Wealth Receives Positive Geophysical Results at Laguna Verde Lithium Project, Chile Signs Non-Binding Letter of Intent to Acquire Expanded Land Position Management Changes
Suite 2300 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR17-13 June 5, 2017
Wealth Receives Positive Geophysical Results at
Laguna Verde Lithium Project, Chile
Signs Non-Binding Letter of Intent to
Acquire Expanded Land Position
Management Changes
FOR IMMEDIATE RELEASE....Vancouver, British Co lumbia: Wealth Minerals Ltd. (the
“Company” or “Wealth”) - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN),
reports that it has received positive results from the recently completed transient electromagnetic
and gravity geophysical surveys at the Laguna Verde project, in Region III (Atacama), northern
Chile (the “Laguna Verde Project”).
The Company also announces that it has signed a letter of intent (the “LOI”) with Atacama Lithium
Chile SpA in connection with the grant of an option to acquire additional exploration mining
concessions (the “Concessions”) with an aggregate area of approximately 6,300 hectares
surrounding the Laguna Verde Project and comprising the Salar Green and Union projects that, if
exercised, would bring the Company’s total land position in and surrounding Laguna Verde to
approximately 8,700 hectares.
Figure 1: Laguna Verde Lithium Project land position showing the location of the pre-existing
option property (blue outline) and the newly acquired projects (green outline).
The location of geophysical gravity and TEM survey lines (red lines) are superimposed.
2km
Wealth Minerals Ltd. - 2 - June 5, 2017
NR17-13 – Continued
Geophysical Survey Details
The objective of the gravity and transient electr omagnetic (“TEM”) geophysical surveys was to
explore for potential lithium brin es at depth in the area surro unding the Laguna Verde brine lake
by characterizing and mapping the geoelectrical and density structure in the area close to the body
of surface water at Laguna Verde. A total of 132 stations of 250m coincident loop TEM data and
108 stations of gravity data were acquired ar ound the Laguna Verde brine lake. The geophysical
contractor has reported that th e data quality is good to excell ent for both the TEM and gravity
surveys.
The resulting gravity model suggests a basin w hose depth varies between about 400m and just
over 1000m within the surveyed area. This is consistent with previously reported historical work
completed by a third party, which concluded that the basin thickness was approximately 500m (see
news release April 10, 2017). Con ductivity variations w ithin this interpreted basin suggest the
presence at depth of saline groundwater (potentia l brine) in lateral proximity to the surface body
of water at an interpreted depth of 200 to 300m, with the strongest response at the western end of
the lake. A zone of low resistivity is also observed at depth to the northeast of the lake, representing
perhaps a (partially) separated volume of saline groundwater.
Drill targeting has not yet been completed but initial results suggest up to three shallow drill targets
in close proximity to Laguna Verde (200 to 300m fr om surface) and an addi tional drill target to
test the interpreted deeper brine to the northeast (>400m from surface).
Figure 2: Laguna Verde brine lake, 3D visualization viewed from above toward the northwest with draped
inversion model sections of resistivity from the TEM survey beneath the semi-transparent satellite image draped
over topography. Areas interpreted to have shallow (200-300m) brine drill targets are outlined in transparent red,
while areas with potentially deeper drill targets (>400m) are outlined in transparent blue.
Wealth Minerals Ltd. - 3 - June 5, 2017
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Option Agreement Commercial Terms
Under the terms of the LOI, and subject to satisfactory completion of due diligence by the
Company and approval by the TS X Venture Exchange, Wealth Chile and Atacama Lithium SpA
will enter into and execute a formal property option agreement (the “Option Agreement”) whereby
the vendor will grant to Wealth Chile the exclusive right and op tion (the “Option”) to acquire
100% legal and beneficial interest in and to the Concessions, free and clear of all liens, charges
and encumbrances, in consideration of the pa yment of an aggregate of USD $4,000,000 and the
delivery of an aggregate of 5,000,000 common shares of Wealth, to be paid and delivered to the
vendor as follows:
Date
Cash Payments
(USD)
Wealth Common
Shares
Within 5 business days of the
execution of the Option
Agreement:
$200,000 1,000,000
12 Month Anniversary $500,000 1,000,000
24 Month Anniversary $1,000,000 1,000,000
36 Month Anniversary $1,000,000 1,000,000
48 Month Anniversary $1,300,000 1,000,000
Total: $4,000,000 5,000,000
During the term of the Option, Wealth Chile will be responsible for maintaining the Concessions
in good standing, and paying all f ees and assessments and taking such other steps as may be
required to do so. There will be no other work commitments, a nd any work carried out on the
Concessions will be at the sole discretion of Wealth Chile. Finder’s fees in an amount equal to up
to 5% of the aggregate value of the earn-in co nsideration for the Option paid and delivered by
Wealth Chile may be payable in connection with the Option, which fees will be payable in common
shares of Wealth.
All Wealth common shares issued in connection w ith the Option will be subject to a hold period
in Canada of 4 months and one day from the date of issuance.
Henk van Alphen, Wealth’s CEO commented, “Ori ginally Laguna Verde was targeted for its
surface brines, however, exploration results over the past 6 months have switched the Company’s
focus to a conventional lithium brine model. The recent geophysical su rvey results are very
encouraging. We believe the Project has good pote ntial for discovery of li thium brines at depth
and lateral to Laguna Verde and the Company looks forward to drill-testing priority geophysical
targets in Q3 2017.”
Management Changes
The Board of Directors of the Company and Lawrence Talbot have agreed that he will step down
as Vice-President and General Counsel of the Company. The Board and Management would like
to thank Mr. Talbot for his significant contribution to Wealth’s corporate development. The Board
Wealth Minerals Ltd. - 4 - June 5, 2017
NR17-13 – Continued
has named Jonathan Lotz as the Company’s new Corporate Counsel. Mr. Lotz is a member of the
Bars of British Columbia & New York and is a founding partner at the firm Lotz & Company,
which has a significant mining and securities law practice. Most recently, Mr. Lotz was a partner
at the national law firm of Heenan Blaikie LLP, where he headed the Vancouver mining and
securities law practice groups for the firm prior to its dissolution in early 2014. Additionally, the
Board would like to announ ce that Mr. Xiaohuan (Juan) Tang wi ll step down from his role as
COO, although he will remain a director of th e Company. The Company is also currently
increasing its management capacity in Chile to have professionals based in-country to best advance
its core lithium projects.
Qualified Person
Mr. Keith Henderson, PGeo, is a qualified person as defined by National Instrument 43-101.
Mr. Henderson and has reviewed the scientific and technical information that forms the basis of
this news release and has approved the disclosure herein. The geophysical surveys at the Laguna
Verde Project were undertaken by Southernrock Geophysics, Santiago, Chile. A total of 132
stations of 250m coincident loop TEM data and 108 stations of gravity data were acquired around
Laguna Verde. Data quality was good, within specifications, and commensurate with the
objectives of the survey. Data was processed according to standard methodologies. 1D inversion
modelling was used to generate compiled sections, plan maps, and 3D visualizations of the results
of the TEM survey, and Bouguer slab and 2D basin inversion models used to generate models for
the gravity dataset.
About Wealth Minerals Ltd.
Wealth is a mineral resource company with inte rests in Canada, Mexico, Peru and Chile. The
Company’s main focus is the acquisition of lith ium projects in South America. To date, the
Company has positioned itself to develop the Aguas Calientes Norte, Pujsa and Quisquiro Salars
in Chile (the Trinity Project), as well as to work alongside existing pr oducers in the prolific
Atacama Salar, in addition to its recently a nnounced Laguna Verde lithium project acquisition.
The Company continues to aggressively pursue ne w acquisitions in the re gion. 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. The Company also main tains and continues to
evaluate a portfolio of precious and base metal exploration-stage projects.
For further details on the Company, reader s 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]
Wealth Minerals Ltd. - 5 - June 5, 2017
NR17-13 – Continued
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-l ooking 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 st atements of historical fact,
included herein including, without limitation, statements regarding the anticipated content, commencement, timing
and cost of exploration programs in respect of the Laguna Verde Project and otherwise, anticipated results from the
exploration activities, the discovery and delineation of mi neral deposits/resources/res erves on the Laguna Verde
Project, the anticipated business plans and timing of future activities of the Company, the successful negotiation and
execution of a definitive option agreement for the Concessions and the Company’s expectation that it will be able to
enter into agreements to acquire interests in additional mineral properties, 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 forward-looking statements by th e Company are not guar antees of future
results or performance, and that actual results may differ ma terially from those in forw ard-looking statements as a
result of various factors, including, issues raised during the Company's due diligence on the Concessions and the
Laguna Verde Project, operating and technical difficulties in connection with mineral exploration and development
activities, actual results of exploratio n activities, the estimation or realiza tion of mineral reserves and mineral
resources, the timing and amount of estim ated future production, the costs of production, capital expenditures, the
costs and timing of the development of new deposits, requirements for additional capital, future prices of lithium and
precious metals, changes in general economic conditions, ch anges in the financial markets and in the demand and
market price for commodities, 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
necessary permits, consents or authorizations required, including TSX-V acceptance of any current or future property
acquisitions or financings and other planned activities, 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 Di scussion and Analysis and filed with certain securities
commissions in Canada. All of the Company’s Canadi an public disclosure filings may be accessed via
www.sedar.com and readers are urged to review these material s, including the technical reports filed with respect to
the Company’s mineral properties.
Readers are cautioned not to place undu e reliance on forward-lo oking 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.
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