Wealth Minerals Completes Acquisition of Additional Ground in Ollagüe Salar

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

Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com

NR22-09 June 23, 2022

Wealth Minerals Completes Acquisition of

Additional Ground in Ollagüe Salar

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

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

reports the Company has received TSX Venture Exchange (“TSXV”) acceptance of the agreement

with Lithium Chile Inc. (TSXV: LITH) (“Lithium Chile”) to acquire 1,600 hectares (“New Ollagüe

Licenses”) adjacent and near -adjacent to its existing license position in the Ollagüe basin (the

“Transaction”) (see news release dated May 3, 2022). Pursuant to the terms of the agreement, the

Company has issued 2,000,000 shares of Wealth Minerals to Lithium Chile Inc. Any future

payments required under the Transaction will be subject to TSXV acceptance.

Drilling Update

On June 13, 2022, Wealth announced the start of drilling on its licenses in the Ollagüe basin. Since

then, the Company has made good progress on drilling its planned program, which continues to

move forward on time and on budget. Management anticipates drill results by the end of summer

2022.

Picture 1: Drilling at Ollagüe

The Ollagüe Project

The Ollagüe Project, after the Transaction, consists of 8,000 hectares located in northern Chile,

Region II, near the Chile -Bolivia border. Lithium Chile conducted a drilling campaign in 2018,

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which returned lithium grades up to 480 Li mg/l and earlier surface sampling work returned lithium

grades as high as 1,140 Li 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 Ollagüe basin. Wealth

previously conducted a coincident loop Transient Electromagnetic (“TEM”) survey on the Ollagüe

Project, which identified very highly conductive zones (“Zones”) and are interpreted to represent

porous media with high-salinity fluids (potentially lithium-bearing brines) at depth. Testing these

Zones with drilling is the focus of Wealth’s anticipated drilling program for 2022 (see press release

of March 28, 2022). The map below (Map 1) shows the license position of Wealth in the Ollag üe

basin.

Map 1: Ollagüe Project Map

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

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.

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For further details on the Company readers are refe rred 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

Follow Us:

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 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

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

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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.