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Mayor of Juneau Announces Progress in Discussions Between Coeur D'Alene Mines Corporation (Coeur Alaska) and Environmental Groups on Kensington Tailings Plan

Posted on: Friday, 16 November 2007, 09:00 CST

Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) reported that Bruce Botelho, Mayor of Juneau, Alaska, has announced that the Southeast Alaska Conservation Council, Lynn Canal Conservation, the Juneau Group of the Sierra Club, and Coeur Alaska all stated they will ask the U.S. Forest Service to examine the use of an alternative site using paste technology for disposal of mine tailings at Coeur's Kensington Gold Mine.

The following is the full text of the press release by the City and Borough of Juneau:

COEUR ALASKA AND CONSERVATION GROUPS WILL ASK USFS TO PERMIT ALTERNATIVE SITE FOR TAILINGS DISPOSAL

November 15, 2007

"The Southeast Alaska Conservation Council, Lynn Canal Conservation, the Juneau Group of the Sierra Club, and Coeur Alaska announced today that they will ask the U.S. Forest Service to examine the use of a site near Comet Beach for disposal of the Kensington mine tailings. The site is essentially the same as the previously approved Dry Tailings Facility site, but Coeur is now proposing to store the tailings using paste technology instead of dry stacking. Based on the 1997 Supplemental Environmental Impact Statement for this site and the work of environmental consultant Dr. David Chambers, the Conservation Groups believe that the potential adverse environmental impacts of the Comet Beach site are less than the impacts of alternative sites that have been identified. If the Comet Beach site is approved, Lower Slate Lake would not be used in any way for tailings storage or disposal.

"Any revised operations plan is subject to federal, state and local regulatory approval and permitting. The next step is for the parties to meet with the Forest Service to discuss the regulatory process that would be followed to evaluate the Comet Beach site. Development of a final plan of operations is expected to be an iterative process because both Coeur and the Conservation Groups expect that the regulatory process will help define further details of the disposal plan. All of the parties have pledged to cooperate and work with the regulators to complete evaluation of the proposed site in as timely a manner as possible. The parties have preserved all of their legal rights pending final permitting of the mine."

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Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania.

Cautionary Statement: Company press releases may contain numerous forward-looking statements within the meaning of securities legislation in the United States and Canada relating to the company's silver and gold mining business. Such statements are subject to numerous assumptions and uncertainties, many of which are outside the company's control. Operating, exploration and financial data, and other statements in this document are based on information the company believes reasonable, but involve significant uncertainties as 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 the company's future acquisition 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 the company's filings from time to time with the SEC and the Ontario Securities Commission, including, without limitation, the company's reports on Form 10-K and Form 10-Q. Actual results and timetables 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.

Source: Business Wire

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