Contact Information:
Glamis Marigold Mining Company
P O Box 160
Valmy, Nevada 89438

Tel: (775) 635-2317
Fax: (775) 635-2455
Contact: Tim Janke, General Manager

Location: The Marigold mine is located in Humboldt County in central Nevada approximately 30 miles east of the town of Winnemucca and five miles south of Interstate 80. The property comprises 29 square miles in total and is two-thirds owned by Glamis Gold Ltd. and one-third owned by Barrick Gold Corp. Glamis is the operator.

Project Description: Glamis first acquired its interest in the property in 1999 as part of the Rayrock Resources Inc. acquisition. After a comprehensive optimization study of the Marigold mine, Glamis transformed the property into a conventional run of mine heap leaching operation and completely suspended milling operations. With the discovery of additional oxide ore zones, the joint venture partners made a decision to proceed with the Marigold expansion project that is now well underway.

As a result of the expansion program, Glamis' share of gold production is projected to rise to more than 90,000 ounces in 2003 from 55,550 ounces produced in 2002. Once the Marigold expansion program is fully implemented, the company's share of gold production is forecast to rise to an average of 110,000 ounces annually at a total cash cost of $150 per ounce.

Exploration: Exploration has been very successful at Marigold in the last few years and Glamis is confident that additional oxide mineralization will be discovered. Current work is focused mainly on the promising Section 7 area where the Company has encountered drill intercepts of up to 120 feet at grades of 0.035 ounces of gold per ton. The oxide mineralization is fairly deep, but with the substantial cost savings achieved in the past few years, this new zone could well play an important role in the mine's future.

At present, proven and probable reserves total almost two million ounces (on a 100 percent basis) and the mine poured its one millionth ounce in December 2002.

Measured and Indicated Resource
as of December 31, 2005

Measured and Indicated Resources, for purposes of determining a reasonable expectation of eventual economic extraction, are estimated using a $500 per ounce gold price.