Wealth Signs Nondisclosure Agreement with the National Mining Company of Chile - ENAMI
#2710 – 200 Granville Street, Vancouver, British Columbia, Canada V6C 1S4
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR22-18 October 17, 2022
Wealth Signs Nondisclosure Agreement with the National Mining
Company of Chile - ENAMI
FOR IMMEDIATE RELEASE....Vancouver, British Columbia: Wealth Minerals Ltd. (the
“Company” or “Wealth”) - (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN),
announces it has entered into a corporate nondisclosure agreement (the “Agreement”) with the
fully state -owned National Mining Company of Chile (“ENAMI”), whereby the parties have
agreed to study hard data and development vectors of how to best cooperate to create a partnership
for the exploration, development and production of lithium in Chile.
Hendrik van Alphen, Wealth’s CEO, stated “We are very happy to work with ENAMI and continue
where we left off a few years ago with that organization. ENAMI has new management and we
are excited to associate with this dynamic team as they move forward to be a major player in the
Chilean lithium industry.” Mr. Van Alphen also said: “Wealth has a technology partner selected
(see press release of August 9, 2022) and is moving forward with a major Chilean mining partner.
ENAMI has extensive experien ce in successfully mining and processing resources in Chile, and
that know -how will be needed in developing Ollagüe and Atacama. Chile is a prime mining
jurisdiction, and all the pieces necessary for a successful lithium mining operation are being put in
place.”
About ENAMI
ENAMI was established in the 1960s as a state company tasked with promoting the Chilean mining
industry, by buying and processing the production of small and medium sized national mining
companies. ENAMI is one of two state-owned companies in Chile involved in the mining industry,
the other one being CODELCO. For further information, please see: www.enami.cl
About Wealth Minerals Ltd.
Wealth is a mineral resource company with interests in Canada 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
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.
Wealth Minerals Ltd. - 2 - October 17, 2022
NR22-18 – Continued
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, 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"Hendrik van Alphen"
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 statements and forward- looking information (collectively, “forward -
looking statements”) within the mean ing 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, which, 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 statements 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
Wealth Minerals Ltd. - 3 - October 17, 2022
NR22-18 – Continued
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.