GLW Galway Gold Inc

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED
STATES


Gold Wheaton Gold Corp. (TSX VENTURE:GLW) (the "Company") announces that it has
closed its previously announced C$100 million equity financing, including the
full exercise of the underwriters' over-allotment option, for aggregate gross
proceeds to the Company of C$115 million. A syndicate of underwriters, co-led by
Paradigm Capital Inc., Canaccord Capital Corporation, and GMP Securities L.P.
and including BMO Nesbitt Burns Inc., and Scotia Capital Inc. purchased 460
million units ("Units") of the Company at a price of C$0.25 per Unit. Each Unit
consists of one common share and one half of one common share purchase warrant,
with each whole warrant entitling the holder to acquire one additional common
share at an exercise price of C$0.50 per common share for a period of two years
from the closing date.


The Company intends to use the net proceeds from the offering to pay the balance
of the purchase consideration payable by the Company in connection with the
First Uranium Corp. gold stream purchase transaction and the remainder, for
general working capital purposes.


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 U.S. 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.


Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, the information
presented constitutes "forward looking statements" and "forward-looking
information". Such forward-looking statements and information, including but not
limited to those with respect to the use of the net proceeds of the offering,
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 and information. Such factors
include, among other risks, the payment of funds to First Uranium Corp., 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
and in the section entitled "Risk Factors" in Gold Wheaton's short form
prospectus dated February 26, 2009 in respect of the offering, each 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 and information will prove to be accurate as
actual results and future events could differ materially from those anticipated
in such statements and information. Accordingly, readers should not place undue
reliance on forward-looking statements and information.

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