Extremal black holes are studied in a two-dimensional model motivated
by a dimensional reduction from four dimensions. Their quantum-correct
ed geometry is calculated semiclassically and a mild singularity is sh
own to appear at the horizon. Extensions of the geometry past the hori
zon are not unique but there are continuations free from malevolent si
ngularities. A few comments are made about the relevance of these resu
lts to four dimensions and to the study of black hole entropy and info
rmation loss.