Wealth Minerals Ltd. announced a maiden NI 43-101 resource estimate for its Ollagüe lithium project (the Project) in Chile. This resource estimate for lithium carbonate equivalent ("LCE") was prepared for Wealth by independent consultants Montgomery & Associates (Montgomery). The resource estimate is based on Wealth's geophysical survey and the 2022 drill program, which consisted of four vertical holes for a total of 1,111m in length.

Hole depths varied from 194m to 350m. All the holes encountered brine, with the top of the brine level at 150m to 200m below surface. All holes ended in brine.

The Montgomery resource estimate also includes drilling and geophysical data from previous operators on the Project. Highlights: Total indicated resources are 741,000 tonnes LCE grading 175 ml/L; Total inferred resources are 701,000 tonnes LCE grading 185 ml/L; Based on the results of exploration conducted by third parties and the recent drilling program completed by Wealth, four tentative hydrogeologic units were defined; These hydrogeologic units have medium to high permeability and are amenable for recovering brine to surface; It is anticipated that deeper drilling may encounter lithium brine in the deeper parts of the Project, adding to the overall resource given that the lithium-rich brine is located in the deeper part of the basin.