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Goldcorp Acquires Investment in Osisko

Tuesday, August 11th, 2009

Goldcorp Inc. (NYSE: GG; TSX: G) announce that it has acquired 8,462,500 common shares of Osisko Mining Corporation (“Osisko”) and 4,271,500 common share purchase warrants of Osisko on the TSX. Each warrant is exercisable for one common share of Osisko for $5.45 per share until November 17, 2009.
The securities acquired represent approximately 3.2%, of the outstanding common shares of Osisko before giving effect to the exercise of the warrants and approximately 4.8% of the outstanding shares of Osisko after giving effect to the exercise of the warrants acquired by Goldcorp (but before the exercise of any other warrants or convertible securities of Osisko). After giving effect to the transaction, Goldcorp beneficially owns or exercises control or direction over 33,842,500 common shares (approximately 12.9% of the outstanding common shares) and 4,271,500 warrants. Goldcorp has acquired the common shares and warrants of Osisko for investment purposes. Goldcorp has no present intention to increase its holdings in Osisko although it will evaluate the investment in Osisko and whether to increase or decrease its shareholdings in response to market conditions, the business and prospects of Osisko and other factors.
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