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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: E. Charters2/8/2006 3:56:19 PM
   of 78419
 
You got a thing about you
I just can't live without you
I really want you Elenore near me
Your looks intoxicate me
Even though your folks hate me
There's no one like you Elenore really
Elenore gee I think you're swell
And you really do me well
You're my pride and joy et cetera
Elenore can I take the time
To ask you to speak your mind
Tell me that you love me better
I really think you're groovy
Let's go out to a movie
What do ya say now, Elenore can we?
They'll turn the lights way down low
Maybe we won't watch the show
I think I love you, Elenore, love me
Elenore, gee I think you're swell
And you really do me well
You're my pride and joy, et cetera
Elenore, can I take the time
To ask you to speak your mind?
Tell me that you love me better
One more time!
Elenore, gee I think you're swell, ah-hah
Elenore, gee I think you're swell, ah-hah-hah

VIRGINIA EXECUTES DEFINITIVE AGREEMENT WITH GOLDCORP

Virginia Gold Mines Inc. (“Virginia”, VIA:TSX) is very pleased to announce that it has executed a definitive agreement with Goldcorp Inc. (“Goldcorp”, G:TSX, GG:NYSE) by which Goldcorp will acquire, through an approved plan of arrangement, all of the outstanding securities of Virginia. Full details of the definitive agreement will be included in the proxy circular expected to be mailed to Virginia shareholders in January 2006.

Under the agreement, each Virginia shareholder will receive 0.40 of a Goldcorp common share and 0.50 of a share in a new public exploration company (“New Virginia”) for each issued Virginia share. Virginia will transfer to New Virginia approximately C$31 million in cash (including receivables and short-term investments), cash to be received prior to closing from the exercise of Virginia options and Virginia warrants, its non-Éléonore exploration assets and a sliding scale two percent net smelter return royalty on the Éléonore property.

Virginia is among the most active mining exploration companies in Québec with working capital of over C$30 million, debt free, and with approximately 46 million shares issued and outstanding. Virginia’s shares trade on the Toronto Stock Exchange (TSX) under the symbol VIA. Virginia concentrates its activities on its numerous properties that are spread over the vast unexplored regions of northern Québec.

For additional information, please contact:

André Gaumond, President
Paul Archer, V.P. Exploration (QP)
Amélie Laliberté, Investor Relations
Tel:800-476-1853 – 418-694-9832
Fax: 418-694-9120
Email: mines@virginia.qc.ca
Web : virginia.qc.ca

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