CDE Coeur Mining Inc

Coeur d�Alene Mines Corporation (NYSE:CDE) (TSX:CDM) (ASX:CXC) provided an update today on its debt reduction program. During the first half of 2009, the Company reduced its convertible debt by over $150 million, or approximately 37%.

�Over the last several months, Coeur has taken advantage of the state of the�convertibles market to opportunistically reduce the remaining balance of its two unsecured convertible debentures,� commented Mitchell Krebs, Chief Financial Officer. �This is just one element of our plan to strategically position Coeur for a strong future. Debt reduction is part of a larger effort to enhance shareholder value that also includes reducing non-operating costs, improving our working capital position, and boosting operating cash flow from the Company�s new mines.�

The transactions were pursuant to a series of privately negotiated agreements pursuant to the exemption from registration requirements afforded by Section 3 (a) 9 of the Securities Act of 1933, as amended. The current balances for the notes are as follows:

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January 1, 2009Balance

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July 1, 2009Balance

1 1/4% Convertible Senior Notes due January 2024: 180,000,000 106,784,000 3 1/4% Convertible Senior Notes due March 2028: 230,000,000 150,173,000 �

As of July 1, 2009, Coeur�s basic outstanding shares stood at 75,401,603 and its diluted shares outstanding were approximately 80,023,029. On July 1, 2009, there were no additional planned or pending exchanges.

The company will provide a full financial update when it reports its 2nd Quarter 2009 operating results on August 6th, 2009.

This press release is not an extension of any offer in the United States and is not an offer to purchase or the solicitation of an offer to sell any securities in the United States or in any other jurisdiction in which such an offer or solicitation is unlawful.

About Coeur

Coeur d�Alene Mines Corporation is one of the world�s leading silver companies and also a significant gold producer. Coeur will have its first full year of production this year at the world�s largest pure silver mine - San Bartolom� in Bolivia � and began production in March at another world-leading silver mine � Palmarejo in Mexico. The Company also operates underground mines in southern Chile and Argentina and one surface mine in Nevada; and owns non-operating interests in two low-cost mines in Australia. The Company also owns a major gold project - Kensington in Alaska - and conducts exploration activities in Argentina, Chile and Mexico. Coeur common shares are traded on the New York Stock Exchange under the symbol CDE, the Toronto Stock Exchange under the symbol CDM, and its CHESS Depositary Interests are traded on the Australian Securities Exchange under symbol CXC.

Cautionary Statement

This press release contains forward-looking statements within the meaning of securities legislation in the United States, Canada, and Australia, including statements regarding anticipated operating results. Such statements are subject to numerous assumptions and uncertainties, many of which are outside the control of Coeur. Operating, exploration and financial data, and other statements in this presentation are based on information that Coeur believes is reasonable, but involve significant uncertainties affecting the business of Coeur, 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 SEC, the Canadian securities regulators, and the Australian Securities Exchange, including, without limitation, Coeur�s 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 fourth parties in respect of Coeur, its financial or operating results or its securities.

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 use certain terms in this press release, such as �measured,� �indicated,� and �inferred� �resources,� that are recognized by Canadian and Australian 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 obtained from us, or from the SEC�s website at http://www.sec.gov/edgar.shtml