Wealth Minerals Ltd. reported consolidated unaudited earnings results for the third quarter and nine months ended August 31, 2009. For the quarter, the company reported loss before extraordinary items of CAD 455,239, net loss and comprehensive loss of CAD 430,234 or CAD 0.01 per basic and diluted share against loss before extraordinary items of CAD 473,317, net loss and comprehensive loss of CAD 452,263 or CAD 0.02 per basic and diluted share reported a year ago. Cash used in operating activities was CAD 252,889 against CAD 609,163 a year ago. Increase in and expenditures on mineral properties was CAD 5,379 against CAD 259,712 a year ago. For the nine months period, the company reported loss before extraordinary items of CAD 1,732,535, net loss and comprehensive loss of CAD 1,704,556 or CAD 0.06 per basic and diluted share against loss before extraordinary items of CAD 2,266,844, net loss and comprehensive loss of CAD 2,240,046 or CAD 0.08 per basic and diluted share reported a year ago. Cash used in operating activities was CAD 1,047,448 against CAD 1,433,075 a year ago. Increase in and expenditures on mineral properties was CAD 86,058 against CAD 2,656,040 a year ago.

Wealth Minerals Ltd. announced the appointment of Mr. James M. Dawson, P.Eng. as a director, effective October 23, 2009, and has engaged Quatloo Investment Management Inc. to provide investor relations services, effective immediately. Effective October 23, 2009, Mr. James M. Dawson, P. Eng. has been appointed as an additional director of the company. Mr. Dawson has been the President of Dawson Geological Consultants Ltd. since 1985. Mr. Dawson is currently a director of Minefinders Corp. and Kivalliq Energy Corporation.

Wealth Minerals Ltd. announced the closing, on September 9, 2009, of the non-brokered private placement announced on August 12, 2009. The Company issued 4,037,000 units at a price of $0.26 per unit for gross proceeds of $1,049,620. The Company plans to use the net proceeds from the Offering to fund exploration programs on the Company's uranium exploration projects in Argentina, for ongoing mineral property investigations and potential acquisitions, and for general working capital.