MARLIN

Goldcorp Inc. provided a company update.

Gold and silver production at Marlin mine for the second quarter of 2010 were 13%, or 8,500 ounces, and 62%, or 552,800 ounces, more than in the second quarter of 2009 due to 47% and 68% higher gold and silver grades, respectively, and 5% and 33% higher gold and silver recoveries, respectively, offset by 31% lower tonnage. The higher recoveries were due to improvements in processing and the Merrill Crowe circuit. The higher grades and lower tonnage were consistent with the modified mine plan which will maintain production levels with a focus on higher grades and lower tonnage to reduce the generation of tailings until the third quarter of 2011 while the construction of a tailings filter plant is being completed.

Gold and silver production at Marlin mine for the first quarter of 2010 were 7%, or 4,400 ounces, and 46%, or 397,100 ounces, more than in the first quarter of 2009, respectively, due to 24% and 42% higher gold and silver grades, respectively, 2% and 26% higher gold and silver recoveries, respectively, offset by 11% lower tonnage. The higher grades were due to mining of higher grade underground and open pit areas. The higher recoveries were due to improvements in the process and Merrill Crowe areas. Cash costs for the first quarter of 2010 were 50%, or $108 per ounce, lower than in the first quarter of 2009 due to higher silver byproduct sales credits ($144 per ounce, or 133%) and higher gold production ($16 per ounce, or 15%), offset by higher operating costs ($52 per ounce, or 48%). The increase in operating costs was primarily attributable to higher underground consumables ($1.2 million), contractors ($0.8 million), royalties ($0.8 million), power ($0.8 million) and fuel ($0.5 million).