CORRECTION: Glamis Updates Cerro Blanco Project.

Business Editors

NOTE TO EDITORS...Correction by Glamis Gold Ltd.

In the release issued earlier today, Feb. 17, 2000 for Glamis

Gold Ltd., in the table header Preliminary Open Pit Resource (at

0.05 g/t cut-off) should read Preliminary Open Pit Resource (at

0.50 g/t cut-off). The complete and corrected release follows.

RENO, NV--(BUSINESS WIRE)--Feb. 17, 2000

Glamis Gold Ltd.(TSE:GLG.)(NYSE:GLG) Glamis Gold Ltd. today announced results of the drilling program on its Cerro Blanco exploration project in Guatemala completed in late 1999.

Cerro Blanco was acquired as part of the Mar-West merger in December, 1998. In its most recent program, Glamis drilled 37 reverse circulation drill holes (4,811 meters), for a total of 56 holes (8,429 meters) in the project to date. The drilling results, including location map, drill hole map and cross section, can be viewed at the &uot;What's New&uot; section of the Glamis web site at www.glamis.com.

Based on all of the drilling results to date, a geologic resource has been calculated for the Cerro Blanco deposit. Using a cut-off grade of 0.3 grams per tonne, the geologic resource amounts to 2.6 million ounces of gold at an average grade of 0.96 grams per tonne. Of this total resource, 54% of the gold ounces fall into the measured and indicated category and 46% are inferred. At a 1.0 gram per tonne cut-off grade, the resource is 1.2 million ounces of gold at an average grade of 1.97 grams per tonne, 66% of which is measured and indicated and 34% inferred.

Metallurgical testing indicates that the high-grade portion of the resource will likely require milling to achieve optimum gold recovery. Initial test work indicates 85% gold recovery and 78% silver recovery can be expected with a nominal 150-mesh grind. The lower-grade portions may be amenable to dump leaching, although at a much reduced recovery rate. Additional metallurgical test work will be conducted to verify these recovery rates.

An internal scoping study has been prepared that includes an open-pit design based on preliminary economic parameters. These results include inferred resources within the pit design, based on wide-spaced drilling that will require significant in-fill confirmation drilling:

Preliminary Open Pit Resource (at 0.50 g/t cut-off)

             Ore          Gold         Silver    Gold       Silver
             tonnes       g/tonne      g/tonne   ounces     ounces
            (millions)
Mill ore     10.2         2.47         30.08     810,040    9,865,784
Dump Leach
  ore        18.7         0.70         12.39     420,810    7,448,342
Total
  resource   28.9         1.32         18.63     1,230,850  17,314,126

             Equiv.*      Equiv.       Waste     Strip
             Au grade     Gold         tonnes    Ratio
             g/tonne      ounces      (millions)
Mill ore     3.00         982,691
Dump Leach
Ore          0.92         551,156
Total
  Resource   1.65         1,553,847    48.1      1.66:1

*equivalent gold calculated using $300/oz gold price and $5.25/oz
silver price

At $300 gold and $5.25 silver, the scoping study indicates a modest 10.4% IRR for this resource, with a capital expenditure of approximately $70 million. A total cash cost of less than $200 per equivalent ounce of gold is projected. Project economics will improve with higher gold prices or higher throughput rates.

The Company has concluded that the current resource at Cerro Blanco must be expanded to justify elevating it to a feasibility-level project. As a result, additional drilling is scheduled to commence in the first quarter of 2000. The drilling will focus both on expansion of the total resource and selective in-fill of the inferred zones within the open pit resource area.

Although the project is not yet in a position to proceed to feasibility, President and CEO Kevin McArthur said, &uot;We remain optimistic that with additional work, the Cerro Blanco project will move forward in the Glamis development pipeline. Additionally, we continue to pursue other avenues of growth in accordance with our strategic plans.&uot;

Glamis Gold Ltd. is an intermediate gold producer operating gold mines in Nevada and California. With its strong cash position and no debt, Glamis continues to conduct exploration programs and to seek new opportunities for growth in the southwestern United States and Latin America.

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 &uot;forward-looking statements&uot; 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, estimated future production, costs of production, capital expenditures, reserve determination, the Company's hedging policy and permitting time lines, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, as well as those factors discussed in the section entitled &uot;Other Considerations&uot; in the Company's Annual Report on Form 10-K.

On behalf of the Board

David L. Hyatt,

Vice President, Investor Relations