CORPORATE UPDATE

OCTOBER 2012

Forward Looking Statements

This presentation 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” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, “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”. Forward-looking statements are subject to known and unknown risks, uncertainties and other 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; risks related to joint venture operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold, silver, copper, lead and zinc; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes; delays in obtaining governmental approvals or financing or in the completion of development or construction activities and other risks of the mining industry, 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, 2011 available 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. Goldcorp does not undertake to update any forward-looking statements that are included in this document, except in accordance with applicable securities laws.

2

All amounts are in U.S. dollars, unless otherwise stated.

Consistent Strategic Focus

3

TOGETHER, CREATING

SUSTAINABLE VALUE

Growth Leader

Low Cost Producer

Outstanding Balance Sheet

Responsible Mining

Practices

Low Political

Risk

PUEBLO VIEJO (2012)

CERRO NEGRO (2013)

COCHENOUR (2014)

ÉLÉONORE (2014)

Robust Development Pipeline

4

MARLIN (2006)

LOS FILOS (2008)

PEÑASQUITO (2010)

CAMINO ROJO (2014)

NOCHE BUENA

CERRO BLANCO

AGUA RICA

PEÑASQUITO UG

S C O P I N G

F E A S I B I L I T Y

P R O D U C T I O N

C O N S T R U C T I O N

S C O P I N G

F E A S I B I L I T Y

P R O D U C T I O N

C O N S T R U C T I O N

EL MORRO

RED LAKE / PORCUPINE / MUSSELWHITE / EL SAUZAL / ALUMBRERA / MARIGOLD / WHARF

El MORRO U/G

(US$) as at June 30, 2012

INVESTMENT GRADE BALANCE SHEET1

Financial Position - Excellent Liquidity

5

1 Moody’s: Baa2; S&P: BBB+; Fitch: BBB. 2 Includes money market instruments, non-GAAP measure

CASH & CASH

EQUIVALENTS2

AVAILABLE DEBT

FACILITY - UNDRAWN

CONVERTIBLE SENIOR

NOTES - DUE 2014

$1.2 B

$2.0 B

$862.5 M

~$3.2 B LIQUIDITY

$0.62 $0.56

$0.80

$1.43

$2.22

2007 2008 2009 2010 2011

61.5

65.0 66.7

75.3

80.4

2007 2008 2009 2010 2011

CASH FLOW / SHARE3,5

EARNINGS / SHARE4,5

(US$ / share)

(US$ / share)

3 Cash flow before changes in working capital (from continuing operations as applicable). 4Adjusted earnings per share. 5Non-GAAP financial measures see pages 29-95 of the 2011 Annual report for further details.

(as at June 30, 2012)

Low Exposure to Capital Inflation

6

LOW CAPITAL COST / OZ OF <$170

SPENT COMMITTED OUTSTANDING

$2.4 B

$0.5 B $2.0 B

Capital Spending for Projects Contributing

to 5-Year Growth Profile

* Contributing to 5-year growth: Pueblo Viejo, Cerro Negro, Éléonore, Cochenour and Camino Rojo

Sector Leading Cash Margins

7

$163 $305 $295 $274 $223 $310

$540

$563 $683 $966

$1,349 $1,342

2007 2008 2009 2010 2011 YTD - Q2

By-Product Cash Costs Cash Margin

$703

$868 $978

$1,240

$1,572 $1,652

($ per oz)

Strong Cash Flow Growth (12E – 15E)

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-10%

0%

10%

20%

30%

40%

50%

60%

70%

80%

Kinross Agnico Barrick Newmont Newcrest* Yamana Goldcorp

69% $2.86 - $4.84

14% $6.56 - $7.49 9%

$5.82 - $6.35

9% $3.77 - $4.10

-5% $1.30 - $1.23

Source: Bloomberg Consensus (as of August 29, 2012)

Dollar figures are cash flow per share estimates 2012 – 2015

*Newcrest data uses June year end

31% $2.23 - $2.91

34% $1.49 - $2.00

Significant Return of Capital to Shareholders

9

21% 19%

17% 16%

14% 12%

18%

13% 12% 13% 12%

10%

Newmont Goldcorp Yamana Newcrest Barrick Kinross

2012E 2013E

DIVIDEND AS % OF OPERATING CASH FLOW

Source: Bloomberg consensus (as of August 29, 2012) Company reports

Quality Gold Reserve Growth

10

2007 2008 2009 2010 2011

2012 Exploration Budget Increased to $226M (Thousands of ounces)

43,400

46,300

48,800

60,060

64,700

Q2 2012 Highlights

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Q2 2012

Revenues $1,113 M

Gold Production 578,600 oz

Cash Costs $/oz – By-Product

– Co-Product

$370

$619

Adjusted Net Earnings $332 M

Operating Cash Flow1 $520 M

1Cash flow before changes in working capital

2012 Guidance

12

20121

Updated Guidance

Gold Production (koz) 2,350 - 2,450

- Red Lake (koz) 460 - 510

- Peñasquito 370 - 390

Cash Costs $/oz – By-product

– Co-product

$310 - $340

$625 - $650

Capital Expenditures $2.7 B

Exploration Expenditures $226 M

Tax Rate 28%

1 2012 price assumptions: Au=$1600/oz, Ag=$34/oz, Cu=$3.50/lb, Zn=$0.90/lb, Pb=$0.90/lb

Focus in Low Risk Jurisdictions

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CANADA

ARGENTINA

DOMINICAN REPUBLIC

MEXICO

GUATEMALA

USA

Operating Mines

Development Projects

CHILE

Canada

43%

US

5%

Mexico

34%

Guatemala

9%

Dominican Republic

3% Argentina

6%

2012E GOLD PRODUCTION

DOMINICAN REPUBLIC

Pueblo Viejo - Dominican Republic

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New Source of Gold Production

*Goldcorp interest (%)

40

• First gold production achieved

• 2012E gold production of between

68,000 to 85,000 ounces

• $350 million* capital budget for 2012

• Annual output 415,000 to 450,000

ounces per year* in first five years

• Life of mine +25 years

Cerro Negro - Argentina

• High grade vein system

• Outstanding reserve growth potential

• Santa Cruz mining province

Updated feasibility study results:

• 550 koz Au annually (1st 5 years)

• <$300/oz cash costs (1st 5 years)

• Initial capital $800M

• First production late-2013

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Developing our Next

Cornerstone Mine

Cerro Negro

Alumbrera

El Morro

Cerro Negro - Argentina

• Eureka decline advanced to 1,812 M

Ore stockpile of ~12,010 tonnes at expected grades of 10.32 g/t Au and 213 g/t Ag

• Mariana Central & Mariana Norte declines underway

• Construction & development activities advancing:

Plant construction

• Equipment & material imports progressing well

• Strong exploration results continue

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Construction on Schedule

Éléonore - Canada

• Development plan:

Upper/lower mine concept; 7 ktpd

Mine life ~15 years

+600,000 oz Au

Cash costs: <$400/oz

• Final EIA approval received

• Cree collaboration agreement

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Pure Gold in a Safe Jurisdiction Red Lake

Cochenour

Musselwhite

Porcupine

Éléonore

Éléonore - Canada

• Exploration shaft past 701 metres

• Exploration ramp extended over 1,500

metres

• Underground drilling commenced

• Plant construction to commence Q3’12

• Foundations for production shaft

completed and structural steel erection

activities commenced

Full face shaft sinking expected in Dec.

2012

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Advancing Construction

Cerro Negro

Alumbrera

El Morro

El Morro - Chile

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Next Generation Project

Goldcorp interest (%)

70

• Large, under-explored land position

• Jan. 2012 feasibility study update:

First production: 2017

+210,000 Au1; +200Mlb Cu1

By-product cash costs: ($700)/oz2

Capital cost $3.9B

17-year mine life

• Assessing effect of Supreme Court

decision

1 LOM Average annual production (70%)

2 Price Assumptions: Au - $1200/oz; Cu - $2.75/lb

Red Lake

Cochenour

Musselwhite

Porcupine

Éléonore

Cochenour - Canada

• Shaft widening advancing

• Haulage drift 51% complete at end of

Q2

• Construction underway

• Exploration advancing with 2 drills from

surface and 2 from haulage drift

• Development plan update underway

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Key Growth Driver

in Red Lake District

Red Lake

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Haulage drift

Rahill - Bonanza

Bruce Channel Discovery

Western

Discovery

Zone

East West

Drift location at end of 2012 Current drift location

Red Lake - Canada

• Robust, low cost gold production

• 2012 gold production forecast

460,000 - 510,000 ounces

• 2012 exploration budget $44M

Focus on High Grade Zone extension

• Long term gold production forecast

under review

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Cornerstone Asset Red Lake

Cochenour

Musselwhite

Porcupine

Éléonore

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Historic Deep Intercept* 4.31 oz/4.8’

Current 4699 Ramp Development

Drill Bay #22

57L

52L

47L

1.08oz/4.8’

2.42oz/4.5’

1.83oz/3.5’

0.87oz/10.0’

1.64oz/3.5’

Drilling supports continuation of HGZ at depth

4.65oz/1.0’ *

7.31oz/2.0’ *

0.41oz/1.2’

0.15oz/1.7’

0.58oz/3.2’

New Intercept* 17.24/2.5’

3.87oz/6.6’

2.86oz/12.3’

Drift in progress

2.44oz/21.8’

0.43oz/6.6’

*Note some intercepts may appear to intersect lower elevation than they actually are due to oblique view

New Zone Identified

Red Lake - High Grade Zone Drilling

0.48oz/12.0’

0.49oz/6.0’

3.32oz/1.5’

1.142oz/4.3’

1.39oz/7.7’

0.59oz/7.6’

Peñasquito

Los Filos

El Sauzal

Peñasquito - Mexico

• 2012 gold production forecast

370,000 - 390,000 ounces

• Supplemental feed system

commissioned

• Focus on efficiencies & cost

reductions

• Largest cash flow generator in 2012

• 22-year mine life

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Mexico’s Largest Gold Producer

Peñasquito - Exploration Success

• Camino Rojo

Over 77,000 metres drilled in 2011

Testing oxide & sulphide expansion

Feasibility study due Q3’12

• Noche Buena

Resource expansion drilling continues

In-fill drilling on higher grade

mineralization trends

Feasibility study due Q3’12

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Advancing District Projects

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Why Gold?

26

428%

Central bank

buying

Flat mine

supply

Stable

investment

demand

Safe

haven/

asset class

Inflation

hedge

Currency

protection

Growing

physical

demand

China

factor

Continued

debasement of

international

currencies

increase over 2002

Aug

2002

Source: Bloomberg data Aug. 29/02 – Aug. 29/12

Gold Price ($)

Goldcorp Advantage

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SUPERIOR INVESTMENT PROPOSITION

GROWTH LEADER

LOW COST PRODUCER

OUTSTANDING

BALANCE SHEET

LOW POLITICAL RISK

RESPONSIBLE

MINING PRACTICES

Appendix A - 2012 Sensitivities

28

Base Price Change

Increments CFPS

($/share)

By Product Cash Costs

($/oz)

FCF ($mm)

Gold Price ($/oz) $1,600 $100 $0.23 $2 $186

Silver Price ($/oz) $34.00 $2.00 $0.05 $23 $41

Copper Price ($/lb) $3.50 $0.50 $0.03 $14 $25

Zinc Price ($/lb) $0.90 $0.10 $0.03 $16 $28

Lead Price ($/lb) $0.90 $0.10 $0.02 $8 $15

Canadian Dollars 1.00 10% $0.04 $17 $118

Mexican Peso 13.00 10% $0.04 $17 $41

Diesel ($/barrel) $95.00 10% $0.01 $6 $12

Electricity ($/kWh) $0.08 10% $0.02 $9 $16

38%

19% 5%

6%

9%

10%

1% 2%

6% 4%

CANADA / USA

12%

14%

8%

12%

9%

18%

2%

6%

4%

15%

MEXICO

18%

8%

7%

14% 13%

16%

1%

6%

4%

13%

CSA

Appendix B - Operating Costs Breakdown

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22%

14%

7%

10% 10%

15%

2%

5%

4%

11% CONSOLIDATED

Labour Contractors Fuel Costs Power Maintenance Parts Consumables Tires Explosives Site Costs Others

Endnotes

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1. Goldcorp has included non-GAAP performance measures, total cash costs, by-product and co-product, per gold ounce, throughout this presentation. Total cash costs are defined as cost of sales divided by ounces of gold and silver sold or pounds of copper sold. The calculation of total cash costs per ounce of gold is net of by-product sales revenue (by-product copper revenues for Alumbrera; by-product silver revenues for Marlin at market silver prices; by-product lead, zinc and 75% of the silver for Peñasquito at market silver prices and 25% of the silver for Peñasquito at $3.90 per silver ounce sold to Silver Wheaton). The Company reports total cash costs on a sales basis. In the gold mining industry, this is a common performance measure but does not have any standardized meaning. The Company follows the recommendations of the Gold Institute Production Cost Standard. The Company believes that, in addition to conventional measures prepared in accordance with GAAP, certain investors use this information to evaluate the Company’s performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. Total cash costs on a by-product basis are calculated by deducting by-product copper, silver, lead and zinc sales revenues from production cash costs.

Production costs in 2012 are allocated to each co-product based on the ratio of actual sales volumes multiplied by budget metals prices of $1,600 per ounce of gold, $34 per ounce of silver, $3.50 per pound of copper, $0.90 per pound of lead and $0.90 per pound of zinc, rather than realized sales prices.

2. All Mineral Reserves and Mineral Resources have been calculated as at December 31, 2011 in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101, or the AusIMM JORC equivalent. Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Goldcorp’s Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable. Calculations have been prepared by employees of Goldcorp, its joint venture partners or its joint venture operating companies, as applicable, under the supervision of Maryse Belanger, Vice President, Technical Services. Reserve calculations incorporate current and/or expected mine plans and cost levels at each property. Varying cut-off grades have been used depending on the mine and type of ore contained in the reserves. Goldcorp’s normal data verification procedures have been employed in connection with the calculations. For a breakdown of Reserves and Resources by category and for a more detailed description of the key assumptions, parameters and methods used in calculating Goldcorp’s Reserves and Resources, see Goldcorp’s Annual information Form/ Form 40-F on file with Canadian provincial securities regulatory authorities and the U.S. Securities and Exchange Commission.

3. Goldcorp’s exploration programs are designed and conducted under the supervision of Charlie Ronkos, Senior Vice-President, Exploration of Goldcorp. For information on geology, exploration activities generally, and drilling and analysis procedures on Goldcorp’s material properties, see Goldcorp’s Annual Information Form/Form 40-F on file with Canadian provincial securities regulatory authorities and the U.S. Securities and Exchange Commission.