Goldcorp Inc.
TSX : G
NYSE : GG

Goldcorp Inc.

April 11, 2007 20:38 ET

Goldcorp to Host Investor Day

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 11, 2007) - GOLDCORP INC. (TSX:G)(NYSE:GG) will hold an Investor Day on April 12th to present information on the gold mining activities and development projects that form the basis of its peer-leading growth profile over the next five years. A $120 million exploration program concentrating on organic growth opportunities throughout Goldcorp's asset portfolio is yielding strong preliminary results. The Investor Day presentation will be webcast and all presentation slides will be posted to Goldcorp's website at www.goldcorp.com.

Red Lake

At the Red Lake Gold Mines in Ontario, Canada, discussion will focus on underground development, recent drilling results and expansion progress that is expected to drive annual gold production growth from the current forecast of 790,000 ounces in 2007 to one million ounces by 2011. Sinking of the No. 3 shaft has been completed and full shaft operation remains on schedule for completion by the end of 2007. A $26 million exploration budget continues to focus on five key areas: the deep high grade and sulfide zones, deep Campbell zone, the under-explored party wall that formerly separated Campbell and Red Lake, and surface targets for a potential large open pit concept. As expected, work in each of these areas is yielding positive results. Illustrations of these concepts and complete drill hole data sets are now available at www.goldcorp.com.

Porcupine Joint Venture

Drill results have also been made available on the Goldcorp website for the 51% owned Porcupine Joint Venture in Ontario, Canada. Extension drilling at depth at the Hoyle Pond underground mine continues to define and discover high grade reserves. Over $4 million will be invested in 2007 on over 71,000 meters of drilling to identify new growth opportunities at Hoyle Pond.

Also at the Porcupine Joint Venture, closure plans for the Hollinger and McIntyre Mines were recently accepted by the Ministry of Northern Development & Mines. A major component of this closure plan is the established practice of restricting access to known mine hazards with the current system of fences. Although not the focus of this initial closure plan, one long-term option being evaluated by the Porcupine Joint Venture is to remove many of the known surface hazards and subsidence areas through the potential mining of remnant gold mineralization as part of an open pit mining operation.

Drilling is continuing on the Hollinger Project with over 50,000 meters of additional drilling planned for 2007. Preliminary Hollinger and McIntyre data compilation completed in 2006 has allowed the PJV to report an indicated gold resource of 2.14 million ounces and a further 2.24 million ounces in the inferred resource category. This information provided the basis for moving this project from concept to pre-feasibility.

Musselwhite Joint Venture

At the 68% owned Musselwhite mine in Ontario, recent drilling at PQ Deeps has demonstrated potential for significant growth in gold reserves. This mine will continue to benefit from recent investments in plant upgrades and new equipment to maximize the potential for reserve additions at the mine.

Marlin

Production at Marlin mine is meeting expectations, with mill throughput consistently reaching design capacity of 5,000 tonnes per day, including 1,000 tonnes per day from underground operations. Material feed issues that impacted last year's production have been resolved, and development of the West Marlin zone is advancing.

Eleonore

In advance of the Investor Day, the entire drill hole database to date for Eleonore has been posted on www.goldcorp.com. The following table includes select drillhole intercepts from the recent in-fill drilling program:



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From To Grade Au Down-hole
Hole-ID Zone (m) (m) (g/t) Thickness (m)
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ELE-06-250 Roberto 61.00 65.66 64.48 4.66
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ELE-06-345 Roberto 218.56 229.17 61.78 10.61
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ELE-06-183 Roberto 260.00 267.00 27.27 7.00
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ELE-06-265 Roberto 114.20 118.42 26.95 4.22
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ELE-06-298 Roberto 163.00 170.90 26.13 7.90
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ELE-06-228 Roberto East 78.00 81.00 24.75 3.00
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ELE-06-317 Roberto 581.00 584.00 24.58 3.00
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ELE-06-342 Roberto 193.10 197.40 24.52 4.30
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ELE-06-209 Roberto 30.83 35.37 24.25 4.54
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ELE-06-211 Roberto Mid 25.00 29.00 23.56 4.00
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ELE-06-297 Roberto 118.00 139.00 23.02 21.00
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ELE-06-162 Roberto East 51.75 55.00 22.06 3.25
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ELE-06-267 Roberto 202.93 211.83 21.12 8.90
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ELE-06-186 Roberto 93.83 110.25 19.89 16.42
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The initial resource estimate for Eleonore is expected during the second quarter. Based on preliminary analysis of the results, the Company expects an initial resource at Eleonore in the range of 2 million to 3 million ounces of gold. The deposit remains open at depth and along strike.

Penasquito

Management will provide an update on construction activities at Penasquito and progress toward a new reserve calculation is expected in the second quarter. Also included will be discussion of potential throughput enhancements, conveyor haulage possibilities, studies to upgrade the concentrates, commencement of the decline for a bulk sample, and the timeline for mining equipment delivery. Initial exploration activities at some of the compelling regional targets such as Nochebuena, Los Lobos and Saltillito will also be discussed.

First Quarter Production Results

The Company also announced gold production in the first quarter of 2007 totaling 557,900. Strong performance at Red Lake, Marlin and El Sauzal partially offset decreases at Los Filos mine and Marigold mine in Nevada. As previously announced, a roadblock that had obstructed access at Los Filos mine has been resolved. Mine commissioning activities have resumed, and management will provide a revised update on Los Filos gold production for 2007, expected to total approximately 135,000 ounces for the year. The Company will provide updated production guidance in conjunction with its first quarter earnings release scheduled for May 11th, 2007.

To access a live webcast of Goldcorp's Investor Day presentation, please visit www.goldcorp.com. The presentation will begin Thursday, April 12th at 9:00am Eastern. All slides used during the Investor Day will also be available on the website at that time.

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

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 and copper, 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, 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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