Mr. Randy Smallwood reports

WHEATON PRECIOUS METALS PUBLISHES INAUGURAL CLIMATE CHANGE REPORT

Wheaton Precious Metals Corp. has published its inaugural 2022 climate change report. The report was prepared in alignment with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and outlines how Wheaton is addressing climate change risks and opportunities and the resiliency of its portfolio to climate impacts.

"Mining plays a vital role in facilitating the energy transition, and, as a provider of capital to the industry, we have a unique opportunity to influence and encourage our partners to operate in a sustainable manner, including setting targets to reduce their greenhouse gas emissions," said Randy Smallwood, Wheaton's president and chief executive officer. "In addition, our high-quality portfolio of assets is diversified in terms of jurisdiction and commodity, allowing Wheaton to effectively manage our exposure to climate-related risks. Through our business model, we are well positioned to help fund the supply of critical metals needed for the growing demand for low-carbon technology and infrastructure."

Report highlights

Highlights from the 2022 climate report include:

• Details on climate-related governance, strategy, risk management, and metrics and performance;
• Expanded information on the pathway to achieve net-zero carbon emissions by 2050 (1) and progress to date on this topic, with a focus on Scope 3 financed emissions;
• Identification of climate risks, opportunities and management strategies, including incorporation of climate risks and opportunities in the due diligence process and continuing monitoring mechanisms;
• Commitment to support its mining partners' decarbonization and climate solution efforts;
• 68 per cent of 2021 Scope 3 financed emissions covered by emission reduction targets aligned to 2 C or less.

Wheaton's climate report complements the recently published 2022 sustainability report and reinforces its commitment to provide stakeholders with transparent and detailed reporting of its environmental, social and governance (ESG) performance and practices (2).

About Wheaton Precious Metals Corp.

Wheaton is the world's premier precious metal 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 environmental, social and governance practices and giving back to the communities where Wheaton and its mining partners operate. Wheaton creates sustainable value through streaming.

Endnotes

(1) Net zero includes emission reductions in line with a 1.5 C trajectory across scopes 1, 2 and 3. Achievement of net zero may include the use of offsets for residual emissions in 2050.

(2) All information in the climate report is subject to the cautionary language contained therein, as well as Wheaton's annual and quarterly financial statements, management's discussion and analysis, annual information form, and annual report.

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