Goldcorp Completes $1.566 Billion Secondary Offering of Silver Wheaton Shares

On February 14, 2008, Goldcorp Trading (Barbados) Limited, an indirect wholly-owned subsidiary of Goldcorp Inc., completed the sale of 108,000,000 common shares of Silver Wheaton Corp. at a price of $14.50 per common share for aggregate gross proceeds to Goldcorp Trading of $1,566,000,000. The offering represents the sale of Goldcorp Trading's entire remaining stake in Silver Wheaton. This offering represented the largest bought deal in Canadian history and third largest mining secondary offering globally.

The syndicate of underwriters was co-led by Macquarie Capital Markets Canada Ltd., Genuity Capital Markets and GMP Securities L.P., with Macquarie Capital Markets Canada Ltd. and Genuity Capital Markets as co-bookrunners, and included CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Canaccord Capital Corporation and Merrill Lynch Canada Inc.

Cassels Brock & Blackwell LLP acted for Goldcorp with a team led by Paul Stein and Mark Bennett (securities, mining) and including Jennifer Traub (securities, mining) and Sean Maniaci (securities). The underwriters were represented by Stikeman Elliott LLP with a team led by Maurice Swan and Jay Kellerman and including Rhoda Aylward and Janene Charles. McCarthy Tétrault LLP acted as special counsel to Silver Wheaton with a team led by Cameron Belsher and including Sven Milelli and Catherine Anderson. Dorsey & Whitney LLP acted as US counsel to Silver Wheaton and Goldcorp with a team led by Gil Cornblum and including Christopher Barry and Jodie Kaufman. Andrew Foley and Jane Danek of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as US counsel to the underwriters.