WHEATON RIVER MINERALS LTD.

2002

Wheaton River Minerals to Sell Bellavista Gold Project

Wheaton River Minerals Ltd. is pleased to announce that it has agreed to sell its 100% interest in the Bellavista gold project in Costa Rica to Glencairn Explorations Ltd.

Under the terms of a letter of intent with Glencairn, Wheaton River will receive four million Glencairn common shares and $500,000 cash, plus an option to purchase four million Glencairn common shares at a price of $0.60 for three years, and an additional option to purchase two million common shares at an exercise price of $1.00 for three years. Upon completion of the transaction, Wheaton River will hold approximately 21.2% of the issued and outstanding shares of Glencairn. The transaction is subject to completion of satisfactory due diligence, execution of a definitive agreement and receipt of regulatory approval and other approvals, including the approval of Glencairn shareholders.

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, the timing and amount of estimated future production, costs of production, reserve determination, reserve conversion rates, the timing of the development of new deposits, the Company’s hedging practices, permitting time lines, and the timing and possible outcome of pending litigation involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, 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 and silver, as well as those factors discussed in the section entitled "Risk Factors" in the Annual Information Form and in the Form 20-F as on file with the Securities and Exchange Commission in Washington, D.C. Although the Company 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 Vanguard Shareholder Solutions at 1-800-567-6223 (e-mail: ir@vanguardsolutions.ca) or visit www.wheatonriver.com.

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