NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Wellgreen Platinum Ltd. (TSX VENTURE:WG)(OTCQX:WGPLF) is pleased to announce
that it has completed its previously announced bought deal financing (the
"Offering") led by Dundee Securities Ltd., along with Edgecrest Capital
Corporation, Haywood Securities Inc. and Mackie Research Capital Ltd.
(collectively, the "Underwriters"), along with H.C. Wainwright & Co., LLC as
U.S. Placement Agent. Pursuant to the Offering, 10,615,650 units of the Company
(the "Units") were issued, at a price of C$0.65 per Unit, for total gross
proceeds of C$6,900,172, representing the base offering size of 9,231,000 Units
and the exercise in full of the over-allotment option for an additional
1,384,650 Units. 


The Company will use the net proceeds of the Offering toward initiation of
Pre-feasibility studies on its flagship Wellgreen PGM-Nickel-Copper project, to
further exploration and development of its properties and for general corporate
purposes. 


Each Unit consists of one common share ("Share") of the Company and one common
share purchase warrant ("Warrant"). Each Warrant entitles the holder thereof to
acquire one Share at a price of $0.90 for a period of 24 months following
today's date. In the event that the Company's shares trade at a closing price of
greater than $1.35 per share for a period of 10 consecutive trading days, the
Company may accelerate the expiry date of the Warrants by giving notice to the
holders thereof and, in such case, the Warrants will expire on the 30th day
after the date on which such notice is given by the Company. 


Greg Johnson, Wellgreen President & CEO, states, "The Company appreciates the
high level of participation from our existing shareholders and the strong level
of interest from new investors in this offering. These funds will facilitate the
continued advancement of our flagship Wellgreen project and will enable us to
take full advantage of the field season to initiate Pre-feasibility-level work,
while we finalize engineering on the updated Preliminary Economic Assessment." 


All Officers and Directors of the Company participated in the financing,
subscribing for an aggregate of 535,769 Units. Pursuant to Multilateral
Instrument 61-101 - Protection of Minority Security Holders in Special
Transactions, the Company notes that it has not filed a material change report
21 days prior to the closing of the Offering, as participation of the insiders
had not been established at that time.


In connection with the Offering, the Underwriters have received a cash
commission equal to (i) 6% of the aggregate gross proceeds received from the
sale of the Units (including on the exercise of the Over-Allotment Option, but
excluding the proceeds received from the sale of the Units pursuant to
president's list allocations), and (ii) 2% of the aggregate gross proceeds
received from the sale of the Units to Canadian residents who are part of the
President's List (including on the exercise of the Over-Allotment Option to
Canadian residents who are part of the President's List), and that number of
compensation options equal to 4.5% of the number of Units sold (excluding to
President's List purchasers). Each compensation option will be exercisable into
one Unit of the Company until June 24, 2016 at a price equal to the Offering
price.


This news release does not constitute an offer to sell or a solicitation to buy
any of the securities in the United States. The securities have not been and
will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), or any state securities law and may not be
offered or sold to, or for the account or benefit of, persons in the "United
States" or "U.S. persons", as such terms are defined in Regulation S promulgated
under the U.S. Securities Act, unless registered under the U.S. Securities Act
and applicable state securities laws or an exemption from such registration
requirements is available.


About Wellgreen Platinum

Wellgreen Platinum Ltd. is a Canadian exploration & development company focused
on the acquisition and development of platinum group metals (PGM) projects in
politically stable, mining-friendly jurisdictions. One of the largest
undeveloped PGM-nickel-copper deposits outside southern Africa or Russia, our
100% owned flagship Wellgreen project located in Canada's mining-friendly Yukon
Territory is 14 kilometres by all-weather road from the paved Alaska Highway
leading to deep sea ports in Haines and Skagway, Alaska.


Wellgreen Platinum Ltd. has an experienced management team with a track record
of successful large scale project discovery, development, operations and
financing and is focused on advancing Wellgreen towards production.


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, including the
Company's expected use of the net proceeds of Offering, 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, as well as those risk factors set out in
the Company's base shelf prospectus dated May 12, 2014, as supplemented by a
prospectus supplement dated June 13, 2014, as well as in the Company's current
Annual Information Form, Management's Discussion and Analysis and other
disclosure documents available under the Company's profile at www.sedar.com.
Readers are cautioned that mineral resources that are not mineral reserves do
not have demonstrated economic viability. 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.
The Company does not undertake to update any forward looking information, except
in accordance with applicable securities laws.


"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release."


FOR FURTHER INFORMATION PLEASE CONTACT: 
Wellgreen Platinum Ltd.
Greg Johnson
President & CEO
1-888-715-7528


Wellgreen Platinum Ltd.
Chris Ackerman
Manager, Corporate Communications
604-569-3634
cackerman@wellgreenplatinum.com