Mr. Hendrik van Alphen reports

WEALTH ANNOUNCES USD 15 MILLION PRIVATE PLACEMENT AND INITIAL APPLICATION TO OSLO STOCK EXCHANGE

Wealth Minerals Ltd. has arranged a private placement of common shares of the company for gross proceeds of up to $15-million (U.S.) at the price of $1.50 per share.

The placement will consist of a brokered portion in the amount of up to $10-million (U.S.) and a non-brokered portion in the amount of up to $5-million (U.S.). Advisory fees and/or finders' fees will be payable on the placement. Wealth has formed a consortium of Norwegian investment banks to conduct the brokered portion of the placement.

All shares issued in the placement will have a hold period in Canada of four months from the closing of the placement. All shares issued in the non-brokered portion of the placement are expected to be listed on the Oslo OTC or Merkur Market operated by the Oslo Stock Exchange.

The completion of the placement is subject to the customary conditions, including, receipt of the requisite corporate and regulatory approvals, completion of due diligence by the agents in connection with the brokered portion of the placement, and acceptance for filing of the placement by the TSX Venture Exchange.

The net proceeds from the placement are intended to finance the lithium exploration program that will be conducted on the company's lithium properties, the review and assessment of additional potential lithium mineral property acquisitions in South America, and general and administrative expenses, and working capital.

Application to Oslo Stock Exchange

Wealth also announces that it has filed preliminary listing documents with the Oslo Stock Exchange for a proposed dual listing of its common shares on Oslo Axess, a regulated market (within the meaning of the European Union directive on markets) in Oslo, Norway. The company expects that the Oslo listing process will be completed during the second half of 2017.

When determining whether to make an application to the Oslo Stock Exchange, the company considered that the Oslo Stock Exchange is energy and natural resources focused, with Norway at the forefront of the clean energy industry and a world leader in electric vehicle adoption. Notably, in 2016, 29 per cent of new passenger cars registered in Norway were electrically chargeable vehicles and 11.2 per cent of new passenger cars were hybrid electric vehicles (source: European Automotive Manufacturers Association). The energy sector, including oil- and gas-related businesses, accounts for around one-third of the total market capitalisation of the Oslo market, which includes the Oslo Bors and the Merkur Market.

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 South America. To date, the company has positioned itself to develop the Aguas Calientes Norte, Pujsa and Quisquiro salars in Chile (the Trinity project), as well as to work alongside existing producers in the prolific Atacama salar, in addition to the Laguna Verde lithium project acquisition.

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