Hecla Reports Labor Strike at Lucky Friday - Hecla Mining (NYSE:HL)

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Hecla Mining Company (((

" we="" are="" disappointed="" in="" usw="" local="" 5114's="" decision="" to="" walk="" out,="" because="" this="" benefits="" no="" one="" –="" not="" the="" workers,="" their="" families,="" communities="" or="" company,"="" said="" phillips="" s.="" baker,="" jr.,="" hecla's="" president="" and="" ceo.="" "lucky="" friday="" has="" been="" an="" important="" part="" of="" economy="" for="" nearly="" years,="" providing="" jobs="" with="" above-average="" wage="" plus="" benefits."="" <="" p=""> Mr. Baker continued, "Our last, best and final offer provides competitive benefits but also provides the flexibility necessary to operate the mine successfully in a changing economic and regulatory environment. Since the Lucky Friday is our highest cost mine, the changes will allow costs to improve. While it is unfortunate Local 5114 has taken this action, we believe that with Hecla's cash flow, and strong treasury, the strike will not have a material impact on our financial position."

ABOUT HECLA

Cautionary Statements Regarding Forward Looking Statements

Statements made or information provided in this news release that are not historical facts are " forward-looking="" statements"="" within="" the="" meaning="" of="" private="" securities="" litigation="" reform="" act="" and="" "forward-looking="" information"="" canadian="" laws.="" words="" such="" as="" "may",="" "will",="" "should",="" "expects",="" "intends",="" "projects",="" "believes",="" "estimates",="" "targets",="" "anticipates"="" similar="" expressions="" are="" used="" to="" identify="" these="" statements.="" statements="" or="" information="" include="" regarding="" estimates="" silver="" production="" for="" on="" a="" consolidated="" basis="" at="" each="" greens="" creek,="" lucky="" friday="" san="" sebastian="" mines,="" annual="" gold="" casa="" berardi,="" fourth="" quarter="" production.="" material="" factors="" assumptions="" develop="" that="" company's="" plans="" development="" will="" proceed="" expected="" not="" require="" revision="" result="" risks="" uncertainties,="" whether="" known,="" unknown="" unanticipated,="" which="" operations="" subject.="" <="" p=""> Forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production and costs, litigation, regulatory and environmental risks, operating risks, project development risks, political risks, labor issues, ability to raise financing and exploration risks and results. Refer to the Company's Form 10K and 10-Q reports for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation and has no intention of updating forward-looking statements other than as may be required by law.

Cautionary Statements Regarding Forward Looking Statements

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