MAY 2015

building on a proven strategy C O R P O R AT E U P D A T E

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 or “The Company”). 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 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, among others, gold price volatility, discrepancies between actual and estimated production, mineral reserves and mineral 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 believes its expectations are based upon reasonable assumptions and 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 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, 2014 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.

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

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;

4

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 (Sustaining capex: $875M-$1.025B)(1)

Capital spending decreases with completion of two new high quality mines (1)

5

Refer to Appendix E for non-GAAP disclosure

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

Track Record of Growth

2012 2.4Moz

2013 2.7Moz

2014 2.87Moz

2015E(1) 3.3-3.6Moz

Start-up of new mines and strong production from cornerstone mines (1)

6

See Appendix B for mine-by-mine guidance and Appendix E for non-GAAP disclosure

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

Revenues1 Gold price3 US$/oz

$2,000

2012 $5.4B $1,500

2013 $4.7B

2014 $4.5B

2015E $5.1B2 $5.5B

$1,000

(1) (2) (3)

7

Revenues on an attributable basis which include the Company’s share from Alumbrera and Pueblo Viejo and revenues associated with discontinued operations; net of TCRC’s See Appendix A for budget price assumptions Gold price – Capital IQ (January 1, 2012 – March 31, 2015)

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

Focus on Cost Control Drives Declining Costs 1

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

2014 $949/oz

2015E $875950/oz

New mines, Operating for Excellence program drive cost savings (1)

8

Costs are all-in sustaining cost per gold ounce; see Appendix E for non-GAAP disclosure

FINANCIAL DISCIPLINE

First Quarter 2015 Q1 2015 Actual Gold Production(1) (oz) Cash costs(1) $ / oz All-in sustaining By-product Co-product

Capital expenditures(2)

$885 $585 $670

$439M

Exploration expenditures(3)

$35M

Corporate administration(4)

$40M

Depreciation / oz

$444

Tax rate

66%

(1)

See Appendix E for non-GAAP disclosure Includes capitalized interest and exploration but excludes income tax credits (3) Includes capitalized exploration (4) Excludes share-based compensation expense of $15 million (2)

9

724,800

FINANCIAL DISCIPLINE

Sustained High Quality Production FORECAST STRONG PRODUCTION, LOW-COSTS EXPECTED TO DRIVE INCREASING FREE CASH FLOW1

GEO PRODUCTION (MOZ)

5.0

0.0 2014A (1)

10

2015E

See Appendix E for non-GAAP disclosure

2016E Gold

2017E GEO

2018E

2019E

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

Current Operations & Building Future Value

CONCEPT & EXPLORATION STUDY PHASE

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,

Peñasquito - Metallurgical Enhancement Project (MEP) - Camino Rojo El Morro Los Filos - U/G expansion Éléonore - Crown pillar

Peñasquito - Skarn Red Lake - HG Young Porcupine – TVZ, Borden Gold Musselwhite - West Limb

FINANCIAL DISCIPLINE

Strong Balance Sheet Maintained FLEXIBILITY TO FUND GROWTH OPPORTUNITIES

$0.42B Cash & Cash Equivalents and Money Market Investments

86%

NET DEBT AS % OF MARKET CAP(2,3)

81%

50%

$1.3B Liquidity(1) 20%

$0.86B Undrawn Revolving Credit Facility

(1)

42%

24%

$1.2B

$3.5B

$3.9B

$1.0B

$3.3B

$1.7B

$10.3B

Agnico

Goldcorp

Newmont

Kinross

Newcrest

Yamana

Barrick

Based on financial information as of March 31, 2015 As of March 31, 2015; All amounts as reported in company financial statements. Goldcorp’s net debt position adjusted to include $309M of attributable Pueblo Viejo project debt. (3) See Appendix E for non-GAAP disclosure (2)

12

41% 36%

$3.3B AngloGold

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 O U T S TA N D I N G 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

13%

5% GUATEMALA

DOMINICAN REPUBLIC 2015E

15% ARGENTINA

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 RAMP-UP CONTINUES COMMERCIAL PRODUCTION ACHIEVED JAN. 1, 2015 - 2014A: 152,100ozs - 2015E: 425,000 - 475,000ozs MINE PRODUCTION RATES INCREASING - Additional u/g mobile equipment on-site - Training program ongoing

15

(1)

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

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

NEW GROWTH DRIVER

Éléonore RAMPING UP QUEBEC’S NEWEST GOLD MINE COMMERCIAL PRODUCTION ACHIEVED ON APRIL 1, 2015 - 2014A: 18,300ozs - 2015E: 290,000 - 330,000ozs DEVELOPMENT (as of Mar. 31, 2015) - Production shaft at depth of 1,140m - Exploration ramp reached a depth of 887m

16

(1)

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

EXPLORATION FOCUS - Reserve growth in the Lower Mine RESERVES AND RESOURCES(1) - P&P gold reserves: 4.97Mozs - Inferred gold resources: 2.80Mozs

CANADA

Red Lake INTEGRATION PLAN ADVANCING GOLD PRODUCTION - 2014A: 414,400ozs; AISC: $934/oz - 2015E: 400,000 - 425,000ozs COCHENOUR - On track for mill feed from first stopes in Q3 2015 - Drilling from underground with twelve drills

17

EXPLORATION FOCUS HG YOUNG DISCOVERY - $30M BUDGET - Underground drilling underway from rehabilitated Campbell headings - Numerous high grade intercepts - Defining footprint dimensions

L AT I N A M E R I C A

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 METALLURGICAL ENHANCEMENT PROJECT - Feasibility completion expected early 2016

18

NORTHERN WELL FIELD PROJECT - Negotiations ongoing to secure surface rights to complete the final connection of the pipeline CAMINO ROJO - Pre-feasibility completion expected late-2016 - 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

FINANCIAL DISCIPLINE

Why Goldcorp? MANAGING IN A VOLATILE GOLD MARKET

Free Cash Flow

– CAPITAL & OPERATING COSTS

+ HIGH-QUALITY PRODUCTION GROWTH

Gold Price (US$)

20

Source: Capital IQ – gold price (January 1, 2008 – March 31, 2015)

Goldcorp Advantage

Quality Growth

Gold Focus

Responsible Mining Practices

Safe, Profitable Production

Peer-Leading Balance Sheet

Low Political Risk

SUPERIOR INVESTMENT PROPOSITION

21

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(3)

$152M

$170M

Corporate administration(4)

$175M

$185M

Depreciation / oz

$336

$390

Tax rate

23%

45%(5)

Gold Production (oz) Cash costs(2) $ / oz All-in sustaining By-product Co-product Capital expenditures(3)

(1) (3)

22

2015 price assumptions: Au=$1,200/oz, Ag=$18.00/oz, Cu=$3.00/lb, Zn=$1.00/lb, Pb=$0.95/lb; (2) See Appendix E for non-GAAP disclosure Includes capitalized exploration; (4) Includes stock-based compensation; (5) Tax rate re-guided on April 30, 2015, previously overall guidance for 2015 was 35%

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

Alumbrera (37.5%)

120,100

75,000 – 85,000

Wharf(1)

72,100

11,400

El Sauzal

37,700

0

Marigold (66.67%)(2)

21,800

0

2,871,200

3,300,000 – 3,600,000

TOTAL (1)

23

(2)

Wharf divested on February 20, 2015 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

24

2015 Operating Cost Breakdown APPENDIX D

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%

25

8%

10%

9%

Notes APPENDIX E

Note 1: The Company has included non-GAAP performance measures on an attributable (or Goldcorp’s share) basis throughout this presentation. Attributable performance measures include the Company’s mining operations, including its discontinued operation, and projects, and the Company’s share of 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. 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 performance and ability to generate cash flow; however, these performance measures do not have any standardized meaning. 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. Note 2: The Company has included non-GAAP performance measures – total cash costs, by-product and co-product, per gold ounce, throughout this presentation. In the gold mining industry, total cash costs 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. In addition to conventional measures prepared in accordance with GAAP, the Company assesses this measure in a manner that isolates the impacts of gold production volumes, the by-product credits, and operating costs fluctuations such that the non-controllable and controllable variability is independently addressed. The Company uses total cash costs, by-product and co-product, per gold ounce, to monitor its operating performance internally, including operating cash costs, as well as in its assessment of potential development projects and acquisition targets. The Company believes these measures provide investors and analysts with useful information about the Company’s underlying cash costs of operations and the impact of by-product credits on the Company’s cost structure and is a relevant metric used to understand the Company’s operating profitability and ability to generate cash flow. When deriving the production cash costs associated with an ounce of gold, the Company includes byproduct credits as the Company considers that the cost to produce the gold is reduced as a result of the by-product sales incidental to the gold production process, thereby allowing the Company’s management and other stakeholders to assess the net costs of gold production. The Company and 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 Goldcorp’s share of byproduct silver, copper, lead and zinc sales revenues from Goldcorp’s share of production costs. Refer to page 36 of the Q1 2015 MD&A for a reconciliation of total cash costs (by-product) per ounce for Q1 2015 to the unaudited condensed interim consolidated financial statements. Total cash costs on a co-product basis are calculated by allocating Goldcorp’s share of production costs to each co-product based on the ratio of actual sales volumes multiplied by budget metal prices, as compared to realized sales prices. The Company uses budget prices to eliminate price volatility and improve co-product cash cost reporting comparability between periods. The budget metal prices used in the calculation of co-product total cash costs were as follows: 2015 2014 2013 Gold $ 1,200 $ 1,200 $ 1,600 Silver 18 20 30 Copper 3.00 3.00 3.50 Lead 0.95 1.00 0.90 Zinc 1.00 0.90 0.90

26

Notes APPENDIX E (CONT’D)

If silver, lead and zinc for Peñasquito, silver for Marlin, Cerro Negro and Pueblo Viejo, and copper for Alumbrera were treated as co-products, Goldcorp's share of total coproduct cash costs, including discontinued operations, for the three months ended March 31, 2015, would be $670 per ounce of gold, $9.79 per ounce of silver, $2.36 per pound of copper, $0.80 per pound of zinc, and $0.81 per pound of lead (March 31, 2014 – $673 per ounce of gold, $10.58 per ounce of silver, $2.26 per pound of copper, $0.73 per pound of zinc and $0.85 per pound of lead). Using actual realized sales prices, co-product total cash costs, including discontinued operations, would be $683 per gold ounce for the three months ended March 31, 2015 (March 31, 2014 – $683). Refer to page 35 of the Q1 2015 MD&A for a reconciliation of total cash costs to reported production costs. Note 3: All-in sustaining costs and all-in costs are non-GAAP performance measures that the Company believes more fully define the total costs associated with producing gold; however, these performance measures have no standardized meaning. Accordingly, it is intended to provide (in United States dollars, tabular amounts in millions, except where noted) additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP. The Company reports these measures on a gold ounces sold basis. The Company's all-in sustaining and all-in cost definitions conform to 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. Refer to page 36 of the Q1 MD&A for a reconciliation of all-in sustaining costs, page 57 of the 2014 Annual Report and page 57 of the 2013 Annual Report. Note 4: Free cash flows is a non-GAAP performance measure which the Company believes, in addition to conventional measures prepared in accordance with GAAP, the Company and certain investors use to evaluate the Company's ability to generate cash flows. 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 and it has no standardized meaning. 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 net cash provided by operating activities from Alumbrera and Pueblo Viejo. Note 5: Net Debt/Market capitalization is a non-GAAP performance measure which the Company believes, in addition to conventional measures prepared in accordance with GAAP, the Company and certain investors use to evaluate the Company's debt levels relative to its peers. 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 and it has no standardized meaning. Net debt is calculated, on an attributable basis to include the Company’s share of Alumbrera and Pueblo Viejo, by adding short term and long term debt less cash and cash equivalents. Market capitalization is information retrieved from Capital IQ and uses the outstanding number of shares of a company multiplied by its share price as at a certain time period. To reconcile Net Debt to a GAAP measure the debt of $309M from Pueblo Viejo is deducted. Note 6: Sustaining capital expenditures are defined as those expenditures which do not increase annual gold ounce production at a mine site and excludes all expenditures at the Company’s projects and certain expenditures at the Company’s operating sites which are deemed expansionary in nature.

27

Reserves & Resources APPENDIX F

GOLDCORP MINERAL RESERVES PROVEN

As of December 31, 2014

Tonnage

GOLD Alumbrera Camino Rojo Cerro Blanco Cerro Negro Cochenour Dee El Morro El Sauzal Eleonore Los Filos Marlin Musselwhite Noche Buena Penasquito Heap Leach Penasquito Mill Porcupine Pueblo Viejo Red Lake San Nicolas Totals

28

37.5% 100.0% 100.0% 100.0% 100.0% 40.0% 70.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 40.0% 100.0% 21.0%

Grade

PROBABLE Contained

Tonnage mt

1.88 84.52 16.53 1.14 194.07 21.58 198.42 0.54 4.47 45.96 210.72 45.63 40.19 5.23 -

mt

g Au/t

m oz

54.38 0.34 225.27 2.99 48.77 1.31 3.15 43.78 336.26 12.31 18.16 1.19 -

0.31 6.01 0.56 6.27 1.07 5.31 7.31 0.35 0.64 2.34 3.18 14.16 -

0.54 0.07 4.07 0.60 1.67 0.22 0.74 0.49 6.92 0.93 1.85 0.54 18.66

Grade

PROVEN & PROBABLE

Contained

Tonnage

g Au/t

m oz

mt

g Au/t

m oz

0.21 0.68 9.78 4.40 0.35 6.30 0.80 5.15 6.41 0.24 0.41 1.40 3.37 9.01 -

0.01 1.85 5.19 0.16 2.17 4.37 5.10 0.09 0.92 0.35 2.77 2.05 4.36 1.52 -

56.25 84.52 16.87 1.14 419.34 24.57 247.19 1.85 7.61 89.74 546.98 57.94 58.35 6.42 -

0.31 0.68 9.70 4.40 0.46 6.30 0.85 5.26 6.79 0.29 0.55 1.60 3.31 9.96 -

0.55 1.85 5.26 0.16 6.24 4.97 6.77 0.31 1.66 0.85 9.70 2.98 6.21 2.06 -

30.92

Grade

Contained

49.58

Reserves & Resources APPENDIX F (CONT’D)

GOLDCORP MINERAL RESOURCES As of December 31, 2014

MEASURED Tonnage

GOLD Alumbrera Camino Rojo Cerro Blanco Cerro Negro Cochenour Dee El Morro El Sauzal Eleonore Los Filos Marlin Musselwhite Noche Buena Penasquito Heap Leach Penasquito Mill Porcupine Pueblo Viejo Red Lake San Nicolas Totals

29

37.5% 100.0% 100.0% 100.0% 100.0% 40.0% 70.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 40.0% 100.0% 21.0%

Grade

MEASURED & INDICATED

INDICATED

Contained

Tonnage

Grade

Contained

Tonnage

Grade

mt

g Au/t

m oz

mt

g Au/t

m oz

mt

g Au/t

m oz

mt

g Au/t

m oz

0.32 0.00 13.85 0.86 11.36 0.36

7.36 2.69 0.53 8.03 2.62 4.24

0.24 20.22 137.76 42.25 1.46 1.39 -

5.67 0.14 0.28 1.49 2.88 20.26 -

0.08 0.00 0.24 0.22 0.96 0.05 0.04 0.09 1.22 2.02 0.13 0.90 -

221.41 2.52 3.48 20.47 50.79 2.86 4.33 112.34 0.26 0.74 71.75 96.47 366.98 126.06 48.38 2.72 19.26

0.87 15.64 5.13 1.30 0.38 2.29 6.00 0.88 4.35 5.61 0.42 0.22 0.28 1.38 2.61 16.46 0.46

6.20 1.27 0.57 0.86 0.62 0.21 0.83 3.17 0.04 0.13 0.96 0.68 3.27 5.58 4.07 1.44 0.28

221.41 2.52 3.80 20.47 64.65 2.86 5.19 123.70 0.62 0.98 71.75 116.69 504.75 168.31 49.83 4.11 19.26

0.87 15.64 5.32 1.30 0.41 2.29 6.34 1.04 4.29 5.62 0.42 0.21 0.28 1.41 2.62 17.74 0.46

6.20 1.27 0.65 0.86 0.85 0.21 1.06 4.13 0.09 0.18 0.96 0.77 4.50 7.61 4.20 2.34 0.28

86.14 1.35 1.54 9.30 3.87 474.65 0.04 12.09 175.86 0.09 7.02 17.67 24.44 17.47 16.92 1.33 3.00 2.28

0.78 15.44 6.44 11.55 0.68 0.30 1.33 7.19 0.82 7.17 5.61 0.42 0.19 0.13 2.87 2.51 19.58 0.26

2.17 0.67 0.32 3.45 0.08 4.52 0.00 2.80 4.64 0.02 1.27 0.24 0.15 0.08 1.56 0.11 1.89 0.02

5.96

Contained

30.19

Tonnage

Grade

INFERRED

36.15

Contained

23.97

Reserves & Resources APPENDIX F (CONT’D) 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”). For additional information on the scientific and technical information contained herein, see Goldcorp’s annual information form dated March 13, 2015 filed under Goldcorp’s profile on SEDAR at www.sedar.com Goldcorp December 31, 2014 Mineral Reserve and Mineral Resource Reporting Notes: 1 All Mineral Reserves and Mineral Resources have been calculated in accordance with the standards of the Canadian Institute of Mining, Metallurgy and Petroleum and NI 43-101, or the AusIMM JORC equivalent. 2

All Mineral Resources are reported exclusive of Mineral Reserves.

3

Mineral Reserves and Mineral Resources are reported as of December 31, 2014, with the following conditions or exceptions: (i)

Mineral Reserves and Mineral Resources for Pueblo Viejo are as per information provided by Barrick Gold Corporation.

(ii) Mineral Reserves and Mineral Resources for Dee are as per information provided by Barrick Gold Corporation. (iii) Mineral Resources for San Nicolas are as per information provided by Teck Resources Limited (2012 Study). 5

6

30

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 $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

copper,

Reserves & Resources APPENDIX F (CONT’D)

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: These tables have been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of United States securities laws and uses terms that are not recognized by the United States Securities and Exchange Commission (“SEC”). The terms “Mineral Reserve”, “Proven Mineral Reserve” and “Probable Mineral Reserve” are Canadian mining terms as defined in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) — Definition Standards adopted by CIM Council on May 10, 2014 (the “CIM Definition Standards”) which were incorporated by reference in the Canadian Securities Administrators’ NI 43-101 . These definitions differ from the definitions in SEC Industry Guide 7 (“SEC Industry Guide 7”) under United States securities laws. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves 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. United States investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and great uncertainty 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 regulations, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. United States investors are cautioned not to assume that all or any part of an Inferred Mineral Resource exists or is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations if such disclosure includes the grade or quality and the quantity for each category of Mineral Resource and Mineral Reserve; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measures. Accordingly, information contained in this presentation containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by United States companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.

31