GOLDCORP DECLARES EIGHTH MONTHLY DIVIDEND PAYMENT FOR 2011

GOLDCORP INC. (TSX: G, NYSE: GG) is pleased to declare its eighth monthly dividend payment for 2011 of $0.034 per share. Shareholders of record at the close of business on Thursday, August 18, 2011 will be entitled to receive payment of this dividend on Friday, August 26, 2011 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.