NR07-09

July 31, 2007

Wealth Significantly Expands its Bororo Nuevo Uranium Property, San Jorge Basin, Argentina

Values from 529 samples average 2.48 lbs/ton U₃O₈ (0.105% uranium)

Continuous chip sampling results of 10 metres @ 7.33 lbs/ton U₃O₈ (0.311% uranium) and 12.5 metres @ 4.01 lbs/ton U₃O₈ (0.170% uranium)

Vancouver, British Columbia…  Wealth Minerals Ltd. (the “Company” or “Wealth”) - (TSX Venture Exchange: WML, OTC: WMLLF, Frankfurt: EJZ), is pleased to announce the results from additional sampling at its 100% owned Bororo Nuevo uranium property in southern Argentina.

Final results from 529 samples collected to date have been received and the sample values average 2.48 lbs/ton U₃O₈ (0.105% uranium).  A new discovery, the Zeta zone, brings the total to 6 large areas of significant uranium mineralization located within a broader area measuring approximately 7 by 5 kilometres.  Less than 10% of the approximately 355 square kilometre Bororo Nuevo property has been explored to date, indicating excellent potential for further new discoveries at this property.

Following the initial discovery at Bororo Nuevo (see WML NR07-06), Wealth’s field crews returned to the area to test the continuity of grade within mineralized horizons.  Highlights from this surface chip sampling include 7.33 lbs/ton U₃O₈ (0.311% uranium) over 10 metres at the Gamma zone and 4.01 lbs/ton U₃O₈ (0.170% uranium) over 12.5 metres at the Delta zone.  A summary of results by zone is presented below:

Table 1:  Average grades to date at Bororo Nuevo Property

Zone	Number of Samples	Average Grade			Area (metres)	Highlights
		lbs/ton U3O8	% U3O8	ppm U
Alpha	81	0.66	0.033	281	1200 by 600	values up to 12.2 lbs/ton U3O8 (0.517% U)
Beta	62	1.52	0.076	644	1600 by 1400	values up to 11.4 lbs/ton U3O8 (0.485% U)
Gamma	140	2.84	0.142	1204	2800 by 550	10 m @ 7.33 lbs/ton U3O8e (0.311% U )
						5 m @ 4.41 lbs/ton U3O8 (0.187% U )
Delta	167	4.66	0.233	1975	1800 by 550	12.5 m @ 4.01 lbs/ton U3O8 (0.170% U )
						4 m @  2.78 lbs/ton U3O8 (0.118% U )
Epsilon	24	4.69	0.235	1991	2650 by 1050	Samples >10,000 ppm uranium**
Zeta	11	6.24	0.312	2648	800 m corridor	values up to 19.1 lbs/ton U3O8 (0.807% U)
Property Total	529*	2.48	0.124	1050
*44 samples collected from outside currently defined zones ** above laboratory thresholds for sample processing

The Bororo Nuevo Property

The newly discovered Bororo Nuevo property forms part of the Company’s extensive land-holdings targeting high-grade uranium mineralization in the productive San Jorge Basin, southern Argentina.  There has been no systematic exploration on the property and mineralization remains open in all directions, most specifically to the north and south and at depth.  The property lies within the same productive basin that hosts the Cerro Solo uranium deposit (reported to contain a resource of 10.3 million pounds of U₃O₈ at an average grade of 0.3% uranium and a potential 0.3% molybdenum credit).

Mineralization has now been identified in eight separate mineralized outcrop clusters, whose host unit thicknesses range from 0.4 to 2.5 meters thick, within a uranium fairway currently measuring approximately 7 kilometres long by up to 5 kilometres wide.

A detailed HiRAM (High-resolution Radiometrics and Magnetics) survey is planned for the Argentine spring and will be followed up with on-going aggressive exploration designed to take the property to drill testing as soon as possible.

Option Agreements – Additional Argentinean Uranium Properties

In connection with its ongoing uranium exploration programs in Argentina, the Company has also negotiated options to acquire an interest in additional cateos in the provinces of Chubut, Salta and Jujuy Provinces as follows:

1.

pursuant to an option agreement dated May 29, 2007 between the Company and two South American individuals, as accepted by the vendors on May 30, 2007, the Company has the option to acquire a 100% interest in and to one cateo in Jujuy Province in consideration of the issuance of an aggregate of 200,000 shares, as to 100,000 shares 30 days after TSXV acceptance of the agreement and the balance of 100,000 shares on the first anniversary of the date of such acceptance;

2.

pursuant to an option agreement dated May 29, 2007 between the Company and two South American individuals, as accepted by the vendors on July 30, 2007, the Company has the option to acquire a 100% interest in and to three cateos in Chubut Province in consideration of the issuance of an aggregate of 160,000 shares, as to 80,000 shares 30 days after TSXV acceptance of the agreement and the balance of 80,000 shares on the first anniversary of the date of such acceptance;

3.

pursuant to an option agreement dated May 29, 2007 between the Company and an Uruguayan corporation, as accepted by the vendor on July 30, 2007, the Company has the option to acquire a 100% interest in and to one cateo in Salta Province in consideration of the issuance of an aggregate of 200,000 shares, as to 100,000 shares 30 days after TSXV acceptance of the agreement and the balance of 100,000 shares on the first anniversary of the date of such acceptance; and

4.

pursuant to an option agreement dated May 29, 2007 between the Company and the shareholders of an Argentinean corporation, as accepted by the vendors on July 30, 2007, the Company has the option to acquire 100% of the shares of the Argentinean company, which holds five cateos Chubut.  In order to acquire the shares, the Company is required to pay the vendors USD 50,000 and issue an aggregate of 1,000,000 shares to them.  Payment of the USD 50,000 and the issuance of the initial 100,000 shares is due 30 days after TSXV acceptance of the agreement, with the balance of the shares being issued as to 100,000 shares six months after the acceptance date, 100,000 shares on the first anniversary of the acceptance date, 250,000 shares eighteen months after the acceptance date and the last 450,000 shares on the second anniversary of the acceptance date.

Each of these option agreements is subject to acceptance for filing by the TSXV.

Qualified Person & QA/QC Controls

James M. Dawson, P. Eng., Wealth’s consulting geologist 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. Dawson is not independent of Wealth by virtue of being a shareholder and the holder of stock options.

Wealth’s work programs are supervised by James M. Dawson, Wealth’s consulting geologist, and Scott Heffernan, P.Geol., Wealth’s Chief Geologist, who are responsible for all aspects of the work, including the quality control/quality assurance program.  On-site personnel at the project rigorously collect and track samples which are then sealed and shipped to Alex Stewart Assayers (ASA) 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 duplicate samples are forwarded to ASA for additional quality control.  Laboratory results are received in parts per million uranium.  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 = ppm U₃0₈; 10,000 ppm uranium = 1% = 20 lbs/ton uranium).

About Wealth Minerals Ltd.

Wealth is a well financed mineral exploration company with approximately 25.2 million shares issued and listings on the TSX Venture and Frankfurt Stock Exchanges and the OTCBB.  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 countries.

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.

“Henk Van Alphen”

President & Chief Executive Officer

For further information, please contact:

Glenn Shand

Phone: 604-331-0096 / 888-331-0096

E-mail: info@wealthminerals.com

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.

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 exploration 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 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 current 20F 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.

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Suite 1901 – 1177 West Hastings Street, Vancouver, BC Canada V6E 2K3

Tel 604.331.0096  Fax 604.408.7499

www.wealthminerals.com