Silver Wheaton Appoints George Brack to its Board of Directors

VANCOUVER, Canada, November 24 - Silver Wheaton Corp. (TSX, NYSE:SLW) ("Silver Wheaton" or the "Company")
is pleased to announce the appointment of Mr. George L. Brack to the
Company's Board of Directors. Mr. Brack is a mining industry veteran with
extensive experience in the areas of investment banking and corporate
development. Most recently Mr. Brack acted as the Managing Director and
Industry Head, Mining Group, of Scotia Capital where he led a team
responsible for the identification, evaluation and execution of strategic
mergers and acquisitions, as well as the provision of equity financing.

"We are very pleased to welcome Mr. Brack to Silver Wheaton's Board of
Directors," said Douglas Holtby, Chairman of Silver Wheaton. "The Company has
witnessed significant growth in 2009, and Mr. Brack's extensive knowledge of
the mining industry, coupled with his background in the field of mergers and
acquisitions, is extremely well suited to Silver Wheaton's continued focus on
growth through acquisition. We are confident that his depth of experience
will benefit Silver Wheaton in its future plans."

Director Biography

Mr. Brack's 25-year career in the mining industry has focused on
investment banking and corporate development, specifically identifying,
evaluating and executing strategic mergers and acquisitions, and the
provision of equity financing. Most recently Mr. Brack acted as the Managing
Director and Industry Head, Mining Group, of Scotia Capital. Prior to joining
Scotia Capital in 2006, Mr. Brack spent seven years as President of Macquarie
North America Ltd., an investment banking firm specializing in merger and
acquisition advice. Previous to that, Mr. Brack was Vice-President, Corporate
Development at Placer Dome Inc., was Vice-President of the investment banking
group at CIBC Wood Gundy, and worked in Rio Algom's Corporate Development
department. Mr. Brack holds an MBA from York University, a BASc in Geological
Engineering from the University of Toronto and the CFA designation.

About Silver Wheaton

Silver Wheaton is the largest silver streaming company in the world.
Forecast 2009 production is 16 million ounces of silver and 17,000 ounces of
gold, for total production of 17 million silver equivalent ounces. By 2013,
annual production is anticipated to more than double to approximately 39
million ounces of silver and 20,000 ounces of gold, for total production of
approximately 40 million silver equivalent ounces. This growth is driven by
the Company's portfolio of world-class assets, including silver streams on
Goldcorp's Penasquito mine and Barrick's Pascua-Lama project.

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 applicable Canadian securities legislation. Forward-looking
statements include, but are not limited to, statements with respect to the
future price of silver, the estimation of mineral reserves and resources, the
realization of mineral reserve estimates, the timing and amount of estimated
future production, costs of production, reserve determination and reserve
conversion rates. 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", "intends", "anticipates" or "does not anticipate",
or "believes", 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: fluctuations in the
price of silver, the absence of control over mining operations from which
Silver Wheaton purchases silver and risks related to these mining operations,
including risks related to fluctuations in the price of the primary
commodities mined at such operations, changes in laws and regulations
including taxation policies, actual results of mining and exploration
activities, changes in project parameters as plans continue to be refined, as
well as those factors discussed in the section entitled "Description of the
Business - Risk Factors" in Silver Wheaton's Annual Information Form
available on SEDAR at www.sedar.com and in Silver Wheaton's Form 40-F
on file with the U.S. Securities and Exchange Commission in Washington, D.C.
Forward-looking statements are based on assumptions management believes to be
reasonable, including but not limited to: the continued operation of the
mining operations from which Silver Wheaton purchases silver, no material
adverse change in the market price of commodities, that the mining operations
will operate and the mining projects will be completed in accordance with
their public statements and achieve their stated production outcomes, and
such other assumptions and factors as may be set out herein. Although Silver
Wheaton has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. Silver Wheaton does not undertake to update any forward-looking
statements that are incorporated by reference herein, except in accordance
with applicable securities laws.

For further information: Brad Kopp, Director, Investor Relations, Silver
Wheaton Corp., Tel: +1-800-380-8687, Email: info@silverwheaton.com, Website:
www.silverwheaton.com

For further information: Brad Kopp, Director, Investor Relations, Silver Wheaton Corp., Tel: +1-800-380-8687, Email: info at silverwheaton.com