Mr. Hendrik van Alphen of Wealth reports

WEALTH EXECUTES SHARE PURCHASE AGREEMENT WITH CORONET METALS INC. TO ACQUIRE THE ADVANCED-STAGE YANAMINA GOLD PROPERTY, WEST-CENTRAL PERU

Wealth Minerals Ltd. has entered into a formal share purchase agreement with Coronet Metals Inc. to purchase Coronet Metals Peru SAC (Coronet Peru), thereby acquiring Coronet Peru's advanced-stage Yanamina gold property. Yanamina consists of five mining concessions located in the department of Ancash, Peru.

Acquisition details

Pursuant to the May 21, 2015, share purchase agreement between Wealth and Coronet, Wealth will acquire Yanamina through the acquisition of Coronet's Peruvian subsidiary, Coronet Peru, in consideration of Wealth issuing one million shares to Coronet. Closing of the transaction is subject to TSX Venture Exchange acceptance for filing of the transaction on behalf of Wealth and Coronet (if required), and other usual closing conditions, and the closing date will be five business days following such conditions being met but not later than June 30, 2015. The Wealth shares will be issued to Coronet in two tranches, being 750,000 shares on the closing date and 250,000 shares six months following.

In addition, Wealth will assume responsibility for Coronet Peru's outstanding debt in an amount of no more than $81,000 (U.S.), as well as Coronet's obligations with respect to certain potential future share issuances and payments to Migme Ltd. (formerly Latin Gold Ltd.) (LGL) and its subsidiary, Westmag Resources Ltd. (WRL), the former owner of Yanamina (including a 1-per-cent gross revenue royalty payable to WRL on all gold produced in excess of 200,000 ounces) relating to Coronet's purchase of Coronet Peru from LGL and WRL in 2011. Production from Yanamina is also subject to a 2-per-cent net-smelter-return royalty in favour of Franco-Nevada Corp., which can be purchased outright at any time prior to the commencement of construction for $200,000 (U.S.) cash.

Additional project details are included in the company's previous news release dated April 1, 2015, which can be reviewed on the company's website. The company has commissioned a new National Instrument 43-101 technical report on Yanamina, which it anticipates will be completed prior to the closing date.

We seek Safe Harbor.