Vancouver, British Columbia: November 7, 2008 - Gold Wheaton Gold Corp., (TSX-V: GLW) is pleased to announce that its common share purchase warrants will begin trading at the open on November 10, 2008, under the symbol GLW.WT.

The warrants were issued in connection with a private placement of subscription receipts completed on July 8, 2008. Each warrant entitles the holder to purchase one common share at a price of Cdn$1.00 prior to 5:00 p.m. (Toronto time) on July 8, 2013.

Notice to U.S. Warrantholders

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 securities in any state in which such offer, solicitation or sale would be unlawful. The common shares to be issued upon exercise of warrants have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption therefrom is available.

Notwithstanding the foregoing, a warrantholder who is in the United States or who holds a warrant for the account or benefit of a U.S. person must be an "Accredited Investor", as defined in Rule 501(a) of Regulation D under the U.S. Securities Act and must satisfy the requirements set forth in the warrant indenture, including, without limitation, the delivery of the subscription form attached to the warrant certificate in order to exercise their warrants and receive common shares. Any such warrantholder who does not comply with such requirements will not be permitted to exercise their warrants and receive common shares, and their warrants will remain outstanding.

For further information, please contact:

Gold Wheaton Gold Corp.
Investor Relations
+1 (778) 373-0107 (phone)
+1 604 434 1487 (fax)
info@goldwheaton.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of the content of this news release.

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 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 Gold Wheaton's Annual Information Form dated August 19, 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.