Well Power Inc. Appoints Professional Engineer, Oil & Gas Veteran to Board of Directors

HOUSTON, TX, March 26, 2015 /PRNewswire/ - Well Power, Inc. (OTCQB: WPWR) ("Well Power" or the "Company") today announces the expansion of its board of directors with the addition of petroleum industry veteran, professional engineer, and entrepreneur Robert V. Shields.

"As we advance the commercialization of our energy solutions and technologies, it's an honor to welcome Robert to the team," says Well Power Chief Executive Officer Cristian Neagoe. "Robert's experience in raising capital, engineering, and entrepreneurship in the oil and gas industry will contribute invaluable insight and progression to Well Power's corporate mission."

Shields is a professional engineer with more than 30 years of petroleum industry experience in the areas of drilling, completions, production operations, economic evaluations, identifying and securing international exploration mineral leases and raising equity capital from institutional investors in in the United States and abroad.    

His early years of employment include tenures with major oil and gas companies including Pacific Petroleums Ltd., PetroCanada Corp., Occidental International, and ICG Resources Ltd. Mr. Shields has extensive management experience in his roles as manager of drilling/production operations in Libya, Philippines, Brunei (offshore), continental USA, Western Canada and the Canadian Arctic.

Over the past 20 years he has founded and been a partner/owner in four successful private oil companies which have collectively spent $C160 million generating a total exit value of approximately $C760 million.  In 2000, Mr. Shields co-discovered the largest conventional natural gas find in Canada, the Ladyfern field located in NE British Columbia.

Mr. Shields is currently the president, CEO and director of a Canadian junior publicly traded oil and gas company, Marauder Resources East Coast Inc., which acquired exploration rights to a large permit located onshore New Zealand.

Mr. Shields earned his Bachelors of Science in Chemistry and Chemical Engineering from the University of Alberta. 

About Well Power, Inc.

Well Power has acquired an exclusive license from MEC, a Canadian publicly listed company that is developing mobile and scalable Wellhead Micro-Refinery Units (MRUs) deployable close to the wellhead to process raw natural gas into liquid fuels and clean power. As a result of the License Agreement, the Company is seeking to commence the business of distributing MRUs in the State of Texas and from there into other geographical areas. The Company is looking to position itself as a technology company, which will provide oil and gas producers and operators a solution to process otherwise wasted natural gas, including stranded, shut-in, flared and vented gas and produce valued end-products including Engineered Fuel^TM (diesel, diluents, synthetic crude) and electrical power.

For more information about the Company, please visit www.wellpowerinc.com

Forward Looking Statements

Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the closing of the share exchange agreement.  The words "plan", "forecast", "anticipates", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements.  These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements.  The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission.  All forward-looking statements attributable to Well Power, Inc., herein are expressly qualified in their entirety by the above-mentioned cautionary statement.  Well Power, Inc., disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.

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

SOURCE Wellpower inc.