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Peter Leads a Global Mining House

Placer Dome Inc. announced Peter Tomsett as the company's new President and Chief Executive Officer effective September 15, 2004. Peter is replacing Jay Taylor who announced his retirement in March.

Peter has been with Placer Dome for 18 years, most recently as Executive Vice-President of Placer Dome Asia Pacific and Africa. Under his leadership, the Asia Pacific region grew to become the company's largest operating unit through successful exploration, development and acquisition.

Mr. Tomsett graduated with a Bachelor of Engineering (Honours) in Mining Engineering from the University of New South Wales and attained a Master of Science (Distinction) in Mineral Production Management from the Imperial College London. He is Director of the Minerals Council of Australia and the Australian Gold Council.

Placer Dome is one of the world's largest and most successful gold mining companies, with interests in 17 mines on five continents and a presence in the world's most prolific gold districts. From a head office in Vancouver, Canada, Placer Dome employs nearly 13,000 people in Canada, the U.S., Chile, Australia, Papua New Guinea, Tanzania and South Africa. In 2004 the company expects to produce 3.6 million ounces of gold and over 400 million pounds of copper.