Wealth Minerals Issues Clarifying News Release

Core Viewpoint - Wealth Minerals Ltd. announced a correction to its previous news release regarding a private placement offering and provided additional details about a transaction to acquire a royalty-free interest in the Andacollo Oro Gold Project in Chile [1][2]. Group 1: Private Placement Offering - The company is conducting a non-brokered private placement offering of at least 41,666,666 units at a subscription price of $0.12 per unit, aiming for minimum gross proceeds of $5,000,000 [1]. - Each unit consists of one common share and one-half of a common share purchase warrant, with the exercise price of the warrants corrected to $0.25 [1]. Group 2: Acquisition of Andacollo Oro Gold Project - Wealth Minerals entered into a binding letter agreement to acquire an indirect 100% royalty-free interest in the Andacollo Oro Gold Project located in Chile [2]. - The board of directors unanimously approved the transaction terms, with additional consideration to be paid to the target shareholders estimated between approximately $10,828,125 and $16,429,256, on top of a USD $30 million purchase price [3]. Group 3: Company Overview - Wealth Minerals Ltd. is focused on acquiring and developing lithium projects in South America while diversifying its asset base to include precious metal projects [6]. - The company is strategically positioned to benefit from the anticipated future demand for battery metals, including lithium, due to structural issues in the industry [7].