An anonymous director reports

WHEATON PRECIOUS METALS ANNOUNCES INCREASE TO QUARTERLY DIVIDEND

Wheaton Precious Metals Corp.'s board of directors has declared its first quarterly cash dividend payment for 2024 of 15.5 U.S. cents per common share, an increase from the fourth quarterly cash dividend payment for 2023 of 15 U.S. cents per common share.

Amendment to dividend policy

The company has revised its dividend policy, transitioning from distributing 30 per cent of the average of the previous four quarters' operating cash flows to shareholders, to adopting a progressive dividend policy marked by an increase to the company's 2024 annual dividend.

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.

First quarterly dividend

The first quarterly cash dividend for 2024 of 15.5 U.S. cents will be paid to holders of record of Wheaton common shares as of the close of business on April 3, 2024, and will be distributed on or about April 15, 2024. The ex dividend trading date is April 2, 2024.

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 enrollment 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.