Goldcorp Provides Operational Update

Goldcorp Inc.

provides an update in advance of an upcoming analyst and investor tour at Cerro Negro, a project that includes several high-grade veins located on the low-elevation Patagonian plains of southern Argentina. With production expected to average approximately 550,000 ounces of gold in its first five full years in production, Cerro Negro is well-positioned as Goldcorp's next cornerstone gold mine. The development plan for Cerro Negro anticipates plant throughput of 4,000 tonnes per day and allows for concurrent mining from multiple veins. Mining will initially take place in the Eureka, Mariana Central and Mariana Norte veins following approval of the amended Environmental Impact Assessment (

) by the Provincial authorities in the Santa Cruz province. Development of the Eureka vein has advanced on schedule under previous authorizations, and development of the Mariana Central and Mariana Norte veins will commence upon receipt of the approval.