Yellowhead Mining Inc. Announces Automatic Conversion of Debenture

Yellowhead Mining Inc. Announces Automatic Conversion of Debenture 
VANCOUVER, Dec. 30, 2013 /CNW/ - Yellowhead Mining Inc. ("Yellowhead" or the 
"Company") (TSX: YMI) announces that today its shareholders have approved the 
full automatic conversion of the $8 million convertible debenture (the 
"Debenture") previously issued to Matco Investments Ltd. ("Matco"), a private 
investment firm based in Calgary, Alberta, into common shares of the 
Company. The Debenture has now been fully converted into an aggregate of 
35,555,556 common shares of the Company at a conversion price of $0.225 per 
share, representing approximately 35.91% of the total issued and outstanding 
common shares of the Company. 
The proceeds of the Matco Financing will primarily be used to complete the 
environmental assessment process for Yellowhead's 100% owned Harper Creek 
Project and for general corporate purposes. 
Frank D. Wheatley, Yellowhead's CEO, commented that "Yellowhead is extremely 
pleased that the shareholders have approved the issuance of common shares to 
Matco, as this will allow Yellowhead to proceed with the environmental 
assessment process for the Harper Creek Project". Mr. Wheatley added that 
"work on the environmental assessment process will recommence immediately, 
with a target of resubmitting the environmental assessment application to the 
British Columbia Environmental Assessment Office by the end of the third 
quarter of 2014". 
Appointment of New Chief Financial Officer 
Lori Price, currently the Controller of Yellowhead, has been appointed Chief 
Financial Officer of the Company, effective as of January 4, 2014, upon the 
resignation of Saurabh Handa, the current Chief Financial Officer, to pursue 
other interests. 
About Matco Investments Ltd. 
Matco is a private investment corporation based in Calgary, Alberta. Matco 
is controlled by Mr. Ronald Mathison. Mr. Mathison also serves on the boards 
of Calfrac Well Services Ltd, Tesla Exploration Ltd. and Western Energy 
Services Corp. 
About Yellowhead Mining Inc. 
Yellowhead Mining Inc. is a development stage company with a 100% interest in 
the Harper Creek copper-gold-silver project located in the North Thompson 
region of British Columbia, Canada. The proposed Harper Creek mine will be a 
large scale, long life, low cost open pit copper mine, has a NI 43-101 
compliant feasibility study, and is currently in the environmental permitting 
phase of development. 
For more information on Yellowhead and the Harper Creek Project, please visit 
Yellowhead's website at 
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. 
Frank D. Wheatley, Chief Executive Officer 604.681.1709 Ext. 212 
To view this news release in HTML formatting, please use the following URL: 
CO: Yellowhead Mining Inc.
ST: British Columbia
-0- Dec/30/2013 19:13 GMT
Press spacebar to pause and continue. Press esc to stop.