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Goldcorp: News Release Dated April 7, 2016

The following excerpt is from the company's SEC filing.

Exhibit 99.1

Goldcorp Announces Investment in Probe Metals

NYSE:

(All amounts in $Cdn unless stated otherwise)

GOLDCORP INC. (TSX: G, NYSE: GG)

(the "Company") announces that it has entered into an agreement with Probe Metals Inc. ("Probe Metals"), pursuant to which the Company has agreed to subscribe for 4,400,000 common shares (the "Probe Metals Shares") in the capital of Probe Metals at a price of $0.66 per share for an aggregate subscription price of $2,904,000 (the "Private Placement"). The 4,400,000 Probe Metals Shares represent approximately 12.6% of the current issued and outstanding Probe Metals Shares. The acquisition of the Probe Metals Shares is conditional on the closing of the acquisition of Adventure Gold Inc. by Probe Metals (the "Transaction").

The Probe Metals Shares trade on the TSX Venture Exchange under the symbol "PRB", and the Probe Metals Shares will be issued from treasury pursuant to a private placement. Goldcorp currently owns 6,177,846 Probe Metals Shares (17.7% of the current issued and outstanding Probe Metals Shares) and has the right to acquire ownership of 4,400,000 Probe Metals Shares pursuant to the Private Placement, which will result in ownership of an aggregate of 10,577,846 Probe Metals Shares, representing approximately 30.3% of the current issued and outstanding Probe Metals Shares. Following completion of the Private Placement and the Transaction, Goldcorp will own an aggregate of 10,577,846 Probe Metals Shares, representing approximately 15% of the issued and outstanding Probe Metals Shares. The Probe Metals Shares are being acquired for investment purposes. Goldcorp will evaluate its investment in Probe Metals from time to time and may, based on such evaluation of market conditions and other circumstances, increase or decrease shareholdings as circumstances require.

This news release is being issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report respecting the Private Placement will be filed on System for Electronic Document Analysis and Review at www.sedar.com under Probe Metals' issuer profile. In order to obtain a copy of the early warning report, please contact Randall Chatwin, Assistant General Counsel at telephone number: 604-696-3000.

Goldcorp's head office is located at Suite 3400 – 666 Burrard St. Vancouver, BC, V6C 2X8.

About Goldcorp

Goldcorp is a leading gold producer focused on responsible mining practices with safe, low-cost production throughout the Americas. A portfolio of long-lived, high-quality assets positions Goldcorp to deliver long-term value.

Cautionary Note Regarding Forward Looking Statements

This press release contains "forward-looking statements", within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Exchange Act of 1934, as amended, or the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" under the provisions of applicable Canadian...


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