Goldcorp says negotiations continuing on land claim settlement with Cerro Gordo These negotiations are taking place under the official observation of the office of the Mexican Secretary of the Economy and Goldcorp believes that proper representatives of both parties are currently engaged in a constructive process. Goldcorp has recently received notice from a Canadian law firm purporting to represent the Cerro Gordo Ejido threatening to commence litigation against Goldcorp in Canada concerning these same lands, in an apparent effort to disrupt the ongoing negotiations and legal process from continuing under the auspices of the Mexican judicial system. Goldcorp and Minera Peñasquito have assessed the underlying allegations of the proposed litigation and believe they are baseless and without merit and will vigorously defend any claim if one is filed. Goldcorp believes it is in the best interests of all concerned to continue with the good faith efforts toward a mutually beneficial settlement rather than engage in litigation in Canada that could indefinitely defer any final resolution of this matter.
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