GLW Galway Gold Inc

Gold Wheaton Gold Corp. (TSX VENTURE:GLW) ("GWC") is pleased to announce that
Gold Wheaton (Barbados) Corporation ("Gold Wheaton"), a wholly-owned subsidiary
of GWC, has, pursuant to the terms of a gold purchase agreement signed on
December 12, 2008 (as announced on December 17, 2008) has advanced US$75 million
to First Uranium. 


Gold Wheaton has purchased a minimum of 20,000 ounces of gold in 2009 (up to a
maximum of 25 percent of the gold production) and thereafter 25 percent of the
life-of-mine gold production from First Uranium's Mine Waste Solutions tailings
recovery operation in South Africa ("MWS"). Gold Wheaton has previously paid
US$50 million (the "First Payment") to First Uranium. 


Under the terms of the gold purchase agreement Gold Wheaton will continue to
make ongoing payments equal to the lesser of US$400 per ounce and the prevailing
spot price (subject to an annual inflation adjustment of 1 percent, commencing
after the fourth anniversary of the First Payment).


"We are pleased to make the second payment to complete the gold purchase
agreement of 25% of the gold produced over the life of First Uranium's MWS
tailings retreatment operations. The facility is operating well and is a very
low risk and long life operation," said David Cohen, Chairman and CEO of Gold
Wheaton. "We have been receiving gold since December 2008 and anticipate that
gold production from MWS will approximately double over the next 18 months."


Gold Wheaton is a gold company with 100% of its operating revenue from the sale
of gold and precious metals produced by others. The Company is actively pursuing
further growth opportunities. The Company's 1,406,022,668 issued and outstanding
shares are listed on the TSX Venture Exchange under the symbol "GLW". 


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 GWC
or First Uranium 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, future prices
of gold or uranium, the timing and amount of estimated future production and the
costs thereof; capital expenditures; the availability of any additional capital
required to bring future projects into production; future prices of commodities;
the failure of plant, equipment or processes to operate as anticipated;
accidents; labour disputes; delays in obtaining governmental approvals, permits
or financing or in the completion of development or construction activities;
currency fluctuations, as well as those factors discussed in the section
entitled "Description of Business - Risk Factors" in GWC's Annual Information
Form dated August 19, 2008 as filed on SEDAR. Although GWC 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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