SYS-CON MEDIA Authors: Adrian Bridgwater, Yeshim Deniz, Elizabeth White, Sean Houghton, Glenn Rossman

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Wellgreen Platinum Announces Filing of Final Base Shelf Prospectus

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/12/14 -- Wellgreen Platinum Ltd. (TSX VENTURE: WG)(OTCQX: WGPLF) is pleased to announce that it has obtained a receipt for a final short form base shelf prospectus (the "Shelf Prospectus") further to its filing of a preliminary short form base shelf prospectus, and that the Company has filed the Shelf Prospectus with securities regulatory authorities in the provinces of British Columbia, Alberta, Manitoba and Ontario.

The Shelf Prospectus will, subject to securities regulatory requirements, allow Wellgreen Platinum to make offerings of common shares, preferred shares, warrants, subscription receipts, debt securities, units or any combination thereof (collectively, the "Securities") of up to a total of $40 million during the next 25 months in British Columbia, Alberta, Manitoba and Ontario. The Shelf Prospectus will provide Wellgreen Platinum with flexibility in the type of future offerings it may consider in order to meet its funding requirements for the advancement and development of its projects. The terms of such future offerings, if any, will be established at the time of the offerings. At the time any Securities covered by the Shelf Prospectus are offered for sale, a prospectus supplement containing specific information about the terms of any such offering will be filed with the applicable Canadian securities regulatory authorities.

A copy of the Shelf Prospectus can be obtained by contacting Wellgreen Platinum at Suite 420-1090 West Georgia Street, Vancouver, British Columbia V6E 3V7, Attention: Samir Patel, Corporate Counsel and Corporate Secretary. A copy of the Shelf Prospectus is also available under Wellgreen Platinum's SEDAR profile at www.sedar.com.

This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualifications under the securities laws of any such jurisdiction.

About Wellgreen Platinum

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

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

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

Forward-Looking Information: This news release includes certain information that may be deemed "forward-looking information" that involve various risks and uncertainties. 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 te rminology. Forward-looking information in this news release include statements regarding the Shelf Prospectus and the timing and completion of future offerings thereunder, if any, the filing of a prospectus supplement, the Company's intention and ability to take advantage of financing opportunities when market conditions are favourable and the anticipated use of proceeds. 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 availability of capital and financing on acceptable terms, general economic, market or business conditions, regulatory changes, defects in title, the Company's ability to maintain the support of stakeholders necessary to develop its Wellgreen project, and exploration or 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. 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."

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