Canada's Goldcorp has entered into a binding agreement with Kinross Gold
to acquire Kinross's 49% share of the Porcupine gold mine in northeastern
Ontario and its 32% share of the Musselwhite gold mine in northwestern
Ontario, the company said late Tuesday.

     In exchange, Kinross will receive Goldcorp's 50% stake in the La Coipa
silver-gold mine in Chile and $200 million in cash. The transaction is
expected to close within 60 days. The boards of directors of both Goldcorp and
Kinross have approved the transaction subject to customary closing conditions.

     "This transaction highlights our continuing commitment to simplify our
asset portfolio and to focus efforts within our core operating districts,"
said Kevin McArthur, Goldcorp president and CEO. "In Porcupine and
Musselwhite, we have two solid operations with very long mine lives,
outstanding growth potential and first-rate operating teams. We have enjoyed a
great relationship with Kinross and we are pleased that La Coipa mine will
remain in their capable hands."

     On May 12, 2006, Goldcorp acquired a 51% operating interest in Porcupine,
a 68% operating interest in Musselwhite and a 50% operating interest in La
Coipa. During the first six months of 2007, Porcupine produced a total of
153,333 oz of gold at a total cash cost of $436/oz. Musselwhite produced
109,853 gold oz at a total cash cost of $469/oz. La Coipa produced 37,200 gold
oz and 9.9 million silver oz at a total cash cost of negative $2,526/oz. Cash
costs are calculated on a byproduct accounting basis.

     At January 1, proven and probable gold reserves at Porcupine and
Musselwhite were 3.49 million oz and 1.78 million oz respectively. Porcupine
is expected to produce in the range of 325,000-350,000 gold oz/year at a total
cash cost between $380 and $420/oz. Musselwhite is expected to produce in the
range of 225,000-250,000 gold oz/year at a similar total cash cost.