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WML.V ·

Jürgen M. Geissinger Joins Wealth Minerals Advisory Board

Management Changes

#2710 – 200 Granville Street, Vancouver, BC Canada V6C 1S4

Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com

NR21-16 July 29, 2021

Jürgen M. Geissinger Joins Wealth Minerals Advisory Board

FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Minerals Ltd. (the “Company” or

“Wealth”) - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN ), announces the

appointment of Jürgen M. Geissinger to the Advisory Board. Mr. Geissinger is a renowned German

automobile sector manager with a keen interest in current technological changes changing the face of the

auto industry. Mr. Geissinger was Chief Executive Officer of Senvion S.A., a Hamburg based wind turbine

manufacturer. Previously, he was also the CEO of Schaeffler AG, a German based supplier of bearing

solutions and precision components for automotive and industrial applications. Under his tenure, Schaeffler

AG grew sales 4 times to EUR14 billion. He was a leader in the consolidation of the German auto

components industry with several high- profile corporate actions, including the acquisition of FAG

Kugelfischer, a leading bearing manufacturing company, and Continental AG, a global tire manufacturer.

By the time Mr. Geissinger left Schaeffler AG, it was the third-largest automotive supplier in the world.

Mr. Geissinger currently sits on the Board of MTU Aero Engines AG (50% owned by Daimler-Benz). He

was also a board member of Continental AG and Swedish Manufacturing concern SANDVIK AB.

Hendrik van Alphen, CEO of Wealth, commented “Mr. Geissinger is a tremendous addition to the Wealth

team. He has the experience and contacts to raise the profile of our Company amongst the largest source of

demand growth for lithium in the world, automobile manufacturers. We all look forward to working with

him.”

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests in Canada, Mexico and Chile. The Company’s main

focus is the acquisition and development of lithium projects in South America. To date, the Company has

positioned itself to work alongside existing producers in the prolific Atacama salar, where the Company

has a substantial licenses package.

Lithium market dynamics and a rapidly increasing metal price are the result of profound structural issues

with the industry meeting anticipated future demand. Wealth is positioning itself to be a major beneficiary

of this future mismatch of supply and demand. The Company also maintains and continues to evaluate a

portfolio of precious and base metal 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

Wealth Minerals Ltd. - 2 - July 29, 2021

NR21-16 – Continued

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, anticipated exploration program results from exploration activities, the

Company’s expectation that it will be able to enter into agreements to acquire interests in additional mineral

properties, the discovery and delineation of mineral deposits/resources/reserves, the closing and amount of the

Placement, 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 identified by words such as: “believe”,

“expect”, “anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their

nature, refer to future events. 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, operating and technical difficulties in connection

with mineral exploration and development activities, actual results of exploration activities, 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, changes in general economic conditions, changes in the financial markets

and in the de mand and market price for commodities, lack of investor interest in the Placement, accidents, 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 policies affecting mining

operations, title disputes, the inability of the Company to obtain any necessary permits, consents, approvals or

authorizations, including acceptance by the TSX -V, required for the Placement, 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 Canadian 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.