September 24, 2003

News Release: Wheaton River Minerals arranges second $100-million share sale in a month

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Wheaton River Minerals Ltd. is pleased to announce that it has entered into an agreement with Griffiths McBurney &Partners and a syndicate of underwriters including BMO Nesbitt Burns Inc., Canaccord Capital Corporation, Orion Securities Inc., Sprott Securities Inc., Research Capital Corporation and Fort House Inc., which have agreed to purchase, on a bought deal basis, 31,750,000 units of the Company at a purchase price of C$3.15 per unit, for aggregate gross proceeds of C$100 million. The underwriters will also have the option to purchase up to an additional 6,350,000 units at the issue price on or prior to the filing of the (final) short form prospectus in respect of the offering for additional gross proceeds of C$20 million. Each unit will consist of one common share of the Company and one-half of one Series B common share purchase warrant. Each whole warrant will entitle the holder to acquire one common share of the Company at a price of C$3.10 at any time on or before August 25, 2008. The Company plans to use the net proceeds of this financing for the advancement of its mineral properties, potential acquisitions and for general corporate purposes. The common shares and warrants comprising the units to be issued under this offering will be offered by way of a short form prospectus in all of the provinces in Canada and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities act of 1933, as amended.

The offering is scheduled to close on or about October 14, 2003 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes 'forward-looking statements'within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those with respect to the price of gold, silver and copper, the timing and amount of estimated future production, costs of production, reserve determination and reserve conversion rates involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Wheaton River to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to the integration of acquisitions, risks related to international operations, risks related to joint venture operations, the actual results of current exploration activities, actual results of current reclamation activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, silver and copper, as well as those factors discussed in the section entitled 'Risk Factors'in the Form 40-F as on file with the Securities and Exchange Commission in Washington, D.C. Although Wheaton River has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Wheaton River Minerals Ltd. Investor Relations 1-800-567-6223 Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Website: www.wheatonriver.com

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