Wellgreen Platinum Ltd.
TSX VENTURE : WG
OTCQX : WGPLF

Wellgreen Platinum Ltd.

March 19, 2015 18:07 ET

Wellgreen Platinum Files Preliminary Economic Assessment NI 43-101 Technical Report for its Wellgreen PGM and Nickel Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 19, 2015) - Wellgreen Platinum Ltd. (TSX:WG) (OTCQX:WGPLF) is pleased to announce that we have filed the National Instrument 43-101 independent technical report (the "Technical Report") further to the Company's news release dated February 2, 2015 which summarized the results of the positive preliminary economic assessment ("PEA") on our 100%-owned Wellgreen PGM and Nickel project, located in the Yukon Territory, Canada.

The Technical Report was prepared by Michael Makarenko, P. Eng. of JDS Energy & Mining Inc., John Eggert, P. Eng. of Eggert Engineering Inc., Ronald G. Simpson, P. Geo. of GeoSim Services Inc., Michael Levy, P.E. of SRK Consulting (US) Inc. and George Darling, P. Eng. of SNC-Lavalin Inc. following the guidelines of the Canadian Securities Administrators' National Instrument 43‐101 and Form 43‐101F1.

A copy of the Technical Report entitled "Preliminary Economic Assessment Technical Report, Wellgreen Project, Yukon Territory, Canada", which is dated effective February 2, 2015, can be found under the Company's SEDAR profile at www.sedar.com and on our website at www.wellgreenplatinum.com.

About Wellgreen Platinum

Wellgreen Platinum Ltd. is a Canadian mining exploration & development company focused on the active advancement of its 100% owned Wellgreen PGM and Nickel project toward production. Located in the Yukon Territory, Canada, the Wellgreen project has the potential to become one of the world's largest and lowest cost open pit producers of platinum group metals (PGMs) and nickel. The Wellgreen property is accessed from the paved Alaska Highway leading to deep sea ports south of the project in Alaska.

The Company is led by a highly-experienced management team with a track record of value creation through successful large scale project discovery, development, operation and financing. To achieve our vision of developing into a global producer of PGMs and nickel, our primary strategy is to continue to advance the Wellgreen project towards feasibility and production.

Further information about the Company and our projects can be found at www.wellgreenplatinum.com.

Cautionary Note Regarding Forward Looking Information: This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. All information in this release, other than information of historical facts, including, without limitation, regarding future exploration and development of the Wellgreen project or any of the Company's other projects, the potential of the Wellgreen project, engineering and mine planning, and general future plans and objectives for the Wellgreen project, are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information. Forward-looking information is based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from the forward-looking information include changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, the Company's ability to maintain the support of stakeholders necessary to develop the Wellgreen project, unanticipated environmental impacts on operations and costs to remedy same, and other risks detailed herein and from time to time in the filings made by the Company with securities regulatory authorities in Canada. Mineral exploration and development of mines is an inherently risky business. Accordingly, actual events may differ materially from those projected in the forward-looking information. For more information on the Company and the risks and challenges of our business, investors should review our annual filings which are available at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward looking information, except in accordance with applicable securities laws.

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