Coeur Reminds Shareholders to Vote FOR Matters Related to Proposed Acquisition of Bolnisi and Palmarejo

    Combination Creates the World's Undisputed Leader in Silver

    COEUR D'ALENE, IDAHO, November 12 /CNW/ - Coeur d'Alene Mines Corporation
(NYSE:  CDE) (TSX:CDM) recently sent the following letter to its shareholders in
connection with its proposed acquisitions of Bolnisi Gold NL and Palmarejo
Gold and Silver Corporation.

    Dear Fellow Shareholder:

    We have previously mailed to you proxy materials in connection with the
Special Meeting of Shareholders of Coeur d'Alene Mines Corporation ("Coeur" or
the "Company") to be held on December 3, 2007. Your vote is important
regardless of the number of Coeur shares you own.

    Please vote your proxy today by telephone, via the Internet or please
sign, date and mail your proxy in the postage-paid envelope provided.

    On May 3, 2007, Coeur announced that it had entered into merger
agreements with Bolnisi Gold NL and Palmarejo Silver and Gold Corporation in a
transaction which will position the new Coeur as the world's undisputed leader
in silver. As described in detail in the proxy statement previously sent to
you, your board and management believe that the merger transaction offers
compelling benefits for shareholders of Coeur.

    At the Coeur special meeting, shareholders are being asked to consider
and vote upon a proposal to amend Coeur's articles of incorporation to
increase the authorized shares of Coeur common stock, to issue shares of
common stock to shareholders of Bolnisi and Palmarejo and to approve the
adjournment or postponement of the special meeting, if necessary or
appropriate, to solicit additional proxies if there are insufficient votes at
the time of the special meeting to adopt any of the foregoing proposals.

    Coeur's Board of Directors has unanimously approved the amendment to
Coeur's articles of incorporation and the issuance of Coeur common stock in
the transactions. Accordingly, the Board of Directors unanimously recommends
that Coeur shareholders vote FOR proposals 1, 2 and 3.

    The vote of all shareholders is important. Please submit your vote in
this important matter -by voting by telephone, via the Internet, or by
signing, dating and returning the enclosed proxy or voting instruction form in
the postage-paid return envelope provided. Please act today to vote your
shares and participate in the affairs of your company. On behalf of your board
of directors, thank you for your cooperation and continued support.


    /s/ Dennis E. Wheeler

    Chairman of the Board, President and

    Chief Executive Officer


    Please help your Company save additional solicitation costs by signing,
dating and mailing your proxy card or voting instruction form today. Internet
and telephone voting are also available. The Company reminds its shareholders
that there are three easy ways to vote. You may use one of the following
simple methods to vote your shares:

    1. Vote by Telephone. Call the toll-free number listed for this purpose
on your proxy card or voting instruction form. Have your control number listed
on the form ready and follow the simple instructions.

    2. Vote by Internet. Go to the website listed on your proxy card or
voting instruction form. Have your control number listed on the form ready and
follow the simple instructions.

    3. Vote by Mail. Mark, sign, date and return your proxy or voting
instruction form in the postage-paid return envelope provided.

    Street name shareholders: your bank or broker cannot vote your shares on
the proposals unless it receives your specific instructions. Please return
your voting instruction form immediately, or vote by telephone or the
Internet. If you have any questions or need assistance voting your shares,
please call D. F. King & Co., Inc., which is assisting Coeur, toll-free at

    Cautionary Statement

    This press release contains forward-looking statements within the meaning
of securities legislation in the United States and Canada, including
statements regarding the terms and conditions of the proposed transaction and
anticipated operating results. Such statements are subject to numerous
assumptions and uncertainties, many of which are outside the control of Coeur,
Bolnisi or Palmarejo, as the case may be. Operating, exploration and financial
data, and other statements in this press release are based on information that
Coeur, Bolnisi or Palmarejo, as the case may be, believes is reasonable, but
involve significant uncertainties affecting the business of Coeur, Bolnisi or
Palmarejo, as the case may be, including, but not limited 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 future acquisitions 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 filings made from time to time with the SEC and the Ontario Securities
Commission, including, without limitation, Coeur's reports on Form 10-K and
Form 10-Q and Palmarejo's Annual Information Form. Additionally, there are
risks that the parties will not proceed with the proposed transaction, that
the ultimate terms of the proposed transaction will differ from those that
currently are contemplated, and that the proposed transaction will not be
successfully completed for any reason (including the failure to obtain the
required approvals or clearances from regulatory authorities). 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, Bolnisi and Palmarejo disclaim any intent or obligation to
update publicly such forward-looking statements, whether as a result of new
information, future events or otherwise. Additionally, Coeur, Bolnisi and
Palmarejo undertake no obligation to comment on analyses, expectations or
statements made by third parties in respect of Coeur, Bolnisi and Palmarejo,
their financial or operating results or their securities or the proposed

    Additional Information

    The definitive proxy statement that Coeur has filed with the United
States Securities and Exchange Commission ("SEC") and Canadian securities
regulators and mailed to its shareholders contains information about Coeur,
Bolnisi, Palmarejo, the Palmarejo Project, the proposed transaction and
related matters. Shareholders are urged to read the definitive proxy statement
carefully, as it contains important information that shareholders should
consider before making a decision about the proposed transaction. In addition
to receiving the definitive proxy statement from Coeur by mail, shareholders
may also obtain the definitive proxy statement, as well as other filings
containing information about Coeur, without charge, from the SEC's website
( and the Canadian securities regulators' website (
or, without charge, from Coeur. Coeur and its executive officers and directors
may be deemed to be participants in the solicitation of proxies from Coeur's
shareholders with respect to the proposed transaction. Information regarding
any interests that Coeur's executive officers and directors may have in the
proposed transaction is set forth in the definitive proxy statement. The Coeur
shares to be issued in the proposed transaction have not been and will not be
registered under the Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an applicable
exemption from registration requirements. Coeur intends to issue such Coeur
shares pursuant to the exemption from registration set forth in Section
3(a)(10) of the Securities Act.

For further information:

For further information: Coeur d'Alene Mines Corporation Director -
Investor Relations Tony Ebersole, 208-665-0777 or Senior Vice President -
Corporate Development Mitchell J. Krebs, 888-545-1138

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