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

Silver Wheaton has included, throughout this document, certain non-IFRS performance measures, including (i) operating cash flow per share (basic and diluted); (ii) average cash costs of silver and gold on a per ounce basis; and (iii) cash operating margin.

      i.   Operating cash flow per share (basic and diluted) is calculated by
           dividing cash generated by operating activities by the weighted
           average number of shares outstanding (basic and diluted). The
           Company presents operating cash flow per share as management and
           certain investors use this information to evaluate the Company's
           performance in comparison to other companies in the precious metals
           mining industry who present results on a similar basis.

      ii.  Average cash cost of silver and gold on a per ounce basis is
           calculated by dividing the total cost of sales, less depletion, by
           the ounces sold. In the precious metals mining industry, this is a
           common performance measure but does not have any standardized
           meaning. In addition to conventional measures prepared in
           accordance with IFRS, management and certain investors use this
           information to evaluate the Company's performance and ability to
           generate cash flow.

      iii. Cash operating margin is calculated by subtracting the average cash
           cost of silver and gold on a per ounce basis from the average
           realized selling price of silver and gold on a per ounce basis. The
           Company presents cash operating margin as management and certain
           investors use this information to evaluate the Company's
           performance in comparison to other companies in the precious metals
           mining industry who present results on a similar basis.

These non-IFRS measures do not have any standardized meaning prescribed by IFRS, and other companies may calculate these measures differently.  The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For more detailed information, please refer to pages 22 to 24 of Silver Wheaton's Management Discussion and Analysis available on the Company's website at http://www.silverwheaton.com and posted on SEDAR at http://www.sedar.com

For further information:

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