Wealth Decreases Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 6, 2006) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Wealth Minerals Ltd. (the "Company" or "Wealth") - (TSX VENTURE:WML)(OTCBB:WMLLF)(FWB:EJZ) announces that it has decreased the number of units to be offered pursuant to the non brokered private placement originally announced on June 22, 2006. As a consequence, the Company will now offer 170,000 units (the "Units") (a decrease 300,000 Units), at a price of $1.75 per Unit to raise total gross proceeds of up to $297,500 (the "Offering"). Each Unit will consist of one common share of the Company ("Share") and one-half of a transferable common share purchase warrant. Each full warrant (the "Warrant") will be exercisable to acquire one additional Share for a period of 18 months following closing at an exercise price of $2.25. All remaining terms and conditions are unchanged from the original release.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the foregoing securities in the United States. None of the foregoing securities have been and, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Wealth is a mineral exploration company with 16.0 million shares issued and outstanding, approximately $2.0 million in the treasury and listings on the TSX Venture and Frankfurt Stock Exchanges and the OTCBB.

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

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

Jerry Pogue, Director

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 of future activities by the Company, future anticipated exploration program results, the discovery and delineation of mineral deposits/resources/reserves, business and financing plans, potential mining scenarios, the success of mineral processing procedures, business trends and future operating costs and revenues. 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 ability to obtain any necessary permits, consents or authorizations required for its activities, the Company's ability 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 public disclosure filings, which may be accessed via www.sedar.com and www.sec.gov, for a more complete discussion of such risk factors and their potential effects. 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.