“Not only did we more than triple our earnings and cash flows, compared with last year, but we also became the largest shareholder in Bear Creek; we obtained a right of first refusal on future silver production from the Peñasquito project in Mexico. All this, for a Company that is only two years old!”

A quote from Peter Barnes, President and Chief Executive Officer, which sums up what a fantastic start to commercial life this company has achieved.

The company reported Net earnings of US$22.5 million or US$0.10 per share compared to US$6.4 million or US$0.04 per share for 2005.

Here at silver prices we are expecting more good things from this company so hold on to your stock and accumulate as cash permits.

SILVER WHEATON trades as SLW on NYSE and is currently trading at $10.81.

03 November 2006