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INVESTOR ALERT: Kahn Swick & Foti, LLC and Partner Former Louisiana Attorney General Remind Investors With Large Financial Interests of Lead Plaintiff Deadline in Lawsuit Hecla Mining Company - HL

NEW ORLEANS, Feb. 3, 2012 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 2, 2012 to file lead plaintiff applications in a securities class action lawsuit against ("Hecla") (NYSE:HL), if they purchased the Company's common stock during the period between October 26, 2010 and January 11, 2012, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the District of Idaho.

What You May Do

If you purchased shares of Hecla and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn (lewis.kahn@ksfcounsel.com), toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (neil.rothstein@ksfcounsel.com), toll free at 877-694-9510, or via cell phone any time at 330-860-4092. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by April 2, 2012. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

About the Lawsuit

The complaint charges Hecla and certain of its officers and directors with violations of the Securities Exchange Act of 1934. According to the complaint, defendants knew but concealed from the investing public adverse facts, including that: (a) Hecla was not in compliance with safety regulations at its Lucky Friday mine; (b) Hecla had allowed material to build up in the mine shaft over a period of years, creating a dangerous conditions; (c) following the closure of the mine in December, Hecla would be unable to reestablish mining operations at the Lucky Friday mine by February 2012, as the Company had previously represented; (d) Hecla had improperly accounted for its contingent liabilities; and (e) based on the foregoing, defendants lacked a reasonable basis for their positive near-term guidance related to its operations.

According to the Complaint, it was only on January 11, 2012, that Hecla belatedly announced that its Lucky Friday mine would be closed for up to a year, and, as a result of this closure, the Company would reduce estimated silver production for 2012 from more than 9 million ounces to only 7 million ounces. On this news, Hecla shares declined almost $1.25 per share, to close at $4.61 per share on January 11, 2012 - a decline of over 20% in the single trading day.

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities class action and shareholder derivative litigation with offices in New York and Louisiana. KSF's lawyers have significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders.

To learn more about KSF, you may visit www.ksfcounsel.com.

CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner, 877-515-1850
or after hours via cell phone 504-301-7900
lewis.kahn@ksfcounsel.com
206 Covington St.
Madisonville, LA 70447