VANCOUVER, BRITISH COLUMBIA–(Marketwire – Feb. 19, 2008) – GOLDCORP INC. (TSX:G)(NYSE:GG) today announced that proven and probable gold reserves increased 9% in 2007 to 43.4 million ounces as of January 1, 2008. Proven and probable silver reserves increased 37% to 1.1 billion ounces.
Significant drivers of the gold reserve increase included a net addition of 3.1 million ounces at the Penasquito project in Mexico and 1.1 million ounces at Los Filos mine in Mexico. Acquiring full ownership of the Porcupine and Musselwhite mines in Canada added nearly 2 million gold ounces to reserves, offset by the disposition of Peak, Amapari and La Coipa during the year.
Qualified Persons for the Mineral Reserve and Mineral Resource estimates as defined by National Instrument 43-101 are as follows: Marlin Mike Hester, P.E., Independent Mining Consultants, Inc.