Coeur Completes Acquisition of Orko Silver Corp.

  Coeur Completes Acquisition of Orko Silver Corp.

Business Wire

COEUR D’ALENE, Idaho -- April 16, 2013

Coeur d’Alene Mines Corporation (“Coeur”) (NYSE: CDE) (TSX: CDM) today
announced the completion of its acquisition of Orko Silver Corp. (“Orko”)
pursuant to its previously announced plan of arrangement.

“We are excited to complete the acquisition of Orko and look forward to
developing La Preciosa into a world-class silver mine that generates an
attractive rate of return for shareholders over a long mine life,” said
Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “I would
like to welcome Orko’s shareholders to Coeur and look forward to capitalizing
on our opportunities for building value in a disciplined way for all Coeur
shareholders.”

As a result of the completion of the arrangement, Coeur now owns all of the
issued and outstanding shares of Orko. As consideration, Coeur paid a total of
CAD $100 million in cash and issued an aggregate 11,572,918 common shares of
Coeur and 1,588,768 warrants to acquire common shares of Coeur.

Also as a result of the completion of the transaction, the Orko shares will be
de-listed from the TSX Venture Exchange. If they have not already done so,
registered Orko shareholders should complete and submit their letter of
transmittal, together with the certificate(s) representing their Orko shares
and any other required documents and instruments, to the depositary,
Computershare Trust Company of Canada, to receive the consideration to which
they are entitled under the plan of arrangement. Orko shareholders who hold
their Orko shares through a broker or other intermediary should contact that
broker or other intermediary for instructions and assistance in receiving the
consideration to which they are entitled under the plan of arrangement.

Former Orko shareholders with questions regarding the plan of arrangement can
contact Kingsdale Shareholder Services Inc. toll free in North America at
(888) 518-6812 or call collect outside North America at (416) 867-2272 or by
email at contactus@kingsdaleshareholder.com.

About Coeur

Coeur d'Alene Mines Corporation is the largest U.S.-based primary silver
producer and a growing gold producer. Coeur has four precious metals mines in
the Americas generating strong production, sales and cash flow in continued
robust metals markets. Coeur produces from its wholly owned operations: the
Palmarejo silver-gold mine in Mexico, the San Bartolomé silver mine in
Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine
in Alaska. Coeur also owns a non-operating interest in a mine in Australia,
and conducts ongoing exploration activities in Mexico, Argentina, Nevada,
Alaska and Bolivia. In addition, Coeur owns strategic investment positions in
eight silver and gold development companies with projects in North and South
America.

Cautionary Statement

The information contained in this news release contains forward-looking
statements within the meaning of securities legislation in the United States
and Canada, including, among others,statements regarding developing the La
Preciosa silver mine and its rate of return and mine life. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause Coeur’s actual results, performance or
achievements to be materially different from any future results, performance
or achievements expressed or implied by the forward-looking statements. Such
factors include, among others, the risks and hazards inherent in the mining
business (including environmental hazards, industrial accidents, weather or
geologically related conditions), changes in the market prices of gold and
silver, the uncertainties inherent in Coeur’s production, exploratory and
developmental activities, including risks relating to permitting and
regulatory delays and disputed mining claims, any future labor disputes or
work stoppages, the uncertainties inherent in the estimation of gold and
silver ore reserves, changes that could result from Coeur’s future acquisition
of new mining properties or businesses, reliance on third parties to operate
certain mines where Coeur owns silver production and reserves, the loss of any
third-party smelter to which Coeur markets silver and gold, the effects of
environmental and other governmental regulations, the risks inherent in the
ownership or operation of or investment in mining properties or businesses in
foreign countries, Coeur’s ability to raise additional financing necessary to
conduct its business, make payments or refinance its debt, as well as other
uncertainties and risk factors set out in filings made from time to time with
the U.S. Securities and Exchange Commission, and the Canadian securities
regulators, 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 third parties in respect of Coeur, its financial or operating results
or its securities.

Contact:

Coeur d'Alene Mines Corporation
Wendy Yang, 208-665-0345
Vice President, Investor Relations
or
Stefany Bales, 208-667-8263
Director, Corporate Communications
www.coeur.com
 
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