Yellowhead Mining Inc. - Appointment of New Chief Financial Officer

VANCOUVER, Feb. 1, 2016 /CNW/ - Yellowhead Mining Inc. ("Yellowhead" or the "Company") (TSX: YMI) reports David McGoey, has been appointed Chief Financial Officer of the Company, effective as of February 1, 2016, upon the departure of Lori Price.  The board of directors would like to thank Ms. Price for all of her dedicated efforts during these challenging conditions in the commodity and the international capital markets.

Mr. McGoey will oversee the financial aspects of the care and maintenance program. Mr. McGoey has over twenty five years of professional experience including ten years of experience as a director on boards of public companies as well as serving as the Chief Financial Officer of other public companies. Mr. McGoey holds a Bachelor of Commerce (Honours) degree, two professional accounting designations (CA and CPA (Illinois)), his ICD.D designation and has attended additional professional education courses on governance and compensation issues for directors.

About Yellowhead Mining Inc.

Yellowhead Mining Inc. is a development stage company with a 100% interest in the Harper Creek Project, located in the North Thompson - Nicola region of British Columbia, Canada.

Forward Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements, including, among others, the accuracy of mineral grades and related assumptions, inherent operating risks, planned expenditures, proposed exploration and development at the Harper Creek Project, operating and economic aspects of the Harper Creek Project, as well as those risk factors identified in the Company's Annual Information Form filed under the Company's SEDAR profile. Yellowhead undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. More detailed information about potential factors that could affect projected results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Yellowhead.

SOURCE Yellowhead Mining Inc.

T. Gregory Hawkins, Chairman of the Board, 604-681-1709 Ext. 205, Email: [email protected], Website: www.yellowheadmining.com