Wealth Minerals Provides Update on Proposed Andacollo Oro Gold Project Acquisition
#1570 - 200 Burrard Street, Vancouver, British Columbia, Canada, V6C 3L6
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR25-17 October 29, 2025
Wealth Minerals Provides Update on Proposed Andacollo Oro Gold
Project Acquisition
FOR IMMEDIATE RELEASE… Vancouver, British Columbia: Wealth Minerals Ltd. (the “Company” or
“Wealth”) – (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; FSE: EJZN) announces that pursuant to
the binding letter agreement (the “Letter Agreement”) made as of September 24, 2025 to acquire an indirect
100% royalty- free interest in the Andacollo Oro Gold Project (“AOG Project”), located in Chile (the
“Transaction”) and announced in a news release dated September 25, 2025, that the Company will not be
proceeding with the Letter Agreement.
Canadian regulatory requirements combined with new Chilean banking compliance delays meant that the
Company was unable to make the necessary payments to the vendor as specified in the Letter Agreement.
As a result of this, the Company will be arranging to return all funds raised for the AO G Project in
accordance with the terms of the subscription agreements signed by the Company.
Henk van Alphen, Wealth’s CEO , said: “We are all disappointed by this turn of events that were largely
beyond the Company’s control. We knew that we had a short time frame to execute the next steps in the
Andacollo acquisition and we were unable to process them in time. Notwithstanding this, we believe that
the Company can and will get value for the significant lithium projects currently in its portfolio. I look
forward to continuing to advance Wealth’s lithium assets. Wealth is committed to working in Chile and to
carry on with is successful business model of stakeholder engagement, as demonstrated by the Company’s
joint venture with the Quechua Indigenous Community of Ollagüe to develop the Kuska lithium project,
and the recent inclusion of the Salar de Ollagüe in the new simplified procedure for the assignment of a
Special Lithium Operating Contract (CEOL). Further, we are working presently to develop partnerships to
take advantage of the new initiatives put forward by the Government of Chile through the new simplified
procedure for the assignment of Special Lithium Operating Contracts (CEOL).”
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.
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.
Wealth Minerals Ltd. - 2 - October 29, 2025
NR25-17 – Continued
#1570 - 200 Burrard Street, Vancouver, British Columbia, Canada, V6C 3L6
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.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 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. All statements, other
than statements of historical fact, included herein including, without limitation, statements regarding the entry into of
a definitive agreement with the Vendor, the completion of all conditions precedent to the Transaction, and the
completion of the Transaction, 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: “believes”, “expects”, “antici pates”, “intends”, “estimates”, “plans”,
“may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar
expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be
taken or achieved. In making the forward- looking statements in this news release, the Company has applied several
material assumptions, including without limitation, market fundamentals will result in sustained gold and lithium
demand and prices, the receipt of any necessary permits, licences and regulatory approvals in connection with the
Transaction in a timely manner, the availability of financing on suitable terms for the continued operation of the
Company’s business and its ability to comply with environmental, health and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to differ materially from any future results, performance
or achievements expressed o r implied by the forward- looking information. Such risks and other factors include,
among others, requirements for additional capital, actual results of exploration activities, including on the Company’s
Wealth Minerals Ltd. - 3 - October 29, 2025
NR25-17 – Continued
#1570 - 200 Burrard Street, Vancouver, British Columbia, Canada, V6C 3L6
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
projects, the estimation or realization of mineral reserves and mineral resources, future prices of Gold and Lithium,
changes in general economic conditions, changes in the financial markets and in the demand and market price for
commodities, lack of inves tor interest in future financings, accidents, labour disputes and other risks of the mining
industry, delays in obtaining governmental approvals (including TSX Venture Exchange acceptance of the
Transaction), permits or financing or in the completion of ot her planned activities, risks relating to epidemics or
pandemics, including impacts on the Company’s business, financial condition and results of operations, changes in
laws, regulations and policies affecting mining operations, title disputes, the timing and possible outcome of any
pending litigation, environmental issues and liabilities, as well as the risk factors described in the Company’s annual
and quarterly management’s discussion and analysis and in other filings made by the Company with Canadian
securities regulatory authorities under the Company’s profile at www.sedarplus.ca .
Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake
any obligation to update any of the forward- looking statements in this news release or incorporated by reference
herein, except as otherwise required by law.