In c at least, breaking out of an error condition is still best handled with a goto (where you can clean up all matter of memory in an organized fashion without littering your code with if elses).
It's been nearly a decade since I've used plain C, so I'm not 100% sure, but I was under the impression that it doesn't have any native support for exceptions. So yes, under those circumstances "goto" would definitely be appropriate.
In C#, you can implement resource ownership with the IDisposable interface and "using" keyword, which guarantees that once you leave the block (via an exception or regular control flow), the resource is cleaned up. In C++, you can use the RAII pattern that another commenter brought up. What other problems do exceptions introduce?
In my as-functional-as-is-practical programming philosophy, you throw an exception when there is no valid output for your function. Whether or not that's recoverable is up to the client to decide. Nulls are an extremely poor substitute for this, as they push the responsibility of output validation onto the client, and every single line of code must be enclosed in an "if (foo != null)" block.
EDIT: Removed unproductive "zinger" at end.