Coeur Names Mitchell J. Krebs as President and Chief Executive Officer

Coeur d′Alene Mines Corporation (NYSE:CDE)(TSX:CDM) announced today that
Mitchell J. Krebs has been appointed as President and Chief Executive
Officer of the Company. In addition, the Board of Directors also elected
Mr. Krebs as a director and Robert E. Mellor as non-executive Chairman
of the Board.

Messrs. Krebs and Mellor are succeeding Dennis E. Wheeler, who resigned
from Coeur as President, CEO and Chairman of the Board of Directors on
July 11, 2011. The appointments follow an exhaustive internal and
external search conducted by the Board of Directors as part of the
Company′s succession planning.

Mr. Mellor said, 'As an already proven and respected member of Coeur′s
senior management team, the Board is confident Mitch will guide the
company to greater success. Mitch has been instrumental in Coeur′s
growth and re-positioning over the past several years. He has
demonstrated leadership in value-enhancing initiatives during his 16
years at Coeur. These include leading the significant reduction in short
and long-term debt, restructuring of the balance sheet and timely
financings to facilitate the construction of our platform of new silver
and gold mines. His comprehensive understanding of Coeur′s operations
and a competitive industry makes him uniquely qualified to take Coeur to
the next level.?

Mr. Wheeler will continue to serve the Company as a consultant until
July 2012 in order to facilitate a smooth transition and to capitalize
on his vast experience and in-depth knowledge of the company. Mr. Mellor
said, 'We have been fortunate to have had Dennis serving our 83-year-old
Company and its shareholders as a dedicated and steadfast CEO for nearly
25 years and a director for 33 years. His stellar career built our
Company from a small Idaho silver producer through the challenging
period of low silver prices in the 1980s and 1990s to the largest
U.S.-based primary silver producer with three new world-class,
long-lived silver and gold mines, which are generating record
production, revenues and cash flow. Dennis also has been a leading
spokesman and advocate for the mining industry, a director of the
National Mining Association and the World Gold Council and former
President of the Silver Institute. We thank Dennis for his many
contributions to Coeur.?

Mr. Krebs was previously the Company′s Senior Vice President and Chief
Financial Officer, and will continue to serve as CFO. During his tenure
with Coeur, Mr. Krebs has held various positions in the corporate
development department, including Senior Vice President of Corporate
Development. Since March 2008, Mr. Krebs has held the position of Chief
Financial Officer and also has been responsible for the Company′s
corporate development and investor relations activities. As CFO, Mr.
Krebs led debt reduction activities and over $1 billion in capital
financings to fund the construction of the three mines. He also
facilitated over $1.3 billion of acquisitions and divestitures during
his time at Coeur. Hejoined Coeur in 1995 after spending several
years in the investment banking industry in New York. Mr. Krebs holds a
BS in Economics from The Wharton School at the University of
Pennsylvania and an MBA from Harvard University.

Mr. Mellor was previously the independent Lead Director for the Company
and serves on the executive and compensation committees and is the
chairman of the nominating and governance committee. He has served as a
director of Coeur since 1998. Mr. Mellor is the retired Chairman, CEO
and President of Building Materials Holding Corporation. He is a
long-time director of The Ryland Group, Inc. and Monro Muffler/Brake,
Inc.

With Mr. Krebs continuing as CFO, Elizabeth M. Druffel continues as
Chief Accountant and, upon Mr. Krebs′ appointment to CEO, became the
Company′s principal accounting officer.

Cautionary Statement

This press release contains forward-looking statements within the
meaning of securities legislation in the United States and Canada,
including statements regarding anticipated operating results. Such
statements are subject to numerous assumptions and uncertainties, many
of which are outside the control of the Company. Statements in this
press release are based on information that the Company believes is
reasonable, but involve significant uncertainties affecting the business
of the Company, including, but not limited to, future gold and silver
prices, costs, ore grades, estimation of gold and silver reserves,
mining and processing conditions, construction schedules, currency
exchange rates, and the completion and/or updating of mining feasibility
studies, changes that could result from future acquisitions of new
mining properties or businesses, the risks and hazards inherent in the
mining business (including environmental hazards, industrial accidents,
weather or geologically related conditions), regulatory and permitting
matters, risks inherent in the ownership and operation of, or investment
in, mining properties or businesses in foreign countries, 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, the
Company′s reports on Form 10-K and Form 10-Q. Actual results could vary
significantly from the estimates presented. Readers are cautioned not to
put undue reliance on forward-looking statements. The Company disclaims
any intent or obligation to update publicly such forward-looking
statements, whether as a result of new information, future events or
otherwise. Additionally, the Company undertakes no obligation to comment
on analyses, expectations or statements made by third parties in respect
of the Company, its financial or operating results or its securities.

About Coeur

Coeur d′Alene Mines Corporation is the largest U.S.-based primary silver
producer and a growing gold producer. The Company has three new, large
precious metals mines generating significantly higher production, sales
and cash flow in continued strong metals markets. In 2011, the Company
will realize the first full year of production and cash flow from all
three of its new, 100%-owned mines: San Bartolom?n Bolivia;  the
Palmarejo silver/gold mine in Mexico, and the  Kensington  Gold Mine in
Alaska. In addition, the Company is expecting new production from its
long-time flagship Rochester mine in Nevada. The Company also owns a
non-operating interest in a  low-cost mine in Australia,
and  conducts  ongoing exploration activities near its operations in
Argentina, Mexico  and Alaska.

For additional information, please refer to the Company′s website at www.coeur.com.

Coeur d′Alene Mines Corporation

Vice President, Investor Relations

Wendy
Yang, 208-665-0345

or

Director of Corporate Communications

Tony
Ebersole, 208-665-0777