Wealth Receives Positive Geophysical Results for the Vapor Lithium Brine Project, Northern Chile and 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
NR19-05 February 28, 2019
Wealth Receives Positive Geophysical Results for the
Vapor Lithium Brine Project, Northern Chile
and Provides Corporate Update
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Mi nerals Ltd.
(the “Company” or “Wealth”) - (TSXV: WML; OTCQX: WMLLF; SSE: WM LCL; Frankfurt:
EJZN), reports that it has received positive results from geoph ysical surveys conducted on and
around certain concessions in the Company’s Vapor project (the “Vapor Project”), located in the
Ollague Salar, and has identified high-priority drill targets f or 2019 (see press release dated
February 11, 2019).
“The extremely low resistivity signals at the Vapor Project rep resents an area of approximately
5,200 hectares. With this low signal extending down to at least 500 meters below surface, it appears
that Vapor is a project with high potential; an opinion strongly supported by drill results from other
explorers in the salar” stated Henk van Alphen, Wealth’s CEO.
Geophysical Survey Results
The Transient Electromagnetic (“TEM”) surveys (Figure 1) identi fied highly conductive zones,
which are interpreted to represent porous media with high-salin ity fluids (potentially lithium-
bearing brines) at depth. Multiple anomalies are identified wi thin the survey area with several
potential drill targets. On the basis of TEM data, Line 4 (Figure 2) represents the highest priority
target with the highest tenor conductivity (lowest resistivity) suggesting potentially greater
saturation and/or potentially higher salinity.
The survey was completed by Southernrock Geophysics S.A. and consisted of a total of 90 stations
of 250m coincident loop TEM sites located along 4 lines (Figure 1). Data was processed according
to standard methodologies and 1D inversion modelling was used t o generate compiled sections
and 3D visualizations. 1D inversion modelling has provided reas onably robust images of the
subsurface resistivity characteristics to around 500m depth fro m surface. A median resistivity of
2.2 Ωm throughout the modelled interval along all lines illustrates the very conductive subsurface
environment, often with a significant intervals of less than 1 Ωm.
Wealth Minerals Ltd. - 2 - February 28, 2019
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Figure 1: General location map, the Vapor TEM survey line locations shown on a satellite image
(GoogleEarth). The Vapor Property outline shown in blue, total 5,200 hectares. TEM survey lines
shown in red.
Figure 2: Vapor TEM survey, 1D smooth model inversion resistivity sectio ns. Line 4 (shown
above) was the best section of the survey.
Wealth Minerals Ltd. - 3 - February 28, 2019
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Project Background
The Vapor Project consists of 5,200 hectares located in northern Chile, Region II, near the Chile-
Bolivia border. Recent drilling activity by a peer company in t he area returned lithium grades up
to 480 Li mg/l and surface 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 ad jacent 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 i ndicative of mineral deposits on
Wealth’s mineral properties or position in the Ollague salar.
Atacama Payment
As announced on February 11, 2019, Wealth renegotiated the paym ent schedule for the Atacama
project as originally announced on November 23, 2016. The payme nt of USD 500,000 and the
issue of 5,000,000 common shares h as been completed. The next p ayment of USD 2,000,000 is
due March 31, 2019.
PDAC Conference
Wealth is participating in the PDAC 2019 conference to be held in Toronto, Ontario from March
3-6, 2019 at The Metro Toronto Convention Centre. Wealth Minerals will be in booth 3141 at the
Investors Exchange. Team members will be available to answer qu estions. Interested parties that
wish to schedule a meeting, or who would like more information regarding the conferences and
events noted above, please contact Michael Pound at (604) 638 3 665, or email
[email protected]. Corporate presentation and fact sheet information materials a re
available on the Company’s website at www.wealthminerals.com.
Qualified Person
Keith J. Henderson, P.Geo, a qualified person as defined by National Instrument 43-101 Standards
of Disclosure for Mineral Projects , has reviewed the scientific a nd technical information that
forms the basis for the technical disclosure in this news release. Mr. Henderson is not independent
of the Company as he is a share holder, a consultant to the Comp any and holds incentive stock
options of the Company.
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 and development of lith ium projects in South America.
To date, the Company has positioned itself to develop the Quisq uiro Salar in Chile (the Trinity
project), as well as to work alongside existing producers in th e prolific Atacama Salar, where the
Company has a substantial licenses package. The Company has also positioned itself to play a role
in asset consolidation in Chile with various lithium properties throughout the country.
Lithium market dynamics and a rapidly increasing metal price are the result of profound structural
issues with the industry meeting anticipated future demand. Wea lth 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.
Wealth Minerals Ltd. - 4 - February 28, 2019
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For further details on the Compa ny 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 Refo rm Act of 1995. All statements, other than statements of historical fact,
included herein including, without limitation, anticipated exploration program results from exploration activities on
the Vapor Project and the Company’s project generally, 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 and the antic ipated business plans and timing of future activities of the Company, are
forward-looking statements. Although the Company believes that such statem ents 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”, “estimat e”, “postulate” and similar expressions, or are
those, which, by their nature, refer to future events. In making the forward-look ing statements in this news release,
the Company has applied several material assumptions, including without limitation, that market fundamentals will
result in sustained lithium demand and prices, the receipt of any necessary permits, licenses and regulatory approvals
in connection with the future development of the Company’s Chilean lithium projects in a timely manner, the
availability of financing on suitable terms for the development, construction and continued operation of the Company
projects, and the Company’s ability to comply with environmental, health and safety laws.
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 timing 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 future financings, the fact that the Company’s interests in its mineral
properties (including the Vapor Project and the Atacama project) are options only and there is no guarantee that the
Company’s interests in same, if earned, will be certain, 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 necessary permits, consents, approvals or authorizations, including acceptance
by the TSX Venture Exchange required for the acquisition of additional mineral properties, 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.
Wealth Minerals Ltd. - 5 - February 28, 2019
NR19-05 – Continued
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.