Fairvest, Canada's Leading Independent Proxy Advisory Firm Recommends

    News Editors

    VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 26, 2005--Wheaton River Minerals Ltd. (TSX:WRM)(AMEX:WHT) announced that Fairvest, Canada's leading independent proxy advisory firm and an affiliate of Institutional Shareholder Services (ISS), has recommended that its clients who hold Goldcorp shares, including institutional investment firms and mutual funds, vote for Goldcorp's proposed merger with Wheaton River at Goldcorp's shareholders meeting.

    Ian Telfer, Chairman and CEO of Wheaton River, said "We are pleased that Fairvest has confirmed the strategic and financial benefits of this combination. Fairvest's conclusions confirm our belief that the merger offers the best value and opportunity for shareholders of both Wheaton River and Goldcorp."

    The board of directors of Wheaton River continues to recommend that Wheaton River shareholders accept Goldcorp's offer and tender their common shares to Goldcorp's offer. There is no risk for Wheaton River shareholders in tendering their shares prior to the Goldcorp shareholders meeting, as tendered shares will be returned in the event that Goldcorp's offer does not proceed.

    Where to Find Additional Information About the Transaction

    This press release is neither an offer to purchase securities nor a solicitation of an offer to sell securities. Goldcorp has filed a take-over bid circular with Canadian securities regulatory authorities and a registration statement and prospectus and tender offer statement with the United States Securities and Exchange Commission. Wheaton River has filed a directors' circular with respect to the offer with Canadian securities regulatory authorities and a solicitation/recommendation statement with the United States Securities and Exchange Commission. Investors and shareholders are strongly advised to read such documents, as well as any amendments and supplements to such documents, because they contain or will contain important information. Investors and shareholders may obtain a free copy of the take-over bid circular, the related letter of transmittal and the registration statement and prospectus and tender offer statement and certain other offer documents, as well as the directors' circular, at www.sedar.com or from the Securities and Exchange Commission's website at www.sec.gov. Free copies of the take-over bid circular, the related letter of transmittal and the registration statement and prospectus and tender offer statement can also be obtained by directing a request to Goldcorp. Free copies of the directors' circular can also be obtained by directing a request to Wheaton River at the address referred to below.

Julia Hasiwar Director, Investor Relations Wheaton River Minerals Ltd. Waterfront Centre 1560-200 Burrard Street Vancouver, British Columbia V6C 3L6

    Wheaton River Minerals Ltd. (TSX:WRM) (AMEX:WHT)

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CONTACT: Wheaton River Minerals Ltd. Julia Hasiwar Director, Investor Relations (604) 696-3000 or Toll Free: 1-800-567-6223 Fax: (604) 696-3001 Email: ir@wheatonriver.com Website: www.wheatonriver.com

KEYWORD: NEW YORK INTERNATIONAL CANADA INDUSTRY KEYWORD: MINING/METALS SOURCE: Wheaton River Minerals Ltd.

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