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Goldcorp Appoints New Chief Operating Officer

Toronto Stock Exchange: G New York Stock Exchange: GG

VANCOUVER, Aug. 8, 2012 /PRNewswire/ - GOLDCORP INC. ("GOLDCORP") (TSX: G) (NYSE: GG) today announced that George Burns has been appointed Executive Vice President and Chief Operating Officer, replacing Steve Reid, who has decided to leave the Company to pursue other interests.

"Steve's dedication over the last seven years to instilling operational excellence throughout Goldcorp's mines and projects has made Goldcorp a stronger company," said Chuck Jeannes, President and Chief Executive Officer.  "He understands that people are Goldcorp's most valuable asset, and he has committed himself tirelessly to inspiring them and keeping them safe.  On behalf of our board of directors, management team and 15,000 employees, we thank Steve for all he has done and we wish him the very best in his future endeavors."

George Burns, 52, succeeds Steve Reid as COO following five years in key management roles within Goldcorp and has more than thirty years of mining experience.  In his most recent position as Senior Vice President, Mexico, he oversaw the next phase of ramp-up at Goldcorp's flagship Peñasquito operation, as well as the continued growth of the large Los Filos mine.  Upon joining Goldcorp in July, 2007, he served as Vice President, Canada and U.S., where he led the major infrastructure investment project at the flagship Red Lake mine.  He also played a key role in the development of the Éléonore project in Quebec.  Prior to joining Goldcorp, he served as Chief Operating Officer at Centerra Gold.

"The depth and breadth of George's industry experience, as well as his roles overseeing many of Goldcorp's largest mines and projects, make him the ideal person to lead our operating team.  His appointment is also a testament to the strength of our organization in developing the future leaders of the Company internally.  I look forward to working closely with him and the rest of our leadership team to deliver steady, low cost production from our existing mines and execute our next phase of growth."

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