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Coeur Announces Contractor Awards to Alaska Firms

Alaska Firms to Construct Remaining Tailings Facility Construction at Kensington Mine

JUNEAU, Alaska - Coeur Alaska announced today that it has awarded the principal civil and piping contract to a joint venture between AIC, an Alaska-based contractor, and Kake Tribal Corporation, an Alaska Native corporation, for the Kensington Gold Mine tailings facility, the only remaining item to be constructed at the mine. The electrical work for the project is being awarded to ALCAN Electrical & Engineering, Inc., based out of Juneau. Both ALCAN and the AIC/Kake Tribal joint venture are available for immediate mobilization of personnel. Once construction of the facility is complete, the mine expects to begin production in the third quarter of 2010.

"We are pleased to make this award to these highly skilled Alaska-based union contractors and look forward to bringing Kensington into production next year," said Tom Henderson, Vice-President and General Manager of Kensington. The mine is expected to employ up to 300 workers during remaining construction, and approximately 200 during operations.

August 21, 2009