Wealth Minerals Begins Drilling on the Ollagüe Salar Project
#2710 – 200 Granville Street, Vancouver, British Columbia, Canada V6C 1S4
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR22-08 June 13, 2022
Wealth Minerals Begins Drilling on the
Ollagüe Salar Project
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Minerals Ltd. (the
“Company” or “Wealth”) - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN),
reports it has begun drilling on the Ollagüe Salar (the "Project") in northern Chile.
Wealth’s drill program comprises approximately five holes for a total of 1,500m of diamond
drilling. This drill campaign will test brine anomalies as interpreted by prior geophysical studies.
The campaign’s results will be augmented by exciting earlier third party drill information Wealth
identified on the Project via its recent acquisition of 1,600 ha in the same Ollagüe Salar (see press
release dated May 3, 2022). The Company anticipates publishing a maiden NI 43-101 compliant
resource on the Project following the completion of drilling, laboratory work and analyses.
Wealth’s CEO Hendrik van Alphen, commented : “The team at Wealth is advancing our projects
and doing so in a responsible way that includes the input of all stakeholders. Our goal in the short
to medium term is to provide metrics for the Project that will allow the capital markets to
benchmark Wealth to other peer companies and guide our efforts for future Project development.”
The Ollagüe Project
The Ollagüe Project consists of 8,000 hectares located in northern Chile, Region II, near the
Bolivian border and approximately 200km due north of the Atacama Salar. Lithium Chile Inc.
conducted a drilling campaign at Ollagüe in 2018, which returned lithium grades up to 480 Li mg/l
while earlier surface sampling returned lithium grades as high as 1,140 L i mg/l. Readers are
cautioned these results are not in any way indicative of mineral deposits on Wealth’s mineral
properties or position in the Ollag üe basin. Wealth previously conducted a coincident loop
Transient Electromagnetic survey on the Ollagüe Project, which identified very highly conductive
zones interpreted to represent porous media with high- salinity fluids (potentially lithium-bearing
brines) at depth.
About Wealth Minerals Ltd.
Wealth is a mineral resource company with interests in Canada, Mexico and Chile. The Company’s
main focus is the acquisition and development of lithium projects in South America.
The Company opportunistically advances battery metal projects where it has a peer advantage in
project selection and initial evaluation.
Lithium market dynamics and a rapidly increasing metal price are the result of profound structural
issues with the industry meeting anticipated future demand. Wealth is positioning itself to be a
Wealth Minerals Ltd. - 2 - June 13, 2022
NR22-08 – Continued
major beneficiary of this future mismatch of supply and demand. In parallel with lithium market
dynamics, Wealth believes other battery metals will benefit from similar industry trends.
For further details on the Company 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, 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
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Linkedin - https://www.linkedin.com/company/wealth-minerals
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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 press release, which has been prepared
by management.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward -looking statements and forward- looking information (collectively, “forward -
looking statements”) within the meaning of applicable Canadian and US securities legislation. All statements, other
than statements of historical fact, included herein including, without limitation, statements regarding the anticipated
content, commencement, timing and cost of exploration programs, anticipated exploration program results, the
discovery and delineation of mineral deposits/resources/ reserves, the Company’s expectation that it will be able to
enter into agreements to acquire interests in additional mineral projects, 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-looking
statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar
expressions, or are those, which, by their nature, refer to future events. 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, but
not limited to, the state of the financial markets for the Company’s equity securities, the state of the commodity markets
generally, variations in the nature, quality and quantity of any mineral deposits that may be located, variations in the
Wealth Minerals Ltd. - 3 - June 13, 2022
NR22-08 – Continued
market price of any mineral products the Company may produce or plan to produce, the inability of the Company to
obtain any necessary permits, consents or authori zations required, including TSXV acceptance, for its planned
activities, the inability of the Company to produce minerals from its properties successfully or profitably, to continue
its projected growth, to raise the necessary capital or to be fully able t o implement its business strategies, 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 fil ings 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.