OR Any Other Jurisdiction IN Which the Dissemination Would Be Unlawful OR
** NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY,
OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OR ANY
OTHER JURISDICTION IN WHICH THE DISSEMINATION WOULD BE UNLAWFUL OR
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Suite 2300 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR17-12 June 2, 2017
Wealth Announces USD 15 Million Private Placement and Initial
Application to Oslo Stock Exchange
FOR IMMEDIATE RELEASE....Vanc ouver, British Columbia: Wealth Minerals Ltd. (the
"Company" or "Wealth") - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN),
announces a private placement of common shares of the Company (the "Shares") for gross
proceeds of up to USD 15 million (the "Placement") at the price of CAD 1.50 per Share.
The Placement will consist of a brokered portio n in the amount of up to USD 10 million and a
non-brokered portion in the amount of up to USD 5 m illion. Advisory fees and/or finder's fees
will be payable on the Placement. Wealth has formed a consortium of Norwegian investment
banks to conduct the brokered portion of the Placement.
All Shares issued in the Placemen t will have a hold period in Canada of four months from the
closing of the Placement. All Shares issued in the non-brokered portion of the Placement are
expected to be listed on the Oslo OTC or Merkur Market operated by the Oslo Stock Exchange.
The completion of the Placement is subject to th e customary conditions, including, receipt of the
requisite corporate and regulat ory approvals, completion of due diligence by the agents in
connection with the brokered portion of the Placement, and acceptance for filing of the Placement
by the TSX Venture Exchange.
The net proceeds from the Placement are intended to fund the lithium expl oration program that
will be conducted on the Company's lithium proper ties, the review and assessment of additional
potential lithium mineral property acquisitions in South America, and general and administrative
expenses and working capital.
Application to Oslo Stock Exchange
Wealth also announces that it has filed prelim inary listing documents with the Oslo Stock
Exchange for a proposed dual listing of its comm on shares on Oslo Axess, a regulated market
(within the meaning of the EU directive on markets) in Oslo, Norway. The Company expects that
the Oslo listing process will be completed during the second half of 2017.
When determining whether to make an application to the Oslo Stock Exchange, the Company
considered that the Oslo Stock Exchange is energy and natural resources focused, with Norway at
the forefront of the clean energy industry and a world leader in electric vehicle adoption. Notably,
Wealth Minerals Ltd. - 2 - June 2, 2017
NR17-12 – Continued
in 2016, 29% of new passenger cars registered in No rway were electrically chargeable vehicles
and 11.2% of new passenger cars were hybrid el ectric vehicles (Source: European Automotive
Manufacturers Association). The energy sector, including oil and gas related businesses, accounts
for around one-third of the total market capitalisation of the Oslo market, which includes the Oslo
Børs and the Merkur Market.
This news release does not constitute an offer of sale of any of the foregoing securities in the
United States. None of the foregoing securities have been and will not be registered under the U.S.
Securities Act of 1933 , as amended (the "1933 Act") or any a pplicable state securities laws and
may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons
(as defined in Regulation S under the 1933 Act) or persons in the United States absent registration
or an applicable exemption from such registra tion requirements. This press release does not
constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the
foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Wealth Minerals Ltd.
Wealth is a mineral resource company with inte rests in Canada, Mexico, Peru and Chile. The
Company's main focus is the acquisition of lith ium projects in South America. To date, the
Company has positioned itself to develop the Aguas Calientes Norte, Pujsa and Quisquiro Salars
in Chile (the Trinity Project), as well as to work alongside existing pr oducers in the prolific
Atacama Salar, in addition to the Laguna Verd e lithium project acquisition. The Company
continues to aggressively pursue new acquisitions in the region, the latest of which is the Five
Salars Project. 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 th is future mismatch of supply and demand. The
Company also maintains and continues to eval uate a portfolio of precious and base metal
exploration-stage projects.
For further details on the Company reader s 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
Wealth Minerals Ltd. - 3 - June 2, 2017
NR17-12 – Continued
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, the completion of the Placement and the Oslo Stock Exchange listing 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 d ifficulties in connection w ith mineral exploration an d development activities,
actual results of exploration activities, the estimation or re alization 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, requir ements for additional capital, future prices of lithium, changes in general
economic conditions, changes in the financial markets and in the demand 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 Venture
Exchange or Oslo Axess, as applicable, required for the Placement or the Oslo Stock Exchange listing, 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's 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.