VANCOUVER, BRITISH COLUMBIA, MARCH 31, 2008 - GOLDCORP INC. (TSX: G,
NYSE: GG) announced today that its El Sauzal mine in Mexico has become
the first gold mining operation in Mexico to be fully certified under the
International Cyanide Management Code for the Manufacture, Transport and Use of
Cyanide in the Production of Gold ("the Cyanide
Code"). El Sauzal was 2007's largest gold producer in
Mexico, at over 300,000 ounces. Early in 2007, Goldcorp announced that
its Marigold mine in Nevada (66.7% Goldcorp, 33.3% Barrick) had become the
first gold mine in the world to be fully certified under the Cyanide Code.
The Cyanide Code is a voluntary industry program for companies involved in
the production of gold using cyanide. It was developed under the auspices
of the United Nations Environment Programme with the goal of safeguarding human
health and the environment by promoting responsible management of cyanide used
in gold mining.
"El Sauzal's certification is the latest example of Goldcorp's ongoing
commitment to operating to the highest possible standards, to being responsible
stewards of the environment and to partnering with the communities in which we
work," said Kevin McArthur, Goldcorp President & Chief Executive
Officer.
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
Safe Harbor Statement under the United States Private Securities Litigation
Reform Act of 1995: Except for the statements of historical fact contained
herein, the information presented constitutes "forward-looking
statements" within the meaning of the Private Securities Litigation Reform
Act of 1995. Such forward-looking statements, including but not limited to
those with respect to the price of gold, silver, copper, zinc and lead, the
timing and amount of estimated future production, costs of production, reserve
determination and reserve conversion rates involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievement of Goldcorp to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such factors include, among others, risks related to the
integration of acquisitions, risks related to international operations, risks
related to joint venture operations, the 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 and copper, zinc and lead as well as
those factors discussed in the section entitled "General Development of
the Business - Risks of the Business" in Goldcorp's Form 40-F on file with
the Securities and Exchange Commission in Washington, D.C. and Goldcorp's
Annual Information Form on file with the securities regulatory authorities in
Canada. Although Goldcorp has attempted to identify important factors that
could cause actual results to differ materially, 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.
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