Wheaton Precious Metals Announces Randy Smallwood Appointed as New Chair of the World GOLD Council

FOR IMMEDIATE RELEASE TSX: WPM

September 3, 2020 NYSE: WPM

WHEATON PRECIOUS METALS ANNOUNCES RANDY SMALLWOOD

APPOINTED AS NEW CHAIR OF THE WORLD GOLD COUNCIL

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

"Company") is pleased to announce that the World Gold Council has app ointed Randy

Smallwood, President and Chief Executive Officer of Wheaton, as its new Chair.

“I am honoured to represe nt the World Gold Council as its new Chair, especially in thes e

times when the importance of gold is becoming ever more apparent. There is no better

industry body to advocate the case for gold t han the World Gold Council, who has worked

tirelessly to grow gold’s recognition as an essential allocation within any inves tment

portfolio, while at the same time nurturing the more traditional demand segments,” said

Randy Smallwood, President and Chief E xecutive Officer of Wheaton. “The World Gold

Council is well -positioned to continue leading on landmark initiatives that sup port our

industry, such as the development of the Responsible Gold Mining Principles. I look forward

to working with David Tait and the rest of the team, and the entire Board to further advance

the invaluable work o f the World Gold Council and deliver industry -leading standards that

help set the bar.”

Since 2014, Wheaton has been a member of the World Gold Counci l, which includes the

world’s leading gold mining companies. The World Gold Council is the market development

organization for the gold industry. Its purpose is to stimulate and sustain demand for gold,

provide industry leadership and be the global authority on the gold market.

“Randy has been a valuable member of the Board for many year s and brings a wealth of

knowledge and industry experience ” said Da vid Tait, Chief Executive of the World Gold

Council. “Randy is widely known and highly respected across the mini ng industry, which I

believe will greatly help us in our endeavours to explain the important role that gold plays in

today’s societies and the importance of gold as an asset class. I am very much looking

forward to working closely with him as our new Chair.”

Doug Ho ltby, Wheaton’s Cha irman of the Board, further commented, “I’d lik e to

congratulate Randy on this appointment. Under Randy’s leadership, Wheaton has bec ome

a leader in the precious metals streaming space from both a financial and sustainability

perspective. I strongly believe the World Gold Council will benefit f rom his many years of

experience and commitment to responsible mining.”

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