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NYBob

09/05/12 12:04 PM

#119 RE: NYBob #115

Cochenour - Construction and Development Progressing



A key component of the Company's overall optimization plan to
sustain the Red Lake operation is the development of the
Cochenour project.

Located five kilometers from the Red Lake gold mine, the
Cochenour project has continued to advance.

Widening of the historical Cochenour shaft has reached 108
metres to a total depth of 342 metres.

The five kilometer haulage drift that will transport ore from
the Bruce Channel to Red Lake's existing Campbell milling
facilities has advanced to 57% completion.
Progress has advanced as expected and is on track to be 66%
complete by year-end.


A study of the overall project, which will provide updated
project costs and timing of first gold, is currently underway
and expected to be complete in the third quarter.
The study incorporates changes in the mine design and
development resulting from exploration results obtained
over the past two years.


Red Lake

Red Lake Gold Mines (RLGM) is composed of two operating
complexes: the Red Lake and the Campbell Complex.
Situated in one of the world's most prolific gold producing
regions, RLGM has produced 20 million ounces since 1949 and it
continues to be one of the highest-grade gold mines and lowest
cost producers in the world.
RLGM is also the largest gold mine in Canada.
The High Grade Zone alone has averaged more than
two ounces of gold per ton.

Cochenour

The Cochenour Project combines the existing workings of the
historic Cochenour mine with the Bruce Channel gold discovery.
The Cochenour/Bruce Channel deposit is located down dip from
the historic Cochenour mine and is a key component of
Goldcorp's consolidation plans in the Red Lake district.

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.

The scientific and technical information concerning Goldcorp's
mineral properties contained herein is based upon information
prepared by or under the supervision of Maryse Belanger, Vice
President, Technical Services of Goldcorp who is a "qualified
person" within the meaning of National Instrument 43-101.