Goldcorp Declares Eleventh Monthly Dividend Payment for 2009

VANCOUVER, BRITISH COLUMBIA, Nov 02 (MARKET WIRE) --
(All dollar amounts in United States dollars (US$))

GOLDCORP INC. (TSX: G)(NYSE: GG) is pleased to declare its eleventh
monthly dividend payment for 2009 of $0.015 per share. Shareholders of
record at the close of business on Thursday, November 12, 2009 will be
entitled to receive payment of this dividend on Friday, November 20,
2009. Goldcorp has paid a monthly dividend to its shareholders since
2003. Canadian resident individuals who receive dividends from Goldcorp
after 2005 are entitled to an enhanced gross-up and dividend tax credit
on such dividends.

Goldcorp is North America's fastest growing senior gold producer. 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.
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", or "believes", or
variations of such words and phrases or state 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 and other risks of the mining industry; delays
in obtaining governmental approvals or financing or in the completion of
development or construction activities, 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, 2008, available on www.sedar.com, and Form 40-F for the year
ended December 31, 2008 on file with the United States Securities and
Exchange Commission in Washington, D.C. 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 incorporated
by reference herein, except in accordance with applicable securities
laws.

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

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