Recently the Film Photography Podcast has mentioned a spray called DeoxIT that works well for restoring life back to oxidized or corroded contacts
DeOxit is an excellent product designed for a very specific purpose...
It reduces silver oxide back to metallic silver, and does it very well.
It's not a general-purpose contact cleaner, as some folks would have you believe. And it's quite expensive as compared with standard contact cleaners.
But as I said, it works very well for its intended purpose. I have both the spray and liquid versions in my repair stock.
For general contact cleaning, particularly of gold-plated contacts, a pencil eraser applied very gently works wonders. Regarding Ralph's comment above, the eraser is not intended to remove corrosion, only surface contamination and dirt. And it's quite cheap.
- Leigh