Agoracom Blog Home

Posts Tagged ‘$TSXV’

KWG Extends Option Notice

Posted by AGORACOM-JC at 11:12 AM on Wednesday, October 1st, 2014

 

TORONTO, ONTARIO–(Oct. 1, 2014) - KWG Resources Inc. (TSX VENTURE:KWG) (FRANKFURT:KW6), (“KWG”) announces that by mutual agreement of the parties, KWG and Bold Ventures Inc. (“Bold”) have extended by 30 days, to October 30, 2014, the deadline by which KWG must provide Binding Notice 2. Pursuant to the Option Agreement between KWG and Bold, Section 3.1 provides that KWG must provide Binding Notice 2 by September 30, 2014 that it intends to make the $700,000 option payment due February 7, 2015 under the KWG/Bold Option Agreement and expend an aggregate of $8,000,000 on the property by March 31, 2015. If the Binding Notice 2 is not delivered, the Option is terminated.

About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG has also acquired patent interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

Neither 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.

Shares issued and outstanding: 777,842,468

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com

Xylitol Canada Announces $1.65 Million Placement and Material Insider Participation

Posted by AGORACOM-JC at 4:43 PM on Tuesday, September 30th, 2014

TORONTO, ONTARIO–(Sept. 30, 2014) - Xylitol Canada Inc. (“Xylitol Canada“, or the “Company“) (TSX VENTURE:XYL) is pleased to announce today that it has completed a private placement of 6,600,000 common shares at an issuance price of $0.25 per common share for aggregate gross proceeds of $1,650,000 (the “Placement“). The issuance price per share was determined based on the volume-weighted average price of the common shares on the TSX Venture Exchange for the 20 days prior to closing.

Proceeds from the Placement will be used to fund xylose plant development initiatives including engineering, design, process optimization, and general overhead requirements associated with the xylose plant project(s). In addition, a portion of the proceeds will be deployed to bolster the working capital base of the Company’s growing product division.

All common shares issued pursuant to the Placement are subject to a hold period of four months from the closing date in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws.

Tom Kierans, a director of the Xylitol Canada, and Dundee Agricultural Corporation, which now holds 27.55% of the Company’s issued and outstanding common shares, each participated in the Placement. “I would like to thank both Tom Kierans and Dundee for their continued confidence and support as investors,” stated Andrew Reid, President and Chief Executive Officer of the Company.

Because insiders of the Company subscribed for all of the common shares issued under the Placement, the Placement is considered to be a related party transaction as defined under Multilateral Instrument 61-101 (“MI 61-101“). The Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of securities being issued to insiders nor the consideration being paid by insiders will exceed 25% of the Company’s market capitalization. The Company has not filed a material change report prior to the closing of the Placement as details of participation of the insiders had not been finalized prior to today.

About Xylitol Canada Inc.

Xylitol Canada markets xylitol and xylitol based-products and is focused on becoming a major low-cost manufacturer of xylitol and related products, serving the global market from operations in North America.

Xylitol Canada’s business strategy is to leverage novel proprietary technology and processes to become North America’s premier manufacturer of low cost, high quality xylitol from readily available environmentally-sustainable biomass. Xylitol is an all-natural sweetener which is marketed globally including Canada and the United States and is accepted by the American Food and Drug Administration, the World Health Organization and the American Dental Association. Xylitol contains 75% less carbohydrates and 40% less calories than sugar, has a myriad of oral health benefits including the prevention of tooth decay and is safe for diabetics. To date, wider spread use of xylitol has been limited by the lack of a reliable, low cost, high quality supplier.

Neither TSX Venture Exchange Inc. 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.

Contact Information

 

Xylitol Canada Inc.
Andrew Reid
416-288-1019

Xylitol Canada Inc.
Matt Willer
303-991-1999
IR@xylitolusa.com

Virtutone Announces Earnings of $0.02 per share for period ended July 31, 2014

Posted by AGORACOM-JC at 9:45 AM on Tuesday, September 30th, 2014

Sherwood Park, Alberta / TNW-ACCESSWIRE / September 30, 2014 / Virtutone Networks Inc. (“Virtutone” or the “Company”) (TSX Venture: VFX.V) is pleased to announce its financial results for the three and six -month period ended July 31, 2014.

Financial Highlights

Selected Consolidated Results (unaudited)

Virtutone net revenues reached $43,216,403 for the second quarter of 2014, an increase of $34,555,976 or 399 % compared to the same period a year earlier, and an increase of $14,853,436 or 52 % compared to the first quarter of 2014.

The growth in revenues year over year is the result of focusing on the wholesale business and our ability to acquire a strong customer base in 2013. The growth of Q2 to Q1, 2014 mainly stems from Virtutone’s current customer base providing more business.

“I am pleased with the progress we made during the second quarter, which has resulted in significant growth in our revenue, gross profit, and income from continuing operations says Mr. Bill Woods, Chief Financial Officer. With a strong management team in place, the company continues the review of its internal process identifying areas that enables the company to reduce it costs.

For further information please contact Bill Woods at 780-702-5777.

About Virtutone Networks Inc.

Virtutone Networks Inc. is a technology company based in Sherwood Park and is listed on the TSX Venture Exchange in Canada. The company is a leading supplier of wholesale telecommunication services, serving as an intermediary between large carriers and local telephone companies in many countries worldwide. Over the years, Virtutone has built lasting and secure business relationships with a number of key strategic partners.

We pride ourselves in providing unsurpassed service to customers and suppliers worldwide. Our customers choose us for three primary reasons: quality voice services, competitive rates, and superior customer service.

Additional information can be found on the company’s website at: www.virtutone.com

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

Liberty Star CEO to Visit East Asia for Naru Capital Roadshow Showcasing Copper-Gold-Moly Hay Mountain Project

Posted by AGORACOM-JC at 1:45 PM on Monday, September 29th, 2014

September 29, 2014 01:41 PM Eastern Daylight Time

TUCSON, Ariz. –Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to announce CEO/Chief Geologist James A. Briscoe will travel to Hong Kong, Japan and Korea in November to meet with potential investors to fund the Hay Mountain Project (“Hay Mountain”) Phase 1 drilling program and further development funding. Naru Capital (“Naru”) has also requested Briscoe present the Mine Finders training program on a roadshow planned for Qatar, Kuwait, Bahrain and UAE.

According to Naru’s representative, “We have successfully established relations with [potential] investors in Hong Kong who are significantly experienced in mining and thereby appreciate the risk-reward ratio of a greenfield project such as Hay Mountain. In the Middle East, we will be sourcing sophisticated [potential] investors who have been vetted to ensure an interest in early stage opportunities and who would ideally benefit immensely from the Mine Finders program. Based on the interactions between our team and the [potential] investors over the last few weeks, we anticipate good meetings to be held in Hong Kong….Potential meetings in Japan and Korea can be conducted face to face due to the proximity to Hong Kong.”

Briscoe is still in substantial contact with interested parties from the Middle East introduced to Liberty Star during Naru’s first Middle East Roadshow. As part of the second Naru Roadshow Briscoe will continue meetings with these potential investors and begin meetings with new prequalified contacts from Qatar, Bahrain, Kuwait and UAE. It is yet to be determined if Briscoe will travel to the Middle East for a second time. The presentations may be conducted by GoToMeeting computer meeting exchange, which allows up to 25 participants to view presentations on their computers anywhere in the world simultaneously.

States Briscoe: “We continue our pursuit of a suitable deal for Phase 1 drilling at Hay Mountain. The Mine Finders training program has remained of great interest to multiple contacts from my travels to Saudi Arabia, Oman and Turkey in June. We also have as many as three domestic groups that have expressed interest in investing in developing Hay Mountain. We will work on not only obtaining funds for Phase 1, but looking to future development funding capability as well.”

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

Forward-Looking Statements

Statements in this news release that are not historical are forward-looking statements. Forward-looking statements in this news release include all our planned drilling program and our planned trip to Asia. Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals to be accepted; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if our proposal is accepted, we may not be able to carry out the Mine Finders program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

Contacts

Agoracom Investor Relations
lbsr@agoracom.com
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
info@LibertyStarUranium.com
Follow Liberty Star Uranium & Metals Corp. on Facebook, LinkedIn & Twitter@LibertyStarLBSR

CLIENT FEATURE: Robix (RZX: CSE) Revolutionary Oil Spill Clean Up Technology

Posted by AGORACOM-JC at 12:41 PM on Thursday, September 25th, 2014

RZX: CSE

The Corporation is an “industrial products/technology” company, offering to investors a unique opportunity to participate in a leading company in the business of ownership of patents, and their development from commercialization to worldwide expansion through various business arrangements.

Highly Cost Effective – Clean Ocean Vessel

  • The COV’s rapid recovery rate and large on-board storage result in low per barrel recovery cost.
  • The COV’s simple design minimizes down time for repair and maintenance.
  • A two-man crew can be easily trained and the COV vessel can operate long hours without interruption
  • Detailed construction progress report is expected in August 2014, with testing and commissioning of the COV anticipated in Q3 of 2014

Design Versatility

  • COV’S can be scaled to meet various application requirements (sizes range from 10 Ft., 20 Ft., 40 Ft., 80 Ft., 100 Ft. (references to length of vessel
  • A standard 40-foot COV is 40 feet in length, 26 feet in width, and 12 feet in depth
  • The following page has a 3D visual description of a COV
  • Recently completed the engineering drawings for the Clean Ocean Vessel (COV) and ordered critical components to initiate construction on the COV

Recent Highlights

  • Creating a new business division, through a subsidiary entity, to enter into the marine industry.
  • Announced that Rick Carson, of Montreal, PQ, has agreed to join Robix as a Strategic Advisor.
  • Announced that it intends to enter into an agreement with Rayco Steel Inc., wherein Rayco shall work on completion of engineering construction drawings for the anticipated construction of the first Clean Ocean Vessel.

How the COV compares to the competition:

  • Rates of oil recovered and recovery-throughput efficiencies are noted as “oil rate of recovery” (ORR) and “recovery efficiency” (RE).
  • The water surface lifting force generated by the COV’s patented contra-rotating drums acts in a suction or pumping manner that increases the ORR compared to conventional skimmer systems and the RE of the COV is in the 90-97% range. This is competitive with best in class 21st century technology in terms of ORR and RE.
  • Further improvements to the ORR (in terms of gallons per minute) could easily catapult the COV to “top three” status, by increasing the surface area of the drums through design modifications without impairing the stability of the vessel which is inherent to the COV design.
  • When our competitors’ skimmer systems meet waves above 18 inches, they are forced to suspend service. The COV operates in rough sea conditions (as high as 8 feet waves), significantly out-performing its competitors, and stands in a class of its own.

Featured COV Technology

Company Objectives

  • Seeks to establish itself as a leading intellectual property holder to help meet the worlds growing energy needs, while considering the significant requirement to find and use the most effective integrated green energy solutions.
  • Protection of the environment, whether it is on land, sea, or in the air is still a growing global concern and in the 21st century, more than ever, it is imperative that effective products and services be available. Since its incorporation, Robix has sought to expand its capability to package and deliver these critical resources.

 

12 Month Stock Chart

St Greorges Platinum Signs Option Agreement with Exploration Khalkos Inc.

Posted by AGORACOM-JC at 9:08 AM on Thursday, September 25th, 2014

Montreal, Quebec /September 25, 2014 / St-Georges Platinum & Base Metals ltd (OTCQX: SXOOF) (CSE: SX) (FSE: 85G1) is pleased to announce that it has entered into an agreement to acquire the exclusive rights to the Poissons Blancs Nickel-Copper-Cobalt Property in Quebec from Khalkos Exploration Inc. (TSX-V:KAS).

The Poissons Blancs Property

The property consists of 93 contiguous mineral claims for a total area 5225 hectares located in the Saguenay Lac St-Jean region. The deposit was discovered in the 1970′s with most exploration work carried out at the end of the 1980′s. It is deemed to contain historic resources of 5.9 million tonnes at a grade of 0.21% Nickel, 0.11% Copper and 0.03% Cobalt (non-NI 43-101 compliant).

To acquire the Poissons Blancs property, St-Georges Platinum agreed to issue 800,000 shares of its capital over a period of 4 years starting in the Fall of 2015. Furthermore St-Georges agreed to transfer to Exploration Khalkos Inc. the Cooper Lake Project (Villebon East) which is comprised of 9 mineral claims in Abitibi, Quebec.

The parties agree to establish the commercial value of the Cooper Lake Claims and the Poissons Blancs Property at CAD450,000 each. A 1.0% NSR in favour of each company was assigned to their respective properties, the latter being exercisable at any time and half of the royalty can be purchased for the sum of CAN $500,000. St-Georges will establish an exploration strategy for this project and will be planning some exploration work for next spring and summer.

OTHER CORPORATE MATTERS

Julie Nickel-Copper-Cobalt & PGE Project

The Company has initiated permitting for a medium size drilling campaign along the section of its project referred to as the Julie Corridor. Samples from the fall 2013 surface campaign (channel cuts and surface drill cores) will be ready for lab analysis later this fall. St-Georges’ geological team is planning a campaign in two phases aimed at maximizing the project value. The first phase would be limited to a shallow drilling campaign targeting the 1.8 km corridor mineralized at surface. The goal of this campaign is to test for nickel mineralization at depths of maximum 50 meters along the 1.8 km target zone.

A second drilling and mapping phase of larger magnitude is planned to follow in early spring of 2015.

Isoukustouc Project

The Company is reviewing its options for Isoukustouc. Different groups have shown interest and limited due diligence has been initiated. At this time there is no serious discussions regarding either a sale, option or Joint-Venture on this project and the Company is still entertaining any third party proposal that would bring value to its shareholders.

Zambian Copper-Cobalt Acquisition

The Company is still involved in negotiations to acquire one or more large projects in Zambia near or in production. Different local vendors have shown renewed interest to enter a beneficial agreement with St-Georges but the Company’s management considers these discussions as “early-stage” and cannot comment on when or if they will have a positive conclusion in the short term.

Robert Gagnon, P.Geo is the independent qualified person who reviewed the geological information contained in this press release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Joel Scodnick”

Joel Scodnick, P.Geo

Vice-President Exploration

About St-Georges

St-Georges is a Platinum-Palladium & Nickel explorer with projects in the Province of Quebec, Canada. Headquartered in Montreal, the Company’s stock is listed on the CSE under the symbol SX, on the OTCQX under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. Its Flagship project is the Julie Nickel-Cobalt & Platinum Project on Quebec’s North Shore near the deep-seaport town of Baie-Comeau.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

INTERVIEW: Garibaldi (GGI: TSX-V) discusses surface sampling which recently returned high-grade silver up to 8,000 g/t Ag + high-grade gold up to 52.6 g/t Au

Posted by AGORACOM-JC at 4:56 PM on Wednesday, September 24th, 2014

WHY GARIBALDI RESOURCES CORP?

  • $1.7 million in working capital as per latest financials (Apr 30)
  • Attractive share structure
  • no warrants, no major financings since 2009
  • Drilling in progress – strong news flow from Mexico and B.C.

Hub On AGORACOM / Corporate Profile / Watch Interview!

CLIENT FEATURE: Garibaldi (GGI: TSX-V) Surface sampling recently returned high-grade silver up to 8,000 g/t Ag + high-grade gold up to 52.6 g/t Au

Posted by AGORACOM-JC at 11:02 AM on Tuesday, September 23rd, 2014

WHY GARIBALDI RESOURCES CORP?

  • $1.7 million in working capital as per latest financials (Apr 30)
  • Attractive share structure
  • no warrants, no major financings since 2009
  • Drilling in progress – strong news flow from Mexico and B.C.

LEADERSHIP. MOVING FORWARD. BUILDING VALUE.

  • Synergistic mix of business, market & geological expertise
  • Drilling underway at La Patilla Gold Property (high-grade targets) plus multiple drill-ready targets at 3 district-scale projects in Mexico
  • Largest landholder (262km2) among juniors in Sheslay Cu – Au porphyry discovery area at top of B.C’s Golden Triangle

GARIBALDI APPROACH AND ADVANTAGE IN MEXICO

 

Through the strength of its geological team and the use of cutting- edge technology and proprietary data, Garibaldi has built a foundation for lasting success in Mexico:

  • GGI continues to accurately pinpoint the most prospective targets for potential new discoveries in large, district-scale land packages
  • Project value is being cost-effectively unlocked
  • Financial strength is being built (i.e., sale of Temoris option, current Tonichi pilot coal program generating royalty income)

La Patilla Project

  • First-ever diamond drilling at the La Patilla gold property in Sinaloa state has returned highly encouraging gold values near-surface, including an interval grading 10.4 grams per tonne gold over 8.5
  • Five of six holes drilled to test the La Patilla vein system intersected broad zones of mineralization along 75 metres of strike length to depths of approximately 50 metres

Rodadero North Project

  • Drilling along almost 100 meters of strike length has returned significant high-grade silver intersections within 50 meters of surface, and mineralization remains open in all directions;
  • SE-14-03 intersected 1,935 g/t Ag (62.2 oz/t) between 4 and 5 meters’ depth while the most recent hole (SE-14-06) – the farthest step-out from previously reported discovery hole SE-14-01 – has produced the widest mineralized intercept to date;
  • Surface sampling at three target areas immediately southeast and east of Silver Eagle has returned high-grade silver (up to 8,000 g/t Ag) in addition to high-grade gold (up to 52.6 g/t Au) as explained further in this update;
  • As Garibaldi commences a second round of drilling at Silver Eagle, the total number of mineralized target areas within the 45 sq. km Rodadero North Project has increased from eight to 11.
  • Phase 2 diamond drilling continues, surface sampling results from mineralized outcrops indicate continued high silver values in addition to a significant increase in base metal content (up to 14.9% lead and 1.8% zinc) 1.5 km to 3 km south of discovery hole SE-14-01.

NORTHWEST B.C. – DOMINANT LANDHOLDER IN EMERGING SHESLAY CAMP


  • Successful exploration methods developed in Mexico are now being adopted to rapidly advance the company’s 100%-owned Grizzly Property
  • Multiple targets are being identified over 15 km from Grizzly West to Grizzly Central
  • GGI is the largest landholder among juniors in this highly prospective, under-exploited new Cu-Au porphyry discovery area in prolific Stikine Arch
  • Recently announced that it has acquired two highly prospective Cu-Au porphyry properties within the Stikine Arch

Red Lion

  • The Red Lion prospect, comprising 35 sq. km, is located 60 km south of AuRico Gold’s Kemess mine and adjoins the Kiska Metals’ Kliyul Cu-Au porphyry project under option to Teck Resources Ltd. The Red Lion shows extremely strong Cu-Au stream sediment geochemistry in both Government Regional Geochemical Survey responses and follow-up proprietary surveys. Access and infrastructure at Red Lion are excellent with the powerline to the Kemess South mine only three km away.

Mount Sister Mary (MSM)

  • The MSM prospect, comprising 58 sq. km, is located approximately 50 km northeast of Imperial Metals’ Red Chris mine and is underlain by similar Triassic and Jurassic volcanic and plutonic rocks. Government Regional Geochemical Survey responses confirm prior assessment work in which at least eight Cu-Ag-Au showings have been documented on the property.

12 Month Stock Chart


 

Supreme Appoints Chris Bechtel to Advisory Board

Posted by AGORACOM-JC at 8:35 AM on Tuesday, September 23rd, 2014

VANCOUVER, BRITISH COLUMBIA–(Sept. 23, 2014) - Supreme Pharmaceuticals Inc. (the “Company”) (OTCBB:SPRWF) (CSE:SL) is pleased to announce the appointment of Chris Bechtel to its advisory board. Mr. Bechtel brings a wealth of experience in capital markets, start-ups, and medicinal marijuana to the Company.

Mr. Bechtel launched a small business in the oil and gas industry in Houston, Texas in 1983 at the age of 23, which he then grew to revenues of over $30 million in six countries. In 2006, Mr. Bechtel sold his business to Weatherford International, one of the largest global providers of oil and gas services. Mr. Bechtel continues to run the original labs business, as well as other divisions for Weatherford, representing a combined staff of 2,500 employees and gross revenues of approximately $500M.

Mr. Bechtel became deeply involved in the marijuana industry after investigating the medical benefits of cannabis for an immediate family member. This led Mr. Bechtel to become a private investor in, and consultant and advisor to, over half-a-dozen companies in the cannabis sector.

“We are thrilled by this addition to our team,” said David Stadnyk, President and CEO of Supreme Pharmaceuticals. “Chris has a deep understanding of the cannabis industry, knows how to grow and run a large multinational business, and brings great strategic value to the Company.”

Mr. Bechtel stated, “Growing a fledgling startup into a successful international business was one of the most gratifying experiences of my career; Supreme is well on its way to taking the same journey, and I am excited to be able to support that process in an industry that can bring so many benefits to so many people.”

Supreme Pharmaceuticals Inc.
Investor Relations
(604) 674-2191
info@supreme.ca
www.supreme.ca

Start your small cap medical marijuana research in the AGORACOM Small Cap 
Medical Marijuana Stocks Gateway: 
http://agoracom.com/portal/Small%20Cap%20Medical%20Marijuana%20Stocks

KWG Makes International Patent Claim; Steel and Chrome Giants Interested in Offtake and Marketing Alliance, Engineering and Construction

Posted by AGORACOM-JC at 10:42 AM on Monday, September 22nd, 2014

TORONTO, ONTARIO–(Sept. 22, 2014) - KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) has filed an international patent application under the Patent Cooperation Treaty. This will provide KWG with the right to file patent applications in over 140 countries around the world in order to secure its rights to its new method of refining chromite ore into ferrochrome by means of natural gas. The disclosed subject matter of this PCT application is supported by results of ongoing metallurgical tests being conducted on behalf of KWG by XPS Consulting and Testwork Services.

KWG has received expressions of interest in creating two strategic alliances:

  • A global steel company has proposed to provide project engineering and construction expertise and to market intermediate products for primary stainless steel casting. In this regard, KWG is studying the opportunity to build a facility to produce custom-made stainless steel billets for global export to stainless steel makers for remelting and dilution with iron.
  • A large ferrochrome producer has proposed a strategic marketing alliance for the global charge chrome market.

The parties are mutually exploring terms for offtake agreements for such products that could support future project financing facilities. These plans are being developed based on the commercial potential of the new method of refining chromite ore into ferrochrome by means of natural gas disclosed in the patent application. The customized cast billets contemplated for production at the proposed casting plant could become an export vehicle for the combined content of Canadian chromium, nickel and iron and the hydro-electricity and natural gas consumed to produce them.

About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG has also acquired patent interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

Neither 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.

Cautionary Note Regarding ForwardLooking Statements: This Press Release contains or refers to “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “budget”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. All information, other than information regarding historical fact that addresses activities, events or developments that KWG believes, expects or anticipates will or may occur in the future is forward-looking information. Forward-looking information contained in this Press Release is subject to a number of risks and uncertainties that may cause the actual results of KWG to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, KWG. Risks and uncertainties may include: the general risks associated with the mining industry, adverse changes in commodity prices, currency and interest rate fluctuations, increased competition and general economic and market factors, risks associated with exporting custom steel billets, the risk that the new method of refining chromite ore into ferrochrome by means of natural gas that is the subject of the PCT application does not prove efficient or economical, the scope, likelihood of grant, enforceability, infringement, freedom to operate, or commercial value relating to the patent applications to be used to support the commercialization of the new method of refining chromite ore into ferrochrome by means of natural gas is worse than expected, the grant or approval of a patent on any invention disclosed in the patent applications relating to the commercialization of the new method of refining chromite ore into ferrochrome by means of natural gas is limited or does not materialize, completion of the off-take agreements does not materialize, completion of the strategic alliances does not materialize, the results of any feasibility studies, design, engineering or construction of the proposed project are worse than expected, or assumptions underlying the forward looking statements prove incorrect. We do not intend and do not assume any obligation to update these forwardlooking statements, except as required by law. Readers are cautioned not to put undue reliance on such forwardlooking statements.

Shares issued and outstanding: 777,842,468

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com