Wellgreen Platinum Announces 2015 AGM Date and Warrant Amendments

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 18, 2015) - Wellgreen Platinum Ltd. (TSX:WG)(OTCQX:WGPLF) announces that it will hold its 2015 annual general and special meeting (the "2015 AGM") on Friday, September 25, 2015 at 10 a.m. (EST) in Toronto, Ontario. The Company will in due course send meeting materials to its shareholders of record as of August 10, 2015 by way of Notice and Access.

In addition, the Company announces that it has received conditional approval from the Toronto Stock Exchange (the "TSX") to amend certain terms of 8,086,264 common share purchase warrants (the "Warrants") that were originally issued by the Company on June 20, 2013 and that are each exercisable for one common share of the Company. The expiry date of the Warrants will be amended such that the Warrants will expire on June 21, 2017 (the original expiry date of the Warrants was June 21, 2015), and the exercise price of the Warrants will be amended to $0.60 (the original exercise price of the Warrants was $0.90). An accelerator provision will also be added to the Warrants that will provide the Company with the right to accelerate the expiry of the Warrants to a date that is not less than 30 days following delivery of written notice by the Company to the holders of the Warrants, if the closing price of the Company's common shares on the TSX equals or exceeds $0.90 for a period of 10 consecutive trading days.

Of the 8,086,264 Warrants, a total of 2,750,925 Warrants are held by insiders of Wellgreen Platinum. In accordance with the rules and policies of the TSX, the amendments with respect to Warrants held by insiders will only become effective if disinterested shareholder approval of the amendments is received at the 2015 AGM. The amendments relating to Warrants held by non-insiders are expected to become effective on July 3, 2015, 10 business days following the date of this news release in accordance with the rules and policies of the TSX.

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, in management's view, 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.