Wealth Minerals Provides Shareholder Update
Suite 2300 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR17-24 December 21, 2017
Wealth Minerals Provides Shareholder Update
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Mi nerals Ltd. (the
“Company” or “Wealth”) - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN),
provides an end of year shareholder update.
“We’re very happy to report a year of positive results and steady progress,” states Wealth Mineral’s
CEO Henk van Alphen, “with the company’s focus moving now from acquisitions to development
at our extensive lithium brine p roperties in Chile. The drilling presently underway at our Laguna
Verde project in Northern Chile is just part of a more extensiv e ongoing evaluation program at
Laguna Verde and at our Atacama and Trinity projects. We were a ble to raise monies totaling
$16.09M in 2017, and are also extremely encouraged by the recent election results in Chile, which
saw Conservative leader Sebastian Piñera elected president on a pro-business/investment
platform.”
“The worldwide lithium market is currently receiving significan t investor attention,” Mr. van
Alphen continues, “with Asian int erests particularly active last year. Wealth Mineral’s extensive
Chilean lithium acquisitions position the company to take full advantage of an increasing demand
for lithium batteries as a result of the projected electric car boom in the Chinese market and the
requirements of the new global energy sector.”
Wealth Minerals' president Tim McCutcheon explains: "The lithium industry is undergoing rapid
consolidation, particularly with regard to salar assets. This is due to one simple fact that the Wealth
Minerals team identified early on—all of the lithium-bearing sa lars in the world are known to
everyone, and by definition no new one will ever be found. That fact, combined with salars'
historically lower lithium extraction cost, means that consolidation should come as no surprise to
industry observers. Consolidation is also the outward manifestation of what we know to be true—
there are serious good quality s upply issues on the horizon in the lithium business, and those
companies that address this issue first will be long-term winne rs in an industry that will dictate
how global energy markets operate for decades to come."
Wealth Minerals’ Executive Director, Chile, said: “I am very excited about Wealth moving to asset
advancement, after the intensive effort in the past to put together a great portfolio of lithium assets
in Chile. We will follow up with the results of our recent geophysical tests by conducting targeted
drilling and other exploration efforts to move our assets forward to the next stage of development.
I have no doubt that Chile will go far in being a global lithium powerhouse, and Wealth will play
a key role in that process. Mr Piñera intends to stimulate the economy by offering incentive to
investors and also by reducing the time involved in getting permits to develop projects, especially
mining projects. In his Agenda, lithium exploitation is high up the list of priorities.”
Wealth Minerals Ltd. - 2 - December 21, 2017
NR17-24 – Continued
“Finally,” sums up Mr. van Alphen, “I would like to offer our congratulations to Wealth Mineral’s
director and longtime associate Leonard (Len) Harris on his ind uction this year to the National
Mining Hall of Fame. Mr. Harris also received the prestigious H oover Award in 2016 in
recognition of his ‘tireless, g enerous, and continuous efforts in hostile environments to improve
community conditions, starting at mines in Peru and beyond, lea ding to more humane living
environments and enhanced futures for thousands of underprivile ged children.’ We are proud to
have worked with Mr. Harris over the years, and I know that he joins us in thanking all our
stakeholders for their support in 2017 and in wishing everyone a happy holiday season and a
prosperous new year.”
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 No rte, Pujsa and Quisquiro Salars
in Chile (the Trinity Project), as well as to work alongside ex isting producers in the prolific
Atacama Salar, in addition to the Laguna Verde lithium project acquisition. The Company has
also positioned itself to play a role in asset consolidation in Chile with the Five Salars Project.
Lithium market dynamics and a rapidly increasing metal price are the result of profound structural
issues with the industry meeting anticipated future demand. We alth is positioning itself to be a
major beneficiary of this future mismatch of supply and demand. The Company also maintains
and continues to evaluate a portfolio of precious and base metal 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
Wealth Minerals Ltd. - 3 - December 21, 2017
NR17-24 – Continued
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
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.