PRECIOUS METAL PRODUCERS

[NYBob]

Goldcorp secures construction permit for Cerro Negro project

December 16, 2011

Toronto Stock Exchange: G

New York Stock Exchange: GG

(All Amounts in $US unless stated otherwise)

VANCOUVER, Dec. 16, 2011 /CNW/ -

GOLDCORP INC.
(TSX: G, NYSE: GG) today announced the approval of the
amended Environmental Impact Assessment (EIA) by Provincial
authorities in the province of Santa Cruz for the development
and construction of the Cerro Negro gold project, a high-grade
deposit located on the low-elevation Patagonian plains of
southern Argentina.
With production expected to average approximately 550,000
ounces of gold in its first five full years in production,
Cerro Negro is well-positioned as Goldcorp's next
cornerstone gold mine.

"The receipt of approvals following a straightforward permitting
process with the Santa Cruz provincial authorities is a major
milestone," said Chuck Jeannes, Goldcorp President and Chief
Executive Officer.
"The Cerro Negro team will now immediately advance full
construction and continue what has been an impressive pace
of development progress.
Cerro Negro's low capital cost and cash flow-accretive gold
production beginning in 2013 forms an important component
of Goldcorp's peer-leading five-year growth profile.
Moreover, significant vein extensions and new vein discoveries
underscore the potential for further expansion of the long-term
production profile at this exciting project."

The approval of the amended EIA allows for construction of the
plant with throughput increased from 1,850 tonnes per day to
4,000 tonnes per day and the concurrent development and
mining of three underground vein deposits:
Eureka, Mariana Central and Mariana Norte.
Development of Eureka has advanced on schedule, and development
of Mariana Central and Mariana Norte will now commence
immediately.

In conjunction with an investor tour, the Company provided
an update of development and 2011 exploration highlights on
December 5, 2011.
The release is available under the 'Investor Resources-News'
section at
http://www.goldcorp.com

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.

http://www.goldcorp.com/Investor-Resources/News/News-Details/2011/Goldcorp-secures-construction-permit-for-Cerro-Negro-project1127683/default.aspx

http://www.goldcorp.com