Wealth Announces Option for 100% of Meductic Vanadium Property Cancels Incentive Stock Options
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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
NR19-07 March 13, 2019
Wealth Announces Option for 100% of Meductic Vanadium Property
Cancels Incentive Stock Options
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Mi nerals Ltd.
( t h e “ C o m p a n y ” o r “ W e a l t h ” ) - ( T S X V : W M L ; O T C Q X : W M L L F ; S S E : W MLCL;
Frankfurt: EJZN), announces that it has signed an option agreem ent giving it the right
(the “Option”) to acquire a 100% interest (subject to a 2% NSR royalty) in the Meductic vanadium
properties (the “Property”) lo cated approximately 79 km west no rthwest of Fredericton, New
Brunswick, Canada.
Henk Van Alphen, Wealth’s CEO, co mmented “This acquisition was made to give Wealth
shareholders increased exposure to metals tied to new battery t echnologies that are driving the
global change in energy use. Lithium and vanadium are key meta l inputs with favorable market
dynamics in terms of demand and limited supply.”
Stefan Schauss, a Director of Wealth and a vanadium battery exp ert, stated “Vanadium is a new
battery metal that is enjoying increased demand due to the grow ing popularity of flow batteries.
Flow batteries are used in applications where long duration energy storage is prioritized over other
characteristics of rechargeable b atteries. Vanadium has histor ically only been used in the steel
industry and new demand from battery manufacturers is expanding the demand landscape.”
Background
The Property, which is comprised of the Wickham 1, Bright Eye B rook 1, 2 and 3, and Meductic
3, 4 and 5 mineral tenures cons ists of a total area of approxim ately 1,749 hectares (see Figure 1
and 2). The Property covers known areas of highly anomalous vanadium in outcrop. In addition,
a 2018 sample results program confirmed that there is a vanadiu m enriched section within the
Property. Sampling at both the Meductic and Bright Eye Brook m ineral tenures area returned
vanadium pentoxide values > 0.10 % over lengths of between 30 and 64 meters.
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Figure 1: Location of claims in New Brunswick, Canada. Red dot
represents region location of the Property
Figure 2: Location Map of claims comprising the Property
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Acquisition Terms
Wealth and the Property owners (the “Owners”) have entered into a formal option agreement dated
November 28, 2018 (the “Option Agreement”). Under the terms of the Option Agreement, Wealth
made a $20,000 cash payment upon signing and may exercise the O ption by paying an aggregate
of $720,000 in cash, and issuing an aggregate of 2.5 million co mmon shares of Wealth, to the
Owners, in accordance with the following schedule:
Due Date Cash Wealth Shares
Upon signing $20,000 --
March 15, 2019 $20,000 150,000
One year after signing $80,000 300,000
Two years after signing $120,000 450,000
Three years after signing $160,000 600,000
Four years after signing $320,000 1,000,000
Pursuant to the provisions of the Option Agreement, Wealth has agreed to pay the Owners a 2%
NSR royalty on all mineral commodities sold from the claims com prising the Property. Wealth
has the right to purchase from the Owners, at any time, half of the NSR royalty (1% of the 2%) for
a lump sum payment of $1,000,000. Additionally, from the fifth anniversary of the signing of the
Option Agreement until production, the Owners shall receive an advance royalty of $30,000 per
year, which will be credited towards NSR royalty payments follo wing the commencement of
production on the Property.
Option Cancellation
Wealth also announces that, pursuant to the Company’s 2004 Ince ntive Stock Option Plan, the
Company has cancelled an aggregate of 3,550,000 incentive stock options which were previously
granted to directors, officers, employees and consultants.
Qualified Person
John Drobe, P.Geo., a qualified person as defined by National I nstrument 43-101 Standards of
Disclosure for Mineral Projects, has reviewed the scientific and technical information that fo rms
the basis for this news release and has approved the disclosure h e r e i n . M r . D r o b e i s n o t
independent of the Company as he is a consultant and shareholder of Wealth, and holds incentive
stock options in the Company.
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 and development of lith ium projects in South America.
To date, the Company has positioned itself to develop the Quisq uiro Salar in Chile (the Trinity
Project), as well as to work alongside existing producers in the prolific Atacama Salar, where the
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Company has a substantial licen ses package. The Company has al so positioned itself to play a
role in asset consolidation in Chile with various lithium properties throughout the country.
Lithium market dynamics and a rapidly increasing metal price are the result of profound structural
issues with the industry meeting anticipated future demand. We alth 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 Compa ny 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 exercise of the Option, the NSR royalty and
advanced royalty payments, anticipated exploration progr am 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 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: “will”, “believe”, “expect”, “anticipat e”, “intend”, “estimate”, “plans”,
“may”, “should”, “scheduled”, “potential”, “postulate” and similar expressions, or are those, which, by their
nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. In making
the forward-looking statements in this news release, the Company has applied several material assumptions, including
without limitation, that market fundam entals will result in sustained lithium and vanadium demand and prices, the
receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the
Company’s Chilean lithium proj ects in a timely manner, the availability of financing on suitable terms for the
development, construction and continued operation of the Company’s projects, 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, 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
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and vanadium, changes in general ec onomic conditions, changes in the fi nancial markets and in the demand and
market price for commodities, lack of investor interest in future financings, 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 polic ies 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, required for the Option Agreement, 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 Managements’ 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.