September 1, 2023                                                                                                                        TSX: WPM

Vancouver, British Columbia                                                                                                          NYSE: WPM

                                                                                                                                                       LSE: WPM

Issue of Equity and Total Voting Rights

Wheaton Precious Metals Corp. (the "Company") has issued and allotted 546 common shares of no par value pursuant to the exercise by eligible employees of vested share option rights (together, the "Shares").  All of the Shares are quoted on the Toronto Stock Exchange and the New York Stock Exchange and, in London, an application for admission of these Shares to the Official List (Standard Segment) of the Financial Conduct Authority ("FCA") and to trading on the Main Market of the London Stock Exchange is being made by the Company.

Pursuant to DTR 5.6.1 of the FCA's Disclosure and Transparency Rules, Wheaton Precious Metals Corp. (the "Company") notifies that as at August 31, 2023, the Company's issued share capital consisted of 452,969,878 common shares of no par value. Each common share carries one voting right and the Company does not hold any common shares in treasury. Therefore, the total number of voting rights in the Company at that date was 452,969,878.

The above figure of 452,969,878 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Patrick Drouin

Wheaton Precious Metals Corp.

Tel: 1-844-288-9878

Email: info@wheatonpm.com

Website: www.wheatonpm.com

UK PUBLIC RELATIONS

Tavistock                     +44 (0) 207 920 3150 / +44 778 597 4264

Jos Simson                   wheaton@tavistock.co.uk

Gareth Tredway

UK CORPORATE BROKERS

Berenberg                    +44 (0) 203 207 7800

Matthew Armitt

Jennifer Wyllie

Detlir Elezi

Peel Hunt                      +44 (0) 207 418 8900

Ross Allister

Alexander Allen

David McKeown

Wheaton Precious Metals Corp. LEI: 549300XSFG5ZCGVYD886