Toronto Stock
Exchange: G
New York Stock Exchange: GG
Goldcorp Receives
Statement Of Claim Filed By Barrick
VANCOUVER, British
Columbia, January 13, 2010 � Goldcorp Inc. (TSX: G, NYSE: GG) today announced that it has
received a Statement of Claim from Barrick Gold Corporation (�Barrick�) that
legal proceedings have commenced against Goldcorp Inc. (�Goldcorp�), New Gold
Inc. (�New Gold�) and its subsidiaries Datawave Sciences Inc. and Inversiones
El Morro Limitada. Barrick is seeking to enjoin the closing of the
transactions announced by Goldcorp and New Gold on January 7, 2010 with respect
to the exercise by Datawave of the Right of First Refusal on the El Morro
copper-gold project in Chile.
Goldcorp is reviewing the
claim with its legal counsel. Goldcorp has acted in good faith and is
confident that it has acted lawfully and appropriately in all aspects of this
transaction and intends to vigorously defend itself against the claim.
Goldcorp is the lowest-cost
and fastest growing multi-million ounce gold producer with operations
throughout the Americas. Its gold production remains 100% unhedged.
Cautionary Note
Regarding Forward-Looking Statements
This press release contains
�forward-looking statements�, within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian securities
legislation, concerning the business, operations and financial performance and
condition of Goldcorp Inc. (�Goldcorp�). Forward-looking statements include,
but are not limited to, statements with respect to the future price of gold,
silver, copper, lead and zinc, the estimation of mineral reserves and
resources, the realization of mineral reserve estimates, the timing and amount
of estimated future production, costs of production, capital expenditures,
costs and timing of the development of new deposits, success of exploration
activities, permitting time lines, hedging practices, currency exchange rate
fluctuations, requirements for additional capital, government regulation of
mining operations, environmental risks, unanticipated reclamation expenses,
timing and possible outcome of pending litigation, title disputes or claims and
limitations on insurance coverage. Generally, these
forward-looking statements can be identified by the use of forward-looking
terminology such as �plans�, �expects� or �does not expect�, �is
expected�, �budget�, �scheduled�, �estimates�, �forecasts�, �intends�,
�anticipates� or �does not anticipate�, �believes� or variations of such words
and phrases or statements that certain actions, events or results �may�,
�could�, �would�, �might� or �will be taken�, �occur� or �be achieved�.
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Goldcorp to be materially different
from those expressed or implied by such forward-looking statements, including
but not limited to: risks related to the integration of acquisitions; risks
related to international operations; risks related to joint venture operations;
actual results of current exploration activities; actual results of current
reclamation activities; conclusions of economic evaluations; changes in project
parameters as plans continue to be refined; future prices of gold, silver,
copper, lead and zinc; possible variations in ore reserves, grade or recovery
rates; failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes; delays in obtaining governmental approvals or
financing or in the completion of development or construction activities and
other risks of the mining industry, as well as those factors discussed in the
section entitled �Description of the Business � Risk Factors� in Goldcorp�s
annual information form for the year ended December 31, 2008 available at www.sedar.com. Although
Goldcorp has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.
Goldcorp does not undertake to update any forward-looking statements that are
included in this document, except in accordance with applicable securities
laws.
CONTACT INFORMATION:
Goldcorp Inc.
Jeff Wilhoit
Vice President, Investor Relations
Goldcorp Inc.
(604) 696-3074
Fax: (604) 696-3001
Email: info@goldcorp.com
Website: www.goldcorp.com