Company Overview Over 100 years of exploring, developing and mining precious and nonferrous metals Operate mines and process metals in the U.S., Mexico and Venezuela Headquartered in Coeur d’Alene, Idaho, with approximately 1300 workers globally Listed on the NYSE since rd largest precious metals company in the world

Silver (Ag) Gold (Au) Corporate Office Historic high-grade gold district La Camorra World Class Mining Districts Lucky Friday 1.2 Billion ounces of silver 500 years of silver production San Sebastian Nevada's gold trend Hollister Block World class ore body Greens Creek

2001 United States Venezuela 49% 42% 9% Mexico United States Venezuela 34% 36% 30% Mexico Revenue by Country 2003

Income Exposure by Country $ U.S.Venezuela Mexico -$5 $0 $5 $10 -$10 $ in millions

Non-Operating Expenditures Venezuela………………………….. $70 million –Mina Isidora –La Camorra shaft –Canaima –Exploration Mexico………………………………. $15 million –Exploration USA…………………………………… $45 million –Hollister Block –Lucky Friday –Greens Creek Over 2-3 Years

Acquired shares of Monarch Resources in 1999 Operate the La Camorra Mine Developing mines in Block B (Minerven) Current Situation Largest gold producer in Venezuela Largest private employer in the southern Bolívar State –500 direct employees –750 indirect employees –5000 beneficiaries Hecla Venezuela

Production & Costs

Net Income & Investment In millions Net IncomeInvestment Hecla Venezuela $115

Venezuela Caracas PuertoOrdaz Historic Gold District

Property Position N EL DORADO TUMEREMO EL MIAMO GUASIPATI PASTORA GREENSTONE BELT EL CALLAO CUYUNI RIVER EL DORADO CONCESSIONS BOTANAMO GREENSTONE BELT MINERVEN CONCESSIONS Block ‘B’ Mina Isidora Canaima La Camorra Caracas PuertoOrdaz MAP AREA Mina Tomi (Crystallex) Mineria MS Revemin (Crystallex) Mina Colombia (Minerven) La Victoria (Crystallex) Hecla Venezuela

Growth At Depth ,000E 10,200E 10,400E Probable Inferred Definition Drilling To be explored from u/g or Devico Explore observed trend eastward La Camorra Mother Hole In Progress

La Camorra Shaft Project Plans for the Future

RIO CUYUNI TUMEREMO 55km EL DORADO 10km NIÑA VI EMILIA II NIÑA III EL PLACER NIÑA II YESSICA NIÑA IV NIÑA VII LA MEDUSA CANAIMA SUDOR NIÑA I LA CAMORRA 1.0 Km N Canaima Esperanza Resortera CVG Exploration Contract Exploitation Concession EMILIA I Pescador Marta Rosita Isbelia Betzy SAN RAFAEL Main BELKYS La Camorra Land Position Hecla Venezuela

Hecla Property Position N EL DORADO TUMEREMO EL MIAMO GUASIPATI PASTORA GREENSTONE BELT EL CALLAO CUYUNI RIVER EL DORADO CONCESSIONS BOTANAMO GREENSTONE BELT MINERVEN CONCESSIONS Block ‘B’ Mina Isidora Canaima La Camorra Caracas PuertoOrdaz MAP AREA Mina Tomi (Crystallex) Mineria MS Revemin (Crystallex) Mina Colombia (Minerven) La Victoria (Crystallex) Hecla Venezuela

El Callao Gold Mining District M E T E R S Block ‘A’ Block ‘B’ Sosa Mendez Colombia Caratal Mill Revemin Mill Santa Barbara Airport EL CALLAO N Laguna Santa Rita El Peru Mill Panama Ceniceros Chile Hecla Venezuela

Plans for the Future Mina Isidora

Sampling Plant El Callao AUTOMATIC SAMPLING UNIT PRIMARY CONE CRUSHER STACKING BELT VIBRATING SCREENS PRIMARY FEED BELT STOCKPILE OF 3, ,000 TONNES READY FOR SAMPLING Plans for the Future

Ministry of Energy and Mines Ministry of the Environment Department of the Defense SENIAT (Internal Revenue Service) Corporacion Venezolana de Guayana (CVG) CVG Minerven Ministry of Foreign Affairs Local Communities Small Miners Who We Work With Partners for Success

Crusher Project Block B Small Miner Areas Small Miners Who We Work With

Social Geological Legal HECLA FinancialTechnical Environmental Small Miners Who We Work With

Small Miner Support - Mina Panama Pozo 2 Ventilation

Small Miner - Support Isbelia Headframe

Small Miner Support – Mina Panama Pozo 4 HEADFRAME

Public Services HECLA Education Health Employees Housing Social Investments

Mission Barrio Adentro Mision Robinson Mision Piar Social Investments – In Participation with Government

Community Achievements

Community Involvement – First Quarter 2004

Community Involvement - Water Delivery

Monarch Legacy Issues Resource Replacement Small Miners Customs Challenges Venezuela

Brought new technology & specialized ability to Venezuela –Turned unprofitable into profitable operations –Generated a return for Hecla & Venezuela Expect to almost double our investment in the next two years Past success & partners’ support will allow us to overcome the challenges Conclusion Venezuela