Wealth Announces USD 15 Million Private Placement and Initial Application to Oslo Stock Exchange


FOR IMMEDIATE RELEASE….Vancouver, British Columbia: Wealth Minerals Ltd. (the “Company” or “Wealth”) – (TSXV: WML; OTCQB: WMLLF; SSE: WMLCL; Frankfurt: EJZN), announces a private placement of common shares of the Company (the “Shares”) for gross proceeds of up to USD 15 million (the “Placement”) at the price of CAD 1.50 per Share.

The Placement will consist of a brokered portion in the amount of up to USD 10 million and a non-brokered portion in the amount of up to USD 5 million. Advisory fees and/or finder’s 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.

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