VANCOUVER, July 28, 2016 /CNW/ - Wellgreen Platinum Ltd.
(TSX: WG; OTC-QX: WGPLF) ("Wellgreen Platinum" or the "Company") announces that Jeffrey Mason,
formerly Chief Financial Officer, is no longer with the Company, effective immediately.
The Company has commenced a search for a new Chief Financial Officer.
About Wellgreen Platinum
Wellgreen Platinum is a Canadian mining exploration and development company focused on the active advancement of its 100% owned
Wellgreen PGM-Nickel Project located in the Yukon Territory of Canada. The 2015 PEA
demonstrated that the Wellgreen Project has the potential to become a large, low cost, open pit producer of platinum, palladium,
gold, nickel, and copper. The Wellgreen property is accessible from the paved Alaska Highway,
which leads to year-round deep sea ports in southern Alaska.
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, or
negative connotations thereof. All information in this release, other than information of historical facts, including, without
limitation, regarding the search for a new Chief Financial Officer, results of the 2015 PEA, the size and scale of the Wellgreen
deposit, future exploration and development of the Wellgreen PGM and nickel project, the undertaking of future activities and work
programs at the Wellgreen PGM and nickel project, realization of the potential of the Wellgreen deposit, the active advancement of
the Wellgreen PGM and nickel project, and general future plans and objectives for the Company and the Wellgreen PGM and nickel
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 PGM and nickel 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 key assumptions, risks and challenges with respect to the forward looking information discussed
herein, and about our business in general, investors should review the 2015 PEA technical report on the Wellgreen PGM and nickel
project, our most recently filed annual information form, and other continuous disclosure 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.
SOURCE Wellgreen Platinum Ltd.
