Services Recommends That Shareholders Vote FOR the Arrangement Resolution

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 23, 2011) - Gold Wheaton Gold Corp. (TSX:GLW) ("Gold Wheaton") is pleased to announce that Institutional Shareholder Services Inc., ("ISS") recommends that shareholders vote FOR the Arrangement Resolution, pursuant to which Franco-Nevada Corporation ("Franco Nevada") (TSX:FNV) will acquire 100% of the outstanding common shares in the capital of Gold Wheaton.


ISS is a leading independent international corporate governance analysis and proxy voting firm. Its recommendations assist shareholders to make decisions regarding proxy voting.


In recommending that shareholders vote to approve the Plan of Arrangement, ISS stated in its report*:



"Based on a review of the terms of the transaction and, in particular, premium negotiations leading to an improved offer, consideration ($5.20 per share) within the range provided in the formal valuation ($5.10 to $5.60), market reaction has been supportive, and absence of significant governance concerns, support is warranted."



"We are pleased that ISS shares our view that Gold Wheaton shareholders should vote FOR the Arrangement Resolution," said David Cohen, Chairman and Chief Executive Officer of Gold Wheaton. "Our Board of Directors continues to give its full support to the Arrangement Resolution. We feel that this opportunity is in the best interests of Gold Wheaton and its shareholders."



*Permission to quote from the ISS report was neither sought nor obtained.




About the Special Meeting



The Special Meeting of Shareholders of Gold Wheaton will be held at the Terminal City Club, Ferguson Room at 837 West Hastings Street, Vancouver, B.C., on March 8, 2011 at 10 A.M. (Vancouver time). In order for their votes to be counted at the meeting, shareholders must vote their proxy by no later than March 4, 2011 at 10 A.M. (Vancouver Time). Shareholders who require assistance in voting their proxy may direct their inquiry to Gold Wheaton's proxy solicitation agent, Kingsdale Shareholder Services Inc., 1-800-749-9052 or contactus@kingsdaleshareholder.com.



About Gold Wheaton



Gold Wheaton is a gold company with 100% of its operating revenue from the sale of gold and precious metals produced by others. The streams include production from Quadra FNX's Sudbury operations and First Uranium Corporation's Mine Waste Solutions and Ezulwini operations.


The Company's shares are listed on the TSX Exchange under the symbol "GLW" with current issued and outstanding shares of 163,846,342