JOINT VENTURES / PARTNERSHIPS

In addition to Goldcorp's internal exploration programs, Goldcorp seeks out exploration partnerships and joint ventures with exploration-focused companies working in complementary low-risk jurisdictions.  These partnerships give Goldcorp access to additional exploration upside, with minimal risk.  Meanwhile, our partners benefit from additional funding for their projects and from our expertise in advancing projects beyond the exploration phase.  As of June 30, 2010 Goldcorp has established joint ventures and/or partnerships with the following mining and exploration companies: 

Azimut Exploration Inc. (AZM: TSX-V) - Goldcorp optioned the Wabamisk property in the James Bay area of Quebec from Azimut in April of 2005. Goldcorp, as operator, is funding exploration work to earn at 51% interest in the property located about 80 km southeast of Goldcorp’s Éléonore Project. See Eastmain for an additional joint venture with Azimut.

Bayfield Ventures Corp. (BYV: TSX-V) – Please see Skyharbour for joint venture information.

Blackcomb Minerals Inc. (Private) – Blackcomb optioned eight isolated properties owned by Goldcorp in June 2007. The properties, which are located in various states of Mexico, are named La Fortuna, Corralitos, Yecora, Altares, Santo Domingo, La Blanca, Villa de Ramos, and Xichu. Once Blackcomb has vested in the option requirements separately for each individual property, each property will be placed in a separate joint venture.

Candente Gold Corp. (CDG: TSX) - Candente optioned the El Oro gold-silver property from Goldcorp in May 2006. Candente can earn up to a 70% interest in El Oro by meeting certain exploration expenditure and payment (cash & share) requirements. The El Oro property is located approximately 120 km northwest of Mexico City in the States of Mexico and Micoacán.

Chesapeake Gold Corp. (CKG: TSX-V) - Chesapeake optioned the La Gitana silver-gold property in Oaxaca State of Mexico in March, 2003. Chesapeake completed its expenditure requirements and currently holds a 75% interest in the project.

Eastmain Resources Inc. (ER: TSX) – Eastmain, Goldcorp, and Azimut Exploration Inc. are joint venture partners exploring the Éléonore South property, located adjacent to Goldcorp’s Éléonore Project in the James Bay area of Quebec. As project manager, Eastmain coordinates exploration activities. Goldcorp currently holds a 35% interest in the Éléonore South Project.

Goldgroup Mining Inc. (GGR: TSX) - Goldgroup optioned the Goldcorp owned the El Candelero property, located in Sinaloa State, Mexico in May 2007. Under the terms of the option agreement, Goldgroup as project operator can earn a 70% interest in the El Candelero silver-gold project.

Halo Resources (HLO: TSX-V) – In June of 2006, Halo entered into an option agreement with Goldcorp to earn into a range of interests on its Middle Bay, Pipestone Bay, and Biron Bay properties (collectively known as the West Red Lake property). The West Red Lake property is located approximately 32 km west of the Red Lake operations. Halo is project operator during the option period.

Hy Lake Gold Inc. (HYLK: CNQ) – In December 2007, Hy Lake Gold signed an option agreement with Goldcorp to earn a 60% interest on the Rowan property located about 26 km west of the Red Lake operations. Hy Lake is the project operator during the option period.

Matamec Explorations Inc. (MAT: TSX-V) -  In December 2008, Goldcorp entered into an Option Agreement with Matamec and Explorers Alliance Corp. to allow Matamec and Explorers to each acquire a 25% interest in the  Matheson JV property package located within the Timmins mining district. Upon completion of the option Goldcorp will retain a 50% interest. The Matheson JV property, located east of the Hoyle Pond mine, includes combined Goldcorp and Explorers land in the eastern portion of Matheson Township. Matamec is the project operator during the option period.

Metals Creek Corp. (MEK – TSX-V)   In December 2008, Metals Creek optioned the Ogden Property, situated 6 km south of Timmins city center. The property straddles an eight kilometer section of the western strike projection of the Porcupine-Destor Fault, and includes the past-producing Naybob gold mine. Metals Creek is the project operator during the option period.

Pele Mountain Resources Inc. (GEM: TSX-V) – Pele Mountain Resources and Goldcorp formed a 50-50 joint venture on the Festival Diamond project located near Wawa, Ontario.

Planet Exploration Inc. (PXI: TSX-V) – Goldcorp has earned a 60% interest in the Sidace Lake project in Red Lake, Ontario and has formed a joint venture with Planet Exploration. Goldcorp is the Operator of the project, which is located approximately 28 km northeast of the Red Lake operations.

Premier Gold Mines Ltd. (PG: TSX) – In May 2007, a joint venture agreement was made between Goldcorp and Premier where each company contributed mining properties to form the Rahill-Bonanza project.  The Rahill-Bonanza project is situated between the Red Lake operations and the past-producing Cochenour mine. Goldcorp is the project operator with 51% interest and Premier holds the remaining 49%. 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 65% interest in the joint venture with Premier holding the remaining 35%. 

Quaterra Resources Inc. (QTA: TSX-V) - In February 2010, Goldcorp entered into a Investment Framework Agreement (IFA) that provides Goldcorp with an option to acquire up to a 65% interest in certain mining properties, held by or acquired by Quaterra in central Mexico. Recently Goldcorp selected the Sierra Sabino property/ located 120 km south of Goldcorp’s Penasquito mine as the first advanced project under the terms of the IFA.

San Anton Resource Corporation (SNN: TSX) – In January 2006, through a predecessor company, San Anton earned a 51% interest in the Cerro del Gallo (San Anton) gold-silver-copper property located in the state of Guanajuato in central Mexico. By continuing to fund and operate exploration programs on the property, San Anton’s interest has increased to 64% with Goldcorp holding the remaining 36%.

Skyharbour Resources Ltd. (SYH: TSX-V) – Skyharbour Resources and Bayfield Ventures Corp. each respectively own a 24.5% interest in the Baird Property located 14 km southwest of the Red Lake operations. Goldcorp owns the remaining 51% interest and is project operator.

St Andrew Goldfields Ltd. (SAS: TSX) – St Andrew Goldfields has satisfied exploration expenditure requirements to earn a 40% interest in properties owned by Goldcorp located in Carr, Taylor, Beatty, and Clergue Townships, east of Timmins and can earn an additional 20% upon fulfilling further exploration expenditures. St Andrew is project operator.

Starcore International Mines Ltd. (SAM: TSX-V) - The Cerro De Dolores silver-lead-zinc property located in the state of Guerrero state in Mexico was optioned by Starcore in December, 2003. To earn 51%, Starcore, as operator, can earn a 51% interest under the terms of the option agreement.

Temex Resources Corp. (TME: TSX-V) - In June of 2010, Temex acquired from Goldcorp a 60% interest in the mining rights of the upper portion (from surface to a depth of 1000 ft) of the historic Hallnor Mine Property. This acquisition together with an existing 60% ownership by Temex of the lower portion of the property (below 1000 ft), consolidates project ownership of this past producer located in the Timmins mining district. Temex is the operator of the project.

VG Gold Corp. (VG: TSX) - The Paymaster West property, located within the Timmins mining district, was optioned by VG Gold from Goldcorp in June 2008. The Property is situated west of Goldcorp’s Dome Mine and milling facility. Under the terms of the option agreement, VG Gold, as project operator, can earn a 60% interest in the property.

Virginia Mines Inc. (VGQ: TSX) – Virginia and Goldcorp are joint venture partners exploring the Corvet Est property, located in the James Bay area of Quebec, approximately 120 km northeast of the Éléonore project. Each partner holds a 50% interest in the project with Virginia acting as project operator.