Wealth Closes Oversubscribed Non-Brokered Private Placement
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO
UNITED STATES NEWS WIRE SERVICES**
Suite 2300 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR19-03 January 31, 2019
Wealth Closes Oversubscribed Non-Brokered Private Placement
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Mi nerals Ltd. (the
“Company” or “Wealth”) - (TSXV: WML; OTCQX: WMLLF; SSE: WMLCL; Frankfurt: EJZ),
announces it has closed an oversubscribed non-brokered private placement previously announced
on January 11, 2019 (the “Placement”). On January 30, 2019, a total of 3,942,500 units (each,
a “Unit”) were issued under the Placement at a price of $0.40 p er Unit for gross proceeds of
$1,577,000. Each Unit consists of one common share in the capi tal of the Company (each,
a “Share”) and one-half of one common share purchase warrant, with each whole warrant (each, a
“Warrant”) entitling the holder to acquire one additional Share at a price of $0.75 per Share for a
period of up to two years, expiring on January 30, 2021. In the event that the closing price of the
Shares on the TSX Venture Exchange is at least $1.50 per Share for a period of 10 consecutive
trading days commencing four months and one day after the closi ng of the Placement, the
Company may accelerate the expiry date of the Warrants by provi ding notice to the shareholders
thereof and, in such case, the Warrants will expire on the 30th day after the date on which such
notice is given by the Company.
All securities issued by the Company pursuant to the Placement will have a four month and one
day hold period in Canada endi ng on May 31, 2019. In connectio n with the Placement, the
Company paid aggregate finder’s fees of 118,055 Units, which Un its were issued to Canaccord
Genuity Corp. (as to 51,625 Units), Sean Schneider (as to 43,75 0 Units), Edelmetall Finance Inc.
(as to 22,400 Units) and Echelon Wealth Partners Inc. (as to 28 0 U n i t s ) . A l l U n i t s i s s u e d a s
finder’s fees have the same terms and conditions as the Units issued under the Placement, provided
that the Warrants forming part of the Units issued as finder’s fees are non-transferable.
The net proceeds from the Placement are intended to fund option payments on the Company’s
mineral property options, costs for the review and assessment of potential lithium mineral property
acquisitions in South America, exploration work on the Company’s existing mineral projects and
for general and administrative expenses and working capital purposes.
None of the foregoing securities have been and will not be regi stered under the United States
Securities Act of 1933 , as amended (the “1933 Act”) or any applicable state securitie s 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 registration requirements. This news release does not
constitute an offer to sell or t he 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.
Wealth Minerals Ltd. - 2 - January 31, 2019
NR19-03 – Continued
LC147920-1
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
Company has a substantial licenses package. The Company has also 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. Wea lth 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 Refo rm 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 intended use of the proceeds
received from the Placement, and the anticipated business plans and timing of future ac tivities of the Company, are
forward-looking statements. Although the Company believes that such statem ents 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”, “estimat e”, “postulate” and similar expressions, or are
those, which, by their nature, refer to future events. In ma king the forward-looking statements in this news release,
the Company has applied several material assumptions, including without limitation, that market fundamentals will
result in sustained lithium 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 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 Company’s ability to comply with environmental, health and safety laws.
Wealth Minerals Ltd. - 3 - January 31, 2019
NR19-03 – Continued
LC147920-1
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 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 of the Placement, required for future exploration activities or the acquisition of
additional mineral properties, 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.