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WHEATON RIVER MINERALS LTD.

 

2002

Wheaton River-Rubicon Sign AxelGold Exploration Agreement

March 12, 2002

Wheaton River Minerals Ltd. (TSE:WRM) announces today that they will be spending $350,000 in 2002 on a drill program in order to earn an interest in the AxelGold Project that is controlled by Rubicon Minerals Corporation. The AxelGold Project located in north central British Columbia, is part of a rare alkaline gold porphyry system.

This expenditure is part of the $1,700,000 in flow through funding raised by the Company last year. The Company expects to spend the remaining $1,350,000 on Canadian exploration in 2002.

For further information please contact Vanguard Shareholder Solutions at 1-800-567-6223 (e-mail: ir@vanguardsolutions.ca) or visit www.wheatonriver.com.