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Wealth Minerals Files Technical Report on SEDAR+ for the Kuska Project, Ollagüe, Chile

Resource Estimates Technical Reports (NI 43-101)

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

Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com

NR24-03 February 16, 2024

Wealth Minerals Files Technical Report on SEDAR+ for the

Kuska Project, Ollagüe, Chile

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

“Wealth”) – (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN) reports that further to

their news release dated January 4, 2024, Wealth Minerals has filed on SEDAR+ a National Instrument 43-

101 Technical Report ("NI 43-101") for the resource estimate on the Kuska Project, Chile.

The NI 43- 101 technical report is entitled "National Instrument 43 -101 Technical Report – Preliminary

Economic Assessment – Kuska Project, Region of Antofagasta, Chile (the "Technical Report") and is dated

February 16, 2024. The Technical Report was prepared pursuant to NI 43- 101 by DRA Global Ltd. and

Montgomery & Associates . The Technical Report is available on W ealth Minerals SEDAR + profile at

www.sedarplus.ca and is available on the website at www.wealthminerals.com.

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests in Canada and Chile. The Company’s 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 meetin g 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.

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.sedarplus.ca.

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

Wealth Minerals Ltd. - 2 - February 16, 2024

NR24-03 – Continued

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

Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com

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

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.