GLW Galway Gold Inc

Gold Wheaton Gold Corp. (TSX VENTURE:GLW) (the "Company") announces that it has
received approval to list its common shares and listed warrants on the Toronto
Stock Exchange (the "TSX").


The Company also announces that it will be proceeding with the previously
announced consolidation of its common shares on a ten (old) for one (new) basis.
The consolidation was overwhelmingly approved by shareholders at a special
meeting held on January 11, 2010. The Company will be proceeding with the
consolidation of all of its outstanding common share purchase warrants,
including the listed warrants on the same ten (old) for one (new) basis.


The Company expects that the effective date for both the consolidation and
commencement of trading on the TSX will be Thursday, February 4, 2010. The
common shares and listed warrants will continue to trade on a non-consolidated
basis on the TSX Venture Exchange until the close of market on Wednesday,
February 3, 2010. Upon listing on the TSX, the common shares and listed warrants
will be delisted from the TSX Venture Exchange. The Company will continue to use
the stock symbol "GLW" for trading in the common shares and "GLW.WT" for trading
in the listed warrants on the TSX.


After the consolidation becomes effective, each shareholder of the Company will
hold one post-consolidation share for every ten pre-consolidation shares, with
the result that after the consolidation the Company will have outstanding
approximately 143,047,466 common shares. Each holder of listed warrants will
hold one post-consolidation warrant for every ten pre-consolidation warrants,
each post-consolidation warrant having an exercise price of $10.00 per share.
After the consolidation becomes effective, the Company will have outstanding
approximately 25,999,999 listed warrants with an expiry date of July 8, 2013.


Separately, Gold Wheaton has adopted a dividend policy to pay a sustainable
dividend as determined from time to time by its board of directors. The amount
of any dividend, if any, will be based on the Company's financial performance,
liquidity and outlook. The Company currently anticipates that if it determines
to declare a dividend, it will do so semi-annually concurrent with the release
of the Company's year end and Q2 financial results.


Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information
presented constitutes "forward looking statements". Such forward-looking
statements, including but not limited to those with respect to the listing of
its common share and warrants and the payment of dividends, 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 timing and completion of the proposed listing on the TSX and the
proposed consolidation, the timing and quantum of any dividends, if any and
those factors discussed in the section entitled "Description of Business - Risk
Factors" in Gold Wheaton's Annual Information Form dated December 10, 2009 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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