Coeur Discovers High-Grade Mineralization

CHICAGO - Coeur Mining, Inc. reported high-grade drill results today from its Kensington gold mine in Alaska, including at the nearby Jualin zone.

Coeur expects to complete a new resource estimate for Kensington to incorporate these results by year-end 2014 and anticipates releasing a new mine plan in early 2015. The new mine plan is expected to reflect higher-grade production, lower unit costs, and higher cash flow over the life of the mine.

Drilling has encountered high-grade gold in Kensington South (Zones 10 and 20) immediately beneath current production areas, 100 to 200 feet away from current mine development. Several holes have returned grades greater than 1.0 oz/ton gold. Grade and thickness of mineralization is improving at depth and to the southern portion of the ore body. The zones are open in all directions.

Drilling activity in Jualin Veins 4 and 5 has encountered several multi-ounce gold intercepts. Underground development at Jualin is planned for 2015 and production from Vein 4 is expected to begin in 2017. Vein 4 is open in all directions.

The renewed focus of our drilling program at Kensington has discovered high-grade mineralization to enhance the economics of the mine, resulting in a considerable number of drill holes containing multi-ounce gold intercepts, said Hans Rasmussen, Coeur╒s Vice President, Exploration.

Frank Hanagarne, Coeur╒s Senior Vice President and Chief Operating Officer, said, Operating consistency has improved at Kensington in the past two years, which has allowed us to increase our effort on exploration and long-term planning. The discovery at Jualin has the potential to significantly boost production grades, reduce unit costs, and increase free cash flow.