Wealth Revises Atacama Options Terms

Suite 2710 – 200 Granville Street, Vancouver, BC Canada V6C 1S4

Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com

NR21-05 April 8, 2021

WEALTH REVISES ATACAMA OPTIONS TERMS

FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Mi nerals Ltd. (the

“Company” or “Wealth”) - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN),

reports that it has renegotiated the terms of an acceptance of an option agreement to purchase

mining claims made as of April 1, 2019 for the purchase of the Atacama Project, located in

Region II, Chile, whereby, subject to acceptance for filing by the TSX Venture Exchange, the

USD $1,250,000 cash payment payable to the vendor of the Atacam a Project will be settled

through the issuance of 9,428,199 common shares of the Company at a deemed issuance price of

$0.17 per share (the "Consideration Shares"). No further payme nts will be required by the

Company with respect to the acquisition of the Atacama Project.

The Consideration Shares will be subject to a four month and a day hold period in Canada.

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 lithium projects in South America.

The Company opportunistically advances battery metal projects, namely copper and nickel, 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. Wea lth 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 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]

Wealth Minerals Ltd. - 2 - April 8, 2021

NR21-04 – Continued

LC286672-1

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, statements with respect to 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: “believes”, “expects”, “ anticipates”, “intends”, “estimates”,

“plans”, “may”, “should”, “would”, “w ill”, “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, , that market fundamentals will result in sustained lithium,

vanadium, copper and precious metals demand and pri ces, the receipt of any necessary permits, licenses and

regulatory approvals in connection with the future development of the Com pany’s projects in a timely manner, the

availability of financing on suitable terms for the development, construction and continued operation of the

Company’s projects and the Company’s 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 or implied by the forward-looking information. Such risks and other factors include,

among others, operating and technical difficulties in connection with mineral exploration and development activities,

actual results of exploration activities, the timing and amount of estimated future production, the costs of production,

capital expenditures, the cost s and timing of the development of new de posits, requirements fo r additional capital,

future prices of lithium and copper, risks relating to epidemics or pandemics such as COVID-19, including the impact

of COVID-19 on the Company’s business, financial condition and results of operations, 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 future financings, 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 TSXV, 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 Managements’ Discussion and Analysis

and filed with the Canadian Securities Authorities. 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.