PRECIOUS METAL PRODUCERS

[NYBob]

Goldcorp declares twelfth monthly dividend payment for 2011 -
Toronto Stock Exchange: G New York Stock Exchange: GG
(All dollar amounts in United States dollars (US$))
VANCOUVER, Dec. 5, 2011 /CNW/ -

GOLDCORP INC.
(TSX: G) (NYSE: GG) is pleased to declare its twelfth monthly
dividend payment for 2011 of $0.045 per share.

http://tmx.quotemedia.com/article.php?newsid=46636209&qm_symbol=G:CA

http://www.goldcorp.com

Shareholders of record at the close of business on Friday, December 16, 2011 will be entitled to receive payment of this dividend on Friday, December 23, 2011. This payment reflects a 32% increase in the Company's annual dividend announced on December 5th, 2011, the third increase in the Company's dividend in the last 13 months. 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.