CDE Coeur Mining Inc

New Bolivian Tax Regulations to Benefit Coeur's Major San Bartolome Silver Project COEUR D'ALENE, Idaho, Sept. 20 /PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation (NYSE:CDE) today announced that the government of Bolivia has finalized regulations extending tax benefits to new investments in mining projects in the Potosi region, which will positively impact Coeur's major San Bartolome silver project. These benefits include the exemption of import duties and value added taxes for imported capital goods used for the processing and related facilities during the construction phase at San Bartolome. Dennis Wheeler, Chairman and CEO of Coeur, commented, "We are very pleased by the initiatives that the Bolivian government is taking to enhance the Bolivian mining industry by promoting new investments in Bolivian mining projects, and we especially appreciate the strong support that the government has shown for the San Bartolome project. The tax benefits that have been extended to include mining projects in Potosi cover the bulk of our investment in San Bartolome and will have a positive economic impact on this major Company-enhancing silver project." The San Bartolome project is anticipated to begin production in 2006 at an annual rate of approximately 6 million ounces of silver, ramping up to an estimated 8 million ounces per year, at an average estimated cash operating cost of $3.55 per year. Completion of the updated feasibility study and a final construction decision are expected in the fourth quarter of this year. The construction and operations of San Bartolome are expected to provide much- needed jobs and related economic benefits for the Potosi economy. Coeur d'Alene Mines Corporation is the world's largest primary silver producer, as well as a significant, low-cost producer of gold. The Company has mining interests in Nevada, Idaho, Alaska, Argentina, Chile and Bolivia. Cautionary Statement This document contains numerous forward-looking statements relating to the Company's silver and gold mining business. Such forward-looking statements include the statements above as to the impact of the proposed acquisition on both the combined entity and the Company's shareholders. Such statements are subject to numerous assumptions and uncertainties, many of which are outside the Company's control. These include negotiation and completion of a formal transaction agreement, governmental regulatory processes, the Company's ability to successfully integrate the operations of Wheaton River, assumptions with respect to future revenues, expected mining program performance and cash flows and the outcome of contingencies. 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, 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, 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 these forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Tony Ebersole Director Investor Relations 800-523-1535 DATASOURCE: Coeur d'Alene Mines Corporation CONTACT: Tony Ebersole, Director Investor Relations of Coeur d'Alene Mines Corporation, 1-800-523-1535 Web site: http://www.coeur.com/

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