Wealth Minerals closes $750,000 placement

Wealth Minerals Ltd (2) (C:WML) 
Friday February 27 2015 - News Release

Mr. Hendrik van Alphen reports

WEALTH CLOSES $750,000 NON-BROKERED PRIVATE PLACEMENT

Wealth Minerals Ltd. has closed its non-brokered part and parcel private placement announced on Feb. 2, 2015.

The Company sold 7,500,000 common shares ("Shares") at a price of $0.10 per Share for aggregate gross proceeds of $750,000. The Shares are all subject to a hold period in Canada until June 27, 2015.The Company paid finder's fees, consisting of $7,700 in cash and 95,550 common shares issued at a deemed price of $0.10 per share to Haywood Securities Inc., and $10,700 in cash to Canaccord Genuity Corp., in connection with the Offering.. The net proceeds from the Offering are intended to be used to fund the costs related to the negotiation and obtaining of TSXV acceptance of the January 30, 2015 option agreement ("Agreement") between the Company and Balmoral with respect to the N1/N2 Gold Project, Quebec ("Property"), to fund the first year's expenditure commitment on the Property under the Agreement of $400,000, to pay a portion of the outstanding interest on certain loans originally made to the Company in 2011 and for general working capital purposes during 2015.

The Company also received TSXV acceptance for the Agreement on February 25, 2015 and has therefore issued the initial 1,000,000 common shares due to Balmoral upon TSXV acceptance. These shares are also subject to a hold period in Canada until June 27, 2015.The Company is currently involved in the review and evaluation of a number of mineral projects in both Canada and South America for possible acquisition. However, no agreements with respect to the acquisition of any mineral projects has yet been entered into, and there can be no assurance that the Company will, in fact, be successful in entering into any such agreements or acquiring interests in any additional mineral properties.

We seek Safe Harbor.

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