NEWS RELEASES

Gold Wheaton Completes CDN$260 Million Private Placement Financing

Vancouver, British Columbia: July 8, 2008 -- Gold Wheaton Gold Corp. ("Gold Wheaton", currently known as Kadywood Capital Corp.) (TSX-V: KDC.H) is pleased to announce that it has completed its previously announced private placement of subscription receipts raising gross proceeds of Cdn$260 million through a syndicate of agents that included Paradigm Capital Inc., as lead agent, together with Canaccord Capital Corporation and GMP Securities L.P., as co-bookrunners, and including BMO Capital Markets and Brant Securities Limited. The subscription receipts, as well as the common shares and warrants to be issued upon exercise thereof, are subject to a four-month hold period under applicable Canadian securities laws which expires on November 9, 2008.

The proceeds from the sale of the subscription receipts will be held in escrow pending satisfaction of certain conditions, including obtaining all approvals required for the transaction to be completed between Gold Wheaton and FNX Mining Company Inc. (the "FNX Transaction") in connection with the proposed purchase by Gold Wheaton of 50% of the contained gold, platinum and palladium in ore mined and shipped from certain of the existing mining operations wholly-owned by FNX Mining Company Inc. Upon satisfaction of such conditions, each subscription receipt will be automatically exercised and converted into one common share and one-half of one common share purchase warrant of Gold Wheaton for no additional consideration. It is anticipated that closing of the FNX Transaction will occur on or about July 15, 2008.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

For further information, please contact:

Gold Wheaton Gold Corp. (currently known as Kadywood Capital Corp.):
David Cohen, Chairman and Chief Executive Officer
(778) 373-0107

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of the content of this news release.