Royal Canadian Mint reaches world's first agreement with IOC to produce bullion coins to promote the spirit of the Vancouver 2010 Olympic and Paralympic Winter Games



    OTTAWA, Aug. 3 /CNW Telbec/ - The Royal Canadian Mint (RCM) is pleased to
announce that it has finalized an agreement with the International Olympic
Committee (IOC) granting it permission to mint bullion coins bearing the
emblem of the Vancouver 2010 Olympic and Paralympic Winter Games and the famed
rings of the Olympic Movement. This agreement is a first of its kind for the
global bullion industry.
    The RCM intends to produce a series of Vancouver 2010 Olympic Winter
Games Gold Maple Leaf bullion coins and Vancouver 2010 Olympic Winter Games
Silver Maple Leaf bullion coins over the next three years. The design of the
2008 gold and silver bullion coins will be unveiled in August 2007, while the
first issue of these coins is forecast for market release in September-October
2007. Two more annual issues (2009 and 2010) will follow. The coins will be
distributed through the RCM's extensive network of bullion dealers.
    "Now that our bullion coins will be complemented by the Olympic brand,
the Royal Canadian Mint will be able to promote the spirit of the Olympic and
Paralympic Games across three of its major business lines: gold and bullion,
Canadian circulation coins and numismatics," said Ian E. Bennett, President
and CEO of the Royal Canadian Mint. "We are thrilled that our universally
acclaimed Maple Leaf bullion products will gain even more prestige and
exclusivity as we count down to the excitement of the Vancouver 2010 Olympic
and Paralympic Winter Games."
    "VANOC congratulates the Royal Canadian Mint on their Vancouver 2010
Olympic Winter Games Gold and Silver Maple Leaf bullion coins that will help
to promote the Olympic spirit in Canada and throughout the world." said
Dave Cobb, Executive Vice President of the Vancouver Organizing Committee for
the 2010 Olympic and Paralympic Winter Games.

    About the International Olympic Committee

    The International Olympic Committee (IOC), created in 1894, is a
non-governmental organisation with volunteer members who represent its work
around the world, and an administrative staff based in Lausanne, Switzerland.
The IOC and its 203 National Olympic Committees worldwide promote the Olympic
Movement, whose vision is to contribute to building a peaceful and better
world by educating youth through sport. In addition to selecting the host city
and coordinating the staging of the Olympic Games, the IOC and NOCs
collaborate with a range of organisations and their members in the public and
private sectors to place sport at the service of society. The main goal is to
promote the values of Olympism, which include excellence, respect and
friendship.

    About the Royal Canadian Mint

    The Royal Canadian Mint, an ISO 9001-2000 certified company, is the Crown
corporation responsible for the minting and distribution of Canada's
circulation coins. The Royal Canadian Mint is recognized as one of the largest
and most versatile mints in the world, offering a wide range of specialized,
high quality coinage products and related services on an international scale
such as foreign circulation coins, numismatics, bullion and refinery services.
For more information on the Royal Canadian Mint, its products and services,
visit www.mint.ca.

    About the Vancouver Organizing Committee (VANOC)

    VANOC is responsible for the planning, organizing, financing and staging
of the XXI Olympic Winter Games and the X Paralympic Winter Games in 2010. The
2010 Olympic Winter Games will be staged in Vancouver and Whistler from
February 12 to 28, 2010. Vancouver and Whistler will host the Paralympic
Winter Games from March 12 to 21, 2010.




For further information:

For further information: Alexandre Reeves, Manager, Communications,
Royal Canadian Mint, (613) 949-5777, (613) 991-5342, Fax: (613) 991-2628,
Mobile: (613) 884-6370, reeves@mint.ca; IOC Communications Department: +41 21
621 60 00, pressoffice@olympic.org


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