Goldcorp signs landmark mining agreement with Crees of northern Quebec

On February 21, 2011, Goldcorp Inc. (NYSE: GG) (TSX: G), the Cree Nation of Wemindji, the Grand Council of the Crees and the Cree Regional Authority signed a Collaboration Agreement regarding the development and operation of Goldcorp's Éléonore Gold Project ("the project") in northern Québec. Under the agreement, the subject of negotiations since 2007, Goldcorp recognizes and respects Cree rights and interests in the area of the project and the Crees recognize and support Goldcorp's rights and interests in the development and operation of the project. It includes provisions regarding the participation of the Crees in the development of the project throughout the life of the mine, including employment and business opportunities and training and education initiatives. The agreement reflects Goldcorp's commitment to protecting the environment and supporting the Crees' social and cultural practices in a spirit of continued collaboration.Les Mines Opinaca Ltée, a wholly-owned subsidiary of Goldcorp, owns the project and is the signatory to the Collaboration Agreement with the Crees.The agreement is the first of its kind signed after "The Peace of the Braves", a historic agreement signed on February 7, 2002, after decades of court battles between the Cree and the Government of Québec.Goldcorp was advised in the negotiation of this agreement by Jean M. Gagné of Fasken Martineau who was assisted by Charles Kazaz (environmental), Gilles Carli (tax), Guy Dion (labour), Jean Masson (CSR and public relations) and Emelie Nadeau (corporate).