Wealth Minerals Ltd.

WML - TSX.V $1.64

Pujsa

The Pujsa Lithium Project is located in the Salar de Pujsa, Region II, northern Chile.

Exploration concessions at the Salar de Pujsa cover approximately 16km 2, subject to an executed Letter of Intent (the “LOI”) to enter into an option agreement giving it the right to acquire a 100% royalty-free interest from the underlying owners.

Chile’s Sernageomin (Servicio Nacional de Geologia y Minera) published a list of 15 high-potential Chilean Salars, which includes the Salar de Pujsa. Independent analysis published by signumBOX, a lithium industry consultancy, suggests an expected lithium concentration of 220 mg/l to 620 mg/l (June 2015). Wealth has not yet done any sampling at the Property to validate these levels of lithium concentration.

The non-producing salars in Chile have had limited exploration work completed and most of them are yet to be systematically explored. Exploration will be required so that any potential resources can be identified and fully evaluated and quantified. Accordingly, the initial program to be carried out by the Company at the Property will consist of a program of prospecting and sampling to determine the existence, nature, extent and distribution of lithium at the Property.

Date Payment
Upon signing USD 200,000
December 13, 2017 USD 50,000
June 13, 2018 USD 750,000
June 13, 2019 USD 800,000
June 13, 2020 USD 850,000

The Pujsa exploration concessions are located 83km from the town of San Pedro de Atacama. Access to the Property is via Route 27, a highway located to the north of the claim block, and then south by gravel road to the Property.