Laguna Verde Update
Suite 2300 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR18-15 July 31, 2018
Laguna Verde Update
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Mi nerals Ltd.
(the “Company” or “Wealth”) - (TSXV: WML; OTCQX: WMLLF; SSE: WM LCL; Frankfurt:
EJZN), announces an operational update for the Laguna Verde Project (the “Project” or “Laguna
Verde”).
Preliminary Economic Assessment
Wealth has commissioned several industry-leading consultants an d advisors to produce a
Preliminary Economic Assessment (“PEA”) on the Project utilizin g Tenova Advanced
Technologies’ (“TAT”) process technology to develop the above-ground brine pool at the Project.
As previously announced on November 16, 2017, Wealth provided b rine material from Laguna
Verde to TAT to develop a lithium recovery methodology. The Laguna Verde brine was analyzed
at approximately 220 mg/L of lithium. Wealth has directed its consultants to develop a PEA for a
plant design that can produce 6,000 tons per year lithium carbo nate equivalent (LCE). As noted
in the November 16, 2017 press release, the preferred TAT techn ology does not utilize solar
evaporation, thus lowering the plant’s “footprint” and environm ental impact on the surrounding
landscape. Management anticipates that this approach at Laguna Verde for asset development will
help accelerate the permitting process for a production facility.
Management anticipates that the PEA will be complete by the end of Q3 2018. The PEA will only
assess Project economics for the above-ground lithium-bearing brine pool. If exploration drilling
is successful in defining below-ground brines, the Project may later be expanded in scope.
Exploration Program
Wealth continues to advance its exploration program at the Proj ect to better understand the
potential for lithium-bearing brines underlying the Laguna Verd e above-ground brine.
Geophysical work was completed in Q3 2017 (see Figure 1), and t he Company is in the process
of securing a drilling contractor to complete a follow-up drill program. The primary objective of
the exploration drill program is to collect groundwater / brine samples at 50m intervals to a 300m
depth, to be analyzed for lithium content.
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Figure 1: Original Laguna Verde land position (blue outline), the 2017 property additions (green
outline), and the 2017 TEM geophysical lines (red line).
Hendrik van Alphen, Wealth’s CEO, commented “The PEA is an impo rtant step in moving the
Company forward and demonstrating the value of our asset portfo lio. We believe the PEA will
demonstrate an economically robust case for the development of the above-ground brines at
Laguna Verde and expect that the TAT technology will allow Wealth to develop the Laguna Verde
brines in a cost-effective manner, unaffected by weather, altit ude and evaporation rates, which
factors have previously had a neg ative impact on other lithium brine projects in the high Andes.
In the unfolding lithium market, stability of supply is a key f actor, and is often overlooked by
industry analysts.”
Qualified Persons
Mr. Keith Henderson, PGeo, is a qualified person as defined by National Instrument 43-101.
Mr. Henderson has reviewed the scientific and technical informa tion relating to the Project
contained herein. Mr. Henderson is not independent of the Comp any as he is a shareholder and
holds incentive stock options.
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.
The Company is transitioning from asset acquisition to developi ng its current high potential
portfolio. 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
Wealth Minerals Ltd. - 3 - July 31, 2018
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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
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 results and expect ed completion date of the
PEA, 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 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. 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 in respect of the application of the TAT processing technology to the
Project, 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 policies affecting mining operations, title disputes, the inability 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 Canadian public disclosure
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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.