Goldcorp Inc.

Goldcorp Inc.

March 27, 2007 19:00 ET

Goldcorp Update on Los Filos Mine

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 27, 2007) - GOLDCORP INC. (TSX:G)(NYSE:GG) announced today that operations at its Los Filos mine in Guerrero, Mexico are being disrupted by a blockade of the mine's main access road. The roadblock, carried out by certain landowner groups requesting renegotiation of existing land purchase and rental agreements, has occurred intermittently over the last several weeks and has resulted in the suspension of construction activities at the site. Los Filos management continues to engage in discussions with the blockade organizers with the support of state and federal authorities, and believes that progress is being made toward a resolution.

Goldcorp currently expects the first production of gold from Los Filos during the second quarter of 2007. "Our people take pride in cultivating strong, productive relationships with constituent groups surrounding our mining operations," said Goldcorp President and Chief Executive Officer, Kevin McArthur. "Los Filos is going to be another outstanding mine for Goldcorp in Mexico, and we look forward to a long tenure as good neighbors and significant contributors to the local communities that helped us build it."

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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