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NEWS RELEASES

Stock Options Granted


October 16, 2008

Gold Wheaton Gold Corp. announces that it has granted 550,000 stock options pursuant to its previously approved stock option plan to directors of Gold Wheaton (Barbados) Corp., a wholly owned subsidiary of Gold Wheaton Gold Corp. The options were granted at an exercise price of $0.60 per share for a period of five years.

GOLD WHEATON CORP.

"David Cohen "
David Cohen
Chairman and CEO

For further information, please contact:
Investor Relations: 1.778.373.0107 or Toll Free: 1.877.837.0107
Email: info@goldwheaton.com

The TSX Venture Exchange does not accept responsibility
for the adequacy or accuracy of this release