Placer Dome declares dividend All amounts in U.S. dollars VANCOUVER, July 20 /PRNewswire-FirstCall/ -- Placer Dome Inc. (NYSE, TSX, ASX: PDG) today declared a semi-annual dividend of $0.05 per common share, payable on September 20, 2004, to shareholders of record at the close of business on August 20, 2004. Shareholders with addresses in Canada and Australia will be paid the equivalent amount in the currencies of those countries, converted at an exchange rate in effect on the record date. Vancouver-based Placer Dome Inc. operates 17 mines on five continents. The company's shares trade on the Toronto, New York, Swiss and Australian stock exchanges and Euronext-Paris under the symbol PDG. For further information please contact: Investor Relations: Greg Martin (604) 661-3795 Media Relations: Theresa Coles (604) 661-1911 For enquiries related to shares, transfers and dividends please contact: CIBC Mellon Trust Company, Toll-free within North America (800) 387-0825 Collect calls accepted from outside North America (416) 643-5500 Head Office Suite 1600, Bentall IV 1055 Dunsmuir Street (PO Box 49330, Bentall Postal Station) Vancouver, British Columbia Canada V7X 1P1 Tel: (604) 682-7082 Fax: (604) 682-7092 On the internet: http://www.placerdome.com/ DATASOURCE: Placer Dome Inc. CONTACT: Investor Relations: Greg Martin, (604) 661-3795; Media Relations: Theresa Coles, (604) 661-1911

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