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Press release from CNW Group

Gold Wheaton and Franco-Nevada Announce Shareholder Approval of Arrangement

Tuesday, March 08, 2011

Gold Wheaton and Franco-Nevada Announce Shareholder Approval of Arrangement15:45 EST Tuesday, March 08, 2011VANCOUVER, March 8 /CNW/ - Gold Wheaton Gold Corp. (TSX: GLW) ("Gold Wheaton") and Franco-Nevada Corporation (TSX: FNV) ("Franco-Nevada") announced today that shareholders of Gold Wheaton have approved the previously announced plan of arrangement (the "Arrangement") between Franco-Nevada and Gold Wheaton.  Total votes cast at the special meeting of shareholders represented 129,296,537 common shares of Gold Wheaton or 78.91% of the total issued and outstanding common shares of Gold Wheaton. In the vote requiring 66 2/3% in favour of the Arrangement, 124,787,469 votes were cast FOR, representing 96.51% of the votes cast and in the vote requiring a majority of the minority in favour of the Arrangement under MI 61-101, 64,134,343 votes were cast FOR, representing 93.43% of the votes cast.Gold Wheaton will now apply to the Supreme Court of British Columbia for a final order (the "Final Order") approving the Arrangement. The hearing for the Final Order is expected to take place on March 11, 2011. Provided that the Final Order is granted, Gold Wheaton and Franco-Nevada expect to complete the Arrangement on or about March 14, 2011.About Gold WheatonGold Wheaton Gold Corp. (TSX: GLW) is a gold company with 100% of its operating revenue from the sale of gold and precious metals produced by others. The streams include production from Quadra FNX's Sudbury operations and First Uranium Corporation's Mine Waste Solutions and Ezulwini operations.About Franco-NevadaFranco-Nevada Corporation (TSX: FNV) is a gold-focused royalty and streaming company with additional interests in platinum group metals, oil and gas and other assets. Its portfolio of high-margin cash flow producing assets is located principally in the United States, Canada and Mexico. Franco-Nevada also holds a pipeline of potential future cash flowing assets that are being developed, permitted or explored.CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATIONCertain information contained in this press release constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "anticipates", "plans", "estimate", "expect", "expects", "expected" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to, necessary court approval and any other risks that could affect completion of the Arrangement. The forward-looking statements contained in this press release are based upon assumptions management of the companies believe to be reasonable, including, without limitation, assumptions relating to obtaining necessary court approval and relating to completion of the Arrangement. Readers should not place undue reliance on forward-looking statements because of the inherent uncertainty. For additional information with respect to risks, uncertainties and assumptions, please also refer to the "Risk Factors" sections of our most recent Annual Information Forms filed with the Canadian securities regulatory authorities on www.sedar.com, as well as our annual and interim MD&As. The forward-looking statements herein are made as of the date of this press release only and the companies do not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. For further information: David Cohen Chairman & CEO Gold Wheaton Gold Corp. 778-373-0107David Harquail President & CEO Franco-Nevada Corporation 416-306-6300