Hecla’s Agreement to Acquire Aurizon is Superior for Aurizon Shareholders

  Hecla’s Agreement to Acquire Aurizon is Superior for Aurizon Shareholders

Business Wire

COEUR D’ALENE, Idaho -- March 5, 2013

Hecla Mining Company (NYSE:HL) (Hecla) (Company) today reiterated the
superiority of its agreed-upon transaction with Aurizon Mines Ltd. (TSX:ARZ)
(NYSE:AZK) (Aurizon), announced on March 4, 2013, and strongly urges
shareholders to reject the Alamos offer.

President and Chief Executive officer, Phillips S. Baker, Jr. said, "Our offer
is superior to the Alamos offer by CAD$0.27, based on yesterday’s closing
prices, and includes a 68% higher cash component. Tendering to the Alamos
offer risks depriving Aurizon shareholders of the premium our offer represents
as well as the significant upside we see in a Hecla-Aurizon combination.As a
North America focused precious metals producer, we believethe combined
company will deliver increased value well into the future."

Hecla’s arrangement agreement is superior to the unsolicited Alamos offer for
many reasons, included but not limited to:

  *Implied value is superior – Implied value of Hecla’s offer of CAD$4.55,
    based on closing prices on March 4, 2013, represents a CAD$0.27 premium to
    the current implied value of Alamos offer of C$4.28
  *Larger cash component – Hecla’s agreement has a 68% higher cash component
    than the Alamos offer
  *Superior business logic – the combined company will have low cost
    operating mines with long lives in mining friendly jurisdictions
  *Reduced operating risk – 120 years of mining experience, most of it in
    underground mines similar to Casa Berardi
  *Growth opportunities – enhanced exposure to exploration and
    pre-development projects

Separately, Aurizon today reiterated its recommendation that shareholders
support the Hecla transaction and do not tender into the Alamos offer or
withdraw tenders already made. Aurizon urged shareholders who have tendered to
immediately withdraw tendered shares.

Mr. Baker continued, “We believe that the combination of Aurizon and Hecla
provides the best opportunity for operational synergies and the creation of
lasting value for shareholders. The new company will have three long life low
cost assets in mining friendly jurisdictions. We have followed Aurizon and
Casa Berardi for the past 7 years and believe strongly in the asset, its
exploration upside, and the benefits of where the project is located. We
invite the Aurizon shareholders to join us as we build a leading diversified
silver and gold producer.”

About Hecla Mining Company

Hecla Mining Company (NYSE:HL) is a leading low cost U.S. silver producer with
operating mines in Alaska and Idaho, exploration and pre-development
properties in four world-class silver mining districts in the U.S. and Mexico,
and an exploration office and investments in early-stage silver exploration
projects in Canada.

Additional Information and Where to Find It

Thismaterialrelates to Hecla’s proposed acquisition (the “Transaction”) of
Aurizon. Shares of Hecla’s common stock (the “Hecla Shares”) issued in
connection with the proposed Transaction may be registered pursuant to a
registration statement to be filed with the SEC or issued pursuant to an
available exemption. This information is not a substitute for any registration
statement or any other document that Hecla may file with the SEC orthat it or
Aurizon may send totheir respective shareholders in connection with the
offerand/or issuance of Hecla Shares. Investors are urged to
readanyregistration statement, if and when filed, and all other relevant
documents that may be filed with the SECor with Canadian regulatory
authoritiesas and if they become available because they will contain
important information about the issuance of Hecla Shares. Documents, if and
when filedwith the SEC, will be available free of charge at the SEC’s website
(www.sec.gov). You may also obtain these documents by contacting Hecla’s
Investor Relations department at Hecla Mining Company; Investor Relations;
1-800-HECLA91 (1-800-432-5291); hmc-info@hecla-mining.com. This release does
not constitute an offer to sell or the solicitation of an offer to buy any

In connection with the proposed transaction,Aurizonwill fileproxy
soliciting materialswith the SECand/or Canadian regulatory authorities. The
information contained inany such filingmay not be complete and may
beupdated, amended orchanged. SHAREHOLDERS ARE URGED TO READ SUCH

Proxy solicitationmaterials will be mailed toAurizon’sshareholders seeking
their approval of the proposed transaction. Anyonemay also obtain a copy
ofsuch materials free of charge once available by directing a request to:
Hecla Mining Company 6500 N Mineral Drive, Suite 200, Coeur d’Alene, ID
83815-9408. 1-800-HECLA91 (1-800-432-5291) Attention: Investor Relations. In
addition,anyrelevant materials filed with the SEC will be available free of
charge at the SEC’s website at www.sec.gov or interested personsmay access
copies of such documentation filed with the SEC by the Company by visiting the
Investors section of the Company’s website at www.hecla-mining.com.

Cautionary Statements

Statements made which are not historical facts, such as anticipated payments,
litigation outcome, production, sales of assets, exploration results and
plans, prospects and opportunities including reserves, resources, and
mineralization, costs, and prices or sales performance are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Words such as “may”, “will”, “should”, “expects”, “intends”,
“projects”, “believes”, “estimates”, “targets”, “anticipates” and similar
expressions are used to identify these forward-looking statements.
Forward-looking statements involve a number of risks and uncertainties that
could cause actual results to differ materially from those projected,
anticipated, expected or implied. These risks and uncertainties include, but
are not limited to, risks associated with the completion of Transaction, the
risk that expected synergies or cost savings resulting from the Transaction
may not be achieved, metals price volatility, volatility of metals production
and costs, environmental and litigation risks, operating risks, project
development risks, political and regulatory risks, labor issues, ability to
raise financing and exploration risks and results. Refer to the company's Form
10-K and 10-Q reports for a more detailed discussion of factors that may
impact expected future results. The company undertakes no obligation and has
no intention of updating forward-looking statements other than as may be
required by law.

Similarly, please refer to the securities filings of Aurizon for further
information concerning risks applicable to it and its forward-looking


Hecla Mining Company
Jim Sabala, Sr. VP and CFO
Mike Westerlund, VP-Investor Relations
Investor Relations
Direct Main: 1-800-HECLA91 (1-800-432-5291)
Press spacebar to pause and continue. Press esc to stop.