VANCOUVER, April 18, 2016 /CNW/ - Wealth Minerals Ltd.
(the "Company" or "Wealth") - (TSXV: WML; OTC: WMLLF; Frankfurt:
EJZ), is pleased to announce the appointment of Marcelo A. Awad as Executive Director of Wealth
Chile. Marcelo Awad has had a
long and distinguished career in the mining industry, including 18
years with Corporación Nacional del Cobre de Chile ("Codelco"), most recently as Executive
Vice President, and 16 years with Antofagasta Minerals S.A.
("Antofagasta"), the Mining Division of Antofagasta Plc) including
8 years as CEO from 2004 to 2012, a period of very significant
growth for Antofagasta. In the 2011 Harvard Business Review,
Mr. Awad was ranked as the number one CEO in Chile, 18th in Latin
America and 87th in the world.
"We are honoured to have Marcelo lead our South American Lithium
Acquisitions Team." stated Henk van
Alphen, Wealth's President and CEO, "Marcelo's expertise and
experience in the mining sector will be invaluable to Wealth as it
seeks move forward with acquisitions in the Salar de Maricunga and
other prospective salars in Chile."
Marcelo A. Awad -
Career Details
Marcelo A. Awad is a Chilean
mining executive with a long and distinguished career in the mining
sector. Mr. Awad started his career with Codelco, where he
worked for 18 years in both Chile
and the UK, most recently as Executive Vice President - Copper
Trading & Futures. During this time, Mr. Awad was elected
as a Director of the London Metals Exchange (LME) from 1990 to
1993.
Following his career at Codelco, Marcelo then spent 16 years
with Antofagasta, initially
joining as VP of Sales and Marketing in 1996 and serving most
recently as Chief Executive Officer from December 2004 to March
2012, when he oversaw a very significant period of growth
for Antofagasta.
In 2012, Mr. Awad was appointed President in Chile of the multinational corporation
Millenium Energy Industries, a leading global solar solutions
provider, which successfully engineered the world's largest solar
heating system (a 25MW system in Saudi
Arabia). Later the same year Mr. Awad was appointed as
a Director of the Chilean Copper Commission (Cochilco) and the
Deutsche Bank in Chile. More recently, in 2013, Mr. Awad was
appointed as the Deputy Director of Barrick-Chile, which manages
the Pascua Lama project. Mr. Awad provides advice on
regulatory issues and government relations in Chile.
Mr. Awad currently serves on the boards of Finning International
Inc., the world's largest Caterpillar dealer, Echeverría Izquierdo
S.A., a Chilean engineering and construction company, and AC
Perforaciones S.A., a Chilean drilling services company, and on the
Advisory Board for the Americas of the Australian consulting
company, Partners in Performance. Mr. Awad is also a senior
advisor to both Mitsubishi Corporation Investments Chile and Sierra
Gorda SCM (a major mine development in the Antofagasta region and a joint venture between
KGHM Polska Miedź S.A. and Sumitomo Corporation).
About Wealth Minerals Ltd.
Wealth is a mineral resource company with interests in
Canada, Mexico, Peru
and Chile. The Company's main focus is the acquisition of
Lithium projects in South America,
including interests in the Maricunga Salar in Chile. The Company also maintains a
portfolio of precious and base metal exploration-stage
projects.
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"
Hendrik
van Alphen
President & CEO
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.
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, timing
and cost of exploration programs; anticipated exploration program
results; the discovery and delineation of mineral
deposits/resources/reserves; the Company's expectation that
it will be able to enter into agreements to acquire interests in
additional mineral projects, particularly lithium projects; and the
anticipated business plans and timing of future activities of the
Company, 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, the state of
the financial markets for the Company's equity securities, the
state of the commodity markets generally, variations in the
nature, quality and quantity of any mineral deposits that may be
located, variations in the market price of any mineral products the
Company may produce or plan to produce, the inability of the
Company to obtain any necessary permits, consents or authorizations
required, including TSXV acceptance, for its planned activities,
the inability of the Company 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 latest interim Management
Discussion and Analysis and filed with certain securities
commissions in Canada. 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.
SOURCE Wealth Minerals Limited