Silver Wheaton to Release 2011 Fourth Quarter and Full

FOR IMMEDIATE RELEASE TSX:SLW January 31, 2012 NYSE:SLW

SILVER WHEATON TO RELEASE 2011 FOURTH QUARTER AND FULL YEAR RESULTS ON MARCH 22, 2012

Vancouver, British Columbia – Silver Wheaton Corp. (TSX:SLW)(NYSE:SLW) will release 2011 full year results on Thursday, March 22, 2012, after market close.

A conference call will be held Friday, March 23, 2012, starting at 11:00 am (Eastern Time) to discuss these results. To participate in the live call use one of the following methods:

Dial toll free from Canada or the US: 1-888-231-8191 Dial from outside Canada or the US: 1-647-427-7450 Pass code: 47916637 Live audio webcast: www.silverwheaton.com

Participants should dial in five to ten minutes before the call.

The conference call will be recorded and you can listen to an archive of the call by one of the following methods:

Dial toll free from Canada or the US: 1-855-859-2056 Dial from outside Canada or the US: 1-416-849-0833 Pass code: 47916637 Archived audio webcast: www.silverwheaton.com

For further information, please contact:

Brad Kopp Senior Vice President, Investor Relations Silver Wheaton Corp.

Tel: 1-800-380-8687 Email: [email protected] Website: www.silverwheaton.com