DIVIDEND DECLARATION Wheaton Precious Metals Declares Quarterly Dividend

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November 9, 2023

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 fourth quarterly cash dividend

payment for 2023 of US$0.15 per common share.

Fourth Quarterly Dividend

The fourth quarterly cash dividend for 202 3 of US$0.15 will be paid to holders of record of

Wheaton common shares as of the close of business on November 28, 2023 , and will be

distributed on or about December 8, 2023. The ex-dividend trading date is November 27, 2023.

Under the Company’s dividend policy, for the 202 3 calendar year, the quarterly dividend per

common share is targeted to equal the greater of 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 and the dividend declared in the prior quarter. To minimize

volatility in quarterly dividends, the Company has set a minimum quarterly dividend for the

duration of 2023 equal to the dividend per common share declared in the prior quarter.

The declaration, timing, amount and payment of future dividends 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 implemented a Dividend Reinvestment Plan (“DRIP”). Participation

in the DRIP is optional. For the purposes of this quarterly dividend, the Company has elected to

issue common shares under the DRIP through treasury at the Average Market Price, as defined

in the DRIP, without a discount.

The Company may, from time to time, in its discretion, apply, change or eliminate any 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://tsxtrust.com/DRIP

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.

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

statement relating to the DRIP has been filed with the U.S. Securities and Exchange Commission

and may be obtained under the Company’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 Street, 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 legislation concerning the business, operations and

financial performance of Wheaton. Forward -looking statements, which are all statements other

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

dividends. Forward-looking statements are subject 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 Bus iness – Risk

Factors” in Wheaton's Annual Information Form available on SEDAR+ at www.sedarplus.ca and

Wheaton's Form 40-F for the year ended December 31, 2022 filed March 31, 2023 on file with the

U.S. Securities and Exchange Commission on EDGAR and the risks identified under "Risks and

Uncertainties" in Wheaton’s Management's Discussion and Analysis for the year ended December

31, 2022, available on SEDAR+ and in Wheaton’s Form 6-K filed March 9, 2023. Forward-looking

statements are based on assumptions management currently believes to be reasonable, including

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

commodities, that estimations of future production from the Mining Operations and mineral

reserves and resources are accurate, 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, and that Wheaton's application of the CRA

Settlement 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) and

possible domestic audits for taxation years subsequent to 2016 and international audits.

For further information, please contact:

Emma Murray

Vice President, Investor Relations

Wheaton Precious Metals Corp.

Tel: 1-844-288-9878

Email: [email protected]