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Goldcorp Increases Annual Dividend By 11%; Declares First Monthly Dividend Payment For 2013

Toronto Stock Exchange: G New York Stock Exchange: GG (All Amounts in $US unless stated otherwise)

VANCOUVER, Jan. 7, 2013 /PRNewswire/ - GOLDCORP INC. (TSX: G, NYSE: GG) is pleased to declare its first monthly dividend payment for 2013 of $0.05 per share. Shareholders of record at the close of business on Thursday, January 17, 2013 will be entitled to receive payment of this dividend on Friday, January 25, 2013.  The payment reflects an increase of 11% to the annual dividend approved by Goldcorp's Board of Directors today.  Goldcorp has increased its dividend by 233% since 2009.

"Goldcorp remains committed to investing in our portfolio of high quality, high return projects and returning capital to shareholders in the form of increasing dividends," said Chuck Jeannes, Goldcorp President and Chief Executive Officer. 

Goldcorp has paid a monthly dividend to its shareholders since 2003.  Canadian resident individuals who receive dividends from Goldcorp after 2005 are entitled to an enhanced gross-up and dividend tax credit on such dividends.

Pursuant to tax legislation enacted in 2007, Canadian resident individuals who receive "eligible dividends" in 2006 and subsequent years will be entitled to an enhanced gross-up and dividend tax credit on such dividends.  All dividends paid in 2006 and subsequent years by Goldcorp Inc. are "eligible dividends" for this purpose.

Goldcorp is one of the world's fastest growing senior gold producers.  Its low-cost gold production is located in safe jurisdictions in the Americas and remains 100% unhedged.

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, concerning the business, operations and financial performance and condition of Goldcorp Inc. ("Goldcorp"). Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, silver, copper, lead and zinc, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, hedging practices, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, timing and possible outcome of pending litigation, title disputes or claims and limitations on insurance coverage.  Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects", "is expected",  "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.

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