Wealth Minerals corrects warrant exercise price

Executive Summary

• Wealth Minerals corrects the warrant exercise price for its non‑brokered private placement (12¢ per unit, each unit = 1 common share + ½ warrant) from 18¢ to 25¢.
• The company discloses additional consideration for acquiring a 100 % royalty‑free interest in Chile’s Andacollo Oro gold project, with total equity compensation estimated between $10.8 M and $16.4 M on top of the agreed US$30 M purchase price.
• Historical resource estimates for the AOG project are 2.02 Moz Au (measured & indicated) and 5.06 Moz Au (inferred), underscoring significant upside for shareholders.

Key Details

• Private Placement Correction
• Minimum of 41,666,666 units at $0.12 per unit → minimum gross proceeds of $5 M.
• Each unit: 1 common share + ½ warrant.
• Warrant exercise price corrected to $0.25 (previously stated as $0.18).
• Acquisition of Andacollo Oro Project
• Binding letter agreement with an arm‑length private Chilean company for a 100 % royalty‑free interest in the AOG project.
• Purchase price: US$30 M payable to target shareholders.
• Additional equity consideration (shares) valued between $10,828,125 and $16,429,256, subject to TSX‑V Tier 2 escrow requirements.
• Resource Estimates for AOG Project
• Measured & Indicated: 2.02 Moz Au contained in 130 Mt at 0.48 g/t Au.
• Inferred: 5.06 Moz Au contained in 358 Mt at 0.45 g/t Au.
• Board Approval
• Wealth’s board unanimously approved the transaction terms and the number of consideration shares to be issued.
• Qualified Person
• Technical information reviewed and approved by Sergio Alvarado, P.Geo (CIM No. 144815), independent qualified person under NI 43‑101.

Notable Quotes

(No direct CEO/President quotes were provided in the release.)