Wealth Minerals Closes $1,150,000 Loan

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/09/11 -- Wealth Minerals Ltd. (the 'Company' or 'Wealth') (TSX VENTURE: WML)(OTCQX: WMLFF)(FRANKFURT: EJZ) announces that it has closed the loans in the aggregate amount of $1,150,000 (see news release dated July 22, 2011) from a number of individual lenders including three (3) directors of the Company.

The loans each have a term of one year from the date of the advance of funds, are unsecured and bear interest at a rate of 5% per annum. Interest is payable upon repayment of the loan. As a bonus for making the loans, each lender received, at the election of the lender, either common shares of the Company having a value equal to 20% of the principal loan amount utilizing, for such calculation, a value per common share of $0.45, or common share purchase warrants to purchase such number of common shares of the Company as is equal to 40% of the loan principal utilizing, for such calculation, a price of $0.45. The bonus warrants are exercisable at a price of $0.50 per share for a period of one year from the advance of the loan. The Company issued 466,661 bonus shares and 88,888 bonus warrants in connection with the loans. The securities issued are subject to a four month hold period under applicable securities laws in Canada.

The TSX Venture Exchange accepted the filing on October 20, 2011.

The loan proceeds will be used to continue the Company's ongoing drilling program at its Rodeo de los Molles Rare Earth Element Property in Argentina and for working capital.

None of the foregoing securities have been, nor will they be, registered under the U.S. Securities Act of 1933, as amended (the '1933 Act') or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the foregoing securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Wealth Minerals Ltd.

Wealth is an early stage mineral exploration company with approximately 50.73 million shares issued and listings on the TSX Venture, OTCQX and Frankfurt Stock Exchanges. The Company's focus is on the acquisition and exploration of prospective rare-earth element and uranium properties, primarily in Argentina. In addition to ongoing work programs on existing properties, it continues to actively evaluate new potential rare earth and 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 its Canadian regulatory filings on SEDAR at www.sedar.com.

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

Hendrik Van Alphen, President & CEO

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking information (collectively, 'forward-looking statements') within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content, commencement and cost of exploration programs, anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, the completion and closing of some or all of the loans, business and financing plans and business trends, are forward-looking statements. 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, dilution, the volatility of the Company's common share price and volume; variations in the market price of any mineral products the Company may produce or plan to produce, 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, and other risks and uncertainties disclosed in the Company's Management Discussion and Analysis filed with certain securities commissions in Canada, and other information released by the Company and filed with the appropriate regulatory agencies. All of the Company's Canadian public disclosure filings may be accessed via www.sedar.com, 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release, which has been prepared by management.

Contacts:

Wealth Minerals Ltd.

John Kocela

604-638-3281
info@wealthminerals.com
www.wealthminerals.com