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Silver Wheaton Acquires Gold Streams From Vale's Salobo And Sudbury Mines

Stocks in this article: SLW VALE

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Silver Wheaton is the largest precious metals streaming company in the world. Based upon its current agreements, forecast 2013 attributable production is approximately 33.5 million silver equivalent ounces, including 145 thousand ounces of gold [ 1]. By 2017, annual attributable production is anticipated to increase significantly to approximately 53 million silver equivalent ounces, including 180 thousand ounces of gold [ 1]. This growth is driven by the Company's portfolio of low-cost and long-life assets, including silver and precious metal streams on Barrick's Pascua-Lama project, Hudbay's Constancia project, and Vale's Sudbury and Salobo mines.

____________________________ [ 1] Silver equivalent production forecast assumes a gold/silver ratio of 53.3:1

Silver Wheaton's Reserves and Resources for Sudbury and Salobo Mines are as follows:

ATTRIBUTABLE RESERVES & RESOURCES ATTRIBUTAL TO SILVER WHEATON [ (1] , [ 2] , [ 3] , [ 4] , [ 5] , [ 6] , [ 8] , [ 11][)]

                                              Tonnage   Grade   Contained   Recovery[(7)]
          Mine               Category           Mt       g/t     Au Moz              %
     Salobo (25%)(9)          Proven           142.1    0.45      2.06
    Sudbury (70%)(10)        Reserves          34.8     0.29      0.33
     Salobo (25%)(9)         Probable          135.9    0.40      1.75
    Sudbury (70%)(10)        Reserves          26.5     0.49      0.42
     Salobo (25%)(9)         Proven &          278.0    0.43      3.80              66%
    Sudbury (70%)(10)        Probable          61.3     0.38      0.75              81%
          Total              Reserves                             4.55
    Sudbury (70%)(10)   Indicated Resources    23.3     0.33      0.25
     Salobo (25%)(9)                           13.7     0.29      0.13
    Sudbury (70%)(10)   Inferred Resources     18.9     0.67      0.40
          Total                                                   0.53


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