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Goldcorp Buys All Outstanding Shares of Andean Resources

GOLDCORP INC. (TSX: G, NYSE: GG) today announced the scheme of arrangement involving Andean Resources Limited 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.

Source: GOLDCORP INC.

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