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Wheaton Reschedules Silver Wheaton Closing for October 15th

September 06, 2004



Wheaton River Minerals Ltd. (“Wheaton”) and Chap Mercantile Inc. (TSX-V: CPC) announced that they have rescheduled the closing date of the previously announced Silver Wheaton transaction for October 15, 2004. 

Following the filing of an application by Coeur d’Alene Mines (“Coeur”) with the British Columbia Securities Commission to seek to delay the closing of the transaction, Wheaton agreed with Coeur that, in order to avoid the cost and expense of a regulatory hearing, it would postpone the closing of the Silver Wheaton transaction to October 15, 2004.  In turn, Coeur has agreed that if its offer to acquire Wheaton shares is not successful by October 15, 2004, Wheaton may complete the Silver Wheaton transaction on October 15, 2004 and, in such case, Coeur will not to take any action to further prevent or delay the completion of the transaction.

Except for the statements of historical fact contained herein, the information presented constitutes “forward-looking statements”.  Such forward-looking statements, including but not limited to those with respect to the price of gold, silver and copper, 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 Wheaton River 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, as well as those factors discussed in the section entitled “Risk Factors” in the Form 40-F as on file with the Securities and Exchange Commission in Washington, D.C.  Although Wheaton River 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.

For further information please contact Wheaton River Minerals Ltd. Investor Relations at 1-604-696-3011 or email at ir@wheatonriver.com or visit www.wheatonriver.com.