PORCUPINE MINE

Goldcorp provided highlights of its $110 m 2009 exploration program conducted on the Red Lake gold mine in Ontario, Canada; Penasquito gold-silver-lead-zinc open pit mine in Zacatecas State, Mexico; Porcupine's Hoyle Pond mines in Ontario, Canada, Musselwhite property in Ontario, Canada and Los Filos property in the state of Guerrero, Mexico.

In the quarter ended Jun30/09, gold production at the Porcupine mine was 10%, or 7,200 ounces, more than in the second quarter of 2008, due to 12% increased mill throughput and 3% higher grades. As mining of the bottom of the Pamour open pit is nearing completion, the mine is experiencing 4% higher tonnage at comparable grades. In addition, previous improvements to sand fill removal from ore in the Dome underground continued to produce operational benefits with 37% higher grades and 60% higher tonnage. Partially offsetting these increases are 8% lower grades and 14% lower tonnage at Hoyle Pond, as its underground ore supply decreased due to scheduled track upgrades and loader availability. Exploration during the second quarter of 2009 continued to focus on the Hoyle Pond with drilling in areas directly below the current mining horizon and further down dip to test the extent of the ore body at depth. Drilling results in both areas continue to be encouraging and illustrate orebody continuity to depth.

Gold production for the current quarter was 13%, or 10,700 ounces, less than in the second quarter of 2007, mainly due to a 6% decrease in mill throughput and a 4% reduction in grade. The three main operations in production during the period were the Hoyle Pond underground, the Pamour open pit and the Dome underground. In comparison to the prior year, Hoyle Pond experienced 15 % lower grades and slightly lower tonnage. Dome underground experienced significantly lower grades (61%) due to the majority of the tonnage coming from the lower grade bulk zone and a 29% decrease in tonnage due to difficulties handling sand fill (from the old underground workings) in the ore. An underground screening plant to increase production by separating sand fill from ore is scheduled for commissioning in July. The Pamour Pit provided a significant increase in ore feed for the mill while overall pit material feeds, including the stockpiles, showed an 8% increase in grade and 12% decrease in tonnage. Cash costs were 46%, or $205 per ounce, higher than in the second quarter of 2007 due to reduced ounces ($121 per ounce impact, or 59%), higher operating costs ($32 per ounce impact, or 16%), and a stronger Canadian dollar ($52 per ounce impact, or 25%). The increase in operating costs was attributable to labour ($2 million), maintenance repair parts ($1 million), the price of diesel fuel ($1.6 million), and electricity ($0.5 million). Gold production was 6% higher than in the first quarter of 2008 due to a 10% improvement in grade, which was partially offset by the 7% reduction in mill throughput.