Wealth Minerals Signs Cooperation Agreement with the Indigenous Quechua Community of Ollagüe
#2710 – 200 Granville Street, Vancouver, British Columbia, Canada V6C 1S4
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR22-03 March 28, 2022
Wealth Minerals Signs Cooperation Agreement
with the Indigenous Quechua Community of Ollagüe
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Minerals Ltd. (the
“Company” or “Wealth”) - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN),
reports the Company has signed an agreement with the Indigenous Quechua Community of
Ollagüe (Ollagüe Community), setting the terms of cooperation between the two parties. Wealth
is committed to respect community rights and traditions and be open and transparent in all
activities regarding the Ollagüe Project.
The two parties have agreed that Wealth can drill up to five holes in the Ollagüe salar basin,
designed to maximize information to understand the Ollagüe Project’s potential. This drill program
will endeavor to have a minimal footprint i n the area, use existing roads, and generally have a s
unobtrusive presence as possible so as not to negatively i mpact Ollagüe residents and the
surrounding environment. During the course of Wealth’s drilling program, the Company will
prioritize local service providers for transport, vehicles, consumables, food and lodging.
Wealth’s CEO Hendrik van Alphen, commented : “We look forward to implementing the
agreement with the Ollagüe Community and to get to work in the coming months with the planned
drill program. We believe that this will be the start of a good long- term relationship with the
Ollagüe Community as the O llagüe Project advances and brings benefits to all stakeholders. I
would like to thank all the leaders of the Indigenous Quechua Community of Ollagüe for their
guidance and support in reaching this important agreement.”
The Ollagüe Project
The Ollagüe Project consists of 6,400 hectares located in northern Chile, Region II, near the Chile-
Bolivia border and approximately 200km due north from Atacama. Recent drilling activity by a
peer company in the area returned lithium grades up to 480 Li mg/l and surf ace sampling has
returned lithium grades as high as 1,140 Li mg/l. Readers are cautioned that the properties held by
a peer company are adjacent properties and that Wealth has no interest in or right to acquire any
interest in any part of these properties, and that mineral deposits on adjacent or similar properties
are not in any way indicative of mineral deposits on Wealth’s mineral properties or position in the
Ollagüe basin. Wealth previously conducted a coincident loop Transient Electromagnetic (“TEM”)
survey on the Ollagüe Project, which identified very highly conductive zones and are interpreted
to represent porous media with high-salinity fluids (potentially lithium-bearing brines) at depth.
Wealth Minerals Ltd. - 2 - March 28, 2022
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Ollagüe Project Map
About Wealth Minerals Ltd.
Wealth is a mineral resource company with interests in Canada, Mexico and Chile. The Company’s
main 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 meeting anticipated future demand. Wealth is positioning itself to be a
Wealth Minerals Ltd. - 3 - March 28, 2022
NR22-03 – Continued
major beneficiary of this future mismatch of supply and dema nd. 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.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 or Henk van Alphen
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 press release, which has been prepared
by management.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward -looking state ments 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, whic h, 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 s tatements 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.