Mr. Hendrik van Alphen reports

WEALTH MINERALS PROVIDES CORPORATE UPDATE

Wealth Minerals Ltd. has provided a corporate update.

Chief executive officer statement

Henk van Alphen, CEO of Wealth Minerals, said: "The lithium landscape globally and in Chile is rapidly advancing due to higher lithium prices and a positive regulatory stance within Chile. The Wealth team has been busy as new interest from potential strategic partners in our assets is picking up. The appointment of a new director and a new legal team is directly tied to the corporate development plans of the company. All together, these milestones reinforce our long-term commitment to Chile and to the responsible development of strategic lithium resources."

General corporate update

Wealth maintains continuing engagement with local indigenous communities in several project areas, with a focus on transparency and long-term collaboration. The company's Kuska project development subsidiary Kuska Minerals SpA (see press release of July 14, 2025) is operating smoothly with regular board of directors meetings with representatives from Wealth and the Quechua indigenous community of Ollague attending to manage the affairs of the Kuska project. Regarding the Kuska project, the company is also expecting to engage in a special lithium operation contract with the State of Chile, which would grant Kuska Minerals full rights to further developing such project into an operation.

Wealth is actively evaluating potential strategic partnerships for its projects, including discussions with international counterparties regarding capital investment, technical collaboration and long-term offtake agreements.

The company continues to prioritize the use of direct lithium extraction technologies combined with brine reinjection, aiming to minimize environmental impact and water consumption. Management has maintained key relationships with technology providers which were instrumental in the development of the Kuska project preliminary economic assessment (see press release of Jan. 4, 2024).

Appointment of new director Kevin Nishi

The company has appointed Mr. Nishi, former audit partner at Smythe LLP for 28 years, as an independent director. During his tenure at Smythe, his main focus was the audit of public companies listed on the Toronto Stock Exchange and on the TSX Venture Exchange and in the United States. During that time, he was also the engagement partner for several private companies and, in his early career, conducted several business valuations and completed litigation support engagements. Mr. Nishi currently sits on two public company boards, Alaska Silver Corp. and Outcrop Silver & Gold Inc., and has held independent board positions with several other Canadian issuers over the years. Mr. Nishi is a chartered professional accountant and has a BBA from Simon Fraser University.

Engagement of new corporate counsel

The company has engaged DLA Piper as its new corporate counsel. DLA Piper is one of the world's largest and most prominent global law firms with more than 90 offices in over 40 countries spanning the Americas, Europe, Asia Pacific, the Middle East and Africa. The firm employs approximately 4,800 lawyers and generates multibillion-dollar annual revenue (ranking among the top-three highest-grossing law firms globally in 2024). David Reid of DLA Piper will represent the company. Mr. Reid is a senior partner at DLA Piper (Canada) LLP, based in the Vancouver office, where he serves as global co-chair of the firm's mining sector, providing strategic advice on large-scale national and international transactions in the mining and natural resource industries.

Stock option grant

Pursuant to the company's amended 2004 incentive stock option plan, the company has granted incentive stock options to directors, officers, employees and consultants of the company to purchase up to 11.7 million common shares in the capital stock of the company. The options are exercisable on or before April 10, 2028, at a price of 10 cents per share.

Private placement clarification

Pursuant to the company's news releases dated Jan. 12, Jan. 26, Feb. 3 and Feb. 25, the company wishes to clarify the terms of the finders' warrants, whereby all finders' warrants issued pursuant to the financing are non-transferable at an exercise price of 12 cents and expire two years from closing.

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.

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.