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<strong>Ro<strong>de</strong>o</strong> <strong>de</strong> <strong>los</strong> <strong>Molles</strong><br />

<strong>Rare</strong> <strong>Earth</strong> <strong>Element</strong><br />

<strong>Project</strong><br />

December 2011<br />

www.wealthminerals.com<br />

TSX-V: WML<br />

OTCQX: WMLLF


Disclaimer<br />

2 2<br />

Certain statements contained in this document, including, without limitation, those<br />

concerning the economic outlook for the mining industry, expectations regarding metal<br />

prices and production, the completion and commencement of commercial operations of<br />

certain of <strong>Wealth</strong> <strong>Minerals</strong> Ltd. (WML) projects, and its liquidity and capital resources and<br />

expenditure, contain certain forward-looking statements regarding WML’s economic<br />

performance and financial condition. Although WML believes that the expectations<br />

reflected in such forward-looking statements are reasonable, no assurance can be given<br />

that such expectations will prove to have been correct. Accordingly, results could differ<br />

materially from those set out in the forward-looking statements as a result of, among<br />

other factors, changes in economic and market conditions, success of business<br />

initiatives, changes in the regulatory environment and other government actions,<br />

fluctuations in metal prices and exchange rates, and business and operational risk<br />

management. WML un<strong>de</strong>rtakes no obligation to update publicly or release any revisions<br />

to these forward-looking statements to reflect events or circumstances after the date of<br />

the annual report. All subsequent written or oral forward-looking statements attributable<br />

to WML or any person acting on its behalf are qualified by the cautionary statements<br />

herein.


<strong>Ro<strong>de</strong>o</strong> <strong>de</strong> <strong>los</strong> <strong>Molles</strong> – A <strong>Rare</strong> Opportunity<br />

3<br />

• <strong>Wealth</strong> <strong>Minerals</strong> is focused on the exploration and <strong>de</strong>velopment of <strong>Rare</strong> <strong>Earth</strong> <strong>Element</strong><br />

(REE) projects with the potential to produce REE mineral concentrate in short term with<br />

low costs<br />

• The Company’s flagship REE project is the well-located, advanced-stage <strong>Ro<strong>de</strong>o</strong> <strong>de</strong> <strong>los</strong><br />

<strong>Molles</strong> <strong>Project</strong> in San Luis Province, Argentina<br />

TSX.V - WML


<strong>Ro<strong>de</strong>o</strong> <strong>de</strong> <strong>los</strong> <strong>Molles</strong><br />

Location & Infrastructure<br />

4<br />

• Located in central Argentina, approximately 200 km<br />

northwest of San Luis City and 300 km southwest of<br />

Cordoba City, Argentina’s 2 nd largest city<br />

• Immediate access to hydroelectric power & water<br />

• Highway access to shipping facilities in Rosario<br />

• Semi-arid, subtropical climate allows year round work<br />

Local grid and access (above)<br />

La Huertita hydro complex viewed from property<br />

Portion of Rosario port facilities


<strong>Ro<strong>de</strong>o</strong> <strong>de</strong> <strong>los</strong> <strong>Molles</strong><br />

<strong>Project</strong> History<br />

5<br />

• Discovered by Dr. Lira in the early 1980’s while mapping and prospecting regional<br />

radiometric anomalies for Comision Nacional <strong>de</strong> Energia Atomica (CNEA)<br />

• Extensive work by Michelotti Y Hijos SRL, a private Argentinean company and <strong>Wealth</strong>’s<br />

partner, was carried out between 1987 and 1992<br />

• Historical, non NI 43-101 compliant geologic resource of 5.6 Mt at 2.1% Total <strong>Rare</strong><br />

<strong>Earth</strong> Oxi<strong>de</strong>*<br />

• Can acquire 100% interest, NO un<strong>de</strong>rlying<br />

royalties, for $3.6M US over 5 years<br />

* The Company cautions that the resource estimate<br />

was prepared before the introduction of NI 43-101,<br />

and is therefore historical in nature and the<br />

Company is not treating such resources as a<br />

current resource un<strong>de</strong>r NI 43-101. Investors are<br />

further cautioned that a qualified person has not yet<br />

completed sufficient work to be able to verify the<br />

historical resources, and therefore they should not<br />

be relied upon.<br />

Schematic Geologic Mo<strong>de</strong>l<br />

TSX.V - WML


<strong>Ro<strong>de</strong>o</strong> <strong>de</strong> <strong>los</strong> <strong>Molles</strong><br />

Property Overview<br />

6<br />

• Deposit is hosted in ‘fenitized’ alkalic igneous rocks–<br />

geologically similar to the Mountain Pass Deposit<br />

(Molycorp) which hosts ~1.4Mt REO<br />

• Two main zones of mineralization: La Juli and<br />

Mina Norte<br />

• Third zone, El Rulo, emerging with excellent<br />

surface results: 1.34% TREO over 8.7 metres<br />

• Large, un<strong>de</strong>r-explored 2,500 metre by 700<br />

metre area of fenitic alteration (sha<strong>de</strong>d light<br />

green area)<br />

• 136 rock samples collected from outcrop and<br />

material quarried by the previous operator<br />

average 1.70% Total <strong>Rare</strong> <strong>Earth</strong> Oxi<strong>de</strong> (TREO)<br />

• Phase I drill campaign now complete, Phase II<br />

program in <strong>de</strong>sign and implementation<br />

TSX.V - WML


<strong>Ro<strong>de</strong>o</strong> <strong>de</strong> <strong>los</strong> <strong>Molles</strong><br />

La Juli Zone Surface Results<br />

7<br />

• La Juli zone stockpiles average 2.02% TREO (61 samples)<br />

Stockpiles<br />

La Juli test pit<br />

Geos for scale


<strong>Ro<strong>de</strong>o</strong> <strong>de</strong> <strong>los</strong> <strong>Molles</strong><br />

La Juli Norte Zone Drill Results<br />

8


<strong>Ro<strong>de</strong>o</strong> <strong>de</strong> <strong>los</strong> <strong>Molles</strong><br />

La Juli and El Rulo Zone Drill Results<br />

9<br />

All HTW diamond drill holes were assayed from top<br />

to bottom and are presented in the table<br />

Hole ID<br />

Zone<br />

From<br />

(metres)<br />

To<br />

(metres)<br />

Interval<br />

(metres)<br />

TREO (%) Nd2O3/TREO (%)<br />

Nd2O3+Pr2O3/<br />

TREO (%)<br />

El Rulo Zone Discovery<br />

R11-J-01 La Juli 0.00 EOH 17.20 1.10 16.4 21.5<br />

incl. 2.65 11.50 8.85 2.08 16.4 21.5<br />

R11-J-02 La Juli 0.00 EOH 21.35 0.30 16.3 21.2<br />

incl. 5.65 11.10 5.45 1.00 16.4 21.5<br />

R11-J-03 La Juli 0.00 EOH 40.15 0.23 17.3 22.4<br />

incl. 17.80 33.30 15.50 0.51 17.3 22.5<br />

R11-J-04 La Juli 0.00 EOH 66.70 0.06 16.1 21.0<br />

R11-J-05 La Juli 0.00 EOH 50.20 0.30 17.4 22.5<br />

incl. 4.00 12.10 8.10 1.56 17.8 23.0<br />

R11-J-06 La Juli 0.00 EOH 41.80 0.50 18.6 24.0<br />

incl. 19.80 30.50 10.70 1.83 16.2 20.9<br />

R11-J-07 La Juli 0.00 EOH 41.95 0.68 18.5 23.9<br />

incl. 10.30 29.00 18.70 1.40 18.4 23.8<br />

R11-J-08 La Juli 0.00 EOH 55.45 0.48 19.2 24.7<br />

incl. 30.80 50.00 19.20 1.29 19.2 24.8<br />

R11-J-09 La Juli 0.00 EOH 34.20 0.46 18.1 23.4<br />

incl. 12 25.15 13.15 0.86 18.4 23.7<br />

R11-J-10 La Juli 0.00 EOH 40.55 0.12 17.9 23.2<br />

R11-J-11 La Juli 0.00 EOH 51.50 0.46 17.6 22.8<br />

incl. 17.95 28.65 10.70 2.02 16.1 20.8<br />

R11-J-12 La Juli 0.00 EOH 58.90 0.05 15.3 20.2<br />

R11-R-01 El Rulo 0.00 EOH 34.15 0.13 15.8 20.7<br />

R11-R-02 El Rulo 0.00 EOH 17.35 0.52 19.5 24.8<br />

incl. 0.00 6.10 6.10 1.29 19.7 25.1<br />

R11-R-03 El Rulo 0.00 EOH 19.30 0.09 17.4 22.3<br />

TSX.V - WML


<strong>Ro<strong>de</strong>o</strong> <strong>de</strong> <strong>los</strong> <strong>Molles</strong><br />

Mina Norte Zone Surface Results<br />

10<br />

• Mina Norte zone stockpiles average 1.55% TREO (38 samples)


<strong>Ro<strong>de</strong>o</strong> <strong>de</strong> <strong>los</strong> <strong>Molles</strong><br />

Mina Norte Zone Drill Results<br />

11<br />

TSX.V - WML


<strong>Ro<strong>de</strong>o</strong> <strong>de</strong> <strong>los</strong> <strong>Molles</strong><br />

Mina Norte Zone Drill Results<br />

12<br />

Hole ID<br />

Zone<br />

From<br />

Interval<br />

Nd2O3/TREO Nd2O3+Pr2O3/<br />

To (metres)<br />

TREO (%)<br />

(metres)<br />

(metres)<br />

(%) TREO (%)<br />

R11-N-01 Mina Norte 0.00 EOH 27.45 0.73 17.8 23.1<br />

incl. 0.00 13.70 13.70 1.36 17.8 23.1<br />

R11-N-02 Mina Norte 0.00 EOH 44.50 0.83 17.9 23.3<br />

incl. 9.05 34.05 25.00 1.31 17.8 23.2<br />

R11-N-03 Mina Norte 0.00 EOH 37.60 0.69 17.8 23.0<br />

incl. 5.00 27.85 22.85 1.02 17.8 23.1<br />

R11-N-04 Mina Norte 0.00 EOH 32.70 0.85 18.0 23.2<br />

incl. 4.65 23.90 19.25 1.39 18.0 23.1<br />

R11-N-05 Mina Norte 0.00 EOH 26.30 0.34 18.7 24.2<br />

R11-N-06 Mina Norte 0.00 EOH 31.20 0.31 19.5 24.9<br />

R11-N-07 Mina Norte 0.20 EOH 37.40 0.32 18.3 23.7<br />

incl. 9.35 17.50 8.15 1.09 17.9 23.3<br />

R11-N-08 Mina Norte 0.45 EOH 30.85 0.36 18.0 23.3<br />

R11-N-09 Mina Norte 0.35 EOH 32.65 0.89 17.7 22.9<br />

incl. 18.00 29.30 11.30 2.05 17.9 23.1<br />

R11-N-10 Mina Norte 0.00 EOH 31.60 0.26 17.8 23.0<br />

R11-N-11 Mina Norte 0.00 EOH 40.75 0.49 17.5 22.8<br />

incl. 14.70 24.05 9.35 1.08 17.7 23.0<br />

All HTW diamond drill holes were assayed from top<br />

to bottom and are presented in the table<br />

TSX.V - WML


<strong>Ro<strong>de</strong>o</strong> <strong>de</strong> <strong>los</strong> <strong>Molles</strong><br />

Mineralization<br />

13<br />

• <strong>Ro<strong>de</strong>o</strong> is a ‘Lights’ dominated REE <strong>de</strong>posit<br />

• Multiple phases of REE mineralization<br />

• Mineralization is primarily bastnasite (brighter red)-<br />

synchisite, britholite and minor allanite<br />

• Neodymium (Nd) and Praeseodymium (Pr), two of<br />

the REE’s with the most critical supply situation,<br />

combine for 24% of REO content at <strong>Ro<strong>de</strong>o</strong><br />

(image of drill core)<br />

source: www.Metal-Pages.com<br />

TSX.V - WML


REE Market Overview<br />

14<br />

source: Molycorp 2010 Annual Report<br />

source: Molycorp 2010 Annual Report<br />

Short- and medium-term criticality matrices for select<br />

elements (source: Hatch Report, August 2011, after<br />

Bauer et al., 2010; )<br />

source: www.Metal-Pages.com<br />

TSX.V - WML


<strong>Ro<strong>de</strong>o</strong> <strong>de</strong> <strong>los</strong> <strong>Molles</strong><br />

Looking Ahead<br />

15<br />

Aggressive exploration campaign with goal of resource <strong>de</strong>finition now un<strong>de</strong>rway:<br />

• Detailed surface assessment of known zones of mineralization - complete<br />

• Surface geophysical surveys (spectrometry, magnetics, gravity) - complete<br />

• Initial Drill Test - complete<br />

• Process recovery testing - in progress<br />

• Regional exploration to i<strong>de</strong>ntify new zones - in prep<br />

• 5,000 metre Phase II resource <strong>de</strong>finition drilling - in prep<br />

Surface Work<br />

Regional Exploration<br />

Phase 1 Drilling<br />

2011 Q2 Q3 Q4 2012 Q2 Q3 Q4<br />

Recovery Process Testing<br />

Phase 2 Drilling<br />

Resource Estimate<br />

PEA<br />

Environmental Baseline<br />

Feasibility Study<br />

TSX.V - WML


Management and Directors<br />

16<br />

Henk Van Alphen, Presi<strong>de</strong>nt & CEO<br />

• Presi<strong>de</strong>nt of Car<strong>de</strong>ro Resource Corp.<br />

• $200M+ raised over successful 25+ year career in mining industry<br />

Paul Matysek, M.Sc., P.Geol., Director<br />

• Former CEO of Potash One Inc; engineered $450 million friendly takeover<br />

• Foun<strong>de</strong>r of Energy Metals Corp, sold for $1.8 billion<br />

Jeff Pontius, M.Sc., Director<br />

• Former CEO of International Tower Hill Mines<br />

• Led discovery and <strong>de</strong>velopment of >25MM oz gold (Cripple Creek, Livengood)<br />

Maurice Strong, P.C., O.C., LL.D., Director<br />

• 30+ years at senior levels in business, government and international organizations<br />

• Former Un<strong>de</strong>r Secretary General of the UN; Former Sr. Advisor to Presi<strong>de</strong>nt, World Bank<br />

Jim Dawson, P.Eng., Director<br />

• Over 40 years of hands-on exploration and mining experience<br />

• Director of Minefin<strong>de</strong>rs Corporation, Advisor to Discovery Group<br />

Scott Heffernan, M.Sc., P.Geol., VP Exploration<br />

• 15+ years of exploration and mining experience throughout the America’s with<br />

governmental surveys, major and junior companies<br />

TSX.V - WML


<strong>Rare</strong> <strong>Earth</strong> Advisory Board<br />

17<br />

Alastair Neill, P.Eng, MBA<br />

• Former VP, <strong>Rare</strong> <strong>Earth</strong> Division and VP, Business Development for AMR Technologies<br />

(now Neo Material technologies Inc.)<br />

• Executive Vice-Presi<strong>de</strong>nt for Dacha Strategic Metals Inc.<br />

• Over 15 years of direct REE experience with downstream end-users in Korea, Japan,<br />

Europe, north America and China<br />

Dr. Anthony (Tony) Mariano<br />

• Over 50 years of field- and laboratory-based REE experience and is recognized as the<br />

global authority on the mineralogy, geochemistry and geology of REE <strong>de</strong>posits<br />

• Involved with the research and <strong>de</strong>velopment of the majority of the world’s significant<br />

REE <strong>de</strong>posits<br />

Dr. Raul Lira<br />

• Credited with the discovery of <strong>Ro<strong>de</strong>o</strong>, Raul has over 25 years <strong>de</strong>dicated to research and<br />

teaching focused on petrology, genesis and discovery of mineral <strong>de</strong>posits<br />

• Currently Professor of Economic Geology at Universidad Nacional <strong>de</strong> Cordoba<br />

Car<strong>de</strong>ro Group Team<br />

Wardrop Engineering Inc.<br />

TSX.V - WML


Capital Structure<br />

18<br />

shares issued 50,874,481<br />

options 4,000,000<br />

warrants 3,953,000<br />

fully diluted 58,827,481<br />

Number Expiry Price<br />

Warrants 28,000 Nov 2012 $0.50<br />

Warrants 3,925,000 Nov 2012 $0.50<br />

Options 500,000 Oct 2012 $0.50<br />

Options 2,000,000 Oct 2012 $0.68<br />

Options 300,000 Sep 2014 $0.34<br />

Options 1,200,000 Oct 2014 $0.20<br />

Management: ~34%<br />

Funds/Institutions: ~6%<br />

December 12 th , 2011<br />

Market Cap. ~CDN $8M<br />

TSX.V - WML


A <strong>Rare</strong> Opportunity<br />

19<br />

• Well-structured, well-managed exploration and <strong>de</strong>velopment company<br />

• Aggressive exploration un<strong>de</strong>rway on ‘NEW’, advanced-staged REE project with:<br />

• Historical, non NI 43-101 compliant geologic resource of 5.6 Mt at 2.1% TREO*<br />

• Excellent Infrastructure – immediate access to roads, water and power<br />

• Known mineralization amenable to REE extraction and open in all directions<br />

• Excellent exploration potential on dominant 6,000 hectare land package<br />

• Very positive results to date<br />

• Envisioned path to production is simple, fast, and low-cost<br />

TSX.V - WML


For More Information:<br />

+1 604 331 0096<br />

info@wealthminerals.com<br />

December 2011<br />

www.wealthminerals.com<br />

TSX-V: WML<br />

OTCQX: WMLLF

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