University of Ottawa Receives $1.5 million for Goldcorp Chair in Economic Geology

November 16, 2006

Source: University of Ottawa
http://www.media.uottawa.ca/mediaroom/news_details-e.php?nid=1019

OTTAWA, November 16, 2006 — The University of Ottawa's Faculty of Science and Goldcorp Inc. are pleased to announce the creation of the new Goldcorp Chair in Economic Geology. Goldcorp Inc., the world’s premier gold mining company, has pledged a gift of $1.5 million to the University of Ottawa as an endowment for the Chair.

"We are very pleased that the Department of Earth Sciences will receive the first ever endowed Chair in the Faculty of Science," says Professor Christian Detellier, former Dean of the Faculty of Science, who helped establish the Chair. "Goldcorp's gift will help us to develop a new program in research and education related to mineral resources in the Canadian Shield."

The holder of this first Chair is Dr. Mark Hannington. He joined the Department of Earth Sciences in January, 2005, and brought 15 years of research experience on gold and base metal deposits, from ancient volcanic environments in the Canadian Shield to actively forming mineral deposits on the modern ocean floor. He is also Editor of the prestigious earth science journal, Economic Geology.

Through its support of the Chair in Economic Geology, Goldcorp Inc. will be a founding member of a new Canadian Shield Research Institute being created at the University of Ottawa to promote interdisciplinary research and education in the area of natural resources in the Canadian Shield. The new Goldcorp Chair will play a lead role in the development of the Institute.

The resources of the Canadian Shield are vitally important to the economy of Canada and to the future prosperity of northern communities.

Continuing advances in the understanding of the geological makeup and the complex natural systems of the Shield will be essential for the responsible development of these resources. Goldcorp's generous support will assist the university in developing the new research directions and training that will help scientists, engineers, and policy makers balance the environmental, social, and economic objectives of future development in the Shield.

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Contacts:

Lyse HuotUniversity of Ottawa613-562-5800 ext. 3150(cell.)613-863-7221lhuot@uOttawa.ca

Mélanie PilonGoldcorp Inc.604-696-3024mpilon@goldcorp.com