Mr. Hendrik van Alphen reports

WEALTH MINERALS ISSUES CLARIFYING NEWS RELEASE

Wealth Minerals Ltd. has made a correction to its news release of Sept. 25, 2025. The Sept. 25 news release announced, among other things, a non-brokered private placement offering of at least 41,666,666 units at a subscription price of 12 cents per unit for minimum gross proceeds of $5-million. Each unit consists of one common share and one-half of one common share purchase warrant. The company wishes to clarify that the exercise price of the warrants is 25 cents rather than 18 cents. The terms of the offering otherwise remain the same as disclosed in the Sept. 25 news release.

The company also provides the following supplemental disclosure to the announcement in the Sept. 25 news release regarding the entry into by the company of a binding letter agreement with an arm's-length private Chilean company (the target) to acquire an indirect 100-per-cent royalty-free interest in the Andacollo Oro gold project (AOG project), located in Chile.

The company advises that it determined the amount of consideration and number of shares to be issued to the target shareholders based on the extensive experience of its management in negotiating such transactions and arm's-length negotiations between Wealth's management and the target shareholders. Subsequently, the board of directors of Wealth has unanimously approved the transaction terms, and the number of consideration shares to be issued. The company believes that the additional consideration being paid to the target shareholders (of between approximately $10,828,125 and $16,429,256), over and above what the $30-million (U.S.) purchase price that target agreed to pay to acquire the AOG project, is reasonable and provides Wealth shareholders with significant upside given the potential of the AOG project, including:

• Historical estimate of 2.02 million ounces Au in the measured and indicated categories for 130 Mt (million tonnnes) at 0.48 Au gram per tonne;
• Historical estimate of 5.06 Moz Au in the inferred category for 358 Mt at 0.45 Au gram per tonne.

The consideration shares to be paid to the target shareholders may be subject to TSX Venture Exchange Tier 2 escrow requirements, in accordance with applicable TSX-V policies.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by Sergio Alvarado, PGeo (CIM No. 144815), an independent qualified person as defined by NI 43-101. Mr. Alvarado, principal geologist with GeoInvest SAC EIRL, has reviewed the technical information and consents to the form and content of this news release.

About Wealth Minerals Ltd.

Wealth is a mineral resource company with interests in Canada and Chile. The company's focus is the acquisition and development of lithium projects in South America. Presently the company is working to diversify its asset base to include precious metal projects.

The company opportunistically advances battery metal projects where it has a peer advantage in project selection and initial evaluation. 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. In parallel with lithium market dynamics, Wealth believes other battery metals will benefit from similar industry trends.

We seek Safe Harbor.