Coeur d'Alene Mines Corporation Announces 2004 Form 10-K Filing: Reduced Expected Benefit of Net Operating Loss Carryforwards COEUR D'ALENE, Idaho, March 30 /PRNewswire-FirstCall/ -- Coeur d'Alene Mines Corporation (NYSE:CDENYSE:TSX:NYSE:CDM) today announced the expected filing with the Securities and Exchange Commission of its Annual Report on Form 10-K for 2004. The Company has received an unqualified opinion on its 2004 financial statements. Management's assessment pursuant to Section 404 of the Sarbanes-Oxley Act reported certain material weaknesses in the Company's system of internal controls and it plans to remediate all reported weaknesses. The Company booked a net $4.7 million ($0.02 per share) non-cash, deferred tax adjustment to its previously released, unaudited financial statements for 2004. The net deferred tax adjustment resulted primarily from a reduction in the expected future effective tax rate used in connection with the valuation allowance for deferred tax assets. As a result of the adjustment, net loss for 2004 increased from $12.2 million ($0.06 per share) to $16.9 million ($0.08 per share). Net cash flow was not affected. Net income for the fourth quarter of 2004 decreased from $13.0 million ($0.05 per diluted share) to $8.3 million ($0.03 per diluted share). Operating income remained unchanged at $1.8 million. Coeur d'Alene Mines Corporation is the world's largest primary silver producer, as well as a significant, low-cost producer of gold. Coeur has mining interests in Nevada, Idaho, Alaska, Argentina, Chile and Bolivia. Cautionary Statement This document contains 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, 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 these forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Tony Ebersole, Director of Investor Relations of Coeur d'Alene Mines Corporation, 800-523-1535. DATASOURCE: Coeur d'Alene Mines Corporation CONTACT: Tony Ebersole, Director of Investor Relations of Coeur d'Alene Mines Corporation, 800-523-1535 Web site: http://www.coeur.com/

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