Coeur Notified That Underwriters Have Exercised Over-Allotment Option

COEUR D'ALENE, Idaho, March 21  /PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation (NYSE: CDE; TSX: CDM), the world's largest publicly traded primary silver producer, has been notified that its underwriters have elected to exercise the over-allotment option in connection with the company's previously announced offering of common stock.

With the exercise of the 3.6-million share over-allotment option, the total number of shares to be issued upon the closing of the transaction on March 22 is 27.6 million shares at the previously announced public offering price of $5.60.

Coeur now expects to receive total net proceeds, after the underwriters' discount, of approximately $146.8 million.

Deutsche Bank Securities Inc. and JPMorgan are acting as joint book- running managers of the offering. In addition, Bear Stearns & Co., Inc. and RBC Capital Markets are acting as co-managers of the offering.

Copies of the prospectus supplement relating to the offering may be obtained from Deutsche Bank Securities Inc., 60 Wall Street, New York, NY 10005 or from JPMorgan, Prospectus Department, One Chase Manhattan Plaza, Floor 5B, New York, NY 10081.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy common stock nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Coeur d'Alene Mines Corporation is the world's largest publicly traded primary silver producer and has a strong presence in gold.  The Company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Idaho.

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, 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.

Contact:  Scott Lamb  208-665-0777 

DATASOURCE: Coeur d'Alene Mines Corporation



CONTACT:  Scott Lamb of Coeur d'Alene Mines Corporation, [phone]



Web site:  http://www.coeur.com/ 

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