Wealth Minerals Ltd. announced it has via claim acquired 2,500 ha of new license area adjacent to the Kuska Project in the Ollague Salar in Chile. Although to date these new licenses have not been investigated for lithium, lithium brine resource methodology puts this new ground within statistically relevant distance to existing drill and data points. This new ground is not included in the resource estimate of the Kuska Project Preliminary Economic Assessment ("PEA").

This new ground is not include in the resource estimate of the Kushka Project Preliminary Economic Assessment (PEA) for the drill holes OC-01 and OC-04, where the 3.5 km boundary closest to the well was used to estimate an Indicated resource, while the area between the 3.5 km boundary and a second 5 km boundary was used as the areal extent to estimate an Inferred resource. Kuska Project. The Kuska Project is located in the Ollag Salar, Antofogasta region, and is 100%, royalty-free owned by Wealth Minerals.

The maiden resource report published by Wealth Minerals Ltd. estimates 741,000 tons Lithium Carbonate Equivalent ("LCE") indicated resources grading 175 mg/L (plus 701,000 tons LCE inferred resources grading 185 mg/L) with an average indicated lithium grade of 175mg/l. On January 4, 2024, Wealth announced the key highlights of a PEA produced by DRA Global Limited. The PEA describes the Kuska Project development towards a 20,000 metric tpa LCE output and an anticipated Life of Mine ("LOM") of 20 years. The Kuska Project in the PEA demonstrates a Pre-tax NPV10% of USD 1.65 bn and a 33% IRR.

The PEA was filed on SEDARPlus on February 16, 2024.