Silver Wheaton Changes NAME to Wheaton Precious Metals

FOR IMMEDIATE RELEASE TSX: SLW

May 10, 2017 NYSE: SLW

SILVER WHEATON CHANGES NAME TO

WHEATON PRECIOUS METALS

Vancouver, British Columbia – Silver Wheaton Corp. (“Silver Wheaton” or the “Company”)

(TSX:SLW) (NYSE:SLW) is pleased to announce that it has filed Articles of Amendment to

change its name to Wheaton Precious Metals Corp. (“Wheaton Precious Metals”).

Shareholders approved a special resolution to change the name at the Company's Annual

and Special Meeting of Shareholders held on May 10, 2017.

The change of name to Wheaton Prec ious Metals is effective May 10, 2017. Concurrently,

the Company’s wholly owned subsidiary, Silver Wheaton (Caymans) Ltd. will change its

name to Wheaton Precious Metals International Ltd.

It is anticipated th at the Company will commence trading under the symbol “WPM” on the

TSX and NYSE effective on or about the opening of trading on May 16, 2017.

“Changing our name to Wheaton Precious Metals marks our evolution from a pure silver

streaming company to a dive rsified precious metals streaming company. Since 2004, the

company has focused on building the best portfolio of precious metals streams underpinned

by low-cost mining operations. Starting in 2013, the opportunities have been more focused

on gold, and thus, our portfolio is now relatively balanced between silver and gold. We are

excited about this new identity, which better reflects our underlying operations and still

respects our history ,” said Randy Smallwood, President and Chief Executive Offi cer of

Silver Wheaton.

New Website

As part of the rebranding initiative, the newly designed corporate website will launch on May

16, 2017, to coincide with the commencement of the Company's shares trading under the

new stock symbol " WPM" on the TSX and NYSE. The new domain name will be:

www.wheatonpm.com. Visitors to the current website and emails to existing Company

addresses will be redirected.

More Than Just Silver

The new name, Wheaton Precious Metals , better aligns with the Company's diverse

portfolio of both silver and gold assets. Since 2013, the Company has seen a marked

increase in gold production, and more recently, for the third consecutive quarter , revenue

was roughly evenly split between silver a nd gold. Over the C ompany's history, value has

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been created through streaming both silver and gold assets, and the new name will

reinforce its position as the leader in precious metals streaming.

For further information, please contact:

Patrick Drouin

Senior Vice President, Investor Relations

Silver Wheaton Corp.

Tel: 1-800-380-8687

Email: [email protected]

Website: www.silverwheaton.com