Wellgreen Platinum Announces Filing of 2015 Audited Financial Statements

VANCOUVER, March 29, 2016 /CNW/ - Wellgreen Platinum Ltd. ("Wellgreen Platinum" or the "Company") (TSX: WG; OTC-QX: WGPLF) is pleased to report the filing of its audited annual financial statements for the year ended December 31, 2015 and management's discussion and analysis in relation thereto (the "Statements"), together with the Company's Annual Information Form (the "AIF"), with the applicable Canadian securities regulatory authorities on SEDAR. John Sagman, Wellgreen Platinum's Interim President & COO stated, "We are pleased to announce our annual filings, which highlight the major advancements made by the Company over the past year."

The Statements and the AIF are available on the Company's website at www.wellgreenplatinum.com.

About Wellgreen Platinum

Wellgreen Platinum is a Canadian mining exploration and development company focused on the active advancement of its 100% owned Wellgreen platinum group metals (PGM) and nickel project. Located in Yukon, Canada, the 2015 Preliminary Economic Assessment demonstrated that the Wellgreen PGM-nickel 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.

The Company is led by a management team with a track record of successful large-scale project discovery, development, financing and operation. Our vision is to create value for our shareholders through development of the Wellgreen deposit into a leading North American PGM and nickel producer.

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, is forward-looking information that involves 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. For more information on the Company and the key assumptions, risks and challenges about our business, investors should review the 2015 PEA technical report on the Wellgreen PGM-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.

Image with caption: "Wellgreen Platinum Ltd. (CNW Group/Wellgreen Platinum Ltd.)". Image available at: http://photos.newswire.ca/images/download/20160329_C5486_PHOTO_EN_652380.jpg

For further information: Wellgreen Platinum Contacts: John Sagman, Interim President & Chief Operating Officer, 1-888-715-7528, 1-604-569-3634, jsagman@wellgreenplatinum.com; Rob Bruggeman, Vice President, Corporate Development, 1-416-884-3556, rbruggeman@wellgreenplatinum.com


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