WML.V · 2023-03-10 12:00:00

Wealth Minerals Acquires Shares of Electric Royalties Ltd.

Mergers & Acquisitions Royalties & Streams

#2710 – 200 Granville Street, Vancouver, BC Canada V6C 1S4

Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com

NR23-05 March 10, 2023

FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Minerals Ltd. (the "Company" or

"Wealth") - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZ N) reports, further to its

news release on January 25, 2023, that the purchase from World Copper Ltd. ("World Copper") of

2,000,000 common shares in the capital of Electric Royalties Ltd. (each, an "ELEC Share") for a purchase

price of $0.25 per ELEC Share (the "Transaction") has now closed. On closing, the Company received

2,000,000 ELEC Shares for the aggregate cash payment amount of CAD $500,000.

As the Company holds more than 10% of the issued and outstanding common shares of World Copper (and

is a Non-Arm's Length Party (as defined in TSXV policies) ), the Transaction constitutes a related party

transaction pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special

Transactions ("MI 61-101"). The Company is relying on Sections 5.5(a) and 5.7(1)(a) of MI 61-101 for an

exemption from the formal valuation and minority shareholder approval requirements, respectively, as at

the time the Share Purchase Agreement was entered into, neither the fair market value of the ELEC Shares,

nor the fair market value of the consideration to be provided by the Company for same, exceeded 25% of

the Company's market capitalization. The Company also notes that the Company and Electric Royalties

Ltd. are not Non- Arm's Length Parties , and they will continue to not be Non -Arm's Length Parties

immediately after the Transaction.

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, Michael Pound or Henk van Alphen

Phone: 604-331-0096 or 604-638-3886

For all Investor Relations inquiries, please contact:

John Liviakis

Liviakis Financial Communications Inc.

Phone: 415-389-4670

For all Public Relations inquiries, please contact:

Nancy Thompson

Vorticom, Inc.

Office: 212-532-2208 | Mobile: 917-371-4053

Wealth Minerals Ltd. - 2 - March 10, 2023

NR23-05 – Continued

LC386542-1

Facebook – https://www.facebook.com/WealthMineralsLtd

Linkedin – https://www.linkedin.com/company/wealth-minerals

Twitter – https://www.twitter.com/WealthMinerals

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. All statements, other

than statements of historical fact, included herein including, without limitation, statements regarding the Transaction,

and the anticipated business plans and timing of future activities of the Company, are forward looking statements. 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.

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