Mr. Hendrik van Alphen reports

WEALTH ARRANGES LOAN EXTENSIONS

Wealth Minerals Ltd., subject to TSX Venture Exchange acceptance and pursuant to news releases dated Feb. 11, 2019, March 6, 2019, March 29, 2019, and July 15, 2019, has agreed to amend the terms of certain loan agreements entered into with one of its lenders, KF Business Ventures LP, in February and March, 2019, in the aggregate principal amount of $1.3-million. Pursuant to the loan amendments, the term of the prior loans will be extended by 12 months and will bear interest at a rate of 8 per cent per annum compounded annually, payable on the maturity date.

In connection with the loan amendments, the company has agreed, subject to TSX-V acceptance for filing, to issue in aggregate 5,306,112 non-transferable bonus common share purchase warrants to the lender. Each bonus warrant will entitle the holder to purchase one common share in the capital of the company at an exercise price of 24.5 cents per share for a period of 12 months. All securities issued pursuant to the loan amendments will be subject to a hold period of four months and one day in Canada from the date of issuance.

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 and development of lithium projects in South America. To date, the company has positioned itself to develop the Atacama project alongside existing producers in the prolific Atacama region, where the company has a substantial licences package. The company has also positioned itself to play a role in asset consolidation in Chile with various lithium properties throughout the country.

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.

We seek Safe Harbor.