Silver Wheaton Provides Details of Annual and Special Meeting of Shareholders, Files Form 40-F, and Provides General Corporate Update

VANCOUVER, British Columbia, March 31, 2017 /PRNewswire/ --

Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW) (NYSE:SLW) announces that its Form 40-F report has been filed with the Securities and Exchange Commission and is available on EDGAR. The Company's 2016 audited financial statements, along with its Form 40-F, are also available on the Company's website at http://www.silverwheaton.com.

Shareholders may also receive a copy of Silver Wheaton's audited financial statements, without charge, upon request to Silver Wheaton's Investor Relations Department, Suite 3500, 1021 West Hastings St., Vancouver, British Columbia, Canada V6E 0C3 or to [e-mail].

Annual and Special Meeting of Shareholders 

Silver Wheaton will hold its Annual and Special Meeting of Shareholders in the Mackenzie Ballroom of the Fairmont Waterfront Hotel, 900 Canada Place Way, Vancouver, British Columbia, Canada, on Wednesday May 10, 2017, at 10:30 a.m. Pacific Time.

A live audio webcast of the Annual Meeting of Shareholders will be available at http://www.silverwheaton.com and will also be archived for later access. 

Corporate Updates 

On March 30, 2017, the Company and Alexco Resources Corp. ("Alexco") agreed to amend the Alexco Silver Purchase Agreement to adjust the silver production payment from US$3.90 per ounce of silver delivered to Silver Wheaton to a percentage of the spot silver price that increases with lower mill silver head grades and lower silver prices, and decreases with higher mill silver head grades and higher silver prices, subject to certain ceiling and floor grades and prices. The increased production payments in lower silver price and/or lower silver grade environments increases the flexibility of Alexco to process lower grade ore and sustain mining operations during periods of lower silver prices and does so without limiting the upside opportunity of either Alexco or Silver Wheaton in higher price and grade environments.  As consideration, Alexco has agreed, subject to TSX and NYSE-MKT approval, to issue Silver Wheaton three million common shares of Alexco. The area of interest now includes properties currently owned by Alexco and properties acquired by Alexco in the future which fall within a one kilometre radius of existing Alexco holdings in the Keno Hill Silver District.