Wealth Transitions from Acquisitions to Development Commences Drilling at Laguna Verde Completes Atacama and Trinity Geophysical Surveys
Suite 2300 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3
Tel 604.331.0096 Fax 604.408.7499 www.wealthminerals.com
NR17-21 December 8, 2017
Wealth Transitions from Acquisitions to Development
Commences Drilling at Laguna Verde
Completes Atacama and Trinity Geophysical Surveys
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 commenced drilling at the Laguna Verde lithium project, in Region III (Atacama),
northern Chile (the “Laguna Verde Project”). Drilling at Laguna Verde is part of a more extensive
evaluation program which is ongoing at Laguna Verde, Atacama and Trinity projects.
“At the beginning of this year, Wealth was named Number 3 in th e 2017 TSX Venture 50 ®, a
ranking of the top ten performers on the TSX Venture. This was a great honour for the Company
and helped to set the tone for a successful year in which acquisitions at the Five Salars and Seven
Salars projects solidified our position as the largest single h older of lithium brine properties in
Chile.” stated Henk van Alphen, Wealth’s CEO.
Mr. van Alphen continued, “During the latter part of 2017, Weal th’s focus has shifted from
acquisitions to development with work programs under way at the Atacama, Trinity and Laguna
Verde projects. At Laguna Verde, we announced receipt of posit ive geophysical data in Q3 and
the resulting drill targets are currently being drill tested with results expected in Q1 2018. At the
Atacama and Trinity projects, extensive geophysical surveys hav e been completed and the
Company is expecting to receive results imminently.”
Laguna Verde Drilling
The Company previously completed Transient Electromagnetic (“TE M”) and Gravity surveys at
Laguna Verde, the results of which were positive, prompting the Company to acquire an additional
6,300 hectares of property at Laguna Verde for a total of 8,700 hectares. The geophysical data
defined shallow drill targets where potentially lithium-bearing brines are interpreted to exist at
200-300m from surface (Figure 1). More recently, the Company received positive results from a
Tenova Advanced Technologies (“Tenova”) processing study, which succeeded in producing a
Li₂SO₄ solution with purity greater than 99.9% (previous news release NR17-20 dated November
16, 2017)
The Company has initiated drilling at Laguna Verde to begin dri ll testing geophysical anomalies
(Figure 2). Initial drill holes are each planned to reach approximately 300m depth. The primary
objective of the program is to collect groundwater / brine samples at 50m intervals, which will be
analyzed to determine lithium content.
Wealth Minerals Ltd. - 2 - December 8, 2017
NR17-21 – Continued
Figure 1: Drill targets arising from geophysical data collection at Laguna Verde (previous news release NR17-13)
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.
Figure 2: Laguna Verde Lithium Project land position showing the location of the initial drill holes (yellow circles)
relative to the original Laguna Verde property (blue outline), the 2017 property additions (green outline), and the
2017 TEM geophysical lines (red line).
Atacama and Trinity Geophysical Surveys
Geophysical surveys have been ongoing at the Atacama and Trinit y projects since October 2017.
The objective of the surveys is to delineate drill targets as was done at Laguna Verde earlier in the
2km
Wealth Minerals Ltd. - 3 - December 8, 2017
NR17-21 – Continued
year. It is anticipated that results will be available before year-end and that drill testing will be
completed in Q1 2018.
Qualified Person
Mr. Keith Henderson, PGeo, is a qualified person as defined by National Instrument 43-101.
Mr. Henderson and has reviewed t he scientific and technical inf ormation that forms the basis of
this news release and has approved the disclosure herein. Mr. Henderson is not independent 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 of lithium projects in Chile. To date, the Company has
acquired interests at the Trinity project, Laguna Verde, the Fi ve Salars project, and the Seven
Salars project, as well as the prolific Atacama Salar, where th e Company has acquired land
alongside existing lithium producers.
Almost 40% of global lithium production is sourced from the Salar de Atacama. Atacama’s brines
contain high grade lithium ( 1,840mg/l) and potassium (22,630mg/ l). production in the salar is
from property held by CORFO (the Chilean Economic Development A gency) which it to both
Sociedad Quimica y Minera (SQM) and Albermarle's Rockwood Lithium Corporation. Together
these two companies have combined production of over 62,000 ton nes of Lithium Carbonate
Equivalent (LCE) annually making up 100% of Chile's current lithium output.
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.
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.
Wealth Minerals Ltd. - 4 - December 8, 2017
NR17-21 – Continued
Cautionary Note Regarding Forward-Looking Statements
This news release contains forwa rd-looking statements and forwa rd-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 regar ding the anticipated conte nt, 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 minera l deposits/resources/reser ves 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 stateme nts by the Company are not guarantees of future
results or performance, and that actual results may differ mate rially from those in forward-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 c onnection with mineral exploration and development
activities, actual results of exploration activities, the estim ation 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 and
precious metals, changes in general economic conditions, change s 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 develop ment or construction activities, changes in laws,
regulations and policies affecting mining operations, title dis putes, 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 ti ming and possible outcome of any pending litigation,
environmental issues and liabilities, and risks related to join t 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 di sclosure 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 pl ace undue reliance on forward-lo oking statements. The Company undertakes no
obligation to update any of the forward-looking statements in t his news release or incorporated by reference herein,
except as otherwise required by law.
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