Canplats Resources Corp.

Published : December 24th, 2009

Board Determines that Goldcorp Amending Offer Matches Penmont Proposal

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Re:        News Release - Thursday, December 24, 2009
Title:     Canplats Board Determines that Goldcorp Amending Offer Matches Penmont Proposal


Canplats Resources Corporation (TSX-V: CPQ) ("Canplats" or the "Company") announces that it has received an offer from Goldcorp Inc. ("Goldcorp") to match the proposal from Minera Penmont, S. de R.L. de C.V. ("Penmont") for the acquisition by Penmont of all of the outstanding common shares of Canplats which was announced on December 22, 2009. The Board of Directors of Canplats has determined, after receiving a recommendation to such effect from its Special Committee and the advice of the financial and legal advisors to the Company, that the acceptance by the Company of Goldcorp's offer to amend the terms of the business combination agreement between Canplats and Goldcorp originally announced on November 16, 2009 (the "Goldcorp Agreement") would result in the Penmont proposal not being a "superior proposal" for the purposes of the Goldcorp Agreement. Accordingly, Canplats will enter into an amended agreement with Goldcorp reflecting such terms.

Under the amended transaction with Goldcorp, Canplats shareholders would receive, for each Canplats common share, C$4.20 in cash and shares of a new exploration company with a notional value of C$0.20. The new exploration company would hold C$10 million in cash and Canplats' Rodeo, El Rincon, Mecatona, Maijoma and El Alamo Properties. The terms of the amended transaction with Goldcorp match those under the Penmont proposal (including the distribution of all of the shares of the new exploration company to Canplats' securityholders). The proposed amended agreement with Goldcorp includes a break fee, payable to Goldcorp in certain circumstances, of C$9.3 million, which is the same as the break fee under the Penmont proposal.

Canplats will issue further news releases providing additional information as developments warrant, including information with respect to the execution of any amended agreement with Goldcorp and information relating to the meeting of securityholders of Canplats currently scheduled for January 14, 2010 to consider the transaction between Canplats and Goldcorp.

For further information, contact:

Corporate Information:

Canplats Resources Corporation
R.E. Gordon Davis
Chairman and C.E.O.
Direct: (604) 629-8292

Canplats Resources Corporation
Bruce A. Youngman
President and C.O.O.
Direct: (604)-629-8293

Investor Inquiries:

Blaine Monaghan
Director, Investor Relations
Direct: (604) 629-8294
Toll-Free: (866) 338-0047
info@canplats.com
http://www.canplats.com

G2 Consultants Corporation
NA Toll-Free: (866) 742-9990
Tel: (604) 742-9990
Fax: (604) 742-9991
canplats@g2consultants.com

To receive Canplats' news releases, contact Blaine Monaghan, Director, Investor Relations, at info@canplats.com or (866) 338-0047.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Cautionary Note Regarding Forward-Looking Statements

Statements contained in this news release that are not historical fact, such as statements regarding the economic prospects of the company's projects, future plans or future revenues, timing of development or potential expansion or improvements, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and forward-looking information under the provisions of Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to, the company's ability to raise sufficient capital to fund development, changes in economic conditions or financial markets, changes in prices for the company's mineral products or increases in input costs, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in Mexico, technological and operational difficulties or inability to obtain permits encountered in connection with exploration and development activities, labour relations matters, and changing foreign exchange rates, all of which are described more fully in the company's filings with the Securities and Exchange Commission and on SEDAR. The company undertakes no obligation to publicly update or otherwise revise any forward-looking statements, whether as a result of new information, future events or other factors, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements.



Copyright � 2009 CANPLATS RESOURCES CORPORATION. (CPQ) All rights reserved. For more information visit our website at http://www.canplats.com/ or send email to info@canplats.com ..

Data and Statistics for these countries : Mexico | All
Gold and Silver Prices for these countries : Mexico | All

Canplats Resources Corp.

DEVELOPMENT STAGE
CODE : CPQ.V
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Canplats Res. is a zinc and lead development stage company based in Canada.

Canplats Res. develops zinc, lead, gold and silver in Mexico, and holds various exploration projects in Mexico.

Its main asset in development is CAMINO ROJO in Mexico and its main exploration properties are MECATONA, EL RINCON MEXICO, MAIJOMA EL ALAMO, YERBABUENA and RODEO in Mexico.

Canplats Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 274.3 millions as of today (US$ 274.8 millions, € 200.4 millions).

Its stock quote reached its lowest recent point on December 30, 2002 at CA$ 0.04, and its highest recent level on May 30, 2008 at CA$ 5.43.

Canplats Res. has 57 627 000 shares outstanding.

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Annual reports of Canplats Resources Corp.
2007 Annual Report
Project news of Canplats Resources Corp.
5/28/2009(Camino Rojo)New Target Areas Identified and Ground Acquired At Camino Ro...
1/19/2009(Camino Rojo)Positive Initial Metallurgical Results From Camino Rojo Proj...
11/24/2008(Camino Rojo)Camino Rojo Hosts 3.44 Million Ounces Gold Measured & Indica...
Corporate news of Canplats Resources Corp.
2/4/2010New contact information -- Canplats/Camino
1/29/2010Securityholders Approve Transaction With Goldcorp
1/20/2010Independent Proxy Advisory Firm RiskMetrics Recommends Canpl...
1/14/2010Announces Filing of Supplemental Circular in Connection with...
12/24/2009Board Determines that Goldcorp Amending Offer Matches Penmon...
11/16/2009Goldcorp To Acquire Canplats
12/11/2008Adopts Shareholder Rights Plan
11/12/2008Gordon Bogden To Join The Board Of Canplats
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TSX-V (CPQ.V)Other OTC (CPQRF)
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