Gold Wheaton completes CDN$260 million private placement financing


    VANCOUVER, July 8 /CNW/ - Gold Wheaton Gold Corp. ("Gold Wheaton",
currently known as Kadywood Capital Corp.) (TSX-V: KDC.H) is pleased to
announce that it has completed its previously announced private placement of
subscription receipts raising gross proceeds of Cdn$260 million through a
syndicate of agents that included Paradigm Capital Inc., as lead agent,
together with Canaccord Capital Corporation and GMP Securities L.P., as
co-bookrunners, and including BMO Capital Markets and Brant Securities
Limited. The subscription receipts, as well as the common shares and warrants
to be issued upon exercise thereof, are subject to a four-month hold period
under applicable Canadian securities laws which expires on November 9, 2008.
    The proceeds from the sale of the subscription receipts will be held in
escrow pending satisfaction of certain conditions, including obtaining all
approvals required for the transaction to be completed between Gold Wheaton
and FNX Mining Company Inc. (the "FNX Transaction") in connection with the
proposed purchase by Gold Wheaton of 50% of the contained gold, platinum and
palladium in ore mined and shipped from certain of the existing mining
operations wholly-owned by FNX Mining Company Inc. Upon satisfaction of such
conditions, each subscription receipt will be automatically exercised and
converted into one common share and one-half of one common share purchase
warrant of Gold Wheaton for no additional consideration. It is anticipated
that closing of the FNX Transaction will occur on or about July 15, 2008.

    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 the securities
in any state in which such offer, solicitation or sale would be unlawful. The
securities have not been registered under the United States Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements.

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

For further information:

For further information: Gold Wheaton Gold Corp. (currently known as
Kadywood Capital Corp.): David Cohen, Chairman and Chief Executive Officer,
(778) 373-0107

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