Silver Wheaton Files 2010 Audited Financial Statements and Provides Details of Annual General Meeting

VANCOUVER, March 24, 2011 - Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX: SLW)
(NYSE: SLW) announces that its 2010 audited financial statements have been
filed with the applicable Canadian securities regulatory authorities on
SEDAR, as well as with the Securities and Exchange Commission on EDGAR. The
audited financial statements are also available on the Company's website at
www.silverwheaton.com.

The Company plans to file its 2010 Annual Information Form on or before
March 31, 2011 on SEDAR and by way of Form 40-F with the Securities and
Exchange Commission.

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 3150, 666 Burrard St., Vancouver,
British Columbia, Canada V6C 2X8 or to info(at)silverwheaton.com.

Annual General Meeting of Shareholders

Silver Wheaton will hold the Annual General Meeting of Shareholders in
the West Meeting Room of the Vancouver Convention Centre, 1055 Canada Place,
Vancouver, British Columbia, Canada, on May 20, 2011 at 11:00 a.m. Pacific
Time.

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

About Silver Wheaton

Silver Wheaton is the largest silver streaming company in the world.
Based upon its current agreements, forecast 2011 attributable production is
27 to 28 million silver equivalent ounces, including 15,000 ounces of gold.
By 2015, annual attributable production is anticipated to increase
significantly to approximately 43 million silver equivalent ounces, including
35,000 ounces of gold. 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 "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 future price of silver and
gold, 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, reserve conversion
rates and statements as to any future dividends. 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 and gold;
the absence of control over mining operations from which Silver Wheaton
purchases silver or gold and risks related to these mining operations
including risks related to fluctuations in the price of the primary
commodities mined at such operations, actual results of mining and
exploration activities, economic and political risks of the jurisdictions in
which the mining operations are located and changes in project parameters as
plans continue to be refined; and differences in the interpretation or
application of tax laws and regulations; 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 or gold, 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 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 forward-looking statements will prove to be accurate.
Accordingly, readers should not place undue reliance on forward-looking
statements. Silver Wheaton does not undertake to update any forward-looking
statements that are included or incorporated by reference herein, except in
accordance with applicable securities laws.

For further information: Brad Kopp, Vice President, Investor Relations,
Silver Wheaton Corp., Tel: 1-800-380-8687, Email: info(at)silverwheaton.com,
Website: www.silverwheaton.com

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