An anonymous director reports

WHEATON PRECIOUS METALS ANNOUNCES RENEWAL OF ITS AT-THE-MARKET EQUITY PROGRAM

Wheaton Precious Metals Corp. has renewed its at-the-market equity program. The ATM program allows the company to issue up to $300-million (U.S.) (or the equivalent in Canadian dollars determined using the daily exchange rate posted by the Bank of Canada on the date of sale) of common shares from treasury to the public from time to time, at the company's discretion and subject to regulatory requirements. Any common shares sold in the ATM program will be sold (i) in ordinary brokers' transactions on the New York Stock Exchange or another United States marketplace on which the common shares are listed, quoted or otherwise trade, (ii) ordinary brokers' transactions on the Toronto Stock Exchange, (iii) on another Canadian marketplace on which the common shares are listed, quoted or otherwise trade, or (iv) with respect to sales in the United States, at the prevailing market price, a price related to the prevailing market price or at negotiated prices. Since the common shares will be distributed at the prevailing market prices at the time of the sale or certain other prices, prices may vary among purchasers and during the period of distribution.

Wheaton has not utilized the ATM program since its inception in April, 2020, as a result of robust cash flows and access to debt. Wheaton intends to use the net proceeds from the ATM program, if any, where needed for financing precious metals purchase agreements (PMPAs) and/or other general corporate purposes, including the repayment of indebtedness.

Sales of common shares through the ATM program, if any, will be made pursuant to the terms of an ATM equity offering sales agreement dated May 9, 2023, entered into among the company, BofA Merrill Lynch, BMO Capital Markets, RBC Dominion Securities Inc., Scotiabank, CIBC Capital Markets, TD Securities, National Bank Financial Markets, Eight Capital, Raymond James Ltd., and Canaccord Genuity and BofA Securities, BMO Capital Markets, RBC Capital Markets LLC, and Scotiabank. The ATM program will be effective until the date that all common shares available for issue under the ATM program have been issued or the ATM program is terminated prior to such date by the company or the agents.

Concurrent with the entering into of the sales agreement, the company's previously announced ATM equity offering sales agreement dated April 16, 2020, as amended on May 12, 2021, was terminated. No common shares were issued through the company's previous at-the-market equity program.

The ATM program is being established pursuant to a prospectus supplement dated May 9, 2023, to the company's Canadian base shelf prospectus dated April 13, 2023, filed with the securities commissions in each of the provinces and territories of Canada and pursuant to a prospectus supplement dated May 9, 2023, to the company's U.S. base prospectus dated April 13, 2023, included in its registration statement on Form F-10 and filed with the U.S. Securities and Exchange Commission (the SEC). The sales agreement, Canadian prospectus supplement and canadian shelf prospectus may be downloaded from SEDAR, and the sales agreement, the U.S. prospectus supplement, the U.S. base prospectus and the registration statement are accessible via EDGAR on the SEC website. Alternatively, agents participating in the ATM program will arrange to send you these documents if you request it by contacting them (details in the original news release).

About Wheaton Precious Metals Corp.

Wheaton is the world's premier precious metals streaming company with the highest-quality portfolio of long-life, low-cost assets. Its business model offers investors leverage to commodity prices and exploration upside but with a much lower risk profile than a traditional mining company. Wheaton delivers among the highest cash operating margins in the mining industry, allowing it to pay a competitive dividend and continue to grow through accretive acquisitions. As a result, Wheaton has consistently outperformed gold and silver, as well as other mining investments. Wheaton is committed to strong ESG (environmental, social and governance) practices and giving back to the communities where Wheaton and its mining partners operate. Wheaton creates sustainable value through streaming.

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