An anonymous director reports

WHEATON PRECIOUS METALS DECLARES QUARTERLY DIVIDEND

Wheaton Precious Metals Corp.'s board of directors has declared its third quarterly cash dividend payment for 2023 of 15 U.S. cents per common share.

Third quarterly dividend

The third quarterly cash dividend for 2023 of 15 U.S. cents will be paid to holders of record of Wheaton common shares as of the close of business on Aug. 25, 2023, and will be distributed on or about Sept. 7, 2023. The ex dividend trading date is Aug. 24, 2023.

Under the company's dividend policy, for the 2023 calendar year, the quarterly dividend per common share is targeted to equal the greater of 30 per cent of the average cash generated by operating activities in the previous four quarters divided by the company's then outstanding common shares, all rounded to the nearest cent and the dividend declared in the prior quarter. To minimize volatility in quarterly dividends, the company has set a minimum quarterly dividend for the duration of 2023 equal to the dividend per common share declared in the prior quarter.

The declaration, timing, amount and payment of future dividends remain at the discretion of the board of directors. This dividend qualifies as an eligible dividend for Canadian income tax purposes.

Dividend reinvestment plan

The company has previously implemented a dividend reinvestment plan (DRIP). Participation in the DRIP is optional. For the purposes of this quarterly dividend, the company has elected to issue common shares under the DRIP through treasury at the average market price, as defined in the DRIP, without a discount.

The company may, from time to time, in its discretion, apply, change or eliminate any discount applicable to treasury acquisitions, as defined in the DRIP, or direct that such common shares be purchased in market acquisitions, as defined in the DRIP, at the prevailing market price, any of which would be publicly announced.

The DRIP and enrolment forms, including direct deposit, are available for download on the company's website in the investors section under the dividends tab.

Registered shareholders may also enroll in the DRIP on-line through the plan agent's self-service web portal.

Beneficial shareholders should contact their financial intermediary to arrange enrolment. All shareholders considering enrolment in the DRIP should carefully review the terms of the DRIP and consult with their advisers as to the implications of enrolment in the DRIP.

We seek Safe Harbor.