Goldcorp Inc.

Goldcorp Inc.

April 17, 2007 19:03 ET

Goldcorp Extends Canadian Tax Election Deadline

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 17, 2007) - GOLDCORP INC. (TSX:G)(NYSE:GG) has extended to May 1, 2007 the deadline for accepting Canadian tax elections associated with the acquisition of Glamis Gold.

Goldcorp acquired Glamis Gold effective November 4, 2006 pursuant to a Plan of Arrangement. Eligible Holders of Glamis Gold shares as defined in the tax commentary of the Glamis Gold Notice and Information Circular dated September 25, 2006 were to have delivered tax election forms to Goldcorp by February 2, 2007 in order for Goldcorp Inc. to execute the forms.

All forms accurately prepared, completed and received by May 1, 2007 will be executed by Goldcorp. Incomplete or inaccurate forms that have not been corrected and received by Goldcorp by the deadline will not be executed. As set out in the Information Circular, Goldcorp is not liable for any penalties payable by an Eligible Holder in respect of that holder's late filing of the tax election form with the Canada Revenue Agency.

Goldcorp is one of the world's lowest-cost and fastest growing multi-million ounce gold producers with operations throughout the Americas. Its gold production remains 100% unhedged.

Cautionary Note Regarding Forward-Looking Statements

Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those with respect to the price of gold, silver, copper, zinc and lead, the timing and amount of estimated future production, costs of production, reserve determination and reserve conversion rates involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Goldcorp to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to the integration of acquisitions, risks related to international operations, risks related to joint venture operations, the actual results of current exploration activities, actual results of current reclamation activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, silver and copper, zinc and lead as well as those factors discussed in the section entitled "General Development of the Business - Risks of the Business" in Goldcorp's Form 40-F on file with the Securities and Exchange Commission in Washington, D.C. and Goldcorp's Annual Information Form on file with the securities regulatory authorities in Canada. Although Goldcorp has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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