WHEATON RIVER MINERALS LTD.

2002

Wheaton Sells Red Mountain Project & 1 Million Shares of Kinross

Wheaton River Minerals Ltd. (TSE:WRM) announced today that it entered into an agreement to sell its Red Mountain Project to Seabridge Resources Inc. for 800,000 common shares of Seabridge and additional contingent consideration of up to $400,000.

The Company also announced that it has sold one million Kinross common shares at a $1.75 per share. Wheaton River continues to hold three million Kinross shares.

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