Mr. Hendrik van Alphen reports

WEALTH MINERALS ANNOUNCES PRIVATE PLACEMENT

Wealth Minerals Ltd. has arranged a non-brokered private placement offering of up to 12,500,000 units in the capital of the company at a subscription price of eight cents per unit for gross proceeds of up to $1-million. Each unit consists of one common share and one-half of one common share purchase warrant, each whole warrant entitles the holder thereof to purchase one common share in the capital of the company at an exercise price of 12 cents per warrant share for a period of 24 months.

Insiders may participate and finders' fees may be payable to qualified finders. All securities issued in the offering are subject to a four-month hold period, during which time the securities may not be traded. Closing of the offering is subject to the approval of the TSX Venture Exchange.

Proceeds of the offering are expected to be to advance the CEOL process and for general working capital.

Hendrik van Alphen, chief executive officer, states, "Now that the company's CEOL application has been accepted, and as we move to complete the CEOL contract, this greatly enhances shareholder value."

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests in Canada and Chile. The company's focus is the acquisition and development of lithium projects in South America. Presently the company is working to diversify its asset base to include precious metal projects.

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.

We seek Safe Harbor.