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Gold Wheaton purchases the gold by-product streams from the production of existing mines or mines currently being constructed.

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Message: Closes C$115 Million Equity Financing

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Closes C$115 Million Equity Financing

posted on Mar 05, 09 05:46AM

March 5, 2009

Gold Wheaton Closes C$115 Million Equity Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 5, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Gold Wheaton Gold Corp. (TSX VENTURE:GLW) (the "Company") announces that it has closed its previously announced C$100 million equity financing, including the full exercise of the underwriters' over-allotment option, for aggregate gross proceeds to the Company of C$115 million. A syndicate of underwriters, co-led by Paradigm Capital Inc., Canaccord Capital Corporation, and GMP Securities L.P. and including BMO Nesbitt Burns Inc., and Scotia Capital Inc. purchased 460 million units ("Units") of the Company at a price of C$0.25 per Unit. Each Unit consists of one common share and one half of one common share purchase warrant, with each whole warrant entitling the holder to acquire one additional common share at an exercise price of C$0.50 per common share for a period of two years from the closing date.

The Company intends to use the net proceeds from the offering to pay the balance of the purchase consideration payable by the Company in connection with the First Uranium Corp. gold stream purchase transaction and the remainder, for general working capital purposes.

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