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Wealth Announces Engagement of Investor Relations Consultant and Comments on Promotional Activities

Listings & Exchange Regulatory & Compliance Company Commentary Marketing Announcement

LC112783-2

Suite 2300 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3

Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com

NR18-10 May 16, 2018

Wealth Announces Engagement of Investor Relations Consultant and

Comments on Promotional Activities

FOR IMMEDIATE RELEASE....Vancouver, Brit ish Columbia: Wealth Minerals Ltd.

(the “Company” or “Wealth”) - (TSXV: WM L; OTCQX: WMLLF; SSE: WMLCL; Frankfurt:

EJZN) announces that it has entered into an agreement dated May 15, 2018 (the “FMT Marketing

Agreement”), whereby it has engaged Future Money Trends, LLC (“FMT”) for a period of one

year at the aggregate cost of $250,000 to provid e financial publishing and digital marketing

services to the Company. Pursuant to the FMT Marketing Agreement, FMT will raise public

awareness of the Company (including its social media presence) and will promote the Company’s

business.

The Company also announces that has become aw are that FMT engaged in certain promotional

activities prior to the date of the FMT Marketing Agreement, namely a letter to readers from FMT

entitled “Don’t Miss the Green Energy BOOM !” and a letter to the readers from

CrushTheStreet.com entitled “Doubling Down on a Major Lithium Sale” that were published on

or about May 13, 2018 (collectively, the “FMT Promotional Materials”).

The Company understands that the FMT Promotional Materials were published in advance of the

Company entering into the FMT Marketing Agreement. The Company understands that the

FMT Promotional Materials were aimed at increa sing investor awareness of the Company. The

Company did not have editorial control over the FMT Promotional Materials and believes that any

statements contained therein relating the potential future value of the Company’s securities or the

performance thereof may be misleading. The Co mpany cautions readers that forward-looking

statements and information are not guarantees of future results or performance, and that actual

results may differ materially from those contained in forward-look ing statements as a result of

risks and other various factors, particulars of which are set out below. Going forward, the

Company expects to be able to exercise editorial control over any promotional and/or investor

communication materials prepared by FMT, including to the extent that such materials speak to

the Company’s securities and the potential future value or performance thereof.

As a result of the FMT Marketing Agreement, the Company has now entered into agreements for

the provision of investor, public relations and marketing services with Zacks Investment Research,

Inc., Fundamental Research Corp., Native Ads, In c., Galavant Holdings Ltd., Liviakis Financial

Communications, Inc. and MJP Justus Inc.

After the inquiry by management and except as ot herwise disclosed herein, the Company is not

aware of any of its directors, o fficers, controlling shareholders (defined as shareholders owning

Wealth Minerals Ltd. - 2 - May 16, 2018

NR18-10–Continued

LC112783-2

10% or more of the Company’s securities), or any third part y service providers providing

promotional services to the Company who have (i ) sold or purchased the Company’s securities

within the past 90 days or (ii) directly or indirectly, been involved in any way (including payment

of a third-party) with the creation or distribution of promotional materials related to the Company

and its securities, including the FMT Promotional Materials. The Company is aware that (i) certain

directors and officers of the Company purchased 662,500 shares in connection with the exercise

of stock options in March and April 2018 (of which 109,000 were subsequently sold); (ii) the Chief

Executive Officer of the Company purchased 20,000 shares in the past 90 days; and (iii) third party

service providers (not related to FMT) sold 162,000 shares in the past 90 days.

In accordance with TSX Venture Exchange policies, the Company has routinely in the past issued,

and expects to continue issuing, sh ares from treasury at a discount to market, but has not issued

convertible instruments allowing conversion to equ ity securities at prices constituting a discount

to the current market rate at the time of the issuance.

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 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, the Company has also positioned itself

to play a role in asset consolidation in Chile with the Five Salars project.

The Company is transitioning from an asset ac quisition phase to deve loping its current high

potential portfolio. Lithium market dynamics and rapidly increasing metal prices 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.

Wealth Minerals Ltd. - 3 - May 16, 2018

NR18-10–Continued

LC112783-2

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 Refo rm Act of 1995. All statements, other than statements of historical fact,

included herein including, without limita tion, the Company’s expectation that it will be able to exercise editorial

control over any promotional and/or investor communication materials prepared by FMT, anticipated exploration

program results from exploration activities, the Company’s expectation that it will be able to obtain the necessary

permits to exploit, develop, produce and export lithium, 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 word s such as: “believe”, “expect”, “anticipat e”, “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 fundamentals wi ll result in sustained lithium demand and pri ces, the receipt of any necessary permits,

licenses and regulatory approvals in connection with the future 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 projects, and the Comp any’s ability to comply with environmental, health and

safety laws.

Forward-looking statements by the Company are not guarantees of future results or performance, and actual results

may differ materially from those in forward-looking statements as a result of risks and other 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, requiremen ts for additional capital, future pr ices of lithium, changes in general

economic conditions, changes in the financial markets and in the demand and market price for commodities, 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 construc tion activities, changes in laws, regulations and policies

affecting mining operations, title dis putes, the inability of the Company to ob tain any necessary permits, consents,

approvals or authorizations, including acceptance by the TSX Venture Exchange of the FMT Marketing Agreement,

the timing and possible outcome of any pending litigation, environmental issues and liabilities, 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.