Wealth Minerals Permitting Application for the Kuska Project Accepted
#1570 - 200 Burrard Street, Vancouver, British Columbia, Canada, V6C 3L6
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR 26-01 January 7, 2026
Wealth Minerals Permitting Application for the
Kuska Project Accepted
FOR IMMEDIATE RELEASE… Vancouver, British Columbia: Wealth Minerals Ltd. (the “Company” or
“Wealth”) – (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; FSE: EJZN) announces that on January 2,
2026, the Chilean Ministry of Mining issued an official resolution (the “Resolution”) regarding the
application acceptance for a Special Lithium Operating Contract (“CEOL”) for the Kuska Project (see press
releases dated May 27, 2025 and January 4, 2024). Due to the application acceptance, the Chilean Ministry
of Mining subdivision tasked with the CEOL process is required to agree with Wealth Minerals and partners
(such as Quechua Indigenous Community of Ollagüe , below as the “Kuska Consortium”) on final terms
and conditions to be included in the supreme presidential decree that will certify the CEOL. According to
the Resolution, the Kuska Consortium has fully complied with the requirements of the CEOL application.
Hendrik van Alphen, CEO of Wealth Minerals, stated "The team at Wealth Minerals has worked long and
hard for this moment, and our perseverance has paid off. The significance of this news cannot be overstated,
it means the door to Kuska Project development is now open, a project that has a billion-dollar value as per
our studies done, announced and filed in 2024. This news is particularly timely, as global prices for Lithium
Carbonate Equivalent have recently recovered from market lows and now exceed US$16,000 per tonne.
We now move to complete the CEOL negotiation this month so that the CEOL contract can be finalized as
soon as possible. This important milestone confirms the attractiveness of our Kuska P roject, not only for
Wealth shareholders but also for the State of Chile."
The Kuska Project
The Kuska Project is located in the Salar de Ollagüe, Antofagasta Region, Chile. Wealth Minerals Ltd.
began developing the Project in 2019 and has completed two exploration campaigns to date, which also led
to the publication of an initial resource estimate (“Estimated Lithium Resources Ollagüe Project” published
on SEDAR+ on January 13, 2023) under Canadian NI 43- 101 standards. The study estimates indicated
resources of 741,000 tonnes of Lithium Carbonate Equivalent (“LCE”) with an average concentration of
175 mg/L, in addition to inferred resources of 701,000 tonnes of LCE with an average grade of 185 mg/L.
Additionally, the Company has advanced the study of various direct lithium extraction (“DLE”)
technologies and published a preliminary economic assessment (“PEA”) in February 2024, prepared by
DRA Global Limited, which yielded very attractive profitability values (IRR of 33% and a NPV at 10%
discount of US$1.65 billion, pre-tax in both cases) for a 20,000 tonne LCE per year project with a 20-year
mine life. The Kuska Project is owned by Kuska Minerals LLC, a Chilean legal entity whereby ownership
is 95% for Wealth and 5% for the Quechua Indigenous Community of Ollagüe.
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. Presently the Company is working to
diversify its asset base to include precious metal projects.
Wealth Minerals Ltd. - 2 - January 7, 2026
NR26-01 – Continued
#1570 - 200 Burrard Street, Vancouver, British Columbia, Canada, V6C 3L6
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
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.
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
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
Wealth Minerals Ltd. - 3 - January 7, 2026
NR26-01 – Continued
#1570 - 200 Burrard Street, Vancouver, British Columbia, Canada, V6C 3L6
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
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 authorizations 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 to 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 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.