Wealth Initiates New Geophysical Survey in Atacama Region Re-interprets Geophysical Data to Establish Large Area of Interpreted Brine at Depth

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NR18-17 September 17, 2018

Wealth Initiates New Geophysical Survey in Atacama Region

Re-interprets Geophysical Data to Establish

Large Area of Interpreted Brine at Depth

FOR IMMEDIATE RELEASE....Vancouve r, British Columbia: Wealth Mi nerals Ltd.

(the “Company” or “ Wealth”) - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt:

EJZN), announces that following up on positive Transient Electr omagnetic (“ TEM”) and

Magnetic Telluric (“ MT”) geophysical survey results (see news release December 14, 20 17), at

the Company’s Atacama Project (the “ Project”), Wealth has completed a comprehensive re-

interpretation of geophysical d ata and established a large 100k m2 area of anomalous data,

interpreted to represent high-salinity brines at depth.

In addition, with a view to expanding the Company’s already ext ensive (46,000 hectares)

footprint in the Atacama region, a geophysical survey (the “ Geophysical Survey”) was recently

initiated as part of due diligence on several additional proper ties in the area that Wealth has

begun negotiations to acquire. Results from the Geophysical Su rvey are expected to be available

in the coming weeks and will be used by the Company in determin ing whether to proceed with

the acquisition of the additional properties.

Figure 1: MT 1D smooth model inversion resistivity cross section for line A-I-M.

Location of line shown in Figure 2. Vertical exaggeration X2.

Red and purple colours represent very low resistivity of <1 ohm-m

Geophysical results at the Project

Re-interpretation of MT geophysi cal data has generated a new re sistivity cross section

(Figure 1) across the southern portion of the Project ( Figure 2). The cross section outlines a

large area, measuring more than 10km in width, where data shows a zone of very low resistivity

(less than 1 ohm-m) that ranges from 0.5km to 2km in thickness. This zone is interpreted to

cover an area of at least 100km 2 within the Project. The very low resistivity anomaly is

interpreted to represent porous media with high salinity fluids and potentially lithium-bearing

brines.

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NR18-17 – Continued

Drilling Update

The Company is continuing to work with all stakeholders towards the goal of commencing

drilling at the Project as soon as possible. Drilling data and brine sampling results will help

determine the potential volume of fluid and lithium content within the target aquifer.

“Our work with stakeholders in and around the Atacama Project i s progressing well

and we hope to be drilling soon,” stated Henk Van Alphen, Wealt h’s CEO. “As well

as testing shallow drill-targets in the west of the Project, we plan to drill th is 2km

thick brine target in the east.”

Mr. Van Alphen continued, “There are two important lithium prod ucing areas in the

world today. In the hard-rock lithium world it is called Green bushes, located in

western Australia. In the lithium brine world, it is the Ataca ma in northern Chile and

Wealth has a large land position in the Atacama, which we hope will prove to have

significant value once drill testing begins and results become available.”

Figure 2: Wealth Atacama Project and location of geophysical survey Line A-I-M.

Wealth Minerals Ltd. - 3 - September 17, 2018

NR18-17 – Continued

Qualified Person

Mr. Keith Henderson, P.Geo., is a qualified person as defined b y National Instrument 43-101

Standards of Disclosure for Mineral Projects . Mr. Henderson has reviewed the scientific and

technical information that forms t he basis of this news release and has approved the disclosure

herein. Mr. Henderson is not independent of 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 of lithium projects in South America. To date, the

Company has positioned itself to develop the Trinity Project, a s well as to work alongside

existing producers in the prolific Atacama Salar, in addition t o 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 m arket dynamics and a rapidly inc reasing metal price are the result

of profound structural issues w ith the industry meeting anticip ated future demand. Wealth is

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]

Neither TSX Venture Exchange nor its Regulation Services Prov ider (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 results and expected completion date of

the Geophysical Survey, the acquisitio n of additional properties in the At acama region, the commencement of

drilling at the Project, the discovery and delineation of mine ral deposits/resources/reserves on the Project and the

anticipated business plans and timing of future activities 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 ty pically identified by words such as: “believe”, “expect”,

Wealth Minerals Ltd. - 4 - September 17, 2018

NR18-17 – Continued

“anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their nature, refer

to future events. In making the forward-looking statemen ts 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 and community approvals required

for the exploration and 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’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, issues raised in respect of the Geophysical Survey, operating and technical

difficulties in connection with mineral exploration and deve lopment activities at the Company’s projects, including

continuing delays in the commencement of drilling at the Project, actual results of exploration activities, the

estimation or realization of mineral reserves and minera l resources, the timing and amount of estimated future

production, the costs of production, ca pital expenditures, the costs and timing of the development of new deposits,

requirements for additional capital, future prices of lithium and precious metals, 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 co nstruction 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 required, including TSX Venture Exchange acceptance of any current or future property

acquisitions or financings and other planned activities, 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 Cana dian 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.