VANCOUVER, BRITISH COLUMBIA, July 15, 2010 – GOLDCORP INC. (TSX: G, NYSE: GG) today agreed to support the proposed transaction whereby Thompson Creek Metals Inc. (“Thompson Creek”) will acquire all of the outstanding common and preferred shares of Terrane Metals Corp. (“Terrane”).

Goldcorp controls 58% of the outstanding shares of Terrane through its ownership of 240 million preferred shares and 27.3 million common shares. In conjunction with the Thompson Creek acquisition of Terrane, Goldcorp has agreed to vote its securities in support of the Thompson Creek acquisition. Upon completion of the transaction,

Goldcorp will receive proceeds of C$240.5 million in cash and 13.9 million Thompson Creek common shares representing approximately 8% of the outstanding shares.

“Mt. Milligan is a high quality copper-gold project that is ready to move into construction," said Chuck Jeannes, President and Chief Executive Officer. "The Terrane team has done a great job advancing the project. Thompson Creek provides the financial strength and management to build and operate the mine, bringing benefits to British Columbia and shareholders of both companies. We look forward to being a significant shareholder of Thompson Creek. Goldcorp will deploy the cash proceeds toward the continued development of its industry-leading suite of core gold projects."

BMO Capital Markets acted for Goldcorp as financial advisor and Osler, Hoskin & Harcourt LLP as legal advisor.

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.