Atacama Project Update
Suite 2300 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR18-14 July 25, 2018
Atacama Project Update
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Mi nerals Ltd.
(the “Company” or “Wealth”) - (TSXV: WML; OTCQB: WMLLF; SSE: WM LCL; Frankfurt:
EJZN), announces delays in its Atacama Project (the “Project”) drilling program. The Company
mobilized and transported a sonic drill rig to the Project area this week, at which time local
community representatives expressed concerns to Wealth’s drilli ng crew about the Project’s
impact on the area. While legally within its rights to continue drilling, the Company has chosen a
non-confrontational approach with local stakeholders. As a res ult, Wealth is undertaking
additional consultation with local community representatives, g overnment officials and with
Wealth’s state-partner, Empresa Nacional de Minería de Chile (National Mining Company of
Chile) (“ENAMI”).
Wealth’s management anticipates that additional engagement with the local community, and
continued dialogue at all levels of government, will address any remaining concerns and allow the
Project to move forward. The C ompany believes that delaying dr illing activities is the correct
approach at this time and it intends to secure a social licence to operate before proceeding to
develop the Project further.
Henk van Alphen, Wealth’s CEO, commented, “Of course we are disappointed by the delay in our
drilling program, but we need to involve all stakeholders in the process of developing the Atacama
Project in order for it to be the long-term success we all expe ct. We felt that it was important to
meet with the local communities and to delay the drill program until we can reach an agreement
to proceed. This week we will meet with our State-owned partne r, ENAMI, to update them on
these developments. Given that our neighbors to the south in t he Atacama Salar represent fully
one third of global lithium production, the stakes are quite hi gh in the Atacama Salar for Wealth
and for Chile. Chile has the natural endowment to be the domin ant global player in the lithium
market, but we need to ensure that our development approach is in line with the high expectations
of the local community.”
About Wealth Minerals Ltd.
Wealth is a mineral resource company with interests in Canada, Mexico, Peru and Chile. The
Company’s main focus is the acquisition of lithium projects in South America. To date, the
Company has positioned itself to develop the Aguas Calientes Norte and Quisquiro Salars in Chile
(the Trinity Project), as well as to work alongside existing producers in the prolific Atacama Salar,
in addition to the Laguna Verde lithium project acquisition. T he Company has also positioned
itself to play a role in asset consolidation in Chile with the Five Salars Project.
Wealth Minerals Ltd. - 2 - July 25, 2018
NR18-14 – Continued
The Company is transitioning from an asset acquisition phase to developing its current high
potential portfolio. Lithium market dynamics and a rapidly increasing metal price are the result of
profound structural issues with t he industry meeting anticipate d f u t u r e d e m a n d . W e a l t h i s
positioning itself to be a major beneficiary of this future mis match of supply and demand. The
Company also maintains and conti nues to evaluate a portfolio of p r e c i o u s a n d b a s e m e t a l
exploration-stage projects.
For further details on the Company readers are referred to the Company's website
(www.wealthminerals.com) and its Canadian regulatory filings on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of
WEALTH MINERALS LTD.
“Hendrik van Alphen”
Hendrik van Alphen
Chief Executive Officer
For further information, please contact: Marla Ritchie
Phone: 604-331-0096 Ext. 3886 or 604-638-3886
E-mail: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, “forward-
looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United
States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact,
included herein including, without limitation, statements regarding the anticipated receipt of the necessary community
approvals required for the commencement of drilling at the Project, the commencement of the drill program, the
discovery and delineation of mineral deposits/resources/reserves on the Project and the anticipated business plans
and timing of future activities of the Company, are forward-looking statements. Although the Company believes that
such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-
looking statements are typically id entified by words such as: “believe” , “expect”, “anticipate”, “intend”,
“estimate”, “postulate” and similar expressions, or are those, which, by their nature, refer to future events. In making
the forward-looking statements in this news release, the Company has applied several material assumptions, including
without limitation, that market fundamen tals will result in sustained lithium de mand and prices, the receipt of any
necessary permits, licenses and regulatory and community approvals required for the exploration and development
of the Company’s Chilean lithium projects in a timely manner, the availability of financing on suitable terms for the
development, construction and continued operation of the Company project s, and the Company’s ability to comply
with environmental, health and safety laws.
The Company cautions investors that any forward-looking statements by the Company are not guarantees of future
results or performance, and that actual results may differ materially from those in forward-looking statements as a
result of various factors, including, issues raised during the Company’s due diligence on the Project, the results of
meetings with local community representatives and gover nment officials, operating and technical difficulties in
connection with mineral exploration and development activities at the Project, actual results of exploration activities,
including the drill program at the Project, the estimation or realization of mineral reserves and mineral resources,
the timing and amount of estimated future production, the costs of production, capital expenditures, the costs and
timing of the development of new deposits, requirements for additional capital, future prices of lithium and precious
metals, changes in general economic conditions, changes in the financial markets and in the demand and market price
for commodities, labour disputes and other risks of the mining industry, delays in obtaining governmental approvals,
permits or financing or in the completion of development or construction activities, changes in laws, regulations and
Wealth Minerals Ltd. - 3 - July 25, 2018
NR18-14 – Continued
policies affecting mining operations, title disputes, the in ability of the Company to obtain any necessary permits,
consents or authorizations required, including TSX Venture Exchange acceptance of any current or future property
acquisitions or financings and other planned activities, the timing and possible outcome of any pending litigation,
environmental issues and liabilities, and risks related to joint venture operations, and other risks and uncertainties
disclosed in the Company’s latest interim Management Discussion and Analysis and filed with certain securities
commissions in Canada. All of the Company’s Cana dian public disclosure filings may be accessed via
www.sedar.com and readers are urged to review these materials, including the technical reports filed with respect to
the Company’s mineral properties.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no
obligation to update any of the forward-looking statements in this news release or incorporated by reference herein,
except as otherwise required by law.