Goldcorp Inc.

Goldcorp Inc.

March 01, 2005 08:48 ET

Goldcorp Completes Tender Offer for Wheaton River Minerals Ltd.; 82% of Wheaton River Shares Acquired by Goldcorp to date


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GOLDCORP INC.

TSX SYMBOL: G
NYSE SYMBOL: GG

MARCH 1, 2005 - 08:48 ET

Goldcorp Completes Tender Offer for Wheaton River
Minerals Ltd.; 82% of Wheaton River Shares Acquired by
Goldcorp to date

TORONTO, ONTARIO--(CCNMatthews - March 1, 2005) - Goldcorp Inc. (TSX:G)
(NYSE:GG) is pleased to announce that approximately 470,408,200 Wheaton
River common shares, representing approximately 82% of the total
outstanding Wheaton River common shares, have been tendered to
Goldcorp's offer to purchase all of the outstanding common shares of
Wheaton River on the basis of 0.25 Goldcorp common shares for each
Wheaton River common share. The Goldcorp Offer commenced on December 29,
2004 and expired 5:00 p.m. (Toronto time) on February 28, 2005.

Goldcorp expects to complete its acquisition of Wheaton River through a
plan of arrangement in which Wheaton River common shares not acquired in
the Goldcorp Offer will be acquired for Goldcorp common shares on the
same exchange ratio as the Goldcorp Offer and options and warrants to
purchase Wheaton River common shares will be converted into options and
warrants to purchase Goldcorp common shares. Wheaton River shareholders
of record as of March 7, 2005 will be entitled to vote at Wheaton
River's special meetings, to be held on April 12, 2005, to approve the
plan of arrangement. Upon completion of the arrangement, Wheaton River
will become a wholly-owned subsidiary of Goldcorp.

Goldcorp is now the world's lowest cost, million ounce gold producer.
The acquisition of Wheaton River Minerals Ltd. has increased gold
production, gold reserves and resources and given us one of the fastest
growth curves in the industry. It has strengthened our already solid
balance sheet and lowered production costs per ounce even further. 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 completely UNHEDGED. 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.

Gold is Money, Goldcorp is Gold!



Goldcorp Inc. Wheaton River Minerals Ltd.
145 King Street West 1560-200 Burrard Street
Suite 2700 Vancouver, British Columbia V6C 3L6
Toronto, Ontario
M5H 1J8


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