Initial fieldwork will be focused on the San Francisco Target area where previous work (see news release dated June 28, 2010) identified a 30 to 40 metre wide zone of strong oxidation centred on a 5 to 6 metre wide core area of strong silicification and veining.

Silver Wheaton Corp. (“Silver Wheaton” or the “Company”) (TSX:SLW) (NYSE: SLW) is pleased to announce that its Board of Directors has declared its third quarterly cash dividend payment for 2012 of US$0.10 per common share.