Wealth Minerals Ltd. (the 'Company' or 'Wealth Minerals') entered into a cooperation and development agreement with thyssenkrupp Mining Technologies GmbH ('thyssenkrupp Mining Technologies'), whereby Wealth Minerals and thyssenkrupp Mining Technologies have formed a strategic partnership (the "Strategic Partnership") for the development of the Company's Ollagüe Salar Lithium exploration project (the "Project" or the "Ollagüe Project"), located in northern Chile. Under the Strategic Partnership, Wealth Minerals and thyssenkrupp Mining Technologies will collaborate to: Identify, evaluate and select the most beneficial and environmentally sustainable processing technology for lithium extraction and purification treatment for the Ollagüe Project, Develop the Ollagüe Project from the exploration stage through to commercial scale production capacity of high-purity lithium products, and Define new standards in green mining and foster the involvement of local communities in Chile. The long-term goal of this Strategic Partnership is to collaborate toward the advancement of the Project along its development stages and, if warranted, progress the Project to production.

The first stage of the Strategic Partnership will entail the identification, evaluation and selection of technology for lithium extraction and purification for the Project. The development of the preliminary flowsheet and layouts, including brine testing and the set-up of a pilot plant, will complete the first stage of the Strategic Partnership. Each stage of the Strategic Partnership is designed to adhere to the higher ESG standards and focuses on cooperation with local communities.

The end goal of the Strategic Partnership is to establish the Project as a leading benchmark of green mining in lithium brine resource development.