Dividend Declaration Wheaton Precious Metals Declares Quarterly Dividend

March 10, 2022 TSX | NYSE | LSE: WPM

Vancouver, British Columbia

DIVIDEND DECLARATION

WHEATON PRECIOUS METALS DECLARES QUARTERLY DIVIDEND

Vancouver, British Columbia – Wheaton Precious Metals™ Corp. (“Wheaton” or the

“Company”) is pleased to announce that its Board of Directors has declared its first quarterly

cash dividend payment for 2022 of US$0.15 per common share.

First Quarterly Dividend

The first quarterly cash dividend for 2022 of US$0.15 will be paid to holders of record of

Wheaton Precious Metals common shares as of the close of business on March 24, 2022 and

will be distributed on or about April 7, 2022.

Under the Company’s dividend policy, the quarterly dividend per common share is targeted to

equal approximately 30% of the average cash generated by operating activities in the previous

four quarters divided by the Company’s then outstanding common shares, all rounded to the

nearest cent. To minimize volatility in quar terly dividends, the Company has set a minimum

quarterly dividend for the duration of 2022 equal to the dividend per common share declared

in the prior quarter.

The declaration, timing, amount and payment of future divi dends remain at the discretion of

the Board of Directors. This dividend qualifies as an ‘eligible dividend’ for Canadian income

tax purposes.

Dividend Reinvestment Plan

The Company has previously im plemented a Dividend Reinvest ment Plan (“DRIP”).

Participation in the DRIP is optional. For the purposes of this first quarterly dividend, the

Company has elected to issue common shares under the DRIP through treasury at a 1%

discount to the Average Market Price, as defined in the DRIP. However, the Company may,

from time to time, in its discretion, change or eliminate the discount applicable to Treasury

Acquisitions, as defined in the DRIP, or direct that such common shares be purchased in

Market Acquisitions, as defined in the DRIP , at the prevailing market price, any of which

would be publicly announced.

The DRIP and enrollment forms, including direct deposit, are available for download on the

Company’s website at www.wheatonpm.com, in the ‘investors’ section under the ‘dividends’

tab.

Registered shareholders may also enroll in the DRIP online through the plan agent’s self-

service web portal at: https://ca.astfinancial.com/InvestorServices/Search-Issuers?lang=en

Beneficial shareholders should contact their financial intermediary to arrange enrollment. All

shareholders considering enrollment in the DRIP should carefully review the terms of the

DRIP and consult with their advisors as to the implications of enrollment in the DRIP.

- 2 -

This press release is not an offer to sell or a solicitation of an offer of securities. A registration

statement relating to the DRI P has been filed wit h the U.S. Securities and Exchange

Commission and may be obtained under the Co mpany’s profile on the U.S. Securities and

Exchange Commission’s website at http://www.sec.gov. A written copy of the prospectus

included in the registration statement may be obtained by contacting the Corporate Secretary

of the Company at 1021 West Hastings Stre et, Suite 3500, Vancouver, British Columbia,

Canada V6E 0C3.

CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS

This press release contains “forward-looking statements” within the meaning of the United States

Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the

meaning of applicable Canadian securities legisl ation concerning the business, operations and

financial performance of Wheaton. Forward-lookin g statements, which ar e all statements other

than statements of historical fact, include, but are not limited to, statements with respect to future

dividends. Forward-looking statements are subj ect to known and unknown risks, uncertainties

and other factors that may cause the actual results, level of activity, performance or achievements

of Wheaton to be materially different from those expressed or implied by such forward-looking

statements including risks discussed in the section entitled “Description of the Business – Risk

Factors” in Wheaton's Annual Information Form available on SEDAR at www.sedar.com and

Wheaton's Form 40-F for the year ended December 31, 2020 and Form 6-K filed March 31, 2021

both on file with the U.S. Securities and E xchange Commission on EDGAR. Forward-looking

statements are based on assumptions manageme nt currently believes to be reasonable,

including (without limitation) that there will be no material adverse change in the market price of

commodities, that the mining operations from which Wheaton purchases precious metals will

continue to operate, that each party will satisfy their obligations in accordance with the precious

metals purchase agreements, that neither Whea ton nor the Mining O perations will suffer

significant impacts as a result of an epidemic (including the COVID-19 virus pandemic) and that

Wheaton's application of the CRA Settlement for years subsequent to 2010 is accurate (including

the Company's assessment that there will be no material change in the Company's facts or

change in law or jurisprudence for years subsequent to 2010).

For further information, please contact:

Patrick Drouin

Senior Vice President, Investor Relations

Wheaton Precious Metals Corp.

Tel: 1-844-288-9878

Email: [email protected]

Website: www.wheatonpm.com