Day: April 15, 2016

Wealth Minerals Ltd. announces that, on April 14, 2016, it closed the settlement of $687,000.00 in debt related to certain accounts payable to Cardero Resource Corp. and a portion of the principal sum of certain outstanding loans originally made to the Company in 2011. The Company issued 2,000,000 common shares at a deemed price of $0.21 in settlement of such debt. The common shares issued have a hold period in Canada expiring on August 14, 2016.

BACANORA MINERALS LTD. is pleased to provide an update regarding its recent and forthcoming activities at the Sonora Lithium Project in northern Mexico.

Quaterra Resources Inc. today announced that Gerald Prosalendis, a current consultant of the Company, has been named President and Chief Operating Officer, effective immediately. To accommodate this appointment, Thomas Patton has resigned as President while retaining the positions of Chairman and Chief Executive Officer.