FEBRUARY 23-25, 2015

building on a proven strategy B M O C A P I TA L M A R K E T S 2 4 TH G L O B A L M E TA L S & MINING CONFERENCE

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”, or the negative connotation thereof. 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 forwardlooking statements, including but not limited to: risks related to the integration of acquisitions; risks related to international operations; risks related to current global current financial conditions; risks related to joint venture operations; actual results of current exploration activities; environmental risks; 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; 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, 2013 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 forwardlooking statements that are included in this document, except in accordance with applicable securities laws. All amounts are in U.S. dollars, unless otherwise stated.

2

Proven Strategy WITH A CONSISTENT FOCUS

Quality Growth

Gold Focus

Responsible Mining Practices

Safe, Profitable Production

Peer-Leading Balance Sheet

Low Political Risk

TOGETHER

CREATING SUSTAINABLE VALUE

3

P R O V E N S T R AT E G Y

2014 Achievements Achieved zero fatalities

Increased gold production to a record of 2.87 million ounces Delivered two new high quality, low-cost mines Reduced all-in sustaining costs to $949/oz Realized benefits of $280 million from the Operating for Excellence program Divested non-core assets Maintained investment grade balance sheet

4

P R O V E N S T R AT E G Y

2015 Deliverables Achieve zero fatalities

Deliver free cash flow after dividends Grow gold production to between 3.3 and 3.6 million ounces Achieve successful ramp ups at Cerro Negro and Éléonore Advance Concentrate Enrichment/Pyrite Leach feasibility study at Peñasquito

Replace/grow gold mineral reserves Company-wide Realize benefits of $175 million from the Operating for Excellence program Maintain investment grade balance sheet Complete sale of Wharf;

5

Probe acquisition

P R O V E N S T R AT E G Y

Major Capital Spend Completed 2012 $2.6B

2013 $2.4B

2014 $2.2B 2015E $1.2-1.4B

Capital spending decreases with completion of two new high quality mines

6

P R O V E N S T R AT E G Y

Production Increase

2012 2.4Moz

2013 2.7Moz

2014 2.87Moz

2015E 3.3-3.6Moz

Start-up of new mines and strong production from cornerstone mines

7

P R O V E N S T R AT E G Y

Margin Expansion with Declining All-in Sustaining Costs

2013 $1,031/oz 2012 $884/oz

2014 $949/oz

2015E $875950/oz

New mines, operating for excellence program drive cost savings

8

P R O B E T R A N S A C T I O N – S T R AT E G I C I N V E S T M E N T I N T H E T I M M I N S G O L D C A M P

Text line 1 High Quality Opportunity Near Porcupine TEXT LINE 2

Probe Overview  Borden Gold: a large and growing high-grade underground deposit located 160km west of Porcupine  Indicated gold resource of 1.6mozs @ 5.39g/t and inferred gold resource of 0.4mozs @ 4.37g/t1, with potential for growth and grade enhancements with further exploration  Excellent access to local infrastructure – only 9km from Chapleau and grid power, 1km to highway

Strategic Rationale  Investment in Timmins gold camp that is expected to optimize Porcupine’s long-term value through unique synergies with existing Porcupine infrastructure  Adds exciting exploration potential in a core district  Continued focus on portfolio optimization following disposition of Wharf mine for US$105 million 9

(1)

See Appendix H for further resource information

FINANCIAL DISCIPLINE

Sustained High Quality Production STRONG PRODUCTION , LOW-COSTS TO DRIVE INCREASING FREE CASH FLOW

GOLD PRODUCTION (MOZ)

5.0

0.0 2014A

2015E

2016E Gold

10

2017E GEO

2018E

2019E

P R O V E N S T R AT E G Y

Current Operations & Building Future Value

CONCEPT & EXPLORATION

EXECUTION Red Lake - Cochenour

PRODUCTION Éléonore (2014) Cerro Negro (2014) Pueblo Viejo (2012)

Porcupine - Hollinger Open Pit - Hoyle Deep

Peñasquito (2010) Los Filos (2008) Red Lake & Other operating mines (1)

11

(1)

Marlin, Porcupine, Musselwhite and Alumbrera,

STUDY PHASE

Peñasquito - Skarn

Peñasquito - CEP/Pyrite Leach - Camino Rojo

Red Lake - HG Young

El Morro

Musselwhite - West Limb

Los Filos - U/G expansion Éléonore - Crown pillar

Porcupine - TVZ

FINANCIAL DISCIPLINE

Strong Balance Sheet Maintained PROVIDES FLEXIBILITY TO FUND GROWTH OPPORTUNITIES

$0.54B Cash & Cash Equivalents

NET DEBT AS % OF MARKET CAP(2)

40%

$1.74B Liquidity(1)

$1.2B Undrawn Revolving Credit Facility

12

(1) (2)

33%

67%

67%

43%

35%

18%

19%

$1.2B

$3.3B

$1.0B

$4.2B

$3.4B

$1.6B

$3.1B

$10.0B

Agnico

Goldcorp

Kinross

Newmont

Newcrest

Yamana

AngloGold

Barrick

As of December 31, 2014 As of February 19, 2015; All amounts as reported in company financial statements and adjusted for subsequent transactions. Goldcorp’s net debt position adjusted to include $355M of attributable Pueblo Viejo project debt and reduced by $105 mm due to sale of Wharf.

P R O V E N S T R AT E G Y

Disciplined Capital Allocation Invest in High Return Organic Growth

Fund Existing Growth Profile CREATING

SHAREHOLDER VALUE Sustainable Dividend

13

Flexibility for Selective M & A

Geographic Diversity in the Americas U N R I VA L E D P O R T F O L I O A N C H O R E D B Y Y O U N G , L O W - C O S T M I N E S

33% CENTRAL/SOUTH AMERICA

2015E

GOLD PRODUCTION BY REGION(1)

38% CANADA/USA

29% MEXICO Operating mines Development projects

14

(1)

Based on 2015 guidance as per January 12, 2015 press release and Wharf divestiture on Feb. 20, 2015

NEW GROWTH DRIVER

Cerro Negro STRONG OPERATIONAL START COMMERCIAL PRODUCTION ACHIEVED JAN. 1, 2015 - 2014A: 152,100oz - 2015E: 425,000 - 475,000oz INITIAL CONSTRUCTION COMPLETED - Permanent power connected Feb. 2, 2015

15

(1)

Year ended December 31, 2014, refer to Appendix G for further information

OUTSTANDING RESERVE GROWTH POTENTIAL - Resource confirmation drilling commenced - Reserve and resources(1) - P&P reserves: 5.26Mozs - M&I resources: 0.65Mozs - Inferred resources: 0.32Mozs

NEW GROWTH DRIVER

Éléonore RAMPING UP QUEBEC’S NEWEST GOLD MINE COMMERCIAL PRODUCTION EXPECTED BY END OF THE FIRST QUARTER 2015 - 2014A: 18,300oz - 2015E: 290,000 - 330,000oz - Tailings filter press issues resolved in Q1’15 DEVELOPMENT - Production shaft at depth of 1,106m - Exploration ramp reached a depth of 865m

16

(1)

Year ended December 31, 2014, refer to Appendix G for further information

EXPLORATION FOCUS - Expansion of the reserves in the lower portion of the mine RESERVES AND RESOURCES (1) - P&P reserves: 4.97Mozs - Inferred resources: 2.80Mozs

CANADA

Red Lake INTEGRATION PLAN ADVANCING GOLD PRODUCTION - 2014A: 414,400oz (AISC: $934/oz) - 2015E: 400,000 - 425,000oz EXPLORATION FOCUS HG YOUNG DISCOVERY - $30M BUDGET - Five drills from surface - Numerous high grade intercepts - Completed rehabilitation of drift from Campbell complex, u/g drilling underway

17

COCHENOUR - On track to conduct initial stoping in Q4 - Drilling from underground with eleven drills - Extensive exploration in 2015

MEXICO

Peñasquito DELIVERING VALUE FROM MEXICO’S LARGEST GOLD MINE GOLD PRODUCTION - 2014A: 567,800oz; (AISC $813/oz) - 2015E: 700,000 – 750,000oz GEO PRODUCTION - 2014A: 1.3Moz - 2015E: 1.5 – 1.6Moz NORTHERN WELL FIELD PROJECT - Completion expected mid-year 2015

18

FEASIBILITY STUDY - Concentrate Enrichment Process/Pyrite Leach study expected to be completed in early 2016 CAMINO ROJO - Pre-feasibility study commenced in Q1 2015 - Focus as satellite pit to Peñasquito

3-YEAR RUNNING AVERAGE GOLD DISCOVERED (MOZ)

0 $6,000

100 $4,800

75 $3,600

50 $2,400

25 $1,200 75

$0 70

19 Source: SNL Metals Economics Group Source: Consensus estimates. Includes CPM Group, GFMS, and Metals Focus 2022

2021

2020

2019

ANNUAL PRODUCTION (MOZ) 95

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

$7,200

2004

Peak Discovery

2003

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

1998

1997

1996

1995

1994

1993

1992

1991

150

GRASSROOTS + 75% OF LATE-STAGE EXPLORATION BUDGETS (US$M)

125

1990

WHY GOLD?

Text line 1 Supply: Peak Gold Production TEXT LINE 2

100

Peak Production

90

85

80

WHY GOLD?

Demand: Central Bank Buying Continues SECOND HIGHEST CENTRAL BANK BUYING IN 50 YEARS 200 150 100 50 0 -50 -100 -150 -200 -250 -300 Q1'04

20

Q4'04

Source: World Gold Council

Q3'05

Q2'06

Q1'07

Q4'07

Q3'08

Q2'09

Q1'10

Q4'10

Q3'11

Q2'12

Q1'13

Q4'13

Q3'14

FINANCIAL DISCIPLINE

Why Goldcorp? MANAGING IN A VOLATILE GOLD MARKET

Free Cash Flow

– CAPITAL & OPERATING COSTS

+ HIGH-QUALITY PRODUCTION GROWTH

Gold Price (US$)

21

Source: Capital IQ – gold price (January 1, 2008 – February 19, 2015)

Goldcorp Advantage

Quality Growth

Gold Focus

Responsible Mining Practices

Safe, Profitable Production

Peer-Leading Balance Sheet

Low Political Risk

SUPERIOR INVESTMENT PROPOSITION

22

2015 Guidance APPENDIX A

2014 Actual

2015 Guidance(1)

2.87M

3.3 - 3.6M

$949 $542 $668

$875 - $950 $500 - $550 $625 - $675

$2.2B

$1.2B - $1.4B

Exploration expenditures(2)

$152M

$170M

Corporate administration

$175M

$185M

Depreciation / oz

$336

$390

Tax rate

23%

35%

Gold Production (oz)

Cash costs $ / oz All-in sustaining By-product Co-product Capital expenditures(2)

(1) 2015 price assumptions: Au=$1,200/oz, Ag=$18.00/oz, Cu=$3.00/lb, Zn=$1.00/lb, Pb=$0.95/lb. (2) Includes capitalized exploration

23

Mine by Mine Guidance APPENDIX B

2014 Actual

2015E Guidance

Peñasquito

567,800

700,000 – 750,000

Cerro Negro

152,100

425,000 – 475,000

Pueblo Viejo (40.0%)

443,400

420,000 – 460,000

Red Lake

414,400

400,000 – 425,000

Éléonore

18,300

290,000 – 330,000

Porcupine

300,000

300,000 – 320,000

Los Filos

258,700

265,000 – 290,000

Musselwhite

278,300

250,000 – 270,000

Marlin

186,500

160,000 – 175,000

72,100

15,000 – 20,000

120,100

75,000 – 85,000

El Sauzal

37,700

0

Marigold (66.67%)(2)

21,800

0

2,871,200

3,300,000 – 3,600,000

Wharf(1) Alumbrera (37.5%)

TOTAL (1)

24

(2)

Wharf production guidance assumes closing of mine sale before March 31, 2015. Goldcorp estimates full-year 2015 gold production guidance at Wharf of between 85,000 and 90,000 ounces. Marigold mine was divested April 4, 2014

2015 Sensitivities APPENDIX C

Base Price

Change Increments

CFPS ($/share)

All-In Sustaining Costs ($/oz)

FCF ($mm)

Gold Price ($/oz)

$1,200

$100

$0.32

$3

$267

Silver Price ($/oz)

$18.00

$3.00

$0.09

$27

$70

Copper Price ($/lb)

$3.00

$0.50

$0.02

$7

$19

Zinc Price ($/lb)

$1.00

$0.10

$0.03

$11

$27

Lead Price ($/lb)

$0.95

$0.10

$0.01

$5

$12

Canadian Dollar

1.14

10%

$0.03

$17

$70

14.00

10%

$0.04

$17

$42

Mexican Peso

25

Text line Probe Transaction 1 TE A PX PT E NL D I NI X E D 2

Consideration Offered

Premium

Deal Protections

Timing 26

(1) (2)

 0.1755 Goldcorp share per Probe share representing total consideration of C$5.00 per Probe share1  Approximate total consideration: ~ C$526 million2  49% premium1

   

Customary non-solicitation covenants, subject to normal fiduciary outs Right to match Break fee of C$18.4 million payable to Goldcorp Unanimous support for the transaction and lockup agreements from the Board and Officers of Probe  Goldcorp currently owns 9.3% of Probe (8.4 million shares)  Probe shareholder meeting: March 20, 2015  Closing: late March 2015

Based on the closing prices of Goldcorp and Probe on January 16, 2015 On a fully-diluted basis

2015 Operating Cost Breakdown APPENDIX E

CONSOLIDATED

CANADA/USA

7% 7%

24%

4%

3% 1%

6%

CSA

4%

7% 9% 37%

2%

12%

2%

24%

1% 14%

14%

8%

14%

6%

16%

4%

18%

11%

8% 9%

MEXICO

9%

10%

13%

5%

Labour

Contractors

Fuel Costs

Power

Maintenance Parts

Consumables

Tires

Explosives

Site Costs

Others

6% 17%

3% 16%

14% 8%

27

8%

10%

9%

Notes APPENDIX F

Note 1: Free and adjusted operating cash flow, net asset value, and gold production and reserves are non-GAAP performance measures which Goldcorp believes that, in addition to conventional measures prepared in accordance with GAAP, Goldcorp and certain investors use to evaluate Goldcorp's ability to generate cash flows, its operating and economic performance and to provide measures which management uses internally to assess and evaluate the overall performance of its business and those of acquisition candidates and to highlight trends in the overall business. Accordingly, the measures are 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. Free cash flows are calculated by deducting from net cash provided by operating activities, Goldcorp's share of expenditures on mining interests, deposits on mining interest expenditures and capitalized interest paid, and adding Goldcorp's share of free cash flows provided by operating activities from Alumbrera and Pueblo Viejo. Adjusted operating cash flows comprises Goldcorp’s share of operating cash flows before working capital changes, dividends from associates and adjusted operating cash flows provided by Alumbrera and Pueblo Viejo. Net asset value is estimated as the discounted future after-tax cash flows expected to be derived from a mine site, less an amount for costs to sell estimated based on similar past transactions. When discounting estimated future after-tax cash flows, the Company uses its after-tax weighted average costs of capital. Estimated cash flows are based on expected future production, metal selling prices, operating costs and non-expansionary capital expenditures, excluding those cash flows arising from future enhancements of the asset. Note 2: The Company has included certain non-GAAP performance measures throughout this presentation. The Company believes that, in addition to conventional measures prepared in accordance with GAAP, the Company and certain investors use this information to evaluate the Company’s operating and economic performance; however, these non-GAAP performance measures do not have any standardized meaning. Accordingly, these performance measures are 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. The Company calculates its non-GAAP performance measures on an attributable basis. Attributable performance measures include the Company’s mining operations and projects, and the Company’s share from Alumbrera and Pueblo Viejo. The Company believes that disclosing certain performance measures on an attributable basis is a more relevant measurement of the Company’s operating and economic performance, and reflects the Company’s view of its core mining operations. By-product cash costs incorporate Goldcorp’s share of all production costs, adjusted for changes in estimates at the Company’s closed mines which are non-cash in nature, and include Goldcorp’s share of by-product credits, and treatment and refining charges included within revenue. Additionally, cash costs are adjusted for realized gains and losses arising on the Company’s commodity and foreign currency contracts which the Company enters into to mitigate the Company’s exposure to fluctuations in by-product metal prices, heating oil prices and foreign exchange rates, which may impact the Company’s operating costs.

28

Notes APPENDIX F (CONTINUED)

In addition to conventional measures, the Company uses total cash costs, by product and co-product, per gold ounce, to monitor its operating cash costs internally and believes these measure provide investors and analysts with useful information about the Company’s underlying cash costs of operating and the impact of by-product revenues on the Company’s cost structure. The Company reports total cash costs on a gold ounces sold 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 Gold Institute, which ceased operations in 2002, was a non-regulatory body and represented a global group of suppliers of gold and gold products. The production cost standard developed by the Gold Institute remains the generally accepted standard of reporting cash costs of production by gold mining companies. The Company, in conjunction with an initiative undertaken within the gold mining industry, has adopted an all-in sustaining cost performance measure; however, this performance measure has no standardized meaning and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The Company follows the guidance note released by the World Gold Council, which became effective January 1, 2014. The World Gold Council is a non-regulatory market development organization for the gold industry whose members comprise global senior gold mining companies. All-in sustaining costs include total production cash costs incurred at the Company’s mining operations, which forms the basis of the Company’s byproduct cash costs. Additionally, the Company includes sustaining capital expenditures, corporate administrative expense, exploration and evaluation costs, and reclamation cost accretion. The Company believes that this measure represents the total costs of producing gold from current operations, and provides the Company and other stakeholders of the Company with additional information of the Company’s operational performance and ability to generate cash flows. As the measure seeks to reflect the full cost of gold production from current operations, new project capital is not included. Certain other cash expenditures, including tax payments, dividends and financing costs are also not included. The Company reports this measure on a gold ounces sold basis. Note 3: The terms “mineral reserve”, “proven mineral reserve” and “probable mineral reserve” defined in accordance with NI 43-101 differ from the definitions in US SEC Industry Guide 7 (“SEC Industry Guide 7”) under the US Securities Act. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves.

29

Goldcorp Gold Mineral Reserves APPENDIX G

PROVEN AND PROBABLE RESERVES (1)(4)(5) GOLD Alumbrera (37.5%)

Au g/t

Moz

Argentina

56.25

0.31

0.55

84.52

0.68

1.85

Camino Rojo

Mexico

Cerro Blanco

Guatemala

Cerro Negro

Argentina

INFERRED RESOURCES (1)(2)(3)(4)(6)

(1)(2)(3)(4)(6)

Mt

Au g/t

Moz

Mt

221.41

0.87

6.20

2.52

15.64

1.27

16.87

9.70

5.26

3.80

5.32

0.65

Au g/t

Moz

86.14

0.78

2.17

1.35

15.44

0.67

1.54

6.44

0.32

Cochenour

Canada

9.30

11.55

3.45

Dee (40.0%)

United States

1.14

4.40

0.16

20.47

1.30

0.86

3.87

0.68

0.08

Éléonore

Canada

24.57

6.30

4.97

5.19

6.34

1.06

12.09

7.19

2.80

El Morro (70.0%)

Chile

419.34

0.46

6.24

64.65

0.41

0.85

474.65

0.30

4.52

El Sauzal

Mexico

2.86

2.29

0.21

0.04

1.33

0.00

Los Filos

Mexico

247.19

0.85

6.77

123.70

1.04

4.13

175.86

0.82

4.64

Marlin

Guatemala

1.85

5.26

0.31

0.62

4.29

0.09

0.09

7.17

0.02

Musselwhite

Canada

7.61

6.79

1.66

0.98

5.62

0.18

7.02

5.61

1.27

Noche Buena

Mexico

71.75

0.42

0.96

17.67

0.42

0.24

Peñasquito Heap Leach

Mexico

89.74

0.29

0.85

116.69

0.21

0.77

24.44

0.19

0.15

Peñasquito Mill

Mexico

546.98

0.55

9.70

504.75

0.28

4.50

17.47

0.13

0.08

Porcupine

Canada

57.94

1.60

2.98

168.31

1.41

7.61

16.92

2.87

1.56

Pueblo Viejo (40.0%)

Dominican Republic

58.35

3.31

6.21

49.83

2.62

4.20

1.33

2.51

0.11

Red Lake

Canada

6.42

9.96

2.06

4.11

17.74

2.34

3.00

19.58

1.89

San Nicolas (21.0%)

Mexico

19.26

0.46

0.28 36.15

2.28

0.26

0.02 23.97

TOTAL GOLD

30

Mt

MEASURED AND INDICATED RESOURCES

49.58

Goldcorp Gold Mineral Reserve (cont’d) APPENDIX G

Goldcorp December 31, 2014 Reserve and Resource Reporting Notes: 1 2 3 4

5

6

All Mineral Reserves and Mineral Resources have been calculated in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101, or the AusIMM JORC equivalent. All Mineral Resources are reported exclusive of Mineral Reserves. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. Reserves and Resources are reported as of December 31, 2014, with the following conditions or exceptions: (i) Reserves and Resources for Pueblo Viejo are as per information provided by Barrick Gold Corporation. (ii) Reserves and Resources for Dee are as per information provided by Barrick Gold Corporation. (iii) Resources for San Nicolas are as per information provided by Teck Resources Limited (2012 Study). Mineral Reserves are estimated using appropriate recovery rates and US$ commodity prices of $1,300 per ounce of gold, $22 per ounce of silver, $3.00 per pound of copper, $0.90 per pound of lead, and $0.90 per pound of zinc, unless otherwise noted below: (i) Alumbrera $1,332/oz gold and $3.17/lb copper (ii) Pueblo Viejo, Dee $1,100/oz gold, $17/oz silver, $3.00/lb copper Mineral Resources are estimated using US$ commodity prices of $1,500 per ounce of gold, $24 per ounce of silver, $3.50 per pound of copper, $1.00 per pound of lead, and $1.00 per pound of zinc, unless otherwise noted below; (i) Pueblo Viejo, Dee $1,400/oz gold, $19/oz silver, $3.50/lb copper (ii) San Nicolas $1,275/oz gold, $22.50.00/oz silver, $2.75/lb copper, $1.00/lb zinc (iii) Éléonore $1,300/oz gold

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: These tables use the terms “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 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. Scientific and technical information contained in this presentation was reviewed and approved by Gil Lawson, P.Eng., Vice-President, Geology and Mine Planning for Goldcorp, and a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).

31

Borden Gold Project Gold Mineral Resources (1)

APPENDIX H

Underground NI 43-101 Resources Estimate Cut-off g/t Au

32

Tonnage Grade Gold oz (000’s) g/t Au (000’s)

Open Pit NI 43-101 Resource Estimate Cut-off g/t Au

Tonnage Grade Gold oz (000’s) g/t Au (000’s)

Indicated

2.5

9,262

5.39

1,604

0.5

70,301

1.03

2,322

Inferred

2.5

3,034

4.37

426

0.5

247

0.80

6

(1) Source: Probe news release dated June 10, 2014 “Probe Mines Announces First High-Grade Mineral Resource Estimate for Borden Gold Project, Ontario”, available under Probe’s profile at www.sedar.com