Goldcorp Inc.

Goldcorp Inc.

October 27, 2006 16:17 ET

Goldcorp/Glamis Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 27, 2006) - GOLDCORP INC. (TSX:G)(NYSE:GG) announced that yesterday Glamis Gold Ltd. approved the plan of arrangement with Goldcorp having received an overwhelming 98.6 percent of the votes cast at its shareholder meeting in favour of the plan of arrangement and today the Supreme Court of British Columbia granted Glamis its final order approving the plan of arrangement.

An appeal of the October 24, 2006 decision of the Ontario Superior Court of Justice has been scheduled to be heard on November 1, 2006. The Court had dismissed the application brought by Robert McEwen and determined that Goldcorp has complied with all applicable laws with respect to the transaction with Glamis. Goldcorp expects that the decision on the appeal will be rendered shortly thereafter.

Goldcorp expects the acquisition of Glamis to be completed by mid November.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Goldcorp and Glamis, respectively, to be materially different from those expressed or implied by such forward-looking statements. 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. Goldcorp and Glamis do not undertake to update any forward-looking statements that are made herein, except in accordance with applicable securities laws.

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