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[Frank Pembleton]

Placer Dome To Explore Wheaton River's El Oro Project
10/15/02

TORONTO, ONTARIO, Oct 15, 2002 (CCNMatthews via COMTEX) --
Wheaton River Minerals Ltd. ("Wheaton") is pleased to announce the signing of an agreement with Placer Dome CLA Ltd. ("Placer") on the El Oro Project, 150 kilometres northwest of Mexico City, in Mexico. The agreement calls for Placer to conduct exploration on the project, with staged expenditures of US$4 million by December 1, 2006 to earn a 75% interest. Placer can earn a further 10% interest by completing a bankable feasibility study. Upon completion of the feasibility study, Wheaton will also have the right to purchase back 10%, effectively maintaining its position at 25%.

The El Oro Project was acquired by Wheaton as one of the more than 40 exploration projects throughout Mexico included in the Minas Luismin, S.A. de C.V. acquisition, completed on June 19, 2002. El Oro is well known as one of the best examples of a world class bonanza style epithermal gold-silver vein system, with historic production totalling over 8 million ounces of gold and 110 million ounces of silver. The last significant production from the El Oro camp was in the 1920's, and modern exploration methods have yet to be tested in the area. Placer intends to employ proprietary exploration methods in the search for parallel vein systems.

Wheaton continues to entertain joint venture partners interested in advancing other projects in its Mexican exploration portfolio.
http://www.stockhouse.com/news/news.asp?newsid=1355865