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 completed a gold purchase transaction with First Uranium Corporation
(TSX:FIU)(JSE:FUM) ("First Uranium") and its subsidiary Ezulwini Mining Company
(Proprietary) Limited ("EMC") previously announced on November 5, 2009. Gold
Wheaton has purchased seven percent of the life of mine gold production with a
minimum delivery of 16,500 and 19,500 ounces of gold for 2010 and 2011
respectively from EMC's Ezulwini Mine (the "Transaction") located approximately
40 kilometres from Johannesburg, in the Western portion of the Witwatersrand
basin, South Africa.


Gold Wheaton has paid First Uranium US$50 million and will make an ongoing
payment equal to the lesser of US$400 per delivered ounce and the prevailing
spot price of gold, subject to an annual inflation adjustment of one percent,
starting on the fourth anniversary of closing. Gold Wheaton will not be required
to contribute to any capital or exploration expenditures in respect of the
Ezulwini Mine.


"We are very pleased to have closed this second transaction with First Uranium
and look forward to receiving growing gold deliveries from this project as well
as their Mine Waste Solutions project," commented David Cohen, Chairman and CEO
of GWC. "GWC remains well funded to consider opportunities to develop our gold
stream portfolio."


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 as well as
future prices of gold, platinum or palladium, 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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