Coeur Announces Additional High-Grade Drill Results at Cerro Bayo Mine.

COEUR D'ALENE, Idaho -- Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) today announced updated exploration results at its Cerro Bayo Mine in Chile, where the accelerated drilling program on the company's large land holdings has continued to return consistently high-grade silver and gold intercepts close to the mine's processing facilities.

The recent results are a continuation of the full-year $4.7 million program in 2007, which through the first six months of the year increased mineral reserve levels at Cerro Bayo by 51% over 2006 year-end levels. Due to the high grade nature of the new vein intercepts and their proximity to the processing facilities, permitting for underground access and future mine development has started.

Exploration in the Cerro Bayo district has focused on five new major veins, discovered over the last four months of this year, located about one kilometer east of the Cerro Bayo ore processing facility. Nearly 10,000 meters of core drilling have been completed on Dagny, the parallel Fabiola vein, which lies about 250 meters to the east of Dagny, and the Dalila and Yasna veins in the same area. The Coyita vein, located about 300 meters to the east of Fabiola, is scheduled for initial drilling in October.

The drill-defined mineralized body at Dagny is now over 600 meters long and nearly 150 meters in vertical height. Mineralization is still open for expansion to the southeast. At the parallel Fabiola vein, the drill-defined body is currently about 350 meters in strike length and about 120 meters in height. Mineralization is open both to the southeast and northwest and at depth.

In addition, results from initial drilling on Yasna and Dalila discovered ore-grade mineralization in those veins with the most significant results to-date being 2.43 drill meters averaging 0.96 grams of gold per tonne (g/t) and 391 grams of silver per tonne in Yasna, and 0.43 drill meters averaging 59.12 grams of gold per tonne and 1,250 grams of silver per tonne in Dalila.

A list of all analytical results received from recent core sampling follows.

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Geologic maps showing the location of the new veins will be posted on Coeur's website, www.coeur.com, under the "Properties" section.

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Mineral Resources are in addition to mineral reserves and have not demonstrated economic viability.

Please refer to technical reports on file at www.sedar.com for details on mineral resource and mineral reserve estimation, cut-off grade calculations and other factors.

Coeur d'Alene Mines Corporation is one of the world's leading primary silver producers and a growing gold producer. The company has mining interests in Alaska, Argentina, Australia, Bolivia, Chile, Nevada, and Tanzania.

Cautionary Statement: Company press releases may contain numerous forward-looking statements within the meaning of securities legislation in the United States and Canada relating to the company's silver and gold mining business. Such statements are subject to numerous assumptions and uncertainties, many of which are outside the company's control. 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, construction schedules, currency exchange rates, and 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 and the Ontario Securities Commission, 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 such forward-looking statements, whether as a result of new information, future events or otherwise. Donald J. Birak, Coeur's Senior Vice President of Exploration, is the qualified person responsible for the preparation of the scientific and technical information in this document. Mr. Birak has reviewed the available data and procedures and believes the collection of exploration data and calculation of mineral reserves reported in this document was conducted in a professional and competent manner. For a description of the key assumptions, parameters and methods used to estimate mineral reserves and resources, as well as 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 project as filed on SEDAR at www.sedar.com.