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Press release from Business Wire

Coeur d'Alene Mines Acquires Shares in Huldra Silver Inc.

Tuesday, August 07, 2012

Coeur d'Alene Mines Acquires Shares in Huldra Silver Inc.08:15 EDT Tuesday, August 07, 2012 COEUR D'ALENE, Idaho (Business Wire) -- Coeur d'Alene Mines Corporation (“Coeur”) (NYSE:CDE)(TSX:CDM) today announced that it has agreed to acquire 1,851,852 common shares (the “Shares”) of Huldra Silver Inc. (“Huldra”) (TSXV: HDA) at a purchase price of C$1.08 per Share, for total consideration of C$2 million. The Shares will be acquired pursuant to a subscription agreement as part of private placement transaction of Huldra issuing in the aggregate 2,777,777 Shares. Prior to the acquisition of the Shares, Coeur and its affiliates and joint actors held 1,905,000 Shares and warrants to acquire an additional 1,905,000 Shares. After giving effect to the acquisition, Coeur will own and control 3,756,852 Shares, representing approximately 8.8% of the issued and outstanding Shares based on information provided to Coeur by Huldra. On a fully diluted basis, based on information provided to it, Coeur believes it will own and control 12.7% of all Shares of Huldra. The acquisition of the Shares is being made for investment purposes. Depending on the market and other conditions, Coeur may, from time to time, increase or decrease its ownership, control or direction over the Shares and/or other securities of Huldra. The Shares will be acquired in reliance on the “accredited investor” exemption from the prospectus and registration requirements of applicable securities laws pursuant to National Instrument 45-106 (“NI 45-106”). Coeur is an “accredited investor” under NI 45-106. Cautionary Statement Certain of the statements made and information contained herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning Coeur's intentions with respect to future arrangements with Huldra. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of Coeur and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Coeur undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of Coeur, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. About Coeur Coeur d'Alene Mines Corporation is the largest U.S.-based primary silver producer and a growing gold producer. The Company built and commenced production from three wholly-owned, long-lived mines between 2008 and 2010: the San Bartolomé silver mine in Bolivia, the Palmarejo silver-gold mine in Mexico and the Kensington gold mine in Alaska. Further production has commenced from a new heap leach pad at Coeur's long-time Rochester silver-gold mine in Nevada. The Company also owns and operates the Martha silver-gold mine in Argentina and owns a non-operating interest in a silver-base metal mine in Australia. Coeur conducts ongoing exploration activities near and within its operating properties in Argentina, Mexico, Alaska, Nevada and Bolivia. In addition, Coeur owns strategic minority shareholdings in seven silver and gold development companies in North and South America. Coeur d?Alene Mines CorporationWendy Yang, Vice President of Investor Relations208-665-0345orStefany Bales, Director of Corporate