OREANDA-NEWS. November 26, 2015.  GOLDCORP INC. ("Goldcorp") (TSX: G, NYSE: GG) and Teck Resources Limited ("Teck") (TSX: TCK.A & TCK.B, NYSE: TCK) today announced the completion of the previously announced agreement to combine their respective El Morro and Relincho projects into a 50/50 joint venture with the interim name of Project Corridor.

The two projects are located approximately 40 kilometres apart in the Huasco Province in the Atacama region of Chile.  Combining these two assets is expected to provide a number of key benefits including:  reduced environmental footprint, lower cost, improved capital efficiency, optimized mine plan, enhanced community benefits and community engagement.

In combination with community consultation, a Pre-Feasibility Study is expected to commence in the third quarter of 2016 and be completed by the end of 2017.

Goldcorp also announced earlier today that it has completed the transaction to acquire New Gold's 30% interest in the El Morro project for \\$90 million in cash, along with a 4% gold stream payable on future gold production from the El Morro property.

CIBC World Markets acted as financial advisor to Teck and Goldcorp.

For more information about Project Corridor, go to www.proyectocorredor.cl.