Toronto Stock Exchange: G New York Stock Exchange: GG Goldcorp Earnings Increase And Dividend Doubles On Record Operating Cash Flow VANCOUVER, BRITISH COLUMBIA, October 27, 2010 � GOLDCORP INC.

(TSX: G, NYSE: GG) today reported third quarter gold production of 596,200 ounces and lower cash costs of production, leading to record operating cash flows before working capital changes1 of $470.6 million.�Reported net earnings in the quarter were $466.5 million compared to $114.2million in the third quarter of 2009.�Adjusted net earnings2 were $231.5 million, or $0.31 per share, compared to $140.6 million, or $0.19 per share, in the third quarter of 2009. Quarter Highlights Revenues increased 28% over the 2009 third quarter, to $885.8 million, on gold sales of 568,100 ounces.� Total cash costs3 for the quarter were $260 per ounce on a by-product basis and $429 per ounce on a co-product basis.

Operating cash flows before working capital changes totalled $470.6 million.

Commercial production declared at Pe�asquito; successful ramp-up continues with mechanical completion of high pressure grinding roll circuit. Andean Resources acquisition to add high quality gold production growth.

San Dimas and Terrane divestitures further focus portfolio and enhance balance sheet. Dividends paid amounted to $33.2million. Dividend increased 100% to $0.36 per share ($0.03 per month). To read the complete news release, please see our web site at http://goldcorp.com/_resources/news/nr_2010_10_27.pdf Remove me from this mailing list http://dissemination.blendermedia.com:81/u?id=1018024U&l=goldcorp