Establishing Promising Gold Assets in West Africa and Canada

Deal Information
( All worths in US$ unless otherwise kept in mind)

• Upfront Factor To Consider: Wheaton International will pay Lumina overall in advance money factor to consider of $300 million (the “Deposit”), $48 million of which is offered pre-construction (the “Early Deposit”). The payment schedule for the Early Deposit and Deposit are as follows:
• The Early Deposit of $48 million is consisted of 4 parts: 1) $12 million on closing; 2) $10 million 6 months after close; 3) $15 million 12 months after close; and 4) an $11 million tranche that can be brought into play for dedicated acquisition of surface area rights.
• The staying $252 million will be payable in staged equivalent installations throughout building, based on numerous traditional conditions being pleased.
• Streamed Metal: Under the Gold Stream, Wheaton International will acquire 6.6% of the payable gold from the Job up until 700,000 ounces (” oz”) of gold has actually been provided, at which point the stream will be decreased to 4.4% of the payable gold production for the life of the mine.
• Production Profile ¹ : Attributable production is anticipated to typical over 24,000 oz of gold annually for the very first 10 years of production and over 24,500 oz of gold annually for the life of mine.
• Production Payments: Wheaton International will make continuous payments for the gold ounces provided equivalent to 18% of the area cost of gold (” Production Payment”) up until the uncredited deposit is decreased to nil and 22.0% of the area cost of gold afterwards.
• Incremental Reserves and Resources ² : The addition of Cangrejos will increase Wheaton’s overall approximated Proven and Probable gold reserves by 0.76 million ounces (” Moz”), Determined and Shown gold resources by 0.25 Moz, and Presumed gold resources by 0.16 Moz. In addition, Wheaton thinks there is strong expedition capacity within the Cangrejos residential or commercial property.
• Other Factors To Consider:
• The Gold Stream will consist of a popular conclusion test.
• As part of the deal, Wheaton has actually gotten a right of very first rejection on any future gold and silver streams.
• In case of a modification of control, Lumina might acquire one-third of the Gold Stream from Wheaton up until the earlier of January 1, 2030 , and the date that is 12 months after very first production.
• Lumina and particular of its subsidiaries will offer Wheaton International with business assurances and particular other security over their possessions.

Funding the Deals
As at March 31, 2023 , the Business had around $800 million of money on hand, which our company believe when integrated with the liquidity offered by the offered credit under the $2 billion revolving term loan and continuous operating money streams, places the Business well to money the acquisition of the Gold Stream in addition to all exceptional dedications and understood contingencies and supplies versatility to obtain extra accretive mineral stream interests.

Sustainability Factors To Consider for the Cangrejos Job
Based upon work done by Lumina, numerous of the Job’s natural qualities and style aspects have actually been determined that serve to possibly decrease its ecological effects:

• Given That 2014, Lumina has actually been engaging with neighborhoods and is devoted to include afflicted neighborhoods and stakeholders through continuous involvement and assessment. The job will look for chances to produce long-lasting financial advantages for social groups and neighborhoods that are straight impacted by operations.
• Most of electrical power is expected to come from sustainable hydroelectric sources.
• Distance to port is anticipated to decrease transportation-based greenhouse gas emission effects.
• The dry stack tailings purification plant is forecasted to recycle a considerable part of tailings water for reuse in the processing plant.
• No acid rock drain conditions are anticipated to be present in either the waste rock storage center or the dry stack tailings center.
• Aerial ore conveyor is forecasted to decrease land clearance.
• The Job is proposed to consist of progressive recovery and revegetation of tailings and waste rock centers.
• Reforestation of formerly affected concession lands beyond mining centers is expected to function as offsets of disrupted locations.

About Lumina Gold Corp. and the Cangrejos Job
Lumina Gold Corp. is a Vancouver, Canada based valuable and base metals expedition and advancement business concentrated on the Cangrejos Gold-Copper Job situated in El Oro Province, southwest Ecuador The Business has actually finished an Initial Expediency Research Study for Cangrejos (2023 ), which is the biggest main gold deposit in Ecuador Lumina has a skilled management group with an effective performance history of advancing and generating income from expedition tasks.

Attributable Gold Mineral Reserves and Mineral Resources– Cangrejos Job

Neil Burns , P.Geo., Vice President, Technical Providers for Wheaton Valuable Metals and Ryan Ulansky , P.Eng., Vice President, Engineering, are a “certified individual” as such term is specified under National Instrument 43-101, and have actually examined and authorized the technical details revealed in this press release (particularly Mr. Burns has actually examined mineral resource quotes and Mr. Ulansky has actually examined the mineral reserve quotes).

CAUTIONARY KEEP IN MIND RELATING TO POSITIVE DECLARATIONS

This news release consists of “positive declarations” within the significance of the United States Private Securities Lawsuits Reform Act of 1995 and “positive details” within the significance of suitable Canadian securities legislation worrying business, operations and monetary efficiency of Wheaton and, in some circumstances, business, mining operations and efficiency of Wheaton’s PMPA counterparties. Positive declarations, which are all declarations besides declarations of historic truth, consist of, however are not restricted to, declarations with regard to payment by Wheaton International of $300 million to Lumina and the complete satisfaction of each celebration’s responsibilities in accordance with the Gold Stream, the invoice by Wheaton of gold production in regard of the Job, the future cost of products, the evaluation of future production from Mining Operations (consisting of in the evaluation of production, mill throughput, grades, healings and expedition capacity), the evaluation of mineral reserves and mineral resources (consisting of the evaluation of reserve conversion rates) and the awareness of such evaluations, the beginning, timing and accomplishment of building, growth or enhancement tasks by Wheaton’s PMPA counterparties at mineral stream interests owned by Wheaton (the “Mining Operations”), the payment of in advance money factor to consider to counterparties under PMPAs, the complete satisfaction of each celebration’s responsibilities in accordance with PMPAs and royalty plans and the invoice by the Business of rare-earth elements and cobalt production in regard of the suitable Mining Operations under PMPAs or other payments under royalty plans, the capability of Wheaton’s PMPA counterparties to abide by the regards to a PMPA (consisting of as an outcome of business, mining operations and efficiency of Wheaton’s PMPA counterparties) and the possible effects of such on Wheaton, future payments by the Business in accordance with PMPAs, the expenses of future production, the evaluation of produced however not yet provided ounces, the effect of upsurges (consisting of the COVID-19 infection pandemic), consisting of the possible heightening of other threats, future sales of typical shares under the ATM program, continued listing of the Business’s typical shares, any declarations regarding future dividends, the capability to money exceptional dedications and the capability to continue to obtain accretive PMPAs, consisting of any velocity of payments, forecasted boosts to Wheaton’s production and capital profile, forecasted modifications to Wheaton’s production mix, the capability of Wheaton’s PMPA counterparties to abide by the regards to any other responsibilities under contracts with the Business, the capability to offer rare-earth elements and cobalt production, self-confidence in the Business’s company structure, the Business’s evaluation of taxes payable and the effect of the CRA Settlement, possible domestic audits for tax years subsequent to 2016 and worldwide audits, the Business’s evaluation of the effect of any tax reassessments, the Business’s intent to submit future income tax return in a way constant with the CRA Settlement, the Business’s environment modification and ecological dedications, and evaluations of the effect and resolution of numerous legal and tax matters, consisting of however not restricted to audits. Typically, these positive declarations can be determined by the usage of positive terms such as “strategies”, “anticipates” or “does not anticipate”, “is anticipated”, “budget plan”, “set up”, “quotes”, “projections”, “tasks”, “means”, “expects” or “does not expect”, or “thinks”, “possible”, or variations of such words and expressions or declarations that particular actions, occasions or outcomes “might”, “might”, “would”, “may” or “will be taken”, “take place” or “be accomplished”. Positive declarations go through recognized and unidentified threats, unpredictabilities and other aspects that might trigger the real outcomes, level of activity, efficiency or accomplishments of Wheaton to be materially various from those revealed or indicated by such positive declarations, consisting of however not restricted to threats associating with the complete satisfaction of each celebration’s responsibilities in accordance with the regards to the Gold Stream, threats connected with variations in the cost of products (consisting of Wheaton’s capability to offer its rare-earth elements or cobalt production at appropriate costs or at all), threats connected to the Mining Operations (consisting of variations in the cost of the main or other products mined at such operations, regulative, political and other threats of the jurisdictions in which the Mining Operations lie, real outcomes of mining, threats connected with the expedition, advancement, operating, growth and enhancement of the Mining Operations, ecological and financial threats of the Mining Operations, and modifications in job specifications as strategies continue to be improved), the lack of control over the Mining Operations and needing to depend on the precision of the general public disclosure and other details Wheaton gets from the Mining Operations, unpredictability in the evaluation of production from Mining Operations, unpredictability in the precision of mineral reserve and mineral resource evaluation, threats of considerable influence on Wheaton or the Mining Operations as an outcome of an epidemic (consisting of the COVID-19 infection pandemic), the capability of each celebration to please their responsibilities in accordance with the regards to the PMPAs, the evaluation of future production from Mining Operations, Wheaton’s analysis of, compliance with or application of, tax laws and guidelines or accounting policies and guidelines being discovered to be inaccurate, any difficulty or reassessment by the CRA of the Business’s tax filings achieving success and the possible unfavorable effect to the Business’s previous and future tax filings, examining the effect of the CRA Settlement (consisting of whether there will be any material modification in the Business’s realities or alter in law or jurisprudence), possible execution of a 15% worldwide minimum tax, counterparty credit and liquidity, mine operator concentration, insolvency and assurances, hedging, competitors, claims and legal procedures versus Wheaton or the Mining Operations, security over underlying possessions, governmental guidelines, worldwide operations of Wheaton and the Mining Operations, expedition, advancement, operations, growths and enhancements at the Mining Operations, ecological guidelines, environment modification, Wheaton and the Mining Operations capability to acquire and preserve essential licenses, allows, approvals and judgments, Wheaton and the Mining Operations capability to abide by suitable laws, guidelines and allowing requirements, absence of appropriate materials, facilities and workers to support the Mining Operations, failure to change and broaden mineral reserves, consisting of expected timing of the beginning of production by particular Mining Operations (consisting of boosts in production, approximated grades and healings), unpredictabilities of title and native rights with regard to the Mining Operations, ecological, social and governance matters, Wheaton and the Mining Operations capability to acquire sufficient funding, the Mining Operations capability to finish allowing, building, advancement and growth, worldwide monetary conditions, Wheaton’s acquisition technique and other threats gone over in the area entitled “Description of business– Threat Aspects” in Wheaton’s Yearly Details Kind offered on SEDAR at www.sedar.com and Wheaton’s Kind 40-F for the year ended December 31, 2022 on file with the U.S. Securities and Exchange Commission on EDGAR (the “Disclosure”). Positive declarations are based upon presumptions management presently thinks to be affordable, consisting of (without restriction): the payment of $300 million to Lumina and the complete satisfaction of each celebration’s responsibilities in accordance with the regards to the Gold Stream, that there will be no product unfavorable modification in the market cost of products, that the Mining Operations will continue to run and the mining tasks will be finished in accordance with public declarations and accomplish their mentioned production quotes, that the mineral reserves and mineral resource approximates from Mining Operations (consisting of reserve conversion rates) are precise, that each celebration will please their responsibilities in accordance with the PMPAs, that Wheaton will continue to have the ability to fund or acquire financing for exceptional dedications, that Wheaton will have the ability to source and acquire accretive PMPAs, that neither Wheaton nor the Mining Operations will suffer considerable effects as an outcome of an epidemic (consisting of the COVID-19 infection pandemic), that any break out or risk of a break out of an infection or other contagions or epidemic illness will be effectively reacted to in your area, nationally, regionally and globally, without such action needing any extended closure of the Mining Operations or having other product unfavorable impacts on the Business and counterparties to its PMPAs, that the trading of the Business’s typical shares will not be negatively impacted by the distinctions in liquidity, settlement and cleaning systems as an outcome of numerous listings of the Typical Shares on the LSE, the TSX and the NYSE, that the trading of the Business’s typical shares will not be suspended, which the net profits of sales of typical shares, if any, will be utilized as expected, that expectations concerning the resolution of legal and tax matters will be accomplished (consisting of continuous CRA audits including the Business), that Wheaton has actually correctly thought about the analysis and application of Canadian tax law to its structure and operations, that Wheaton has actually submitted its income tax return and paid suitable taxes in compliance with Canadian tax law, that Wheaton’s application of the CRA Settlement is precise (consisting of the Business’s evaluation that there will be no product modification in the Business’s realities or alter in law or jurisprudence), and such other presumptions and aspects as set out in the Disclosure. There can be no guarantee that positive declarations will show to be precise and even if occasions or outcomes explained in the positive declarations are understood or considerably understood, there can be no guarantee that they will have the anticipated repercussions to, or impacts on, Wheaton. Readers need to not put unnecessary dependence on positive declarations and are warned that real results might differ. The positive declarations consisted of herein are for the function of offering readers with details to help them in comprehending Wheaton’s anticipated monetary and functional efficiency and might not be suitable for other functions. Any positive declaration speaks just since the date on which it is made, shows Wheaton’s management’s present beliefs based upon present details and will not be upgraded other than in accordance with suitable securities laws. Although Wheaton has actually tried to recognize crucial aspects that might trigger real outcomes, level of activity, efficiency or accomplishments to vary materially from those consisted of in forward– looking declarations, there might be other aspects that trigger outcomes, level of activity, efficiency or accomplishments not to be as expected, approximated or planned.

Cautionary Language Relating To Reserves And Resources

For more details on Mineral Reserves and Mineral Resources and on Wheaton more typically, readers need to describe Wheaton’s Yearly Details Kind for the year ended December 31, 2022 , which was submitted on March 31, 2023 and other constant disclosure files submitted by Wheaton given that January 1, 2023 , offered on SEDAR at www.sedar.com Wheaton’s Mineral Reserves and Mineral Resources go through the certifications and notes stated therein. Mineral Resources which are not Mineral Reserves do not have actually shown financial practicality.

Cautionary Note to United States Investors Worrying Quotes of Measured, Shown and Presumed Resources: The details consisted of herein has actually been prepared in accordance with the requirements of the securities laws in impact in Canada , which vary from the requirements of United States securities laws. The Business reports details concerning mineral residential or commercial properties, mineralization and quotes of mineral reserves and mineral resources in accordance with Canadian reporting requirements which are governed by, and use meanings needed by, Canadian National Instrument 43-101– Standards of Disclosure for Mineral Projects (” NI 43-101″) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”)– CIM Meaning Standards on Mineral Resources and Mineral Reserves, embraced by the CIM Council, as changed (the “CIM Standards”). These meanings vary from the meanings embraced by the United States Securities and Exchange Commission (” SEC”) under the United States Securities Act of 1933, as changed (the “Securities Act”) which apply to U.S. business. Appropriately, there is no guarantee any mineral reserves or mineral resources that the Business might report as “tested mineral reserves”, “possible mineral reserves”, “determined mineral resources”, “suggested mineral resources” and “presumed mineral resources” under NI 43-101 would be the exact same had the Business prepared the reserve or resource quotes under the requirements embraced by the SEC. Details consisted of herein that explains Wheaton’s mineral deposits might not be equivalent to comparable details revealed by U.S. business based on reporting and disclosure requirements under the United States federal securities laws and the guidelines and guidelines thereunder. United States financiers are advised to think about carefully the disclosure in Wheaton’s Kind 40-F, a copy of which might be gotten from Wheaton or from https://www.sec.gov/edgar.shtml

View initial material: https://www.prnewswire.com/news-releases/wheaton-precious-metals-announces-the-acquisition-of-a-gold-stream-from-lumina-golds-cangrejos-project-301826678.html

SOURCE Wheaton Valuable Metals Corp.

View initial material: http://www.newswire.ca/en/releases/archive/May2023/16/c8833.html