GOLDCORP ANNOUNCES COMPLETION OF ACQUISITION OF ANDEAN RESOU

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Lowest-cost, fastest growing senior gold producer.

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GOLDCORP ANNOUNCES COMPLETION OF ACQUISITION OF ANDEAN RESOU

posted on Dec 29, 2010 10:27PM

RCES

cnw

Toronto Stock Exchange: G

New York Stock Exchange: GG

VANCOUVER, Dec. 29 /CNW/ - GOLDCORP INC. (TSX: G, NYSE: GG) today announced the scheme of arrangement ("Scheme") involving Andean Resources Limited ("Andean") and its shareholders has been implemented and Goldcorp has acquired all of the outstanding shares of Andean.

Certificates representing Goldcorp shares issued as share consideration and cheques for cash consideration (for those Andean shareholders that elected to receive cash) have been dispatched to Andean shareholders. The new Goldcorp shares issued as consideration will commence trading on the TSX and NYSE on December 30, 2010.

Goldcorp is one of the world's fastest growing senior gold producers. Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.

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