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(TSE-G) - GOLDCORP INC Back
Date Time Headline
June 26, 2012 18:37 Goldcorp announces dismissal of Barrick's claims against El Morro acquisition
Goldcorp announces dismissal of Barrick's claims against El Morro
acquisitionCanada NewsWireVANCOUVER, June 26, 2012

Toronto Stock Exchange: GNew York Stock Exchange: GG

(All Amounts in $US unless stated otherwise)

VANCOUVER, June 26, 2012 /CNW/ - GOLDCORP INC. (TSX: G), (NYSE: GG) is pleased
to announce that Ontario Court Justice Herman Wilton-Siegel has dismissed
the claims of Barrick Gold Corporation ("Barrick") seeking to declare
unlawful and ineffective the transactions announced by Goldcorp Inc.
("Goldcorp") and New Gold Inc. ("New Gold") on January 7, 2010 with respect
to the acquisition of the El Morro project in Chile.  Goldcorp acquired 70%
of the El Morro project from a subsidiary of New Gold, which acquired the El
Morro project from Xstrata ("Xstrata") pursuant to the exercise of a right
of first refusal.  The right of first refusal came into effect on October
12, 2009 when Barrick entered into an agreement with Xstrata to acquire
Xstrata's 70% interest in the El Morro project.  New Gold owns 30% of the
project. "We are pleased that the court has confirmed our position that
our acquisition of El Morro was completely proper and consistent with the
relevant agreements and Chilean law and that Goldcorp's 70% ownership share
of the project has now been clarified for our shareholders," said Chuck
Jeannes, Goldcorp President and Chief Executive Officer. El Morro is a
copper-gold development project located in the Huasco Province, Atacama
region of northern Chile, approximately 800 km north of Santiago.   Proven
and probable gold reserves at December 31, 2011 totaled 5.84 million ounces
of gold and 4.36 billion pounds of copper on a 70% basis. As previously
announced, El Morro site development and construction activities have been
suspended since April 30, 2012 pending the correction by the Chilean
environmental permitting authority (the Servicio de Evaluación Ambiental, or
SEA) of certain deficiencies specifically identified by a decision of the
Antofogasta Court of Appeals. On June 22, 2012, the SEA initiated the
administrative process to address the issues identified by the Court. The
Company continues to work with Chilean authorities and local communities to
correct the deficiencies.  During the suspension period, Goldcorp will
continue to evaluate opportunities to enhance the economics of the project.
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. Forward-looking statements
are made based upon certain assumptions and other important factors that, if
untrue, could cause the actual results, performances or achievements of
Goldcorp to be materially different from future results, performances or
achievements expressed or implied by such statements.  Such statements and
information are based on numerous assumptions regarding present and future
business strategies and the environment in which Goldcorp will operate in
the future, including the price of gold, anticipated costs and ability to
achieve goals. Certain important factors that could cause actual results,
performances or achievements to differ materially from those in the forward-
looking statements include, amongs others, gold price volatility,
discrepancies between actual and estimated production, mineral reserves and
resources and metallurgical recoveries, mining operational and development
risks, litigation risks, regulatory restrictions (including environmental
regulatory restrictions and liability), activities by governmental
authorities (including changes in taxation), currency fluctuations, the
speculative nature of gold exploration, the global economic climate,
dilution, share price volatility, competition, loss of key employees,
additional funding requirements and defective title to mineral claims or
property.  Although Goldcorp has attempted to identify important factors
that could cause actual actions, events or results to differ materially
from those described in forward-looking statements, there may be other
factors that cause actions, events or results not to be as anticipated,
estimated or intended. Forward-looking statements are subject to known and
unknown risks, uncertainties and other important factors that may cause the
actual results, level of activity, performance or achievements of Goldcorp
to be materially different from those expressed or implied by such forward-
looking statements, including but not limited to: risks related to the
integration of acquisitions; risks related to international operations,
including economical and political instability in foreign jurisdictions in
which Goldcorp operates; risks related to current global financial
conditions; risks related to joint venture operations; actual results of
current exploration activities; environmental risks; future prices of gold,
silver, copper, lead and zinc; possible variations in ore reserves, grade or
recovery rates; mine development and operating risks; accidents, labour
disputes and other risks of the mining industry; delays in obtaining
governmental approvals or financing or in the completion of development or
construction activities; risks related to indebtedness and the service of
such indebtedness, as well as those factors discussed in the section
entitled "Description of the Business - Risk Factors" in Goldcorp's annual
information form for the year ended December 31, 2011available at
www.sedar.com.  Although Goldcorp has attempted to identify important factors
that could cause actual results to differ materially from those contained
in forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended.  There can be no
assurance that such statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such
statements.  Accordingly, readers should not place undue reliance on forward-
looking statements.  Forward-looking statements are made as of the date
hereof and accordingly are subject to change after such date.  Except as
otherwise indicated by Goldcorp, these statements do not reflect the
potential impact of any non-recurring or other special items or of any
dispositions, monetizations, mergers, acquisitions, other business
combinations or other transactions that may be announced or that may occur
after the date hereof.  Forward-looking statements are provided for the
purpose of providing information about management's current expectations
and plans and allowing investors and others to get a better understanding
of our operating environment. Goldcorp does not undertake to update any
forward-looking statements that are included in this document, except in
accordance with applicable securities laws.

Jeff Wilhoit Vice President, Investor Relations Goldcorp Inc. Telephone:
(604) 696-3074 Fax: (604) 696-3001 E-mail:  info@goldcorp.com
website:  www.goldcorp.com


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