NEWS RELEASES

Gold Wheaton Completes FNX Transaction

Vancouver, British Columbia: July 15, 2008 - Gold Wheaton Gold Corp. ("Gold Wheaton", formerly known as Kadywood Capital Corp.) (TSX-V: GLW) is pleased to announce that it has completed its previously announced transaction with FNX Mining Company Inc. ("FNX"). Pursuant to the FNX transaction, Gold Wheaton agreed to purchase 50% of the contained gold, platinum and palladium in ore mined and shipped from certain of the existing mining operations wholly-owned by FNX located in northern Ontario for an upfront payment of Cdn$400 million, comprised of Cdn$175 million in cash, 350 million Gold Wheaton common shares and a deferred payment of Cdn$50 million in Gold Wheaton warrants, shares or cash to be satisfied in six months, plus a payment of the lesser of US$400 per gold equivalent ounce purchased, subject to adjustment, and the then prevailing market price per ounce of gold. The common shares of Gold Wheaton issued to FNX are subject to a statutory hold period which expires on November 16, 2008. They are also subject to escrow pursuant to the policies of the TSX Venture Exchange, 87.5 million shares being released immediately upon closing of the FNX transaction and the balance of 262.5 million shares to be released in equal instalments of 87.5 million in six, 12 and 18 months.

The gross proceeds of Cdn$260 million raised in connection with the private placement of Gold Wheaton subscription receipts, completed on July 8, 2008 and arranged 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, were released from escrow upon completion of the FNX transaction. The Cdn$175 million cash payment made by Gold Wheaton in connection with the FNX transaction was funded from the proceeds of the private placement of subscription receipts. The remaining proceeds will be used to partially finance the previously announced Redcorp transaction and for working capital purposes. Each of the 520 million outstanding subscription receipts will be automatically exercised on July 21, 2008, without payment of additional consideration, into one common share and one-half of one common share purchase warrant of Gold Wheaton. Each whole warrant is exercisable into one common share of Gold Wheaton at a price of Cdn$1.00 until July 8, 2013. These securities are all subject to a statutory hold period which expires on November 9, 2008.

Upon closing of the FNX transaction, David Cohen, Frank Giustra, Terry MacGibbon and Francesco Aquilini were appointed as the new directors of Gold Wheaton, two of whom are independent and unrelated directors. David Cohen was appointed as Chairman and Chief Executive Officer of Gold Wheaton and Kathleen Butt was appointed as Chief Financial Officer of Gold Wheaton.

In conjunction with the closing of the FNX transaction, Kadywood Capital Corp. changed its name to Gold Wheaton Gold Corp. and Gold Wheaton commenced trading on Tier 1 of the TSX Venture Exchange under the symbol "GLW".

Following the completion of the FNX transaction and the automatic exercise of the previously issued subscription receipts, Gold Wheaton will have outstanding approximately 928 million common shares, approximately 291.5 million common share purchase warrants and 18 million stock options. Pursuant to this transaction, FNX has acquired ownership of approximately 38% of the issued and outstanding common shares of Gold Wheaton (on a non-diluted basis). FNX's principal office is located at 145 King Street West, Suite 1500, Toronto, Ontario M5H 1J8. Gold Wheaton has granted FNX a right to maintain its pro rata equity position in Gold Wheaton for 18 months provided that it holds at least 10% of the then outstanding Gold Wheaton common shares. The Gold Wheaton common shares were acquired for investment purposes only. Other than as agreed to as consideration for the FNX transaction, FNX has no present intention to acquire further Gold Wheaton common shares and may, from time to time, increase or decrease its ownership of or control over securities of Gold Wheaton in response to market conditions, the business and prospects of Gold Wheaton or other factors.

Subsequent to the closing of this transaction, Gold Wheaton will have cash on hand of approximately Cdn$61 million and will be aggressively pursuing additional growth opportunities.

Cautionary Note Regarding Forward-Looking Statements

Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. 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 or FNX 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 as well as future prices of gold, platinum or palladium, as well as those factors discussed in the section entitled "Risk Factors" in Gold Wheaton's Filing Statement dated July 9, 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.

For further information, please contact:

Gold Wheaton Gold 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.