Wealth Minerals Ltd.

Wealth Minerals Ltd.

September 08, 2008 19:56 ET

CORRECTION FROM SOURCE: Wealth Discovers Outcropping Uranium Mineralization on Its Macusani Project, Puno District, Southeast Peru

Radiante showing measures 70 metres by 80 metres with assays up to 2.57 lbs/ton U3O8 (0.109% uranium) Voluptuosa showing measures 300 metres by 500 metres with assays up to 0.78 lbs/ton U3O8 (0.033% uranium)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2008) - Wealth Minerals Ltd. (the "Company" or "Wealth") (TSX VENTURE:WML)(FRANKFURT:EJZ) is re-issuing NR08-09 in order to correct certain typographical errors in the conversion of certain pounds/ton numbers to % uranium for the Voluptuosa and two single sample results. Other than the correction of these % figures, the content of this news release is identical to that issued earlier today.

Wealth is pleased to announce final results from the initial exploration program on its 100%-owned Macusani properties in Puno district, southeast Peru.

Results from 35 prospecting samples confirm the discovery of two new uranium showings (Figure 1). Assays from 22 samples collected from the westernmost 'Radiante' showing averaged 0.35 lbs/ton U3O8 (0.015% uranium) and ranged from below the detection limits to a maximum value of 2.57 lbs/ton U3O8 (0.109% uranium). Uranium mineralization at the sub-cropping 'Voluptuosa' showing extends over a 300 metre by 500 metre area with 9 samples averaging 0.22 lbs/ton U3O8 (0.009% uranium) and ranging from below the detection limits to a maximum of 0.78 lbs/ton U3O8 (0.033% uranium). Two other single-sample occurrences returned values of 0.52 lbs/ton U3O8 (0.022% uranium) and 0.45 lbs/ton U3O8 (0.019% uranium). The two remaining samples were collected from the north-easternmost concession; one of which returned a value of 0.17 lbs/ton U3O8 (0.007% uranium) and the other was below the detection limits.

Uranium mineralization at the project is typical of the Macusani district, and occurs as veins and stockworks along structural zones and bedding surfaces.

An additional 36 prospecting samples targeted numerous occurrences of epithermal-style mineralization that are interpreted to be related spatially and temporally to the Corani silver-lead-zinc deposit located 5 kilometres to the northwest. The structurally-controlled veins and stockwork zones consist of quartz+stibnite+/-pyrite.

In light of these results the Company is presently planning additional fieldwork, which will include geological mapping, sampling, prospecting and ground radiometric surveying to define drill targets.

Macusani Project Overview

The Company's Macusani project is located approximately 30 kilometres west of its namesake town in the Puno district of southeastern Peru and is comprised of four contiguous blocks (6 concessions) totalling 3800 hectares (Figure 1).

(To view Figure 1 please click the following link: http://media3.marketwire.com/docs/wealth.pdf)

Historical work by the Peruvian Institute of Nuclear Energy (IPEN) and junior explorers has focused on delineating near-surface, potentially bulk mineable uranium resources hosted in volcanic rocks. The results of this work demonstrate the district's potential to host significant uranium resources and have also drawn major uranium producer Cameco Corporation to this emerging district.

In addition to the district's enormous uranium potential, three of the six concessions cover the south-western strike extensions of the Corani silver-lead-zinc property. The Corani property is owned by Bear Creek Mining Corporation, who report a measured and indicated resource containing 327.1 million ounces of silver, 3.97 billion pounds of lead and 2.46 billion pounds of zinc (as at November 16, 2007 with a $9.35/tonne NSR cutoff).

Qualified Person & QA/QC Controls

R. Scott Heffernan, M.Sc., P.Geol., Wealth's Vice-President Exploration, and a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release. Mr. Heffernan is not independent of Wealth by virtue of being an officer and a holder of incentive stock options.

Wealth's work programs are supervised by R. Scott Heffernan, P.Geol., Wealth's Vice-President Exploration, who is responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at each project rigorously collect and track samples which are then sealed and shipped to ALS Chemex (ALS) laboratory facilities in Lima, Peru for analysis. ALS's quality system complies with the requirements for the International Standard ISO 9001:2000. Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples. Quality control is further assured by the use of international and in-house standards.

Laboratory results are received in parts per million uranium. The conversion factor used to convert parts per million uranium to pounds per short ton U3O8 is 1.179, which was verified with the Saskatchewan Research Council (ppm uranium x 1.179 equals ppm U308; 10,000 ppm uranium equals 1% equals 20 lbs/ton uranium).

About Wealth Minerals Ltd.

Wealth is an early stage mineral exploration company with approximately 27.1 million shares issued and listings on the TSX Venture and Frankfurt Stock Exchanges. The Company's focus is the acquisition and exploration of prospective uranium properties, primarily in Argentina and Peru. In addition to ongoing work programs on its existing properties, it continues to actively evaluate new potential uranium projects in these and other countries.

For further details on the Company readers are referred to the Company's web site (www.wealthminerals.com) and Canadian regulatory filings on SEDAR at www.sedar.com.

On Behalf of the Board of Directors of WEALTH MINERALS LTD.

Henk Van Alphen, President & Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release, which has been prepared by management.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 27E of the Exchange Act. Such statements include, without limitation, statements regarding the timing, cost and nature of future exploration activities by the Company, future anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, and the potential size and nature of any uranium deposit at Macusani. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company's current management discussion and analysis for a more complete discussion of such risk factors and their potential effects.

This press release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. The Company advises US investors that the US Securities and Exchange Commission's mining guidelines strictly prohibit information of this type in documents filed with the SEC. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.

All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials in full.

This press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release, which has been prepared by management.

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