Goldcorp to Host Investor Day

VANCOUVER, BRITISH COLUMBIA, May 20 (MARKET WIRE) --
GOLDCORP INC. (TSX: G)(NYSE: GG) will hold an Investor Day on May 21st
to provide information on its major mining operations and projects.

The Company's Red Lake mine will present progress of underground
infrastructure development that will provide the foundation for the next
phase of production growth from the world's richest gold mine. Recent
results from the mine's $32 million 2008 drilling program will also be
highlighted, with particular emphasis on five priority target areas: the
deep high grade zone, deep Campbell, party wall, RLC sulfides, and
surface mining targets.

Discussions of Goldcorp's Mexican gold mines will center on the
successful ramp-up of commercial production at Los Filos mine. First
quarter 2008 gold production from the open pit totaled 45,000 ounces at a
total cash cost of $273 per ounce. Ore mining, solution processing and
gold recovery rates have ramped up in line with expectations. Annual gold
production over the mine's 10-year life is expected to average 300,000
ounces at low cash costs.

In Guatemala, positive production trends at Marlin mine are increasingly
contributing to Goldcorp's growth profile. Underground tonnes mined and
mill throughput rates are routinely meeting or exceeding expectations.
Exploration at Marlin has led to the successful replacement of mined
ounces, and enhancements of gold and silver recoveries remain underway.

Management will also detail progress within the Company's outstanding
pipeline of gold projects. Goldcorp's track record of delivering superior
project returns through disciplined investment and project execution will
be illustrated through recent successes at its Penasquito project in
Zacatecas, Mexico and the Eleonore project in Quebec, Canada.

Construction at Penasquito remains on time and on budget, as underscored
by the earlier-than-expected pouring of first gold from oxides on May
8th. Ore placement to the pad is approaching two million tonnes, and
preliminary leaching and recovery data are meeting expectations. Sulfide
mill construction remains on track. Exploration successes, both within
the Penasquito pit shells and at regional targets Nochebuena and
Saltillito, support the still-growing potential at this massive deposit.

At the Eleonore gold project, recent vein discoveries have shifted the
centroid of the known deposit deeper and to the north. Geologic modeling
is underway to test a deep high grade zone discovery. Management will
discuss planned investments to better explore these opportunities and to
accelerate feasibility and infrastructure development activities. These
investments include power lines, upgraded camp facilities, air and land
access, infrastructure and the sinking of an exploration shaft.

Other exploration successes will be highlighted, including recent
discoveries at Musselwhite mine in Ontario and Escobal in Guatemala.

To access a live webcast of Goldcorp's Investor Day presentation, please
visit www.goldcorp.com. The presentation will begin Wednesday, May 21st
at 8:00 am (ET). All slides used during the Investor Day will also be
available on the website at that time.

Goldcorp is the lowest-cost and fastest growing multi-million ounce gold
producer with operations throughout the Americas. Its gold production
remains 100% unhedged.

Cautionary Note Regarding Forward-Looking Statements

Safe Harbor Statement under the United States Private Securities
Litigation Reform Act of 1995: Except for the statements of historical
fact contained herein, the information presented constitutes
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements, including
but not limited to those with respect to the price of gold, silver,
copper, zinc and lead, the timing and amount of estimated future
production, costs of production, reserve determination and reserve
conversion rates involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievement of
Goldcorp to be materially different from any future results, performance
or achievements expressed or implied by such forward-looking statements.
Such factors include, among others, risks related to the integration of
acquisitions, risks related to international operations, risks related to
joint venture operations, the 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 and copper, zinc and lead as
well as those factors discussed in the section entitled "General
Development of the Business - Risks of the Business" in Goldcorp's Form
40-F on file with the Securities and Exchange Commission in Washington,
D.C. and Goldcorp's Annual Information Form on file with the securities
regulatory authorities in Canada. Although Goldcorp has attempted to
identify important factors that could cause actual results to differ
materially, 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.

Contacts:
Goldcorp Inc.
Jeff Wilhoit
Vice President, Investor Relations
(604) 696-3074
(604) 696-3001 (FAX)
Email: info@goldcorp.com
Website: www.goldcorp.com

Copyright 2008, Market Wire, All rights reserved.

-0-