Wealth Minerals Ltd. announced a non-brokered private placement of up to 2,631,579 units at an issue price of CAD 0.38 per unit for gross proceeds of up to CAD 1,000,000.02 on December 16, 2022. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share in the capital of the company at an exercise price of CAD 0.48 per warrant share for a period of 24 months from the date of issuance.

The closing of the offering is subject to the approval of the TSX Venture Exchange.