Coeur Announces Settlement of Outstanding Rochester Claims Dispute

  Coeur Announces Settlement of Outstanding Rochester Claims Dispute

Company Anticipates Announcing Rochester Expansion Plans and Reserve Increases
                         During the Second Half 2013

Business Wire

CHICAGO -- June 25, 2013

Coeur Mining, Inc. (the “Company” or “Coeur”)  (NYSE: CDE) (TSX: CDM)
announced today it has settled the outstanding claims dispute at its Rochester
silver and gold mine in Nevada with Rye Patch Gold US Inc. and Rye Patch Gold
Corp. (“Rye Patch”) for $10 million in cash plus a 3.4% net smelter royalty
(“NSR”) covering 39.4 million silver equivalent ounces of net metal sales. In
exchange, Rye Patch will transfer its mining claims involved in the dispute to
Coeur Rochester, Inc., a wholly-owned subsidiary of Coeur. The settlement
transactions are expected to close by June 28, 2013, and are not subject to
any significant external closing conditions.

This NSR is payable from Rochester production and sales beginning January 1,
2014 and is expected to be completed in approximately four years. There is no
minimum payment obligation under the NSR.

As part of the settlement, Coeur also granted Rye Patch the option to acquire
Coeur’s Blue Bird patented, federal mining claim, which is situated two miles
west of Rochester and is adjacent to Rye Patch’s Lincoln Hill exploration
property. This claim is about 19.5 acres in size and is not strategic to the
Company’s Rochester operation. Rye Patch has until 10 days after closing to
exercise the option to acquire Blue Bird.

“Although we remain confident in our legal position, we believe our
stockholders are best served by achieving a commercial solution to this
ongoing litigation,” stated Mitchell J. Krebs, Coeur’s President and Chief
Executive Officer. “Rochester has the potential to once again become one of
the world’s great silver and gold operations. It’s unfortunate that this
claims dispute arose in late 2011, but we’re pleased to have it behind us so
we can focus on realizing the full potential of this asset.”

The Company expects to announce its plans to further expand Rochester
production rates and anticipates providing an updated silver and gold reserve
estimate later in 2013.

As of December 31, 2012, Rochester’s proven and probable reserves totaled 79.9
million tons containing approximately 44.9 million ounces of silver and
308,000 ounces of gold. In addition to these reserves, Rochester reported
year-end measured and indicated resources of 264.3 million tons containing
120.7 million ounces of silver and 865,000 ounces of gold. Inferred resources
totaled an additional 45.6 million tons containing 27.2 million ounces of
silver and 123,000 ounces of gold. (Please refer to the Appendix Table for
related grades for mineral reserves and resources.)

In addition to these in-situ reserves and resources, Coeur estimates
approximately 150 million tons of stockpile material at Rochester. These
stockpiles represent historic waste rock generated over the past 26 years of
mining activity at Rochester. Due to substantially higher silver and gold
prices today compared to when the stockpile material was initially mined,
Coeur believes the stockpiles represent an excellent, low-cost opportunity to
add to the Company’s reserves. Accordingly, Coeur commenced drilling and
sampling in 2012 to quantify this potential and this program continues in
2013. As of December 31, 2012, 34.2 million tons of Rochester’s proven and
probable reserves, 3.3 million tons of measured and indicated resources and
5.6 million tons of inferred resources were derived from stockpile material.
To date, drilling has taken place on just two of six historic stockpiles.

Rochester produced 2.8 million ounces of silver and 38,066 ounces of gold in
2012 at average cash operating costs of $9.62 per silver ounce.

About Coeur

Coeur Mining, Inc. is the largest U.S.-based primary silver producer and a
growing gold producer. The Company has four precious metals mines in the
Americas generating strong production, sales and cash flow. 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. The Company also has a
non-operating interest in the Endeavor mine in Australia. In addition, the
Company has two silver-gold feasibility stage projects – the La Preciosa
project in Mexico and the Joaquin project in Argentina. The Company also
conducts ongoing exploration activities in Mexico, Argentina, Nevada, Alaska
and Bolivia. The Company owns strategic investment positions in eight silver
and gold development companies with projects in North and South America.

Cautionary Statement

This news release contains forward-looking statements within the meaning of
securities legislation in the United States and Canada, including statements
regarding anticipated operating results, production levels, mineral reserve
growth, exploration results, and planned expansions. 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 risk that permits necessary for the planned Rochester
expansion may not be obtained, 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, 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, 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 United States Securities and Exchange
Commission, and the Canadian securities regulators, including, without
limitation, Coeur's most recent 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

Donald J. Birak, Coeur's Senior Vice President of Exploration and a qualified
person under Canadian National Instrument 43-101, supervised the preparation
of the scientific and technical information concerning Coeur's mineral
projects in this news release. For a description of the key assumptions,
parameters and methods used to estimate mineral reserves and resources, as
well as data verification procedures and a general discussion of the extent to
which the estimates may be affected by any known environmental, permitting,
legal, title, taxation, socio-political, marketing or other relevant factors,
please see the Technical Reports for each of Coeur's properties as filed on

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 may use certain terms in public disclosures,
such as "measured," "indicated," "inferred” and “resources," that are
recognized by Canadian 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 secured from us, or from the SEC's website at

Non-U.S. GAAP Measures

We supplement the reporting of our financial information determined under
United States generally accepted accounting principles (U.S. GAAP) with
certain non-U.S. GAAP financial measures, including cash operating costs. We
believe that these adjusted measures provide meaningful information to assist
management, investors and analysts in understanding our financial results and
assessing our prospects for future performance. We believe these adjusted
financial measures are important indicators of our recurring operations
because they exclude items that may not be indicative of, or are unrelated to
our core operating results, and provide a better baseline for analyzing trends
in our underlying businesses. We believe cash operating costs is an important
measure in assessing the Company's overall financial performance.

APPENDIX Table 1: Rochester Mineral Reserves and Resources at Year-End 2012

Mineral Reserves - Year-end 2012
                   Short Tons   Ave Grade (oz/ton)   Contained Ozs (000)
                     (000)          Ag       Au            Ag          Au
deposit in-situ
Proven and           45,733         0.60        0.005      27,262         227
Rochester area
Proven and           34,190         0.52        0.002      17,634         81
Total Proven and     79,923         0.56        0.004      44,896         308
Probable in-situ
Mineral Resources (Exclusive of Mineral Reserves) - Year-end 2012
                     Short Tons     Ave Grade (oz/ton)     Contained Ozs (000)
                     (000)          Ag       Au            Ag          Au
deposit in-situ
Measured and         220,187        0.44        0.003      97,070         762
Inferred             31,507         0.64        0.003      20,288         88
Nevada Packard
deposit in-situ
Measured and         40,773         0.53        0.002      21,510         96
Inferred             8,569          0.45        0.003      3,836          23
Rochester area
Measured and         3,323          0.64        0.002      2,137          7
Inferred             5,567          0.55        0.002      3,077          12
Total Mineral
Measured and         264,283        0.46        0.003      120,717        865
Inferred           45,643       0.60      0.003    27,201       123

Footnotes to the Mineral Reserves and Resources Table:
1.   Metal prices used for mineral reserves were $27.50 per ounce of silver
       and $1,450 per ounce of gold.
2.     Metal prices used for mineral resources were $33.00 per ounce of silver
       and $1,700 per ounce of gold.
3.     Mineral resources are in addition to mineral reserves and have not
       demonstrated economic viability.
       Rounding of tons and ounces, as required by reporting guidelines, may
4.     result in apparent differences between tons, grade and contained metal


Coeur Mining, Inc.
Wendy Yang, Vice President, Investor Relations
(208) 665-0345
Stefany Bales, Director, Corporate Communications
(208) 667-8263
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