GLW Galway Gold Inc

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Gold Wheaton Gold Corp. (TSX VENTURE:GLW) ("Gold Wheaton" or the "Company") is
pleased to announce that it has closed the C$100 million debt financing
announced on March 31, 2009 with Sprott Asset Management Inc. on behalf of
certain funds and managed accounts ("Sprott") and pursuant to a note indenture
and first supplemental note indenture has drawn down C$50 million, as well as
C$7 million of the C$15.0 million overallotment option with certain other
investors. In connection with such closing, the Company has issued 71.25 million
warrants exercisable at C$0.50 per share for five years from the date of
closing. As previously announced the notes bear interest at the rate of 10% per
annum and have a five year term. The notes and the warrants associated with the
draw down have a hold period that expires on September 27, 2009.


Gold Wheaton anticipates completing a second draw down of the remaining C$50.0
million debt financing within a six month period. Gold Wheaton also has the
option to increase the offering of notes by an additional principal amount of
C$8.0 million (residual on the C$15.0 million overallotment option) with
additional warrants issued proportionally on the same terms described herein.


Gold Wheaton was advised by Paradigm Capital Inc. who will receive a cash fee of
1.5% of the gross proceeds of the offering.


The net proceeds of the debt financing will be used for general corporate
purposes, including future gold stream acquisitions.


Gold Wheaton is a gold company with 100% of its operating revenue from the sale
of gold and precious metals produced by others. The Company is actively pursuing
further growth opportunities. The Company's 1,430,469,668 issued and outstanding
shares are listed on the TSX Venture Exchange under the symbol "GLW".


Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information
presented constitutes "forward-looking statements" within the meaning of
applicable Canadian securities legislation. Such forward-looking statements,
including but not limited to those with respect to the price of gold, platinum
or palladium, the timing and amount of estimated future production, costs of
production, reserve determination and reserves conversion rates involve known
and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of Gold Wheaton to be materially different
from any future results, performance or achievements expressed or implied by
such forward-looking statements.


Such factors include, among other risks, risks related to the integration of
acquisitions, risks related to international operations, risks related to joint
venture operations, the actual results of current exploration activities, actual
results of current reclamation activities, conclusions of economic evaluations
and changes in project parameters as plans continue to be refined, future prices
of gold or uranium, the timing and amount of estimated future production and the
costs thereof; capital expenditures; the availability of any additional capital
required to bring future projects into production; future prices of commodities;
the failure of plant, equipment or processes to operate as anticipated;
accidents; labour disputes; delays in obtaining governmental approvals, permits
or financing or in the completion of development or construction activities;
currency fluctuations, as well as those factors discussed in the section
entitled "Description of Business - Risk Factors" in Gold Wheaton's Annual
Information Form dated August 19, 2008 as filed on SEDAR. Although Gold Wheaton
has attempted to identify important factors that could cause actual results to
differ materially, 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.

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