Coeur to Build Mill at Existing Mine in Argentina

    COEUR D'ALENE, IDAHO, March 21 /CNW/ - Coeur d'Alene Mines Corporation
(NYSE:  CDE) (TSX:CDM) announced today that it will construct a flotation mill
at the company's Martha mine in the province of Santa Cruz, Argentina, at a
cost of $13.9 million. The design of the mill would accommodate annual silver
production of as much as 3 million ounces. Completion is expected by the end
of the year.

    The company's continued success in expanding the high-grade reserves and
resources at Martha, as well as the mine's significant exploration upside, are
key reasons for deciding to create a standalone operation at Martha. As
previously announced, Martha reported a 50 percent increase in proven and
probable silver mineral reserves as of the end of 2006 as compared to 2005.

    In 2006, the average grade of proven and probable silver mineral reserves
also increased, to more than 61 ounces of silver per ton, which ranks among
the world's highest silver grades. Additionally, in 2006, the company acquired
interests in four highly prospective silver-gold exploration properties in
Santa Cruz and has budgeted more than $4.6 million for exploration in Santa
Cruz in 2007.

    The mill also will enable Martha to reduce its cash operating cost by
processing ore on site. Currently, Martha's ore is processed at the company's
Cerro Bayo facilities in Chile. In 2006, Martha produced approximately 2.7
million ounces of silver and more than 3,400 ounces of gold.

    Dennis E. Wheeler, Coeur's Chairman, President, and Chief Executive
Officer, said, "Not only does the mill create value for the company, but it
will provide new jobs and generate positive economic activity in the region,
where mining continues to be of growing importance. In addition, we are
particularly pleased and grateful to have the support of the provincial
government and federal mining authorities as we begin to move forward with
this project."

    Coeur originally acquired Martha in 2002 for $2.5 million. Since that
time, the company has mined more than 9.5 million ounces of silver there.

    Coeur d'Alene Mines is one of the world's leading primary silver
producers and has a strong presence in gold. 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

For further information:

For further information: Coeur d'Alene Mines Corporation Scott Lamb,

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