Goldcorp Inc.

Goldcorp Inc.

January 10, 2005 17:50 ET

Goldcorp Responds To Glamis Gold Bid


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GOLDCORP INC.

TSX SYMBOL: G
NYSE SYMBOL: GG

JANUARY 10, 2005 - 17:50 ET

Goldcorp Responds To Glamis Gold Bid

TORONTO, ONTARIO--(CCNMatthews - Jan. 10, 2005) - GOLDCORP
INC.(TSX:G)(NYSE:GG) Goldcorp has received notice that Glamis Gold Ltd.
has commenced a formal bid to purchase all of the common shares of
Goldcorp. The Board of Directors will review and evaluate the proposal.
However, the offer appears to be the same as the non-binding proposal
the Board previously reviewed and rejected when Glamis first declared
its intentions.

Goldcorp has tendered its friendly take-over offer to acquire all of the
common shares of Wheaton River Minerals Ltd. A notice of Special Meeting
of Shareholders, Management Information Circular and Proxy Material has
been sent to all shareholders for the meeting to be held on January 31,
2005. In order to be voted, proxies must be received by Computershare
Trust Company of Canada, 100 University Avenue, 9th Floor, Toronto,
Ontario, Canada M5J 2Y1, by no later than 4:00 p.m. (Toronto Time) on
Thursday, January 27, 2005 or, in the event of an adjournment or
postponement of the Goldcorp Meeting, no later than 48 hours (excluding
Saturday, Sundays and holidays) before the time for holding the
adjourned or postponed Goldcorp meeting. Any new shareholders after
December 31, 2004 must contact the transfer agent, Computershare,
telephone 1-800-564-6253, by January 21, 2005 in order to be registered
to be eligible to vote.

Goldcorp's Red Lake Mine is the richest gold mine in the world. The
Company is in excellent financial condition: has NO DEBT, a Large
Treasury, positive Cash Flow and Earnings and pays a Dividend twelve
times a year! GOLDCORP is UNHEDGED and currently withholds one-third of
annual gold production in anticipation of higher gold prices. Goldcorp's
shares are listed on the New York and Toronto Stock Exchanges under the
trading symbols of GG and G, respectively and its options trade on the
American Stock Exchange (AMEX), the Chicago Board of Options Exchange
(CBOE) and the Pacific Stock Exchange (PCX) in the United States and on
the Montreal Exchange (MX) in Canada.



Corporate Office:

145 King Street West
Suite 2700
Toronto, Ontario
M5H 1J8
website: www.goldcorp.com



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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Goldcorp Inc.
    Ian J. Ball
    Investor Relations
    (416) 865-0326 or Toll free (800) 813-1412
    (416) 361-5741 (FAX)
    info@goldcorp.com
    www.goldcorp.com