Mr. Randy Smallwood reports

WHEATON PRECIOUS METALS PUBLISHES 2022 SUSTAINABILITY REPORT HIGHLIGHTING COMMITMENT TO PROGRESS

Wheaton Precious Metals Corp. has published its 2022 sustainability report.

"At Wheaton, we recognize the responsibility we have to positively contribute to our communities and support industry best practices in ESG," said Randy Smallwood, Wheaton's President and Chief Executive Officer. "We believe that sustainability is a journey that requires an unwavering commitment to progress, and we can only succeed by doing this together. I am incredibly proud of Wheaton's performance and continued leadership in ESG."

Report Highlights

The 2022 report is a comprehensive review of Wheaton's performance in environmental, social and governance ("ESG") topics including:

ESG Strategy & Governance:

• Progress updates on Wheaton's ESG strategy, targets and commitments.
• Updated materiality assessment using a 'double materiality' approach.
• Established a sustainability linked element in connection with the revolving credit facility.

Environment:

• Expanded information on the pathway to achieve net zero carbon emissions by 20501 and progress to date on this topic, with a focus on Scope 3 financed emissions. 68% of 2021 Scope 3 financed emissions covered by emissions reductions targets aligned to 2degreeC or less.

Diversity, Equity and Inclusion:

• Achieved target of 30% female Board members two years early.
• Set a new goal to increase the percentage of gender diversity and visible minorities at Wheaton, inclusive of leadership, and advance diversity and inclusion initiatives.

Community Investment Program:

• Over $5.9 million distributed throughout the year in support of over 100 charitable causes and initiatives around the world.
• Over $38 million in contributions to local charities and mining communities since inception of the Community Investment Program in 2009.

Investment Decisions and Due Diligence:

• 100% of new streaming agreements in 2022 screened for ESG issues and risks.
• 85% of Wheaton's mining partners are committed to implementing one or more industry sustainability standards, representing 89% of attributable 2022 production.

Recognition:

• 'ESG Industry Top-Rated' in precious metals and 'ESG Global 50 Top Rated' out of over 15,000 multi-sector companies by Sustainalytics, 'AA' rated by MSCI and 'Prime' rated by ISS.
• Recognized as one of the Best 50 Corporate Citizens in Canada by Corporate Knights.
• Achieved a B score on CDP's Climate Change Questionnaire.

Information and data in Wheaton's 2022 Sustainability Report was informed by the Sustainability Accounting Standards Board ("SASB"), Global Reporting Initiative ("GRI") and the Task Force on Climate-Related Financial Disclosures ("TCFD"). A separate TCFD-aligned Climate Change Report will be released later this year and will include detailed climate-related disclosures.

About Wheaton Precious Metals Corp.

Wheaton Precious Metals 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 amongst 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 practices and giving back to the communities where Wheaton and its mining partners operate. Wheaton creates sustainable value through streaming.

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