VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2011) - Wealth Minerals Ltd. (TSX VENTURE:WML)(OTCQX:WWMLF)(FRANKFURT:EJZ) (the "Company" or "Wealth") announces that it has retained the Florida-based firm of Michael Baybak and Company, Inc. ("MBC") to conduct institutionally-oriented investor relations programs on behalf of the Company. Headed by Mr. Michael Baybak, with the support of Mr. George Duggan, MBC is a long-term institutional and media investor relations specialist in the natural resource sector, with a focus on introducing Canadian resource companies of merit to broader institutional and retail investor audiences.
The Company will pay MBC a monthly fee of USD 8,000.00, plus expenses, for the initial one-year term of the agreement, cancellable upon 30 days' notice in writing at any time after the first six months of service. The agreement may be renewed by mutual consent following the completion of the initial term.
Pursuant to the agreement, the Company has also granted 300,000 incentive stock options to MBC, exercisable at a price of CAD 0.34 for a period of two years. The options will vest quarterly over a period of 12 months. Neither MBC nor Mr. Duggan currently holds any securities of the Company. Mr. Baybak currently holds 1.28 million common shares. Other than the stock options granted to MBC, none of MBC or Messrs. Baybak or Duggan has any rights to acquire any additional securities of the Company.
The agreement with MBC and the grant of the options is subject to the acceptance for filing thereof by the TSX Venture Exchange on behalf of the Company.
About Wealth Minerals Ltd.
Wealth is a Canadian based mineral exploration company with listings on the TSX Venture, OTCQX and Frankfurt Stock Exchanges. The Company's primary focus is on the exploration and development of its advanced-stage Rodeo de los Molles rare earth element project in San Luis Province, Argentina.
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
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.
Contact Information:
John Kocela
604-638-3281
info@wealthminerals.com
www.wealthminerals.com