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TAHOE REPORTS 2013 RESULTSUpdates Escobal Project
and Provides Reorganization Details

VANCOUVER, B.C. (March 13, 2014)  Tahoe Resources Inc.(TSX: THO, NYSE: TAHO) today reported financial results for the year ending
December 31, 2013, and provided a production update for its flagship Escobal
silver mine in Guatemala.

Tahoe President and CEO Kevin McArthur said, We are very
pleased with corporate performance through the end of 2013. Capital spending to
complete the Escobal mine came in very close to our initial estimates and we
were able to declare on-time commercial production, effective January 1,
2014.

Highlights for 2013 include (all amounts in U.S. dollars unless
otherwise stated):

- Net earnings/(loss) for the year amounted to ($65.6 million) or ($0.45)
  per share.
- Cash and equivalents at year-end were $8.8 million.
- Cash outflow from operating activities amounted to $65.5 million.
- Corporate general and administrative (G&A) expense amounted to $13.8
  million, excluding non-cash share-based compensation of $5.7 million.
- Exploration expenses amounted to $5.3 million.
- The first precious metal concentrate shipment was on October 15, 2013.

During 2013, the Company incurred $36.4 million in Escobal
project expenses. Upon receipt of the exploitation permit in April 2013, the
Company commenced capitalization of underground expenses associated with the
Escobal project. For the year, the Company capitalized construction and
sustaining costs of $45.6 million relating to underground infrastructure and
development, as well as $124.6 million relating to surface infrastructure.
Pre-operating revenues in excess of expenses of $9.3 million were credited back
to the project during the year.

Complete financial results as well as the Companys
managements discussion and analysis and other filings will be filed on SEDAR
(www.sedar.com) and the Companys website (www.tahoeresourcesinc.com).

Escobal Production

Wet commissioning of the mill and initial production of
concentrates began at the end of the third quarter of 2013. The first precious
metal concentrate shipment was made on October 15, and production ramp-up
proceeded smoothly throughout the quarter.

At December 31, 2013, access to approximately 262,000 tonnes of
mill feed was fully developed underground and an additional 64,000 tonnes were
stored on the surface stockpile. Primary development was completed for
approximately five years of mill feed.

Mill throughput during the fourth quarter was 159,200 tonnes
with average grades of 483 grams of silver per tonne, 0.54 grams of gold per
tonne, 0.66% lead and .96% zinc. Silver grade mined was slightly better than
predicted by the resource model. Due to the very small population of data seen
to date, the Company cautions against extrapolating these results over the
remaining 18-year mine life.

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Fourth Quarter 2013 Production Numbers

Silver Oz.
    Gold
      Oz.
    Lead
      Tonne
    Zinc
      TonneProduction (Metals
      in Concentrate)
    2,061,220
    1,957
    818
    865Sales
    1,367,350
    1,372
    489
    395


During 2013 commissioning, 2,723 tonnes of concentrate were
shipped and sold to third parties. Revenue generated from concentrate sales of
$28.0 million was offset by $18.7 million of production costs and the net was
credited against mineral property, land, plant and equipment, as commercial
production had not yet commenced.

The Company anticipates producing between 18 and 21 million
ounces of silver in concentrates in 2014 at an all-in sustaining cost of less
than $10.00 per ounce (see press release dated November 12, 2013 and cautionary
note below). The Company has guided that 2014 production will not be divided
equally over the four quarters of 2014. Ramp-up of production will continue
during the first half while the paste plant optimization is underway.
Consequently, production in the first half of the year is expected to be lower
than that of the second half, and costs in the first half are expected to be
slightly higher.

Reorganization

Effective immediately, organizational changes have been
approved by the Tahoe Board of Directors in order to recognize high achievement
and to provide for optimum 2014 and future operations.

Kevin McArthur has been appointed vice chair and CEO. Mr.
McArthur continues his daily corporate responsibilities and will focus on
strategic initiatives, corporate communications and board governance programs.
First priorities will include monitoring operations excellence, optimizing the
corporations balance sheet and establishing a dividend policy in 2014.

Ron Clayton has been appointed president and chief operating
officer. Mr. Clayton provided the key leadership role in development,
construction and start-up of the world-class Escobal project in Guatemala. He
will handle day-to-day supervision and direction of the executive team with a
focus on integrating the operating and finance functions to reflect the change
from development to operations.

Edie Hofmeister has been appointed vice president corporate
affairs. Ms. Hofmeister was instrumental in overseeing the implementation of new
corporate social responsibility programs over the last year. She will continue
in her role as general counsel and corporate secretary and will oversee the
administrative side of the Companys business.

Don Gray has been appointed vice president operations. Mr. Gray
leads the Guatemalan business team and over the last two years has provided
quality leadership in permitting, community relations, construction management
and governance in the face of significant pressure from a variety of stakeholder
groups. He will continue to lead the Companys operations in Guatemala.

Tahoe Chair Dan Rovig said, Tahoe succeeded on all fronts in
bringing the worlds third largest primary silver mine to the marketplace in a
very short three and one half years. This was an immense team effort involving
over 850 employees. Shareholders should be very pleased with the result, and
Tahoes board and management will continue our intensive focus on delivering
long-term shareholder value.

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Tahoes senior management will host a conference call to
discuss the fourth quarter results at 8:00 a.m. Pacific Time on Friday, March
14, 2013. To join the conference call please dial 1-800-319-4610 (toll free from
Canada and the U.S.) or +1-604-638-5340 (from outside Canada and the U.S.). A
recording of the call will be available later that day at the Companys website,
www.tahoeresourcesinc.com.

About Tahoe Resources Inc.

Tahoes strategy is to responsibly operate the Escobal mine to
world standards, to pay significant shareholder dividends and to develop high
quality precious metals assets in the Americas. Tahoe is a member of the
S&P/TSX Composite and TSX Global Mining indices and the Russell 3000 on the
NYSE. The Company is listed on the TSX as THO and on the NYSE as TAHO.

# # #

Qualified Person Statement

This news release has been approved by Charles Muerhoff,
Tahoes vice president technical services and Qualified Person as defined by
National Instrument 43-101.

Cautionary Notes

Investors are cautioned that the Preliminary Economic
Assessment (PEA) is considered preliminary in nature and includes mineral
resources, including inferred mineral resources that are considered too
speculative geologically to have the economic considerations applied to them
that would enable them to be categorized as mineral reserves. Mineral resources
that are not mineral reserves have not yet demonstrated economic viability. Due
to the uncertainty that may be attached to mineral resources, it cannot be
assumed that all or any part of a mineral resource will be upgraded to mineral
reserves. Therefore, there is no certainty that the results concluded in the PEA
will be realized.

The Company has not based its production decision on a
feasibility study of mineral reserves demonstrating economic and technical
viability, and as a result, there may be an increased uncertainty of achieving
any particular level of recovery of minerals or the cost of such recovery,
including increased risks associate with developing a commercially mineable
deposit.

In conjunction with an initiative undertaken within the mining
industry, we have adopted a non-GAAP financial measure referred to as all-in
sustaining cost that we believe more fully reflects the varying costs of
producing silver over the life-cycle of the mine. Accordingly, it is intended to
provide additional information and should not be considered in isolation or as a
substitute for measures of performance prepared in accordance with GAAP. We
report this measure on a silver ounces produced basis. See Non-GAAP Financial
Measures  All-in sustaining costs per gold ounce in our annual managements
discussion and analysis for a reconciliation of all-in sustaining costs per
ounce.

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Forward-Looking Statements

This news release contains forward-looking information within
  the meaning of applicable Canadian securities legislation, and forward-looking
  statements within the meaning of the United States Private Securities
  Litigation Reform Act of 1995 (collectively referred to as forward-looking
  information). In particular, this news release describes potential future
  events related to (i) estimated production during 2014 of between 18 to 21
  million ounces of silver contained in metals concentrates, (ii) silver production
  estimates being lower and cost projections being higher in the first half versus
  second half of 2014, (iii) the intention to establish a dividend policy in 2014
  and (iv) Tahoes strategy to develop the Escobal project and to optimize plant
  operations. Forward-looking information is based on managements reasonable
  assumptions, estimates, expectations, analyses and opinions which are based on
  managements experience and perception of trends, current conditions and
  expected developments, and other factors that management believes are relevant
  and reasonable in the circumstances, but which may prove to be incorrect.
  Assumptions have been made regarding, among other things, Tahoes ability to
  implement operational improvements at the Escobal project, Tahoes ability to
  carry on exploration and development activities, the timely receipt of required
  approvals, the price of silver and other metals, costs of development and
  production, Tahoes ability to operate in a safe, and effective manner and its
  ability to obtain financing on reasonable terms. Readers are cautioned that the
  foregoing list is not exhaustive. Tahoes actual results, programs and financial
  position could differ materially from those anticipated in such forward-looking
  statements as a result of numerous factors, risks and uncertainties, many of
  which are beyond the Companys control. These include, but are not necessarily
  limited to, results of exploration activities and development of mineral
  properties, the interpretation of drilling results and other geological data,
  the uncertainties of resource and reserve estimations, receipt and security of
  mineral property titles, receipt of licenses to conduct mining activities,
  country risks, civil unrest, project cost overruns or unanticipated costs and
  expenses, the availability of funds, fluctuations in metal prices, currency
  fluctuations, and general market and industry conditions. There is no assurance
  that forward-looking information will prove to be accurate, as actual results
  and future events could differ materially from those anticipated in such
  information. Accordingly, readers should not place undue reliance on this
  information. Tahoe does not undertake to update any forward-looking information,
  except as, and to the extent required by, applicable securities laws. For more
  information about the risks and challenges of Tahoes business, investors should
  review Tahoes current AIF available at www.sedar.com.

For further information, please contact:Tahoe Resources
Inc.Ira M. Gostin, Vice President Investor
Relationsinvestors@tahoeresourcesinc.comTel: 775-448-5807

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