increase production and cash
flow; (iv) repurchasing shares, which we feel represent compelling
long-term value, especially at current levels; (v) pursuing
opportunities to acquire and sell assets in order to create long-term
value for our shareholders; and (vi) advancing our capital projects that
are critical to the Company's continued growth and sustainability.

'We are pleased that silver and gold production at Palmarejo rebounded
at materially lower costs per ounce¹ than the last quarter of
2012. Although production levels at our Palmarejo operation had a slow
start to the year due to lower than planned grades, both March and April
were strong months and we remain confident in our 2013 guidance for this
important asset. Rochester also started slow due to extreme winter
weather in Nevada and we are pursuing alternatives to catch up
production that was not realized during January and February. We remain
enthusiastic about the expansion opportunities at Rochester, which we
believe can make this long-running operation our largest cash flow
generator in the next five years. Our San Bartolom? silver mine in
Bolivia continues to exceed plan levels despite mining lower grade
material. The Kensington gold mine in Alaska is now demonstrating its
ability to operate more consistently as planned. We expect production
from Kensington to increase during the second half of the year due to
higher grades.

'Since completion of the Orko Silver transaction, we have been actively
building a project development team and commissioned a preliminary
economic assessment (PEA) of the La Preciosa project by M3 Engineering,
the results of which we expect to have by June 30^th. We
believe La Preciosa will become another long-life, cornerstone asset for
the Company and will generate a return on investment in excess of the
Company's cost of capital.?

Table 1: Financial Highlights (Unaudited)

First quarter net metal sales were $171.8 million compared with
$204.6 million in the first quarter of 2012 due to lower metal prices
and fewer silver ounces sold, which was partially offset by more gold
ounces sold.

Silver contributed 53% of the Company's total metal sales in the first
quarter 2013 compared with 68% in the first quarter 2012 due to
increased gold production at the Company's Kensington and Rochester
mines.

Consolidated production costs were $88.8 million in the first
quarter 2013, which was down 4% compared to last year's first quarter
and 17% lower than the fourth quarter 2012. On a per ton milled basis,
production costs were 16% lower compared with the first quarter 2012.
Production costs at each of the Company's operations are on plan. Unit
costs are expected to decline over the remainder of 2013 with the
expected ramp up in production. Cash operating costs per silver
ounce¹ were higher compared with the first quarter
2012 due to lower production. Compared to the fourth quarter, costs per
silver ounce¹ declined 3%.

Prior to changes in working capital, Coeur generated $58.7 million in operating
cash flow¹ in the first quarter 2013 compared with
$93.8 million in the first quarter 2012. Including changes in working
capital, net cash from operating activities was $12.9 million compared
with $17.0 million in the first quarter 2012. Inventories increased
$20.5 million during the first quarter due to timing of metal sales,
which were realized in April 2013. In addition, accounts payable and
accrued liabilities declined $27.0 million during the quarter due mostly
to an annual tax payment to Bolivia.

On a U.S. GAAP basis, the Company realized net income of $12.3
million, or $0.14 per share, in the first quarter 2013 compared with net
income of $4.0 million, or $0.04 per share, in the first quarter 2012.
Net income for the first quarter 2013 included a non-cash fair market
value adjustment of positive $17.8 million. The fair market value
adjustment in the first quarter 2012 was negative $23.1 million. Fair
value adjustments are driven primarily by lower or higher gold prices,
which decrease or increase, respectively, the estimated future
liabilities related to a gold royalty obligation at Palmarejo.

Coeur reports a non-U.S. GAAP metric of adjusted earnings¹
as a measure of operating income, which excludes non-cash fair value
adjustments, other non-cash adjustments, deferred taxes and discontinued
operations. Adjusted earnings¹ were $6.8 million, or $0.08
per share, in the first quarter 2013, compared with $41.5 million, or
$0.46 per share, in the first quarter 2012. Adjusted earnings were lower
due to a $32.8 million decline in metal sales and a $6.4 million
increase in general and administrative, pre-development, care and
maintenance, and other expenses.

Capital expenditures were $12.8 million in the first quarter
2013, a 59% decrease from the first quarter 2012. Capital expenditures
were primarily related to Palmarejo's capitalized exploration drilling,
underground development and development of the Guadalupe satellite
operation located near the Palmarejo mine, leach pad and crusher
expansion at Rochester, and exploration drilling and underground
development at Kensington.

Cash, cash equivalents and short-term investments were $332.8
million at March 31, 2013. On January 29, 2013, the Company realized net
proceeds of $290.8 million from the sale of $300.0 million in aggregate
principal amount of 7.875% Senior Notes due in 2021. On April 16, 2013,
$99.1 million (CAD $100.0 million) was used in connection with the
acquisition of Orko Silver Corp. The Company's $100 million revolving
credit facility remains undrawn.

Coeur ?and XDM Royalty Corp. ('XDM?) have terminated
the ?previously-announced ?letter of intent ?whereby Coeur
announced ?its ?intent to sell its ?interest in the silver production ?and
reserves ?from the ?Endeavor mine ?in Australia ?and ?the ?royalty ?from the
Cerro Bayo ?gold and ?silver mine ?in ?southern ?Chile. Mr. Krebs said, 'The
proposed transaction with XDM provided Coeur with an opportunity to
monetize certain ?non-core assets. Unfortunately, a severe dislocation in
metals markets has ?disrupted ?the transaction. Both parties remain
committed to continuing discussions to possibly reach a revised
agreement.?

Table 2: Operational Highlights: Production

Table 3: Operational Highlights: Cash Operating
Costs Per Ounce¹

Palmarejo, Mexico - Rebounding with Expected Improved Quarters to Come

• 
  Palmarejo produced 1.65 million ounces of silver and 22,965 ounces of
  gold at cash operating costs of $2.20 per silver ounce¹ for
  the first quarter. In the fourth quarter of 2012, Palmarejo produced
  1.55 million ounces of silver and 19,998 ounces of gold at cash
  operating costs of $7.55 per silver ounce¹.
  
• 
  Palmarejo's underground and open pit mining rates improved and
  stabilized during the first quarter compared to the last four months
  of 2012. Silver and gold ore grades from both the open pit and from
  underground operations are generally expected to continue increasing
  during the remainder of the year as they have in March and April.
  
• 
  Palmarejo's mine rescue team earned first place and the first aid
  response team second place in their respective competitions at the
  Northern Mexico Mine Rescue and First Aid Competition held in
  mid-March 2013. The Company's subsidiary Coeur Mexicana was also
  recognized by the Mexican Centre for Philanthropy with the Socially
  Responsible Business Distinction Award for the exemplary Palmarejo
  operations for the fifth year in a row.
  
• 
  Sales and operating cash flow¹ totaled $57.4 million and
  $31.5 million, respectively, in the first quarter 2013.
  
• 
  Capital expenditures were $5.3 million during this quarter.
  

San Bartolom?, Bolivia - Stable Production and Mill Expansion On-Track

• 
  San Bartolom? produced 1.4 million ounces of silver at cash operating
  costs of $13.27 per silver ounce¹. In the fourth quarter of
  2012, San Bartolom? produced 1.3 million ounces of silver at cash
  operating costs of $13.97 per silver ounce¹.
  
• 
  The Company is in the process of increasing processing capacity
  approximately 10%-15% by investing $17.0 - $20.0 million during 2013.
  This expansion is expected to have a less than two-year payback and
  increase the mine's annual production to over 6.0 million ounces of
  silver for the next several years at reduced cash operating costs per
  ounce¹. This expansion project remains on-schedule to be
  completed late this year.
  

• 
  In celebration of the city of Potosi's bicentennial, San Bartolom?
  donated silver bars which were made into commemorative medallions for
  the government.
  
• 
  Sales and operating cash flow¹ totaled $33.1 million and
  $11.9 million, respectively, in the first quarter 2013.
  
• 
  Capital expenditures were $0.5 million during this quarter.
  

Rochester, Nevada - Slow First Quarter; Accelerated Production
Expected during Remainder of 2013

• 
  Rochester produced 648,000 ounces of silver and 8,742 ounces of gold,
  up 47% and 65% respectively, over the first quarter 2012. Cash
  operating costs per silver ounce¹ were $13.54, which were
  materially lower than first quarter 2012, but higher than fourth
  quarter 2012.
  
• 
  In the fourth quarter 2012, Rochester produced 828,000 ounces of
  silver and 12,054 ounces of gold at cash operating costs of $2.17 per
  silver ounce¹. First quarter production was lower due to
  poor weather and lower than planned crushing rates.
  
• 
  The Company is investing approximately $4.0 million during 2013 to
  expand the capacity of the primary crusher from 9.0 million tons to
  14.0 million tons. Crusher throughput is expected to ramp up to
  achieve 1.2-1.4 million tons crushed monthly in the second half of
  2013, leading to higher second half silver and gold production.
  
• 
  In addition, the Company is expanding the mine's heap leach capacity
  to approximately 67.0 million tons at an estimated capital cost of
  approximately $15.0 million. This planned expansion will accommodate
  sustained higher production rates driven by the processing of ore
  contained in historic stockpiles. These stockpiles were created during
  the mine's 26-year operating history when gold and silver prices were
  significantly lower than current market prices.
  
• 
  On May 1, 2013, Rochester presented Nevada Governor Brian Sandoval
  with a 1,000-ounce silver bar to be made into 1,000 commemorative
  coins to mark the state's sesquicentennial.
  
• 
  Sales and operating cash flow¹ totaled $39.5 million and
  $17.4 million, respectively, in the first quarter 2013.
  
• 
  Capital expenditures were $3.3 million during this quarter.
  

Kensington, Alaska - Improving Gold Grade Expected in Second Half of
2013

• 
  Kensington produced 25,206 ounces of gold at cash operating costs of
  $1,055 per ounce¹, significantly improved over the first
  quarter 2012, which was affected by the temporary scale back in
  production from November 2011 until April 2012 to allow for the
  completion of several critical underground and surface infrastructure
  projects.
  
• 
  Production during the fourth quarter 2012 totaled 28,717 gold ounces
  at cash operating costs of $1,065 per ounce.¹
• 
  Kensington's mill throughput at 129,057 tons was consistent with the
  fourth quarter 2012. Average mill head grade of 0.20 oz/t was 13%
  lower than the fourth quarter 2012, but 11% higher than first quarter
  2012.
  
• 
  The gold grade is expected to gradually improve during the remaining
  quarters of 2013 as higher-grade stopes are mined and processed.
  
• 
  Rebuilds of generators during the first quarter limited backfilling
  rates, which negatively impacted overall efficiency and costs.
  
• 
  Sales and operating cash flow¹ totaled $39.3 million and
  $15.2 million, respectively, for the first quarter 2013.
  
• 
  Capital expenditures were $3.3 million during this quarter.
  

La Preciosa, Mexico - Project Update

• 
  The acquisition of Orko Silver closed on April 16 for total
  consideration of the approximately $280 million ($99.1 million in
  cash, 11.6 million Coeur shares and 1.6 million Coeur warrants.)
  
• 
  Joe Phillips was recently named the Company's Chief Development
  Officer, bringing international mine development experience, including
  the successful construction of two mines in Mexico. He is responsible
  for the development of La Preciosa and other capital projects.
  
• 
  Coeur has engaged M3 Engineering to prepare a PEA by the end of the
  second quarter 2013. M3 has built over 16 mines and processing plants
  in Mexico and is a leading engineering and construction company to the
  mining industry in Mexico.
  

• 
  Following the PEA, Coeur intends to commence with basic engineering
  and full feasibility work in the second half of 2013, along with
  infill and development drilling.
  
• 
  Optimization of the operating plan at the feasibility stage is
  expected to enhance project economics.
  
• 
  A strong development team is being established at the corporate office
  and in Durango, Mexico.
  

Organizational Update

Sandro Ferrarone joins Coeur as Vice President of Operations
Support. Mr. Ferrarone comes to Coeur from Newmont where he served as
Regional Corporate Development Director for South America. He has 19
years of operational planning and corporate development experience in
the gold and copper industries. Mr. Ferrarone's 13 years of service at
Newmont included positions of increasing responsibility within key areas
of Newmont's operations and business functions.

Bruce Kennedy is Coeur's General Manager for La Preciosa. He was
previously the Country Manager of Argentina and General Manager of the
Pirquitas Mine for Silver Standard where he led the improvements of this
large surface mine. ?Mr. Kennedy is a mining engineer with 40 years of
experience in large scale surface and underground mine operations
management in the US and several countries. His previous positions
included being General Manager of the Robinson Mine for Quadra,
Operations Manager of the Peñasquito Mine for Goldcorp, and Operations
Manager for Phelps Dodge. ?He is fluent in Spanish.

Terry Smith joins Coeur as Vice President, North American
Operations. Mr. Smith will be responsible for overseeing the Rochester
and Kensington mines, new projects and business development and
directing North American operational procedures and site management
teams. He comes to Coeur from Hunter Dickinson Inc. where he served as
Vice President of Project Development and Assessments. Mr. Smith also
served as Manager of Operations Support for Barrick Gold Corporation in
Toronto and as Senior Mining Engineer for Teck Cominco Ltd. in Vancouver.

Mark Spurbeck joins Coeur as Vice President of Finance effective
May 13, 2013 and will serve as the Company's principal accounting
officer. Mr. Spurbeck comes to Coeur from Newmont Mining Corporation
where he served as Group Executive, Assistant Controller. He previously
served as Newmont's Senior Director of Financial Reporting and Director
of Accounting Research. Prior to joining Newmont, Mr. Spurbeck was
Director of Accounting, Payment Services at First Data Corporation. Mr.
Spurbeck began his career with Deloitte & Touche LLP.

As previously announced in Coeur's May 8 and March 21, 2013 news
releases, Peter Mitchell was named Senior Vice President and
Chief Financial Officer beginning June 3, 2013 and Bill Holder
has joined the Company as Vice President, Health and Safety,
respectively.

Exploration Update

During the first quarter, the Company invested $6.8 million in expensed
exploration for discovery of new mineralization and $1.7 million in
capitalized exploration for definition of new mineralization to at least
an indicated resource category, completing nearly 138,000 feet (42,000
meters) of drilling and trenching.

Coeur's exploration program utilized up to 10 drill rigs and a trenching
crew: four drills at Palmarejo, three at Kensington (including one drill
devoted to definition drilling), two in Argentina (Joaquin and Lejano
projects), one at Rochester and the trenching crew at San Bartolom?.

Palmarejo, Mexico

• 
  Drilling for discoveries of new mineralization was conducted around
  the Palmarejo surface and underground mines to test new targets
  generated in 2012.
  
• 
  Drilling was performed underground on the 108 zone at Palmarejo and on
  the surface at the Las Animas zone at the southeastern part of the
  Guadalupe deposit to upgrade the confidence of and extend the known
  mineralized zones. Results received from both areas have been largely
  favorable and are expected to extend and upgrade the current
  mineralization at the 108 zone and at Las Animas.
  
  
  • 
    At the 108 zone, hole DC3-108C-0091 intercepted 19.12 meters (62.7
    feet) true width grading 124.7 grams/tonne silver (3.64
    ounces/ton) and 3.62 grams/tonne gold (0.11 ounce/ton), and hole
    DC3-108C-0094 with 3.64 meters (11.9 feet) true width grading
    1,561.3 grams/tonne silver (45.63 ounces/ton) and 33.13
    grams/tonne gold (0.97 ounce/ton).
    
  • 
    At Las Animas, hole TDGH-509 intercepted 5.9 meters (19.4 feet)
    true width grading 108.3 grams/tonne silver (3.16 ounces/ton) and
    0.82 grams/tonne gold (0.024 ounce/ton), and hole TDGH-519 with
    4.7 meters (15.4 feet) true width grading 697.7 grams/tonne silver
    (20.35 ounces/ton) and 6.94 grams/tonne gold (0.20 ounce/ton).
    Both intercepts were within 100 meters (328 feet) of surface.
    
• 
  The third phase of metallurgical sampling at La Patria, a silver-gold
  near surface deposit located approximately 9 kilometers from the main
  Palmarejo mine, continued to test the amenability of the current
  mineralized zones to cyanidation recovery methods.
  

Kensington, Alaska

• 
  Drilling during the first quarter was mostly devoted to production
  definition drilling in order to develop stoping (mining) blocks from
  year-end reserves.
  
• 
  Exploration drilling focused on upgrading and expanding existing
  mineralized zones to be used in subsequent reserve estimation, mostly
  at zones 10 and 50 of the main Kensington deposit.
  
• 
  In addition, drilling was performed at the Comet target, which is
  situated about 5,000 feet (1,500 meters) southeast of the high-grade,
  narrow vein Raven deposit. Assays are pending.
  
• 
  New assay results from the Kensington South zone drilled in the fourth
  quarter 2012 showed potential for Kensington-style mineralization from
  this large, relatively untested area. Kensington South is situated
  south of the main Kensington deposit. To facilitate future drilling,
  construction of a new cross-cut drift began in the first quarter with
  completion of 430 feet (131 meters) of the planned 750 feet (229
  meters).
  

Rochester, Nevada

• 
  Continuing the exploration focus of 2012, drilling was performed to
  define grades and tons of existing stockpiles. In the first quarter,
  over 27,600 feet (8,400 meters) of reverse circulation rotary drilling
  was completed on two of the stockpiles called South and Limerick with
  favorable results reported.
  
  

  • 
    At Limerick, hole LMD12-131 intercepted 20 feet true width
    grading 0.9 ounce/ton silver and 0.003 ounce/ton gold and hole
    LMD12-145 with 180 feet true width grading 0.67 ounce/ton silver
    and 0.002 ounce/ton gold.
    

• 
  Drilling is also planned for the West and Charlie stockpiles during
  2013. This work, along with metallurgical sampling, will continue
  throughout most of this year.
  

San Bartolom?, Bolivia

• 
  All of the work in the first quarter was devoted to upgrading the
  confidence and extending known mineralization of the Pucka Loma zone
  in the northwest sector of the San Bartolom? mine area.
  
• 
  The next stage of work will be to prepare a new model of the
  mineralization to be used in reserve estimation. To date, two-thirds
  of the completed trenches encountered bedrock at the base of the
  gravel ('pallaco?) mineralized layers. The remainder represents an
  opportunity to extend the thickness of the mineralized gravels.
  
• 
  Exploration trenching will now shift to new targets around the mine.
  

2013 Outlook

Coeur's estimated 2013 silver and gold production guidance is unchanged
and the mine-by-mine 2013 production outlook is provided in Table 4
below.

Coeur has adjusted its full-year 2013 projected cash operating costs¹
to $9.50 - $10.50 per silver ounce, assuming a gold by-product price of
$1,500 per ounce for the last nine months of 2013.

Kensington's estimated cash operating costs¹ are unchanged at
$900 - $950 per gold ounce for 2013.

Table 4: 2013 Production Outlook

Conference Call Information

Coeur will hold a conference call and webcast at www.coeur.com
to discuss the Company's first quarter 2013 results at 1 p.m. Eastern
time on May 9, 2013.

A replay of the call will be available on Coeur's website through May
23, 2013.

About Coeur

Coeur d'Alene Mines Corporation is the largest U.S.-based primary silver
producer and a growing gold producer. The Company has four precious
metals mines in the Americas generating strong production, sales and
cash flow. 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 has a non-operating interest in the Endeavor
silver-gold mine in Australia. The Company has two feasibility stage
projects, the Joaquin silver project in Argentina and the La Preciosa
silver-gold project in Mexico. In addition, Coeur conducts ongoing
exploration activities in Mexico, Argentina, Nevada, Alaska and Bolivia.
The Company owns strategic investment positions in eight silver and gold
development companies with projects in North and South America.

Cautionary Statement

This news release contains forward-looking statements within the meaning
of securities legislation in the United States and Canada, including
statements regarding anticipated operating results, production levels,
exploration results, operating costs, ore grades, planned expansions at
Rochester and San Bartolome? and related expected financial returns and
development of the La Preciosa project, and the possibility of reaching
a revised agreement ?to sell the Endeavor silver stream and Cerro Bayo
royalty. 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 risk
that permits necessary for the planned Rochester expansion may not be
obtained, 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 United States Securities and Exchange Commission, and
the Canadian securities regulators, including, without limitation,
Coeur's most recent 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.

Donald J. Birak, Coeur's Senior Vice President of Exploration and a
qualified person under Canadian National Instrument 43-101, supervised
the preparation of the scientific and technical information concerning
Coeur's mineral projects in this news release. For a description of the
key assumptions, parameters and methods used to estimate mineral
reserves and resources, as well as data verification procedures and a
general discussion of the extent to which the estimates may be affected
by any known environmental, permitting, legal, title, taxation,
socio-political, marketing or other relevant factors, please see the
Technical Reports for each of Coeur's properties as filed on SEDAR at www.sedar.com.

Cautionary Note to U.S. Investors-The United States Securities and
Exchange Commission permits U.S. mining companies, in their filings with
the SEC, to disclose only those mineral deposits that a company can
economically and legally extract or produce. We may use certain terms in
public disclosures, such as 'measured,' 'indicated,' 'inferred? and
'resources,' that are recognized by Canadian regulations, but that SEC
guidelines generally prohibit U.S. registered companies from including
in their filings with the SEC. U.S. investors are urged to consider
closely the disclosure in our Form 10-K which may be secured from us, or
from the SEC's website at http://www.sec.gov.

Non-U.S. GAAP Measures

We supplement the reporting of our financial information determined
under United States generally accepted accounting principles (U.S. GAAP)
with certain non-U.S. GAAP financial measures, including cash operating
costs. We believe that these adjusted measures provide meaningful
information to assist management, investors and analysts in
understanding our financial results and assessing our prospects for
future performance. We believe these adjusted financial measures are
important indicators of our recurring operations because they exclude
items that may not be indicative of, or are unrelated to our core
operating results, and provide a better baseline for analyzing trends in
our underlying businesses. We believe cash operating costs is an
important measure in assessing the Company's overall financial
performance.