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Silver Wheaton Reports Record Production For The Third Quarter And First Nine Months Of 2013

Attributable silver equivalent production was 8.9 million ounces (6.8 million ounces of silver and 34,800 ounces of gold), representing an increase of 17% compared to the third quarter of 2012.

Operational highlights for the quarter ended September 30, 2013, are as follows:
      Pascua-Lama -

      As per Barrick's Q3 2013 MD&A dated October 31, 2013, Barrick has
      temporarily suspended construction activities at Pascua-Lama, except
      those required for environmental protection and regulatory compliance,
      and to place the project on care and maintenance. Barrick also stated
      that the decision to re-start construction activities will depend on
      improved project economics such as go-forward costs, the outlook for
      metal prices, and reduced uncertainty associated with legal and other
      regulatory requirements. As a result of the suspension, Barrick no
      longer expects first production by mid-2016.

      On October 31, 2013, the Company announced that, as a result of
      Barrick's decision to temporarily suspend construction activities at
      Pascua-Lama, the Company has amended its silver purchase agreement with
      Barrick. The amendment entails Silver Wheaton being entitled to 100% of
      the silver production from Barrick's Lagunas Norte, Pierina and Veladero
      mines until the end of 2016 - an extension of one year, and extending
      the completion test deadline an additional year to December 31, 2017. If
      the requirements of the completion test have not been satisfied by the
      amended completion date, the agreement may be terminated by Silver
      Wheaton. In such an event, Silver Wheaton will be entitled to the return
      of the upfront cash consideration of $625 million less a credit for any
      silver delivered up to that date.

      San Dimas -

      As stated in Primero Mining Corp.'s ("Primero") November 6, 2013
      disclosure, expansion of the San Dimas mine from 2,150 tonnes per day
      ("tpd") to 2,500 tpd is on track for commissioning during the first
      quarter of 2014. At September 30, 2013 the expansion of the mill to
      2,500 tpd was 70% complete. Mine development to feed the mill also
      remains on track to be completed during the first quarter of 2014. In
      addition, Primero continues to review the option to further expand the
      San Dimas mine to 3,000 tpd and will provide an update no later than

      Peñasquito -

      As stated in Goldcorp Inc.'s ("Goldcorp") October 24, 2013 disclosure,
      water production at Peñasquito continued in line with Goldcorp's
      expectations during the third quarter. In addition, the year to date
      rainfall has already exceeded the annual average for Peñasquito, which
      should improve recharge in the basin over time. Goldcorp also stated
      that the Northern Well Field ("NWF") project continued on schedule and
      the final routing has been selected. Land access agreements continued as
      planned throughout the quarter and final engineering designs are
      essentially complete. Construction activities are planned to commence in
      the fourth quarter of 2013.

      Other -

      On November 4, 2013, Silver Wheaton, through its wholly owned subsidiary
      Silver Wheaton (Caymans) Ltd., agreed to acquire from Hudbay 50% of the
      life of mine gold production from Constancia, located in southern Peru,
      for US$135 million. Silver Wheaton's August 2012 silver stream purchase
      agreement for 100% of the life of mine silver production from Constancia
      has now been amended to include 50% of the life of mine gold production.
      Silver Wheaton has the option to make the initial upfront payment in
      either cash or Silver Wheaton shares, calculated at the time the payment
      is made. Forecast average annual attributable gold production[1] from
      Constancia is anticipated to be approximately 35,000 gold ounces over
      the first five years, and 18,000 ounces life of mine.

      Produced But Not Yet Delivered -

      Payable silver equivalent ounces produced but not yet delivered to
      Silver Wheaton by its partners increased by 0.3 million ounces to
      approximately 5.3 million silver equivalent payable ounces at September
      30, 2013. An increase in produced but not yet delivered ounces at
      Yauliyacu was partially offset by a decrease at Other mines.

Detailed mine by mine production and sales figures can be found in the Appendix to this press release and in Silver Wheaton's Management's Discussion and Analysis ("MD&A") in the 'Results of Operations and Operational Review' section.
      [1]          Forecast gold production attributable to Silver Wheaton is
                   based on fixed recoveries as defined in the amended
                   precious metals agreement and the most recent mine plan.

New Addition to Silver  Wheaton 's Board of Directors Silver Wheaton is pleased to announce the addition of Chantal Gosselin to the Company's Board of Directors. Ms. Gosselin brings over 20 years of experience in the financial services and mining industry. Most recently, Ms. Gosselin served as Vice President and Portfolio Manager at Goodman Investment Counsel. Prior to this, she was a senior mining analyst at investment firm Sun Valley Gold LLP. Her career has also included brokerage firm positions at Genuity Capital, Haywood Securities Inc., and Dundee Securities Corporation. Prior to entering the financial industry, Ms. Gosselin held a variety of positions in the mining industry including mine site manager for Blackhawk Mining Inc., Aur Resources and Pan American Silver Corp. Ms. Gosselin holds a Bachelor of Science Mine Engineering degree from Laval University, an MBA from Concordia University, and a Chartered Investment Manager designation .

This earnings release should be read in conjunction with Silver Wheaton's MD&A and unaudited Financial Statements, which are available on the Company's website at and have been posted on SEDAR at

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