Wealth Minerals Ltd. (TSX-V: WML) (OTCQB: WMLLF) (SSE: WMLCL) (FSE: EJZN) reports, pursuant to its news releases dated June 21, 2021, May 25, 2021, June 11, 2021 and July 15, 2021, that it has closed a fourth and final tranche of the Placement. On July 30, 2021 the Company issued an additional 3,100,000 units for gross proceeds of $930,000. Each unit consists of one common share of the Company at $0.30 and one-half of one common share purchase warrant. Each whole Warrant entitles the holder to acquire one additional share of the Company for a period of two years from the date of issuance at a price of $0.45 per share.

The aggregate total shares issued pursuant to the financing in all tranches was 10,120,000 units for gross proceeds of $3,036,000.

Finder’s fees associated with a portion of the final tranche close were paid to PI Financial Corp. representing $21,000 cash and 70,000 finder’s warrants. The finder’s warrants have the same terms as the subscribers however they are non-transferable.

All securities issued in the Placement are subject to a four-month hold period, during which time the securities may not be traded.

The net proceeds from the Offering are intended for general corporate purposes.

This press release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the foregoing securities have been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”) or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests in Canada, Mexico and Chile. The Company’s main focus is the acquisition and development of lithium projects in South America. To date, the Company has positioned itself to work alongside existing producers in the prolific Atacama salar, where the Company has a substantial licenses package.

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. The Company also maintains and continues to evaluate a portfolio of precious and base metal exploration-stage projects.