🕐04.02.10 - 15:00 Uhr

Goldcorp Secures Key Strategic Asset Near Peñasquito With Closing Of Canplats Resources Acquisition



Toronto Stock Exchange: G New York Stock Exchange: GG GOLDCORP SECURES KEY STRATEGIC ASSET NEAR PE�ASQUITO WITH CLOSING OF CANPLATS RESOURCES ACQUISITION VANCOUVER, British Columbia, February 4, 2010 � Goldcorp Inc.

(TSX: G; NYSE: GG) announced today that the acquisition of Canplats Resources has been completed, securing for Goldcorp the Camino Rojo project near its world-class Pe�asquito mine.

Under the plan of arrangement, each Canplats share will be exchanged for C$4.60 in cash.�In addition, holders of each Canplats share will receive a distribution from Canplats of one share in a new exploration company with a notional value of C$0.20 for total consideration of C$4.80 per share, or approximately C$308.5 million.

Located approximately 50 kilometres southeast of Goldcorp�s Pe�asquito mine, Camino Rojo nearly quadruples Goldcorp�s total land package in a core district.�Its 3,389-square kilometre land position includes the Represa Deposit1, which has reported measured and indicated resources of 3,445,000 gold ounces and 60,708,000 silver ounces.�Inferred resources total 555,000 ounces of gold and 7,612,000 ounces of silver.

�Like the Noche Buena deposit just north of Pe�asquito, the addition of Camino Rojo provides a robust, low-cost potential satellite operation that would supplement production from Pe�asquito and leverage important investments we have made in people, infrastructure and stakeholder partnerships,� said Chuck Jeannes, Goldcorp President and Chief Executive Officer.

�The exploration team at Pe�asquito will immediately commence a program to further define the core Represa deposit and investigate adjacent zones of sulphide mineralization.

On a regional basis, areas of interest within the Camino Rojo land package will be integrated into Pe�asquito�s existing regional exploration program to create a rich pipeline of drill-ready targets.

Our team will then advance a new development plan for Camino Rojo that will determine the ideal approach to complementing Pe�asquito�s very strong production profile.�No gold production from Camino Rojo is included in Goldcorp�s current five year, 58% growth forecast.� Goldcorp�s financial advisors are GMP Securities L.P.; its legal advisors are Cassels Brock & Blackwell LLP in Canada and Neal, Gerber & Eisenberg LLP in the United States. Goldcorp is the lowest-cost and fastest growing multi-million ounce gold producer with operations throughout the Americas.�Its gold production remains 100% unhedged. To read the complete news release, please see our web site at http://goldcorp.com/news/goldcorp/index.php?&content_id=758 Remove me from this mailing list http://dissemination.blendermedia.com:81/u?id=1018024U&l=goldcorp



Products & Services | Jobs