VANCOUVER, April
10, 2014 /CNW/ – GOLDCORP
INC. (TSX: G) (NYSE: GG) today announced that it intends to
increase its previously-announced offer to acquire all of the outstanding
common shares of Osisko Mining Corporation (“Osisko”)
(TSX: OSK, Deutsche Boerse: EWX) to C$7.65 per Osisko
share for a total consideration of approximately C$3.6 billion
(the “Offer”).

Osisko shareholders who
tender to the offer will be entitled to receive 0.17 of a Goldcorp
common share plus an increase in the cash portion of the Offer to a total of C$2.92
for each Osisko common share.   The Offer represents a premium to the
closing price of Osisko on April 9, 2014 and a superior alternative
to the other proposal.

“The recent completion
of our due diligence process has confirmed the technical and financial merits
of our decision to acquire Osisko,” said Chuck Jeannes, Goldcorp
President and Chief Executive Officer.  “We also remain excited about
the opportunity to significantly expand our presence in Quebec.  Goldcorp’s
increased offer represents straightforward and superior value for Osisko
shareholders, while ensuring accretion on key per-share metrics for Goldcorp
shareholders.  Osisko shareholders will retain continued exposure to a
consolidated and unencumbered interest in the Canadian Malartic gold mine and
will participate in Goldcorp’s
growing portfolio of world-class assets.  The choice is clear for Osisko’s
shareholders.”

The Offer will be modified
such that the minimum tender condition will be satisfied if 50.1% or more of
the outstanding Osisko common shares (on a fully diluted basis) have been
validly deposited prior to the expiry of the Offer, which will be extended to 11:59
p.m. EDT on April 22, 2014. Goldcorp
expects to be in position to take up and pay at the expiration of the Offer.

The Offer is being made by
means of, and subject to, the terms and conditions set out in the Offer and
Circular filed on January 14, 2014, as amended by the Notice of
Extension and Variation that will be filed with Canadian provincial regulators
and sent by Goldcorp to Osisko
shareholders. The full details of Goldcorp’s
offer for Osisko are set out in the takeover bid circular (the
“Circular”) and related documents that were filed by Goldcorp
with the Canadian provincial securities regulators and are available for review
on Goldcorp’s website at www.goldcorp.com and on SEDAR under Osisko’s
profile at www.sedar.com.

Goldcorp
encourages securityholders of Osisko to read the full details of the offer set
forth in the Circular, which contains the full terms and conditions of the
offer and other important information, as well as detailed instructions on how
Osisko shareholders can tender their Osisko shares to the offer. For assistance
in depositing Osisko shares to the offer, Osisko shareholders should contact
the Depositary, CST Trust Company, who can be contacted at 1-800-387-0825
toll free in North America
or at 416-682-3860 outside of North
America or by e-mail at [email protected];
or the Information Agent, D.F. King, who can be contacted at 212-269-5550
for all banks and brokerage firms or at 1-800-290-6431 toll-free for all others
or by email at [email protected].

For additional information
on Goldcorp’s offer for Osisko,
please visit the Company’s website at www.goldcorp.com.

About Goldcorp

Goldcorp
is one of the world’s fastest growing senior gold producers. 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” and “forward-looking
information” within the meaning of the US Securities Act, as
amended, the US Exchange Act, as amended, and the
United States Private Securities Litigation Reform Act of 1995
with the intention of obtaining the benefits of the “safe harbour”
provisions of such laws and applicable Canadian securities Laws concerning the
proposed transaction and the business, operations and financial performance and
condition of Goldcorp Inc. (“Goldcorp“)
and Osisko Mining Corporation (“Osisko“).

Forward-looking statements
include, but are not limited to, statements with respect to the anticipated
timing, mechanics, completion and settlement of the formal offer (the
“Offer”) to acquire all of the outstanding common shares of Osisko,
the market for and listing of the common shares of Goldcorp,
the value of the common shares of Goldcorp
received as consideration under the Offer, the ability of Goldcorp
to complete the transactions contemplated by the Offer, reasons to accept the
Offer, the purpose of the Offer.  Generally, these forward-looking
statements can be identified by the use of forward-looking terminology such as
“plans”, “expects”, “is expected”,
“budget”, “scheduled”, “estimates”,
“forecasts”, “intends”, “anticipates”, or “believes”,
or the negative of these terms or other variations of these terms or variations
of such words and phrases or state that certain actions, events or results
“may”, “could”, “would”, “should”,
“might”, “seeks” or “will”, “occur” or
“be achieved” or the negative of these terms or other variations of
these terms or comparable language, or by discussion of strategy or intentions.

Forward-looking statements
are made based upon certain assumptions and other important factors that could
cause Goldcorp’s actual
results, performance or achievements 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 that Goldcorp
will be successful in acquiring 100% of the issued and outstanding common
shares of Osisko, that all required third party regulatory and governmental
approvals to the transaction will be obtained and all other conditions to
completion of the transaction will be satisfied or waived, the price of gold
and silver, anticipated costs and the ability to achieve goals. Many of these
assumptions are based on factors and events that are not within the control of Goldcorp
and there is no assurance they will prove to be correct. 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.

The foregoing factors are
not intended to represent a complete list of the factors that could affect Goldcorp
and the acquisition of Osisko by Goldcorp.  Additional factors are noted
elsewhere in the Offer and Circular dated January 14, 2014 that
has been filed under Osisko’s profile on www.sedar.com
and in the documents incorporated by reference therein.

Goldcorp
does not intend or undertake to publically update any forward-looking
statements, whether as a result of new information, future events or otherwise,
except in accordance with applicable securities laws.  Any forward-looking
statements of facts related to Osisko discussed or disclosed herein are derived
from Osisko’s publicly filed documents or records.

This press release does not
constitute an offer to buy or an invitation to sell, or the solicitation of an
offer to buy or invitation to sell, any securities of Goldcorp
or Osisko. Such an offer may only be made pursuant to an offer and take-over
bid circular Goldcorp intends
to file with the Canadian securities regulators and pursuant to registration or
qualification under the securities laws of any other such jurisdiction. 

SOURCE Goldcorp
Inc.

Jeff
Wilhoit
Vice President, Investor Relations
Goldcorp Inc.
Telephone: (604) 696-3074
Fax: (604) 696-3001
E-mail:  [email protected]
website:  www.goldcorp.com