Wealth Minerals Ltd. (TSXV:WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZ), announces that today it has closed the non-brokered private placement of 3.6 million common shares previously announced on March 30, 2017 (the “Placement”), which Placement was oversubscribed due to investor demand. In connection with the Placement, the Company issued a total of 3,625,825 common shares at a price of $1.35 per share for gross proceeds of $4,894,863.74. All shares issued by the Company will have a four-month hold period in Canada ending on August 8, 2017. In addition, 46,903 common shares and a total of $102,466.45 in cash will be paid in finder’s fees to Eurojet Capital Corp. and Canaccord Genuity Corp.