:: Mexican sale for Electrometals Technologies

Directors are pleased to announce that agreement has been reached for Electrometals Technologies to supply two EMEW^® plants to Desarollos Mineros San Luis S.A. de C.V. of Durango, Mexico ("Luismin"). One plant will recover raw silver powder from a cyanide pregnant leach solution (PLS). The second plant will then recover silver (and gold) dore in an EMEW® plating plant from a high-grade silver-in-cyanide solution, after re-dissolving the raw silver powder in a cyanide solution.

The total value of this sale is $2.17 million; a substantial deposit has been received. The plants are due to be commissioned in the middle of 2006.

The sale of these plants follows extensive laboratory scale and pilot plant scale tests at the Tayoltita silver (and gold) mine, using PLS produced in the normal course of operations. At present, silver and gold are produced at the Tayoltita mine using long-established Merrill Crowe technology. Luismin has chosen to first treat 10% of the PLS (1,100 m3/day) through the EMEW^® plants as a major test of the EMEW^® technology, to be measured against the performance of the existing Merrill Crowe plant.

In the event that the Luismin management is satisfied with the technical and financial performance of these EMEW^® test plants, then Luismin will consider the full implementation of the EMEW^® powder and plate (dore) plants at the Tayoltita mine.

Luismin is part of Silver Wheaton Corp, which in turn is part of Goldcorp Inc, after the recent merger of Wheaton Minerals and Goldcorp.