FACT SHEET MARCH 2018 Value through streaming. Wheaton Precious Metals, formerly Silver Wheaton, is the world’s largest pure silver and gold streaming company. The Company has entered into agreements to purchase all Investor Highlights or a portion of the silver and/or gold production from high-quality mines for an upfront payment and an additional payment upon delivery of the precious metals. The Company • Highest margins in the precious offers investors leverage to increasing silver and gold prices, a sustainable dividend, and metals space both organic and acquisition growth opportunities. Wheaton Precious Metals offers these • Portfolio of long-life, low cost assets benefits while at the same time seeks to reduce many of the downside risks faced by • Proven track record of accretive traditional mining companies. For example, operating costs are contractually set at the acquisitions time the stream is entered into, allowing investors to benefit from cost predictability and • Sustainable dividend policy strong margin growth in an environment of rising silver and gold prices. • Highest dividend yield amongst streaming peers Wheaton Precious Metals currently has streaming agreements covering 20 operating mines and 9 development stage projects. The Company’s production profile is driven by a portfolio of high quality assets, including a gold stream on Vale’s Salobo mine, and silver streams on Glencore’s Antamina mine and Goldcorp’s Peñasquito mine. The Company’s Trading Symbols estimated attributable silver and gold production in 2017 is forecast to be 28 million silver Common shares ounces and 340,000 gold ounces. Estimated average annual attributable silver and gold NYSE: WPM production over the next five years (including 2017) is anticipated to be approximately TSX: WPM 29 million silver ounces and 340,000 gold ounces per year. Financial Highlights 9 Months Ending 12 Months Ending September 30, 2017 December 31, 2016 Silver ounces produced 21,435,000 30,379,000 Silver ounces sold 17,352,000 28,322,000 Gold ounces produced 254,495 353,703 Gold ounces sold 242,910 330,009 Sales (US$) 600,669,000 891,557,000 Cash flow from operations (US$) 419,960,000 584,301,000 Net earnings (US$) 241,596,000 195,137,000 Precious Metal Streaming Explained – Unlocking Value Wheaton Precious Metals began utilizing the streaming model in 2004 after it was recognized that The Streaming Advantage silver produced as a by-product by mining companies was not being efficiently valued by the financial • Predictable costs markets. Streaming was viewed as a way to unlock this value, both for Wheaton Precious Metals’ • Diverse asset base shareholders and partner mine owners. Since its introduction, the streaming model has also been • Commodity price leverage applied to gold and other resources. • Potential exploration upside • High margins Streaming allows Wheaton Precious Metals to purchase a percentage of the precious metals produced • Sustainable dividend by a mine for an upfront payment, and an additional delivery payment as the precious metal is delivered1. The delivery payment is set at a level intended to offset Wheaton Precious Metals’ partners’ cost to produce an ounce of silver or gold. Wheaton Precious Metals does not own or operate mines and is therefore not exposed to rising capital and operating costs in respect of each stream. However, the Company’s agreements are typically for the life of the operation, giving Wheaton Precious Metals exposure to potential future exploration success and expansion at these mining assets. How Streaming Works WHEATON PRECIOUS METALS PARTNER Streaming Company Mining Company Step 1 Pays partner mining Uses the capital as it chooses, company upfront amount to typically as a non-dilutive purchase a percentage of form of financing to build or future production of silver expand mines, help fund an and/or gold from a mine acquisition, or to repay existing debt Step 2 Pays a pre-determined As the mine produces, "delivery payment" for each ounce the company delivers the of precious metal delivered agreed upon percentage of its by-product precious metal production to the streaming company Sells precious metals Step 3 The streaming company uses the money to: Streaming typically provides strong upside with downside protection Invest in Support new streams communities Pay dividends to shareholders WHEATON PRECIOUS METALS | FACT SHEET MARCH 2018 Global Assets Map OPERATING MINES DEVELOPMENT PROJECTS 1 Keno Hill, Canada 1 2 Minto, Canada 2 3 Kutcho, Canada 28 4 777, Canada 3 5 Coleman, Canada 4 6 Copper Cliff, Canada 10 5–9 7 Creighton, Canada 8 Garson, Canada 26 29 9 Totten, Canada 27 10 Victor, Canada 11 11 Rosemont, USA 12 San Dimas, Mexico Partners 12 13 13 Peñasquito, Mexico 14 14 Los Filos, Mexico Vale 15 Toroparu, Guyana Glencore 16 Lagunas Norte, Peru Goldcorp 15 17 Antamina, Peru Barrick Gold 18 Pierina, Peru Lundin Mining 16 22 18 17 19 Yauliyacu, Peru Eldorado Gold 19 20 20 Cotabambas, Peru 21 Hudbay Minerals 21 Constancia, Peru Pan American Silver 22 Salobo, Brazil Primero Mining 23 Pascua-Lama, Chile/Argentina 23 Capstone Mining 24 24 Veladero, Argentina 25 Navidad, Argentina Alexco Resource Sandspring Resources 26 Aljustrel, Portugal 25 27 Neves-Corvo, Portugal Panoro Minerals 28 Zinkgruvan, Sweden Leagold Mining 29 Stratoni, Greece Kutcho Copper Share Capital Trading Statistics (52 weeks to Oct. 31, 2017) AVERAGE DAILY Issued and Outstanding 442.4 million (as of Sept. 30, 2017) TRADING HIGH LOW CLOSE VOLUME Fully Diluted* 442.7 million (as of Sept. 30, 2017) NYSE US$ $22.82 $17.04 $20.74 3.6 million Market Capitalization US$9.2B (as of Oct. 31 2017) TSX CAD$ $30.01 $22.75 $26.77 1.1 million *As per the treasury method Reserves Attributable to Resources Attributable to Wheaton Precious Metals3 Wheaton Precious Metals3 PROVEN & MEASURED PROVEN PROBABLE PROBABLE MEASURED INDICATED & INDICATED INFERRED Silver (Moz) 335.7 391.8 727.5 Silver (Moz) 163.7 643.6 807.3 381.2 Gold (Moz) 6.16 5.25 11.41 Gold (Moz) 0.59 2.40 2.99 2.82 WHEATON PRECIOUS METALS | FACT SHEET MARCH 2018 Corporate Information Cautionary Statements 1. Delivery payments are approximately US$4/oz for silver and US$400/oz for gold, with an inflationary adjustment of approximately 1% per annum after the third year of CORPORATE HEAD OFFICE production. Wheaton Precious Metals Corp. 2. The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking statements, which are all statements other than Suite 3500 – 1021 West Hastings St. statements of historical fact, include, but are not limited to, statements with respect to: the estimated future production; the future price of commodities; the estimation of mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production (including 2017 and average Vancouver, BC Canada V6E 0C3 attributable annual production over the next five years); the costs of future production; reserve determination; estimated reserve conversion rates and produced but not yet delivered ounces; any statements as to future dividends, the ability to fund outstanding commitments and the ability to continue to acquire accretive precious metal T +1 604.684.9648 stream interests; confidence in the Company’s business structure; and assessments of the impact and resolution of various legal and tax matters, including outstanding audits, proceedings with the CRA, proceedings before the courts and outstanding class action litigation. Generally, these forward-looking statements can be identified TF +1 800.380.8687 by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “projects”, F +1 604.684.3123 “intends”, “anticipates” or “does not anticipate”, or “believes”, “potential”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. wheatonpm.com Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Wheaton Precious Metals to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to fluctuations in the price of commodities; risks related to the silver and gold interests, other silver interests, other gold interests and the early deposit SUBSIDIARY OFFICE silver and gold interests currently owned by the Company (the “Mining Operations”) including risks related to fluctuations in the price of the primary commodities mined at such operations, actual results of mining and exploration activities, environmental, economic and political risks of the jurisdictions in which the Mining Operations are Wheaton Precious Metals International Ltd. located, and changes in project parameters as plans continue to be refined; the absence of control over Mining Operations and having to rely on the accuracy of the public disclosure and other information Wheaton Precious Metals receives from the owners and operators of the Mining Operations as the basis for its analyses, forecasts Suite 300 – 94 Solaris Avenue and assessments relating to its own business; risks related