JOINT VENTURES / PARTNERSHIPS

To minimize exploration risk to shareholders in the quest for new gold mining opportunities, Goldcorp has established joint ventures and/or partnerships with the following mining and exploration companies: 

• Azimut Exploration Inc. (AZM- TSXV)  - In April of 2005 Goldcorp optioned the Wabamisk Property in the James Bay area of Quebec.  To earn a 51% interest Goldcorp must make payments of $CAN 500,000 on or before the fourth anniversary  and commit to $CAN 4.0 Million in exploration expenditures on or before the fifth anniversay.  An additional 19% can be acquired if Goldcorp funds the project through completion of a bankable feasibility study.  See Eastmain for an additional joint venture with Azimut.
   
• Canasil Resources Inc. (CLZ – TSXV) - Canasil optioned the Luismin owned Tres Marias/Cebollas claims in August, 2003.  Agreement terms include issuance of 50,000 shares of Canasil stock and expending $US 1.7 Million by 2009, to earn a 75% interest.   Goldcorp (Luismin) has an "earn back" provision. 
   
• Candente Resource Corp. (DNT - TSX) and Canaco Resources Inc. (CAN-TSXV) - Candente and Canaco optioned the Luismin owned El Oro Property in August 2006.   Terms of the joint venture include issuance of 250,000 Candente and 250,000 Canaco shares as well as expending $US 10.0 Million over five years, to earn a 70% interest.   Goldcorp (Luismin) has an "earn back" provision.
   
• Chesapeake Gold Corp. (CKG – TSXV) - Chesapeake optioned the Luismin owned La Gitana Property in Oaxaca State in March, 2003. Chesapeake can earn a 51% interest in the project by incurring an aggregate expenditure of $US 1.0 Million by 2008.   Chesapeake may earn an additional 24% by incurring an additional $US 1.0 Million by the end of 2010.   There is no "earn back" provision for Goldcorp (Luismin).
   
• Eastmain Resources Inc. (ER – TSX) - Eastmain has entered a joint venture agreement with Goldcorp and Azimut Exploration Inc., for certain properties namely the Eleonore South Property and the adjacent Azimut C claim block, located in the James Bay area of Quebec.  Eastmain will act as operator and has the option to earn a 1/3 interest in the project by funding $CAN 4 Million over 4 years.  By completing a feasibility study, Eastmain can earn up to a 40% interest.
   
• Grandcru Resources Corporation (GR – TSXV) - On October 29, 2004, the Guadalupe de Los Reyes Property in Mexico was sold to Grandcru Resources Corporation.  Goldcorp (Luismin) have the right to "earn back" to 60 percent and operate.   
   
• Kings Minerals NL  (KMN – ASX, Australia) - In January of 2006, Kings Minerals earned a 51% interest in the San Anton porphyry gold, silver, copper project in Mexico, by paying $US 510,000 in cash and incurring $US 3.0 Million in expenditures.  Exploration is ongoing.
   
• Mantos de Oro, La Coipa, Chile (Goldcorp-Kinross JV) - In 2004 Mantos de Oro (MDO) entered a joint venture with Anglo American to explore the Esperanza Property, located in the Maricunga Belt, 40 kilometres north of the La Coipa Mine, Chile.   Vesting requires a $US 2.0 Million expenditure.   During 2006-2007, MDO will invest $US 5.0 Million to drill define additional gold, silver, copper reserves at the base of the La Coipa open pit.    In addition, MDO is exploring their 100% owned Esmeralda Property.
   
• Orko Silver Corp. (OK – TSXV) - In 2003, Orko optioned the Santa Monica Property, located in Durango State, Mexico.   Terms of the joint venture includes issuance of 100,000 Orko shares and expending $US 1.5 Million over six years, to earn 75%.   Goldcorp (Luismin) has an “earn back” provision.
   
• Pele Mountain Resources (GEM - TSXV) - Goldcorp has signed two option agreements with Pele Mountain to explore for gold and diamonds in Ontario. Goldcorp is presently funding a diamond bulk-sampling program near Wawa.
   
• Planet Exploration Inc. (PXI - TSXV) – Goldcorp has earned a 60% interest in the Sidace Lake Project in Red Lake, Ontario, by spending $CAN 2.55 Million over three years.  Presently a 6,000 metre deep drilling program is being carried out on the Discovery Zone.
   

• Premier Gold Mines Ltd. (PG - TSX) – In May 2007, Goldcorp and Premier formed the Rahill-Bonanza Joint Venture Agreement in which each company contributed mining properties located in the prolific Red Lake area.  Goldcorp is the operatior of the project with 51% interest and Premier holds the remaining 49%.  Goldcorp contributed Rahill-Wilmar Property and Kostynuk Property and Premier contributed the Bonanza Property and Marathon McNeely Property.  The Property consists of 44 contiguous mining claims, which include both patented and unpatented claims and cover an area of approximately 2056 acres.                  In addition, Goldcorp and Premier have entered into a Joint Venture Agreement on the East Bay Property also located in the Red Lake district. Goldcorp is the operator and has a 50% interest in the Joint Venture with the option to increase to 65%.

• St. Andrew Goldfields Ltd. (SAS – TSX) - St. Andrew Goldfields can earn up to a 60% interest in properties located in Carr, Taylor, Beatty, and Clergue Townships, east of Timmins, near Matheson, Ontario. Based on an amended agreement dated July 1, 2003, the company must incur expenditures of $CAN 1.2 Million by July 1, 2009.  After vesting a Joint Venture agreement will be created with the Porcupine Joint Venture (51% Goldcorp Canada Ltd./49% Kinross Gold Corporation).
   
• Starcore International Ventures Ltd. (SAM – TSXV) - The Luismin owned Cerro De Dolores Property was optioned by Starcore in December, 2003. To earn 51%, Starcore must issue 250,000 shares by 2006 and expend $US 1.4 Million by 2007.    
   
• Temex Resources Corp. (TME – TSXV) - In March of 2005 Temex entered into an agreement to earn a 60% undivided interest in certain mining claims in Whitney Township, Ontario.  To vest, Temex must incur work costs totaling $CAN 4 Million over 4 years. The Porcupine Joint Venture has an "earn back" provision.
   
• Vault Minerals Inc. (VMI – TSXV) - In May 2005, Goldcorp optioned the Lebel Property in Kirkland Lake, Ontario.  Goldcorp may acquire an initial 60% interest in the property by incurring work expenditures of $CAN 2 Million over a four-year period and making option payments totaling $CAN 180,000. Goldcorp will have a further option, under certain terms, to earn an additional 10% by committing to and financing a feasibility study.
   
• Virginia Mines (VGQ – TSX) - During May of 2005, Goldcorp entered a joint venture to earn a 50% interest in the Corvet Est Property, located in the James Bay area, Quebec.  Under the terms of the agreement Goldcorp will invest a total of $CAN 4 Million in exploration over 5 years.
   
• West Timmins Mining Inc. (WTM – TSX) - In August 2005, Band-Ore optioned its Highway 144 Property in Denton and Thorneloe Townships, Ontario, Canada.  To earn a 70% interest in the property, the Porcupine Joint Venture (51% Goldcorp Canada Ltd. / 49% Kinross Gold Corporation) must incur work costs of $CAN 2.5 Million, and make payments totaling $CAN 500,000, by Sept 15, 2010.