Established in 2004, Silver Wheaton has quickly positioned itself as the largest silver streaming company in the world. The company has entered into a number of agreements where, in exchange for an upfront payment, it has the right to purchase, at a low fixed cost, all or a portion of the silver production from several high-quality mines located in politically stable regions around the globe. Silver Wheaton currently has agreements to purchase silver from 16 operating mines and 3 development stage projects.

The company’s exceptional growth profile is driven by a portfolio of world-class assets, including silver streams on Goldcorp’s Peñasquito mine in Mexico and Barrick’s Pascua-Lama project straddling the border of Chile and Argentina. Silver Wheaton’s unique business model creates significant shareholder value by providing:

• Leverage to increases in the silver price;
• Additional growth through the acquisition of new silver streams;
• A dividend yield, which has the potential to grow over time; and,
• Participation in the exploration success of the mines underlying our current agreements.

Silver Wheaton offers these benefits while at the same time reducing many of the downside risks faced by traditional mining companies. In particular, Silver Wheaton offers its investors both capital and operating cost certainty. Other than its initial upfront payment, Silver Wheaton has no ongoing capital or exploration costs. Furthermore, its operating costs are essentially fixed at approximately US$4 per ounce of silver produced, allowing shareholders to benefit from strong margin growth in a rising silver price environment.

The company has an experienced management team with a strong track record of success, and it is well positioned for further growth.

Randy Smallwood - President & Chief Executive Officer

Curt Bernardi - Senior Vice President, Legal & Corporate Secretary

Gary Brown - Senior Vice President & Chief Financial Officer

Patrick Drouin - Vice President, Investor Relations

Haytham Hodaly - Senior Vice President, Corporate Development

Douglas Holtby² - Chairman

Lawrence Bell³ - Director

George Brack^1,2 - Director

John Brough^1,3 - Director

Peter Gillin^1,2 - Director

Eduardo Luna - Director

Wade Nesmith³ - Director

Randy Smallwood - Director

⁽¹⁾ Member of the Audit Committee.
⁽²⁾ Member of the Human Resources Committee.
⁽³⁾ Member of the Corporate Governance and Nominating Committee.