AMENDMENT NO. 1 TO ASSET PURCHASE AGREEMENT

Exhibit 2.1

AMENDMENT NO. 1 TO ASSET PURCHASE AGREEMENT

This Agreement No. 1 to Asset Purchase Agreement (this “ Amendment ”) is made as of this August 12, 2008 by and among Independence Lead Mines Company, an Arizona corporation (“ Independence ”), Hecla Mining Company, a Delaware corporation (“ Hecla ”) and Hecla Merger Company, a Delaware corporation (“ Buyer ”), each of whom is referred to as a “Party,” and collectively, the “Parties.”

Recitals

WHEREAS, the Parties previously entered into that certain Asset Purchase Agreement dated as of February 12, 2008 (the “ Purchase Agreement ”);

WHEREAS, the Parties now desire to extend the termination date under Section 8.1(ii) of the Purchase Agreement;

Agreements

NOW, THEREFORE, BE IT RESOLVED, that the Parties agree, and the Purchase Agreement is hereby amended, as follows:

1. Amendment . Section 8.1(b)(ii) of the Pur