Silver Wheaton Provides Details of Annual and Special Meeting of Shareholders, Files Form 40-F, and Provides General Corporate Update - Seite 2

On March 30, 2017, Silver Wheaton and certain of its subsidiaries provided a guarantee to the lenders under Primero Mining Corp.'s ("Primero") existing revolving credit facility (the "Primero Facility"), capped at a maximum of $81.5 million, plus interest, fees and expenses (the "Guarantee"). As a result of the Guarantee, Primero has obtained certain concessions from the lenders, including in respect of financial covenants and a six-month extension to the term of the Primero Facility. Primero will pay Silver Wheaton a fee of 5% per annum in connection with the Guarantee. Silver Wheaton believes that the Guarantee will assist Primero as it seeks to resolve the outstanding strike action, resume operations at the San Dimas mine, streamline its organization, and completes its strategic review process. However, there can be no assurance that the provision of the Guarantee or Primero's efforts will result in success in these initiatives.

CAUTIONARY NOTE REGARDING FORWARD LOOKING-STATEMENTS 

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 statements of historical fact, include, but are not limited to, statements with respect to:

• the ability of Alexco to sustain mining operations during periods of lower silver prices;
• the effect of the Servicio de Administraciόn Tributaria ("SAT") legal claim on Primero Mining Corp.'s ("Primero") business, financial condition, results of operations and cash flows for 2010-2014 and 2015-2019;
• the impact on Primero of the unionized employee strike at the San Dimas mine;
• the ability of Primero to continue as a going concern; and
• the guarantee of Primero's revolving credit facility.

Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "projects", "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". 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 Silver Wheaton to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: