Coeur Reviewing Strategic Alternatives for Silver Valley Assets

COEUR D'ALENE, Idaho, Jan. 31  /PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation (NYSE: CDE; TSX: CDM), the world's largest primary silver producer and a growing gold producer, announced today that it is reviewing strategic alternatives for its Coeur Silver Valley (CSV) assets in Idaho.  CSV includes the Galena silver mine and related properties.  Strategic alternatives under consideration include a possible sale of the subsidiary.

Coeur's decision to explore strategic alternatives for CSV resulted from the previously disclosed review of Galena's mine plan, which was originally undertaken to identify ways to improve operating performance.

"We continue to believe that there is value in Galena and the related assets that form Coeur Silver Valley in Idaho," said Dennis E. Wheeler, Coeur's Chairman, President, and Chief Executive Officer.  "Our task is to find the best way to realize that value for the benefit of employees, investors, and the local community.  At the same time, we see opportunities to deploy our capital much more efficiently in connection with high-growth silver opportunities in other areas, such as our South American properties."

The company expects to complete the review during the first quarter of 2006.

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

   Investor Contact
   Scott Lamb
   Vice President of Investor Relations
   208-665-0777

  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. 

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DATASOURCE: Coeur d'Alene Mines Corporation



CONTACT:  Scott Lamb, Vice President of Investor Relations of Coeur

d'Alene Mines Corporation, [phone]



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

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