Wheaton Precious Metals Corp.

Artificial Intelligence

Artificial intelligence (“AI”) can be used by the Company in its operations and will be designed and developed by the Company with input from third party consultants retained by the Company and overseen by internal management, the Audit Committee and the Board of Directors.

The Company is currently using commercially available AI services to assist Company employees in completing tasks using various office applications more efficiently. The Company uses built-in security controls to protect corporate and employee data and to monitor AI-user interactions and has adopted an AI governance framework related to these AI services.

The Company’s use of AI will be periodically reviewed with management, the Audit Committee and the Board of Directors. Both the Audit Committee, which is comprised of independent directors, and the Board of Directors, will receive reports on the Company’s AI, with a view to considering the quality, limitations, vulnerabilities and potential legal and regulatory concerns, as well as enhanced controls, processes and practices designed to address challenges.

The Company will adopt appropriate frameworks for effective oversight of AI and actively seek to mitigate AI risks by identifying, reviewing and developing risk mitigating and response strategies for such risks.