Wealth Minerals Provides Corporate Update
Suite 2300 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR18-03 February 20, 2018
Wealth Minerals Provides Corporate Update
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Mi nerals Ltd. (the
“Company” or “Wealth”) - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN),
provides a corporate update.
Operational Activity
Wealth is wrapping up its drilling program at the Laguna Verde project (see press release of
December 21, 2017), part of a comprehensive brine evaluation program which included a transient
electromagnetic survey and a gravity survey. Most recently, be nch scale test work demonstrated
that Tenova Advanced Technologies’ process technology could be successfully applied to the
Laguna Verde surface brines.
The current drill program (Picture 1) is targeting brines at 220m below surface where groundwater
samples will be collected and at 50m intervals and analyzed to determine lithium content.
Picture 1: Drill rig at Laguna Verda
Wealth Minerals Ltd. - 2 - February 20, 2018
NR18-03 – Continued
Trinity and Atacama Projects
On completion at Laguna Verde, the drill crew will mobilize to the Trinity project and then the
Atacama project to complete drill-testing of highest priority drill targets. At both projects, recent
geophysical surveys have defined large, near-surface brine targets.
Corporate Activity
Wealth is continually reviewing and completing due diligence on projects within the Company’s
extensive portfolio. A key part of Wealth’s business developme nt plan is building a corporate
platform, acquiring assets and then allocating resources based on prioritization of projects.
Wealth’s top ranked project is Atacama, closely followed by Tri nity and Laguna Verde, all three
of which are being drill-tested within the current exploration program.
With a view to allocating both management time and financial resources, Wealth has relinquished
all interest in the Seven Salars and Pujsa option agreements. At Seven Salars, the option agreement
and subsequent negotiations for partnership plans did not give the Company enough control over
the development process. As a result, management decided that financial resources were better
spent at priority projects like Atacama. At Pujsa, the Company determined that insufficient
operational synergies existed between Pujsa and its neighbouring Trinity Project salars (Quisquiro
and Aguas Calientes Norte). In its place, Wealth has acquired an additional 2,400 hectares between
the Quisquiro and Aguas Calientes Norte salars (see press relea se January 24, 2018) on the back
of Transient Electromagnetic surveys which identified highly co nductive zones, indicative of
potential brine areas.
Management also notes that in the process of ranking projects, the Company increased its land
package at Laguna Verde by 6,300 hectares based on positive Tra nsient Electromagnetic surveys
that identified highly conductive zones (see press release June 7, 2017).
In December 2017 Chile elected a new President, Mr. Sebastián Piñera, who is well known for his
pro-business approach to governance. Mr. Piñera will assume off ice March 11, 2018 and he has
advanced Mr. Baldo Prokurica as his choice for Minister of Mines. Mr. Prokurica has consistently
argued for a more liberal mining regulatory framework to attract foreign and domestic investment
to Chile’s natural resource sector. Wealth’s management is prep aring to meet with the new
Minister of Mines to discuss the Chilean lithium industry and plans for reform.
Wealth Minerals will have a booth at the Prospectors & Develope rs Association of Canada
(PDAC) conference from March 4th to 7th, 2018. The Company’s booth number is #3141 and the
entire management team will be there and welcomes visitors to the booth to learn more and discuss
Wealth.
About Wealth Minerals Ltd.
Wealth is a mineral resource company with interests in Canada, Mexico, Peru and Chile. The
Company's main focus is the acquisition of lithium projects in South America. To date, the
Company has positioned itself to develop the Aguas Calientes Norte and Quisquiro Salars in Chile
(the Trinity Project), as well as to work alongside existing producers in the prolific Atacama Salar,
Wealth Minerals Ltd. - 3 - February 20, 2018
NR18-03 – Continued
in addition to the Laguna Verde lithium project acquisition. T he Company has also positioned
itself to play a role in asset consolidation in Chile with the Five Salars Project.
The Company is transitioning from an asset acquisition phase to developing its current high
potential portfolio. Lithium market dynamics and a rapidly increasing metal price are the result of
profound structural issues with t he industry meeting anticipate d f u t u r e d e m a n d . W e a l t h i s
positioning itself to be a major beneficiary of this future mis match of supply and demand. The
Company also maintains and conti nues to evaluate a portfolio of p r e c i o u s a n d b a s e m e t a l
exploration-stage projects.
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
Phone: 604-331-0096 Ext. 3886 or 604-638-3886
E-mail: [email protected]
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, including the United
States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact,
included herein including, without limitation, anticipated exploration program results from exploration activities, the
Company’s expectation that it will be able to enter into agreements to acquire interests in additional mineral
properties, the discovery and delineation of mineral deposits/resources/reserves, the closing and amount of the
Placement, 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”, “inten d”, “estimate”, “postulate” and simila r 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, operating and technical difficulties in
connection with mineral exploration and development activities, actual results of exploration activities, the estimation
or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, the
costs of production, capital expenditures, the costs and tim ing of the development of new deposits, requirements for
additional capital, future prices of lithium, changes in general economic conditions, changes in the financial markets
and in the demand and market price for commodities, lack of investor interest in the Placement, accidents, labour
disputes and other risks of the mining industry, delays in obtaining governmental approvals, permits or financing or
in the completion of development or construction activities, changes in laws, regulations and policies affecting mining
operations, title disputes, the inability of the Company to obtain any necessa ry permits, consen ts, approvals or
authorizations, including acceptance by the TSX-V, required for the Placement, the timing and possible outcome of
any pending litigation, environmental issues and liabilities, and risks related to joint venture operations, and other
risks and uncertainties disclosed in the Company’s latest interim Management Discussion and Analysis and filed with
Wealth Minerals Ltd. - 4 - February 20, 2018
NR18-03 – Continued
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.
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.