Wealth Minerals Ltd.

Wealth Minerals Ltd.

September 18, 2008 09:15 ET

Wealth Discovers Outcropping Copper-Gold Porphyry and Uranium Systems on Its 100% Owned Pampa Coria Property, Northwest Argentina

Catena target reports up to 1.46% copper; 2.26 g/t gold; 5.7 oz/t (176.7 g/t) silver and 0.02% molybdenum Laborum target averages 0.52 lbs/ton U3O8 (0.022% uranium)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2008) - Wealth Minerals Ltd. (the "Company" or "Wealth") (TSX VENTURE:WML)(FRANKFURT:EJZ) is pleased to announce the results from the initial exploration work program at its Pampa Coria property in north-western Argentina.

Catena Target - Porphyry Copper-Gold

At the Catena target, 64 samples were collected from a northwest trend measuring approximately 7.5 kilometres by 2.5 kilometres. Results from these initial characterization samples returned values ranging from below detection limits to 1.46% copper, 2.26 g/t gold, 5.7 oz/t silver and 0.02% molybdenum, along with elevated lead and zinc (Figure 1). Several highlight results are tabulated below in table 1.

(To view Figure 1 please click the following link: http://media3.marketwire.com/docs/wml918.jpg)

Table 1: Select Results from the Catena Target

Copper Gold Silver Molybdenum Lead Zinc
Sample Number (%) (g/t) (oz/t) (ppm) (ppm) (ppm)
500123 1.03 0.04 1.6 33 426 114
500126 1.20 0.03 4.0 7 242 86
500131 0.05 2.26 0.3 71 473 86
502576 b.d. 1.85 5.7 39 b.d. b.d.
502581 b.d. 0.11 2.9 36 6524 3262
502597 b.d. b.d. 0.47 113 829 160
785RLA0321 1.10 0.01 0.1 194 164 274
785RLA0327 1.13 b.d. 0.2 13 198 223
785RLA0329 1.46 b.d. 1.2 17 205 143
785RLA0330 0.73 b.d. 1.1 3 170 93
b.d. equals below detection

The copper-gold-silver-molybdenum mineralization at Catena is interpreted to be similar in nature and age to Lumina Copper Corp.'s Taca Taca project located approximately 30 kilometres to the southwest.

Mineralization, hosted in a variety of granitic rocks, consists of both primary (bornite, tetrahedrite(?), chalcopyrite) and secondary (chalcocite, malachite, cuprite, azurite, tenorite, chyrsocolla) supergene mineralization, of which the latter is prevalent. Future work will attempt to determine the full extent and nature of this potential bulk tonnage target.

Laborum Target - Uranium

A total of 70 samples collected from an area measuring approximately 7 kilometres north-south by 3 kilometres east-west averaged 0.52 lbs/ton U3O8 (0.022% uranium), ranging from below detection (10 ppm uranium) to a high of 1.72 lbs/ton U3O8 (0.073% uranium) (Figure 1).

Uranium mineralization on the property is hosted in calcic exhalative/evaporative rocks, similar to that described on the Company's Vientos property (see NR08-08), and follow a NE-SW trend which is thought to represent a paleo-drainage or buried structure that focused uranium-bearing fluid flow.

Pampa Coria Property, North-western Argentina - Background

The Pampa Coria property is located approximately 250 kilometres west of Salta City, Salta Province, northwest Argentina and approximately 30 kilometres to the north of Lumina Copper Corp.'s Taca Taca project. The property is comprised of 3 exploration concessions (cateos) totalling 27,911 hectares owned 100% by the Company.

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 Alex Stewart Assayers Argentina S.A. (ASA) laboratory facilities in Mendoza, Argentina for analysis. ASA'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. Finally, representative blind blank and duplicate samples are forwarded to ASA for additional quality control.

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 U3O8; 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

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 and/or precious and/or base metal deposit at Pampa Coria. 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 most recent 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 www.sec.gov and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

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.

Contact Information