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

NR18-11 May 23, 2018

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 May 7, 2018 (the “Placement”). A total of 5,678,236 units (the “Units”) were issued under the

Placement at a price of $1.10 per Unit for gross proceeds of $6 ,246,060. Each Unit consists of

one common share in the capital 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 $1.50 per Share for a period of up to two years, expiring on

May 18, 2020. In the event that the closing price of the Share s on the TSX Venture Exchange

(the “TSXV”) is at least $2.50 per Share for a period of 10 consecutive trading days commencing

four months and one day after the closing of the Placement, the Company may accelerate the expiry

date of the Warrants by providing 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 ending on September 19, 2018. In con nection with the Placement the

Company paid aggregate finder’s fees of 297,871 Units, which Un its were issued to Haywood

Securities Inc. (as to 168,511 Units), Canaccord Genuity Corp. (as to 72,345 Units), Echelon

Wealth Partners Inc. (as to 700 Units), Anders Nerell (as to 52,500 Units) and Thomas McInerney

(as to 3,815 Units). All Units issued as finder’s fees have th e same terms and conditions as the

Units issued under the Placement, provided that the Warrants fo rming 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 - May 23, 2018

NR18-11 – Continued

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, 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 acquisition phase to developing its current high

potential portfolio. Lithium market dynamics and rapidly incre asing metal price are the result of

profound structural issues with t he industry meeting anticipate d f u t u r e d e m a n d . W e a l t h i s

positioning itself to be a major beneficiary of this future mis match of supply and demand. The

Company also maintains and conti nues to evaluate a portfolio of p r e c i o u s a n d b a s e m e t a l

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]

The TSX Venture Exchange has in no way passed on the merits of this news release. Neither TSX Venture Exchange

nor its Regulation Services Provider (as that term is de fined 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 statemen ts 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, 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 proper ties, the discovery and delineation of mineral

deposits/resources/reserves, the intended use of th e proceeds received from the Placement, 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-looki ng statements are typically identified by words such

as: “believe”, “expect”, “anticipate”, “intend”, “es timate”, “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 will result in sustained lithium demand and prices, the receipt of any necessary permits,

Wealth Minerals Ltd. - 3 - May 23, 2018

NR18-11 – Continued

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.

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 expenditu res, 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 obt ain any necessary permits, consents , approvals or authorizations,

including acceptance by the TSXV, 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 join t venture operations, and other risks and uncertainties disclosed in the

Company’s latest interim Management Discu ssion and Analysis and filed with certain securities

commissions in Canada. All of the Company’s C anadian 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.

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