CDE Coeur Mining Inc

Coeur's Kensington Gold Project Receives Final Use Permit From Juneau Planning Commission Final Supplemental EIS and Record of Decision Also Expected by U.S. Forest Service in 4th Quarter COEUR D'ALENE, Idaho, Sept. 27 /PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation (NYSE:CDE) today announced that the Juneau Planning Commission has approved the final Allowable Use Permit for Coeur's Kensington gold project, located 45 miles north of Juneau, Alaska, inside the City and Borough boundaries. The Planning Commission approved the permit after assessing the proposed project's relation to municipal services, environmental considerations and consistency with the Juneau Coastal Management Program. "Coeur is pleased to announce the successful completion of this milestone permitting event," said Dennis E. Wheeler, Chairman and Chief Executive Officer. "We have worked very closely with city staff and local appointed planning officials and the Mayor and Assembly to design a project that is totally compatible with municipal planning goals, ordinances and regulations. Coeur takes its commitment to environmental protection very seriously and we will remain dedicated to protecting the physical environment, our employees and the general public as we advance the development of Kensington." In addition, the Company anticipates that the Final Supplemental EIS and Record of Decision will be issued by the U.S. Forest Service in November of this year. As previously announced by the Company, the final feasibility study has been completed for Kensington, with future production expected at approximately 100,000 ounces of gold annually over a minimum ten year mine life. Initial production is anticipated to commence in 2006. Kensington is expected to create approximately 300 jobs during the construction phase, with an eventual 225 full-time jobs anticipated during operation of the mine. Coeur has committed itself to both local and Native hire for the project. Coeur d'Alene Mines Corporation is the world's largest primary silver producer, as well as a significant and growing low-cost producer of gold. The Company has mining interests in Nevada, Idaho, Alaska, Argentina, Chile and Bolivia. Contact: Tony Ebersole Director Investor Relations 800-523-1535 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. DATASOURCE: Coeur d'Alene Mines Corporation CONTACT: Tony Ebersole, Director Investor Relations of Coeur d'Alene Mines Corporation, 800-523-1535 Web site: http://www.coeur.com/

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