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Garibaldi drills 8.5 m of 10.4 g/t Au at La Patilla

Posted by AGORACOM-JC at 6:13 PM on Thursday, April 24th, 2014

GARIBALDI INTERCEPTS 10.4 G/T AU OVER 8.5 METERS NEAR-SURFACE IN FIRST-EVER DIAMOND DRILLING AT LA PATILLA

Garibaldi Resources Corp. has provided a progress update on its exploration activities in Mexico. Of particular note, 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 metres in LP-14. First-pass metallurgical testing is now under way in advance of a planned follow-up phase 2 drill program as Garibaldi systematically moves this project forward.

La Patilla highlights:

LP-14 intersected 10.4 grams per tonne gold over 8.5 metres within a wider 30-metre interval grading 3.1 grams per tonne gold;
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;
Mineralization remains open in all directions, including at depth, and consists of gold-bearing quartz veins and breccia bodies in an epithermal, low-sulphidation system.

Regional highlights:

Garibaldi starts drilling test hole at Rodadero high-grade silver target in northern Sonora state;
First-ever drill program at Iris, adjacent to two operating mines in Chihuahua state, is scheduled to commence after completion of drilling at Rodadero.

Steve Regoci, president and chief executive officer of Garibaldi, commented: “This initial shallow drilling at La Patilla, where artisanal miners have been operating for decades, is an exceptional start for us. Our next step, which we have already commenced, is a preliminary test program for recovery using cyanide to determine the amenability of the mineralization to possible heap leaching. We look forward to the next round of drilling at La Patilla, which will test a potential source at depth for the near-surface mineralization we’ve confirmed in the vein system. Secondary structures/zones will be investigated further as well. Regionally, through the same cost-effective approach that gave us success with the Temoris option, we’re now at an exciting new stage of exploration not only at La Patilla, but with developments in Sonora at Tonichi and initial drilling at both Rodadero and Iris.”

  SHALLOW DRILLING HIGHLIGHTS 
            LA PATILLA VEIN SYSTEM 

Hole         From (m)   To (m)  Length (m) Au (g/t)

LP-14              11       41         30      3.1
includes         32.5       41        8.5     10.4
includes         38.5     39.5          1     82.3
LP-12            34.5     45.3       10.8      1.9
includes         39.2     41.5        2.3      6.8
LP-10               0     31.6       31.6      0.8
LP-03             3.1       42       38.9      0.8
includes         15.7       42       26.3      1.1
LP-02             3.6     17.3       13.7      0.9

Reported widths are believed to closely
approximate true width.
All intervals were calculated using a
0.2-gram-per-tonne-gold cutoff.
Up to 8.5 metres of contiguous samples below
cut-off have been included in the larger
intercepts in LP-14 and LP-03.

The presence of mineralization in the wallrocks of the La Patilla vein system could be favorable for a bulk mining open-pit scenario with a relatively low strip ratio. Results from two shallow exploratory holes adjacent to the La Patilla vein system suggest these areas warrant follow-up work. Hole LP-13 (the Jose vein) returned 5.8 grams per tonne gold over 2.5 metres and 2.1 grams per tonne gold over 1.5 metres from different near-surface depths. Meanwhile, hole LP-04 (collared 75 metres east of LP-14) cut two zones in a stockwork system: 0.4 gram per tonne gold over 10.5 metres and 0.5 gram per tonne gold over 10.7 metres.

Results from the second main target, the Murcielago breccia located to the northeast of the La Patilla vein system, were partly inconclusive due to poor recoveries and the fact that the most important holes to test under the high-grade mineralization in the underground workings were not completed to the target depths because of difficult drilling conditions (the most significant intersection from seven holes was 18.6 metres grading 0.6 gram per tonne gold in LP-01). The prospective Murcielago area will be followed up through reverse circulation drilling.

An updated map for the La Patilla gold property, including locations for all 15 holes totalling 1,245 metres, can be found on the company’s website.

Rodadero and Iris projects

Garibaldi is using its company-owned drill rig for a test hole, currently in progress, at the Rodadero property in Sonora state. Aided by its hyperspectral remote sensing technology, Garibaldi is now focusing on a 6,500-hectare area at Rodadero with high-grade silver targets and the potential for an epithermal gold system. This property has never previously been drilled.

Meanwhile, Garibaldi is preparing to drill a series of first-ever holes at the Iris project strategically located in the heart of a robust mining and exploration camp in Chihuahua state. Agnico Eagle Mines Ltd. and Carlos Slim’s Minera Frisco have operating mines immediately adjacent to Iris.

Tonichi project — Locust target

Garibaldi continues to advance its Locust copper-gold porphyry target that forms part of its Tonichi project in Sonora state. Based on local zonation patterns in the context of classic porphyry models grading outward from a core, attention is now focused on an area just over half a kilometre north of the three most recently completed holes, MAR-13-03, MAR-13-02 and MAR-13-01. To date, Garibaldi has completed 3,000 metres of diamond drilling in 17 widely spaced holes at Locust. A series of breccia bodies have been outlined along an east-west-trending shear zone coincident with a broad envelope of gold and copper mineralization mapped over a five-kilometre trend and one to two kilometres across. MAR-13-03 was designed to test the geological continuity of the hypogene zone intersected in MAR-13-02. MAR-13-03 reached 254 metres, intercepting strong potassic, sericitic and propylitic alteration with narrow zones of anomalous copper and gold mineralization. The wide intercepts of anomalous to low-grade copper-gold mineralization and porphyry-style alteration/mineralization in holes MAR-13-03 and MAR-13-02 are located 800 metres west of MAR-13-01 and over two kilometres west of the original Locust target, providing a significant step-out to the area tested.

Quality assurance and control

Garibaldi maintains strict quality assurance/quality control protocols for all aspects of its exploration programs that include the systematic insertion of blanks and standards into each sample batch. ALS Chemex and Acme Labs (now part of the Bureau Veritis group, which includes BSI Inspectorate) performed assay analyses reported in this release. All samples were assayed using the respective laboratories’ certified and industry standard assay techniques for gold and multielement packages and for overlimits. Gold was analyzed by 30-gram or 50-gram fire assay with an atomic absorption finish, and other elements were analyzed by multielement ICP.

Qualified person

Dr. Craig Gibson, certified professional geologist and a director of Garibaldi, is a non-arm’s-length qualified person for the company’s Mexico projects and the direct manager of the technical programs operated under contract by Prospeccion Y Desarrollo Minero del Norte (ProDeMin). Dr. Gibson has reviewed and approved the contents of this news release.

KWG Resources Inc. — CEO Interview — Round 4 In The Ring of Fire

Posted by AGORACOM-JC at 10:24 AM on Wednesday, April 23rd, 2014

Welcome to our CEO Interview, a production of AGORACOM in which we speak with small cap executives. With us today is Frank C. Smeenk President & Chief Executive Officer of KWG Resources Inc.

Hub On AGORACOM / Corporate Profile / Corporate Website

KWG Announces Proposed Chromium Intellectual Property Acquisition

Posted by AGORACOM-JC at 11:51 AM on Monday, April 21st, 2014

TORONTO, ONTARIO–(April 21, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG“) today announces that it has entered into an agreement to acquire fifty-percent of the ownership rights in two United States provisional patent applications (which include a fifty-percent interest in any of the vendor’s associated intellectual property) (the “Chromium IP“) relating to the production of chromium iron alloys directly from chromite ore, and the production of low carbon chromium iron alloys directly from chromite concentrates (the “Chromium IP Transaction“). The Chromium IP Transaction includes the right to use these provisional patent applications as the basis for filing additional patent applications in the United States, Canada and elsewhere worldwide.

The parties’ interests in the Chromium IP will be held through a limited partnership (the “LP“) established by the vendor and KWG for purposes of completing the Chromium IP Transaction and developing and exploiting the Chromium IP. The limited partners of the LP will be a wholly-owned subsidiary of KWG and a corporation beneficially owned by the vendor. The general partner of the LP, which will manage the business of the LP, will be another wholly-owned subsidiary of KWG.

The vendor has agreed to assign its fifty-percent interest in the Chromium IP (to be held by the LP) in exchange for 25 million units of KWG (each, a “Unit“), with each Unit comprising one common share of KWG and one common share purchase warrant of KWG exercisable at a price of $0.10 for 5 years from closing date of the Chromium IP Transaction.

KWG will have the option to acquire a further 25% interest in the Chromium IP from the vendor (held through the LP) in exchange for the issuance of an additional 12.5 million Units to the vendor at any time within one year from closing (the “First Option“). If the First Option is exercised, KWG will have an additional option to acquire the vendor’s remaining 25% interest in the Chromium IP (held through the LP) in exchange for the issuance of a further 12.5 million Units to the vendor at any time within one year after the exercise of the First Option (the “Second Option“), thereby acquiring 100% of the LP.

In November 2013, KWG announced that it was very encouraged with the results of ongoing metallurgical test work to determine the thermodynamics of metalizing the chromite from the Black Horse deposit that forms part of KWG’s Koper Lake Project by its reduction with natural gas.

The closing of the Chromium IP Transaction is subject to acceptance of the TSX Venture Exchange. The company has also applied for TSX Venture Exchange acceptance of a further flow-through private placement of 2.2 million units for total proceeds of $220,000. Each unit comprises one flow-through treasury share and one warrant which may be exercised to acquire a further flow-through share for $0.15 at any time within twelve months. All securities issued are subject to a four-month hold period.

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 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 Forward‐Looking 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. Should one or more of these risks and uncertainties, such as: the actual results of current exploration programs, 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, the risk that the new method of refining chromite ore into ferrochrome by means of natural gas that is the subject of the Chromium IP Transaction does not prove efficient or economical, the scope, likelihood of grant, enforceability, infringement, freedom to operate, and commercial value relating to the patent applications to be used to support the commercialization of the Chromium IP, the grant or approval of a patent on any invention disclosed in the patent applications relating to the commercialization of the Chromium IP, and any expected benefit of commercialization relating thereto occur, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward‐looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward‐looking statements.

Shares issued and outstanding: 750,312,273

Contact Information

 

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext103
[email protected]

AGORACOM Client Feature: (SRA: TSX-V) Stria Capital – A New Source, A New Process for Technology Lithium

Posted by AGORACOM-JC at 2:22 PM on Wednesday, April 16th, 2014

SRA: TSX-V

Why Stria Capital?

  • Aiming to become one of the lowest cost producers in the world for battery- grade technology lithium — critical for high-technology green energy industries.
  • Management is key. Stria has assembled a truly world-class, experienced and accomplished team.
  • Stria’s strategic, cost-effective exploration substantially reduces the risks and expenditures of exploration by focusing on deposits that are readily available to advance.
  • Stria’s unique and extensive experience in understanding and utilizing the latest, most-advanced geophysical tools affords the Company a competitive edge within the industry.
  • The lithium market remains robust with tremendous upside potential versus other metals.

A New Source, a new process for technology lithium

Several foreign nations are already stockpiling materials critical to the emerging green technology economy, which means a reliable North American supply of high quality lithium-based products has never been more urgent. At Stria, we believe Canada has a key role to play in the green tech economy, and we plan to be a part of it by carving out a supply and technology niche in the critical and strategic metals world.

Julien Davy, President and Chief Operating Officer of Stria Capital Inc discusses the company’s revolutionary on-site processing technology for Technology-Grade Lithium.

The Stria strategy …

Stria, through a business plan combining strategic alliances and property acquisition, aims to be among an elite group of Canadian producers helping to drive the clean tech economy through the provision of a dependable supply of “home-grown” lithium carbonate and through innovative mineral processing and purification technologies for primary lithium-spodumene ore.

Pontax-Lithium property …

Stria holds 100 per cent ownership of the Pontax-Lithium property located in the west-central James Bay territory in northern Quebec.

The property, which Stria acquired from Khalkos Exploration Inc. in 2013, is host to a recently discovered swarm of a dozen spodumene-bearing (a lithium mineral) pegmatite dikes, each one metre to 10 metres in thickness, plus a series of small centimetre-thick dikelets.

The lithium-bearing dikes outcrop over an area of 450 metres by 100 metres (for more information, click here to view the NI-43-101 Technical Report (Girard,2013) on the Pontax-Lithium Property).

Close-up view of Pontax’s spodumene-bearing pegmatite. The light grey spodumene is idiomorphic and lath-shaped. The intergranular grey mineral is quartz.


Willcox Lithium / Arizona

Stria holds 100 per cent ownership of the Willcox Lithium project, located in Cochise County, Arizona. Acquired through the purchase of Pueblo Lithium LLC from AGR-O Phosphate Inc. in 2014, the property is comprised of 61 lode mining claims.

Willcox Playa is located a few kilometres south of the city of Willcox in north-central Cochise County, 120 km east of Tucson. This barren flat — elevation 1,260 metres (approx. 4,136 feet) — is the lowest part of Willcox basin, which is the northern end of Sulphur Springs Valley. The location is known for its lithium content, and Willcox Playa was part of the U.S. Geological Survey’s 1978 drill program testing lithium distributions in the late Cenozoic sedimentary basin.

 Hub On AGORACOM / Corporate Website

St. Georges Signs Conditional Purchase Agreement

Posted by AGORACOM-JC at 4:14 PM on Monday, April 14th, 2014

Montreal, Quebec, April 14, 2014 – St-Georges Platinum and Base Metals Ltd. (OTCQX: SXOOF) (CSE: SX) (FSE: 85G1) is pleased to report that it has entered into a conditional purchase agreement with Copper Dynasty Corp. and Zhongda Power Fuel Co. Ltd of Hong Kong, China, for the delivery of copper concentrate.

The agreement is based on the delivery of 20,000 metric tonnes per month of copper concentrate (240,000 metric tonnes per year). The concentrate grade is expected to be of 25% copper. The concentrate is expected to originate from the Zambian Projects of the Company and be transported for delivery to the South African port of Durban (a distance of 2,649 km). The agreement calls for the use of the alternative ports of either Beira (Mozambique, 1,904 km) or Dar es Salaam (Tanzania, 2,370 km) with 90 days prior notice from the Company. The price agreed upon is set at a 50% discount from the copper metal price published by the London Metal Exchange (LME) 3 days prior to the monthly delivery date.

The agreement will be valid for a period of 5 years from the initial delivery and its enforcement is conditional to the closing of the acquisition of the Zambian projects by St-Georges, the ability of the Company to finance the production upgrade on its Zambian Projects and the existence of a mineral resource (defined or not defined) on these projects and the ability to obtain and maintain permitting for the duration of the 5 year contract. St-Georges will also be allowed to suspend delivery at its discretion if the LME price for copper reaches $2.25/lb. or lower. An additional commodity brokerage fee of 2% of the net profits will be returned to Copper Dynasty Corp.

A bulk calibration order of 200 metric tonnes should be delivered by the Company to the port of Durban within 60 days from the signing of the contract or within 30 days of the final closing of the projects acquisition by the Company.

“This agreement is an important milestone for St-Georges,” commented Rob Gardhouse, President & CEO of the

Company. “This positions St-Georges to generate significant revenues in the coming years through the sale of copper concentrate to Copper Dynasty Corp. and Zhongda Power Fuel Co. Ltd. from its Zambian Projects.”

About the Zambian Projects

In a news release dated February 5, 2014, St-Georges Platinum announced that it entered into a binding agreement to acquire 100% of two mineral mining projects in the Kasempa and Mwinilunga Districts in Northwestern Zambia.

The Mwinilunga Copper-Cobalt-Gold Project. Covering 740 hectares, the project is located close to the

Angola and DRC borders and is in the vicinity of CopperZone and Vale Inco’s Luamata Joint-Venture Project. Current small scale punctual production of 3,000 tonnes of Copper Concentrate (15%) per month on the mining license will be consolidated under St-Georges’ control at closing of the transaction, and will be managed under a service agreement to be finalized before the end of the due diligence period.

The Shongwa IOCG & Nickel Project. Covers an area of 726 km2 and is located approximately 60 km northwest of the town of Kasempa. There is a current JORC Definitive Feasibility Study (DFS) in place and the Company plans to verify and integrate the historical and JORC information into new NI 43-101 reports, and is currently evaluating the level of work required. The Company further expects to initiate work on a NI 43-101 compliant Preliminary Economic Assessment Study (PEA) later in 2014 or early 2015, conditional to the closing of the acquisition transaction.

ON BEHALF OF THE BOARD OF DIRECTORS

“Mark Billings”

MARK BILLINGS, DIRECTOR

About St-Georges

St-Georges is a vertically integrated Platinum-Palladium-Gold, Copper-Cobalt & Nickel Explorer and Developer. 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. For additional information, please visit our website at www.stgeorgesplatinum.com

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.

Update on Management Positions and Sampling Process

Posted by AGORACOM-JC at 9:35 AM on Thursday, April 10th, 2014

VANCOUVER, BRITISH COLUMBIA / April 10th 2014 / Pacific Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P, “Pacific Potash”, “the Company”) is pleased to announce:

Appointment of Dr. Cookenboo to replace Mr. Costa as Consulting Geologist for the Amazonas Potash Project

The Company today announces the appointment of Dr. Harrison Cookenboo as its geological consultant in charge of the development of the Company’s Amazonas Potash Project. Dr. Cookenboo, Ph.D., P.Geo., is a member of the British Columbia Association of Professional Engineers and Geologists, and a Fellow of the Geological Association of Canada. Dr. Cookenboo co-authored the Company’s initial 43-101 technical report on the Amazonas Potash Property. He has consulted, examined, evaluated and reported on numerous Brazilian based projects including commodities such as diamonds, gold, silver and many more commodities since the early 2000’s.

Dr. Cookenboo replaces Mr. Andre Costa who tendered his resignation as Chief Geologist to the Company, effective February 28, 2014, to pursue other independent consulting assignments.

Appointment of Mr. John Santos as General Manager of Potassio Ocidental

The Company also announces the appointment of Mr. John Santos as the General Manager of the Company’s wholly owned Brazil subsidiary, Potassio Ocidental. Mr. Santos is a businessman with experience dealing in all aspects of the Brazilian mining industry including government negotiations and reporting.

Update on Shipment of Samples

Further to the Company’s new release of March 31st, 2014, Mr. Santos reports that Potassio Ocidental continues to work with the Brazilian government on acquiring the export permit to ship the core samples to Vancouver, Canada by air freight via Belo Horizonte and Toronto. Management anticipates that results will be available in approximately 3 weeks. Management wishes to thank shareholders for their patience.

We Seek Safe Harbor.

On behalf of the Board,

Pacific Potash Corporation

Balbir Johal

Executive Co-Chairman, Director & CEO

For further information, please visit our website at www.pacificpotash.com or +1 604.895.7446.

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.

Caution concerning forward-looking information
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Pacific Potash in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Pacific Potash’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Pacific Potash disclaims any obligation to update or revise any forward-looking information or statements except as may be required.

KWG Board Expanded to Include Donald Sheldon

Posted by AGORACOM-JC at 5:05 PM on Tuesday, April 8th, 2014

TORONTO, ONTARIO–(April 8, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) announces that its Board of Directors has resolved to increase its number to five and appoint Donald Alexander Sheldon, B.A.Sc. (1970 University of Toronto), M.A.Sc. (1972, University of Toronto), LL.B. (1974, Osgoode Hall Law School at York University), P.Eng. (1973, Association of Professional Engineers of Ontario) as a Director of the Company.

Mr. Sheldon is a mining securities lawyer practising at the firm of Sheldon Huxtable Professional Corporation in Toronto. He is also a professional engineer. Mr. Sheldon has been practicing corporate and commercial law for over 30 years with an emphasis on corporate finance and securities regulation. He is licensed to practice law in both Ontario and Alberta. He is and has been the director and/or officer of numerous other public corporations listed on Canadian stock exchanges.

The Company also announces that 8.4 million options exercisable at $0.10 each were granted under the Company’s Incentive Stock Option Plan. Of these 1.6 million were granted to employees, 1.8 million to officers, 0.5 million to an officer and director, and 4.5 million to directors.

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 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: 750,312,273

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext103
[email protected]

Pacific Potash Corp Announces Joel Mendes Renno Jr as Adviser

Posted by AGORACOM-JC at 9:34 AM on Tuesday, April 8th, 2014

VANCOUVER, BRITISH COLUMBIA / April 8th 2014 / Pacific Potash Corporation (TSX-V: PP; OTCQX: PPOTF; FSE: P9P, “Pacific Potash”, “the Company”) is pleased announce the appointment of Mr. Joel Mendes Renno Jr. as special advisor to the Company for the purposes of assisting in the development of the Amazonas Potash Project in matters related to government policies and funding. The Company has provided Mr. Renno a strong and broad mandate to use his special expertise in the legal, financing and mining sectors in Brazil to increase shareholder value.

Mr. Renno J.D., has extensive knowledge and experience in the legal, operations, finance and investment sectors within the capital market industry, most notably with the EBX Group of Companies spearheaded by Eike Batista. Having held numerous executive positions within EBX Group, including Managing Partner, Co-Head of Corporate Finance and Senior Corporate Counsel for EBX Holding Ltda, he was involved in an array of acquisitions with emphasis in the resource sector, and assisted in growing the company’s profile both within Brazil and internationally.

Mr. Renno’s executive and senior management experience encompasses all types of transactions, with main areas of practice focused on: public and private mergers and acquisitions (local and cross-border), public and private equity, hybrid and debt offerings, exclusive sale assignments, joint ventures, corporate restructuring, tax planning and business creation and development.

In addition to advising Pacific Potash with the development of the Amazonas Potash Project, he will also assist in reviewing properties for potential acquisition within the agriculture and mining sectors, as well as accessing potential joint venture partners and raising concurrent financing.

There is no assurance that the Company will acquire additional assets, and in the interim, management continues to evaluate all transactions, opportunities and activities in respect of the Amazonas Potash Project in Amazonas State, Brazil.

On his appointment, Mr. Renno was granted 250,000 share purchase options exercisable at $0.055 per share for a period of 10 years pursuant to TSX policies.

We Seek Safe Harbor.

On behalf of the Board,

Pacific Potash Corporation

Balbir Johal

Executive Co-Chairman, Director & CEO

For further information, please visit our website at www.pacificpotash.com or +1 604.895.7446.

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.

Caution concerning forward-looking information
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Pacific Potash in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Pacific Potash’s actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Pacific Potash disclaims any obligation to update or revise any forward-looking information or statements except as may be required.

Mining and Medical Marijuana

Posted by AGORACOM-JC at 6:29 PM on Monday, April 7th, 2014

Dear Member,

The company we are about to introduce has a market cap of roughly $3 million. Its share price is $0.065, and there are approximately 46.5 million shares outstanding. On March 19th and 20th of 2014, this company’s stock price hit an intraday high of CDN$0.135 and CDN$0.13 respectively.

There has been nearly $30 million spent on this company’s 100% owned Platinum Group Metals exploration project. The project is known as the River Valley Project, an asset with a compliant *NI 43-101 resource estimate (completed by an internationally known engineering company) in the Measured and Indicated and Inferred categories (we’ll get to this shortly).

Approximately 500 drill holes have been completed on the Project and it is one of the largest un-developed primary PGM (Platinum Group Metals) projects in Canada. Furthermore, the Project has been worked on by our Featured Company since the late 90’s. Through commodity bull and bear markets, this company has stuck to its vision.

There is major significance in the fact that this is an established Platinum Group Metals exploration project located in Canada. Residing in Ontario, the project lies within the country’s premier Ni-Cu-PGM mining and smelting district, which boasts strong infrastructure and community support for mining activities.

Platinum and palladium, the two key metals within our new Featured Company’s flagship project, face major supply threats right now. The reason being is that South Africa and Russia control an approximate 80% of the world’s PGM production – two countries which have become unfriendly and even hostile to miners and more generally, the Western World (more on this shortly).

In Canada, there is but one stand alone PGM producer – it is located in Northern Ontario… our new Featured Company’s President was previously Vice President Exploration for that very company. And our new Featured Company’s advanced staged exploration project, as mentioned, is also located in Ontario.

Have you been watching some of Canada’s medical marijuana-related stocks of late?

Kind of a strange question to ask when talking about a mining play, right? Not in this case.

In addition to its 100% owned Platinum Group Metals Project, on March 7, 2014 it was reported that our new Featured Company controlled 3,844,445 common shares of Next Gen. Next Gen’s share price is up several hundred percent since the start of the year and traded millions since March 1st. Next Gen’s shares closed trading on Friday at $0.34.

There is a lot of speculation surrounding the Medical Marijuana Industry given the new legislation in Canada, which we’ve written about in previous letters; it is a sector we want some exposure to.

The Medical Marijuana Industry is in its infancy as a legitimate corporate industry. While no one can accurately predict the height this new industry may reach, estimates by Health Canada and ArcView Angel Investors are that the sector will grow 10 fold and become an industry of more than $10 billion annually over the next 5 years.

So, in our hunt for a play that provided some exposure to the Medical Marijuana Industry, while still being focused on a proven and fundamentally sound sector, we identified Pacific North West Capital (PFN:TSXV) (PAWEF:OTCQB) (P7J:Frankfurt), our new Featured Company.

While the mining and medical marijuana industries seem like polar opposites, when reading this report you’ll understand the connection our new Featured Company has to both.

We selected Pacific North West Capital as a client and Featured Company based on the merit of its 100% owned PGM asset. This asset is one of the largest undeveloped primary PGM (Platinum Group Metals) projects in Canada. The significant ownership the company has in Next Gen is just icing…

The Story

Pacific North West Capital Corp., or PFN, has a market cap of roughly $3 million. It owns 100% of an advanced PGM (Platinum Group Metals) exploration project with a high confidence *NI43-101 compliant resource estimate. Majority proportion of that resource estimate is in the Measured and Indicated categories. The project is known as the River Valley Project and exploration on the asset goes back to the late 90’s.

Roughly 100km from Sudbury, Ontario, one of Canada’s mining epicentres, PFN’s River Valley Project has had nearly $30 million spent on it since 1998. The company recently raised $500,000 through equity, has relatively low carrying costs on its advanced-staged exploration project and has a management team that has raised more than $200 million in its career…

Like the majority of junior miners, Pacific North West Capital was sold off heavily over the last few years, and its current market cap is evidence of that.

Pacific North West Capital’s major shareholders include:

  • Anglo Platinum (the world’s largest primary producer of Platinum): owns approximately 5.8% of PFN
  • Stillwater Mining (largest producer of palladium and platinum outside of Russia and South Africa): owns approximately 4.1% of PFN
  • PFN Management and Insiders: own approximately 15.8% of PFN

Palladium, platinum and gold are the most influential metals PFN is targeting at its River Valley Project. However, as it is a polymetallic project, it also hosts copper, nickel and rhodium.

PFN’s River Valley PGM Project Highlights

  • 3 Million ounces of PGMs (5 Moz PdEq) – details in charts and links below
  • On a PdEq basis, the Measured + Indicated resources contain 3,944,000 ounces PdEq and the Inferred resources contain 1,201,000 ounces PdEq
  • PGM mineralized zones are open to expansion through continued exploration
  • 100% owned by Pacific North West Capital Corp. (subject to 3% NSR)
  • Located on Mining Leases within 100km of Sudbury’s Metallurgical Complex
  • Substantial exploration upside for high grade locally and regionally (see diagram below)
  • PFN also holds 100% ownership of a substantial regional exploration portfolio around the River Valley PGM Project, with over 30 un-drilled exploration targets. (they do have one 70%-30% joint venture)
  • South African and Russian PGM supply decreasing and PGM demand increasing (more details shortly)
  • PFN management are currently evaluating the project’s resources for development of a potential open pit mining operation
  • With renewed interest in North American PGM Projects, increasing demand and diminishing supply, management’s objective is to option/joint venture the River Valley Project.

Click here for investor presentation and complete description of the above mentioned highlights.

* Link to Table 1 – NI 43-101 Compliant Mineral Resources for the River Valley PGM Project Sudbury, Ontario

Link to 2012 NI 43-101 resource estimate press release

  • Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resource will be converted into mineral reserves
  • Long-term forecast prices (US$): $896/oz Pd, $1885/oz Pt, $1271/oz Au, $3.0/lb Cu, $9.7/lb Ni, $15.9/lb Co
  • Resource estimation based on 462 holes for 100,000 metres drilled at sectional spacing of 25 metres to 100 metres on eight separate mineralized zones
  • Click here to read the Technical Report and Resource Estimate on the River Valley PGM Project, Northern Ontario – dated June 13, 2012
  • Further details on the River Valley PGM Project and its NI 43-101 compliant resource estimation can be viewed here

In Canada, the only stand alone PGM producer is North American Palladium. After a telephone call with a company spokesperson, we learned that North American Palladium ships its concentrates approximately 800km from Northern Ontario to Sudbury, where there is excess capacity at the metallurgical complex. Pacific North West Capital’s River Valley Project is roughly 100km away from that same complex. Dr. Bill Stone, President of Pacific North West Capital, was previously the Vice President Exploration for North American Palladium.

Threats Facing Platinum and Palladium Supply

The majority of Platinum Group Metals (PGMs) are sourced from South Africa and Russia. Those two nations virtually control the industry.

Platinum Group Metals make up some of the most valuable and densest known elements in the world, with demand rising for their use in the auto industry to mitigate vehicle pollution as well as being used in the most valuable of jewellery.

With political tensions resembling that of the Cold War, and sanctions between Putin and Western Nations being thrown back and forth, consider Russia’s source of PGMs in jeopardy, particularly its palladium supply. Producing roughly 40% of the world’s palladium, Russia is the world’s largest producer.

The Wall Street Journal reported this past week, in a report titled Auto Demand Is Liable to Drive Platinum and Palladium Higher that,

“Signia Wealth investment strategist Gautam Batra reckons potential trade disruptions in Russia stemming from U.S. sanctions in reaction to the annexation of Crimea could push palladium prices to $1,000 an ounce.”

The WSJ continued,

“Furthermore, the nation [Russia] has traditionally held some of its mined palladium in government stockpiles, which it has then sold into the market, but many observers expect these reserves to be all but exhausted.”

South Africa is the world’s largest producer of platinum and the second largest palladium producer. It has produced 80% of the world’s platinum and 37% of its palladium. From a mining-friendly perspective, that country is a mess.

For starters, the South African government has proposed radical resource nationalism tax reform, including a proposed law that would see the state take an automatic 20% ownership in foreign mining ventures. Additionally, there has been deadly strikes from miners within the country in recent years. Furthermore, the WSJ reported this past week that,

“A strike in South Africa, now in its third month, has cost producers there upward of 500,000 ounces of platinum production and over 100,000 ounces of palladium production, according to analyst estimates.”

In respect to the South African platinum mine strikes, Business Insider reported in late January of this year, in a report titled “The World’s Three Largest Platinum Mines Are Going On Strike” that,

Mine workers in South Africa want their wages doubled. And that mine owners claim it is an “unaffordable” request. The article continued,

“Top three companies Anglo-American Platinum (Amplats), Impala Platinum (Implats) and Lonmin confirmed that the strike had begun at their operations in the platinum belt, northwest of Johannesburg.”

Business Insider stated in that same article,

“Fearing the strike could spark violence in a region where over 40 people were killed during a wildcat strike in 2012, mine owners began shuttering operations on Wednesday night.”

This leaves Canada poised to potentially become a secure, future source for some of the same key PGMs hosted at Pacific North West Capital’s 100% owned flagship project.

PFN’s River Valley Project has Quite a History

The River Valley Project mineral claims were optioned by PFN in 1998, following the discovery of highly anomalous PGM values in grab samples. The property was subsequently optioned by PFN to Anglo Platinum in 1999.

Anglo Platinum (the world’s largest primary producer of Platinum) continued to fund exploration under the terms of the option and joint venture agreement and invested roughly $22 million in the exploration, including approximately 500 drill holes on the property for a 50% stake in the joint venture. Joint venturing with the world’s largest primary producer of platinum was advantageous for PFN as it expedited development while mitigating dilution over the years.

In and around 2008/2009, Anglo Platinum cut off exploration dollars to their overseas projects (they are South African based) due to the global economic crisis.

“Out of Every Crisis Comes Great Opportunity”
– Jim Rogers

As a result of Anglo Platinum’s decision to cut off exploration dollars to overseas projects at the time, the River Valley Project sat relatively dormant until April 2011, when after negotiations, PFN’s CEO, Harry Barr and his team, successfully closed a transaction allowing PFN to acquire Anglo Platinum’s 50% stake in the River Valley JV giving PFN 100% of the project. The transaction issued 12% of PFN’s outstanding shares, (as of January 2011) to Anglo Platinum. Through its share ownership in PFN, Anglo Platinum could benefit on any future success of the River Valley Project.

After acquiring 100% of the project in 2011, PFN commenced a $5,000,000 exploration program on its River Valley Project.

That $5 million exploration program cost more than the entire market cap of PFN today. And PFN raised the money privately through management’s international database of investors.

Infrastructure

Given its location in the historic mining region of Ontario, access and infrastructure surrounding the River Valley Project is excellent. There is a paved highway from Sudbury to the River Valley Property and a skilled workforce is available in the region. It’s important to note that Sudbury already has a metallurgical complex, controlled by two international mining companies. PFN’s River Valley Project is roughly 100km away from the complex.

North American Producers are Limited at the Moment

In North America there are only two primary producers of Platinum Group Metals. In Stillwater Montana there is the Stillwater Mining Company and they control one of the richest platinum group metal projects in the world. This high grade deposit has two active mines within. Stillwater Mining Company has a market cap of roughly $1.78 billion.

It is noteworthy that approximately 3.5 years ago, Stillwater acquired an un-developed copper/pgm, bulk mineable deposit in Marathon Ontario in a deal worth approximately $118 million. They purchased the junior miner who owned it – and the rest of its assets – known as Marathon PGM, in that transaction.

At the time of the buyout, Stillwater’s CEO, Frank McAllister stated “This transaction offers significant value and upside potential to Stillwater shareholders, and as the Marathon PGM/Copper project is one of the few near-term PGM development opportunities on this continent, it solidifies our position as North America’s leading PGM producer.”
source: Dr. Bill Stone, President of Pacific North West Capital, was previously the Vice President Exploration for North American Palladium.

The PFN and Next Gen Connection

On March 7, 2014, it was reported in this press release that,

“Mr. Barr also reports that all members of the Board of Directors of Pacific North West Capital Corp. (“PFN”) exercise deemed control over the voting of the 3,844,445 common shares of N [Next Gen] that are held by PFN.”

Next Gen’s management is largely the same as the PFN team. Harry Barr is the CEO of both Next Gen and Pacific North West Capital.

Mr. Barr has over 30 years experience in the mining industry and has built teams to assist him in corporate finance, project acquisition, and exploration and development of mineral projects in 9 countries and 3 continents. As CEO he has guided his management teams to complete over 300 option joint venture agreements with major, mid-tier, and junior companies. Mr. Barr has raised over $250,000,000 to advance projects throughout 9 countries.

Why would Harry Barr get involved in the Medical Marijuana/Hemp Industries?

There are a couple key reasons.

Mr. Barr’s expertise in the mining industry is evident, but first and foremost, he is a venture capitalist. He seeks out opportunities in which growth is projected and aligns his interests and expertise if it makes sense. Obviously, his ability to raise substantial amounts of capital is an important asset that could be utilized in this new industry in need of ‘shirt and tie’ professionals.

Additionally, and perhaps most important, are his connections to the hemp farming industry. Roughly one hundred and fifty years ago, Mr. Barr’s ancestors began farming in the Ottawa Valley. The family farm, ran by his grandfather, was producing hemp, which was used primarily for rope.

At 23, a young Harry Barr graduated from the University of Guelph in Agribusiness and began a career that forged him into a global mining executive and financier. With Next Gen, Barr plans to incubate and mentor those legal marijuana and hemp companies that have the technical savvy, but require the business acumen that any new or expanding industry needs; be it fundraising, complex negotiation skills, capital markets expertise, public company administration or IPO’s.

On March 3, 2014, in reference to Next Gen, Barr explained to the Financial Press “We are looking at several proposals and intend to raise capital for the best of them in exchange for an equity interest, a sales royalty or both. I am confident we will be able to provide compelling returns for all parties, but in particular our Next Gen shareholders.”
source: NI 43-101 resource estimate in the Measured and Indicated and Inferred categories; and PFN has substantial ownership interest in Next Gen, a medical marijuana related-stock that is up several hundred percent since the start of the year.

Currently trading for less than a dime per share, Pacific North West Capital has roughly a $3 million market cap. The carrying costs for its River Valley Project are substantially lower than many other mineral assets we’ve featured. And with its 100% ownership in the River Valley PGM Project, PFN can actively seek out a JV partner, ideally a major, to help push it through to the next stage of development.

Throughout their careers, PFN management has completed near 40 option joint ventures with large mining companies across the globe, so they have the necessary experience. Additionally, Dr. Bill Stone, PFN’s President, was previously VP Exploration for the only stand alone PGM producer in Canada, which operates in the same Province as PFN does.

Risk v Reward

It is our belief that the junior mining industry has bottomed and there is substantial data supporting that argument. Furthermore, given the low valuations for many juniors, large miners and commodity investment organizations are actively seeking out acquisition targets and partnerships within the sector.

The Globe and Mail reported this past week that,

“One of the most aggressive deal makers in the mining industry has tapped the private equity markets to bankroll the launch of a new company in a bet that the resources industry is set to be revived.”

Mick Davis, the former Xstrata CEO, raised $2.5 billion from just five investors to form X2. The goal is to create a mid-tier mining and metals group and it is expected that another billion dollars will be added to its treasury shortly…

The Globe and Mail continued in its exclusive report,

“With ample funding in place, X2 is expected to move quickly on the acquisitions front. The company won’t say where it is looking, though the team has intimate knowledge of the mining scene in Australia, Canada and South Africa.”

There are residual and inherent risks involved with PFN, as is the case with most junior mining stocks. However, given all the data and information included in this report, PFN is a speculative investment opportunity we are willing to put our name behind.

We are biased towards Pacific North West Capital because they are an advertiser and we participated in the company’s recently completed private placement. We may also increase our share position in the company following the release of this report. Please take responsibility for practicing your own thorough and independent due diligence. Remember, past performance is not indicative of future performance. Just because many of Pinnacle Digest’s Featured Companies have performed well, doesn’t mean they all will.

This marks the initiation of our coverage on Pacific North West Capital (PFN:TSXV) (PAWEF:OTCQB) (P7J:Frankfurt). Its shares last traded at CDN$0.065. We will have further updates in regards to the PFN story over the coming weeks.

All the best with your investments,

PINNACLEDIGEST.COM

VISIT PACIFIC NORTH WEST CAPITAL ONLINE


River Valley PGM Project is 100% owned by Pacific North West Capital.

The project is under two Mining leases. The Mining Leases cover an area of 5381.1 hectares, including 4,756.2 hectares of Surface and Mining Rights and an additional 624.9 hectares of Mining Rights. The Mining Leases cover all of the NI43-101 mineral resources of the River Valley PGM Project.

Click on Image to Watch Resource Classification Animation for the River Valley PGM Project

PFN SEDAR FILINGS

Disclosure, Risks Involved and Information on Forward Looking Statements: Please read carefully before proceeding.

Important: Our disclosure for this report on Pacific North West Capital Corp. applies to the date this report was released to our subscribers (April 6, 2014) and posted on our website. This disclaimer will never be updated, even after we have sold all of our shares in Pacific North West Capital Corp..

PFN’s stock position in Next Gen may increase or decrease at any time. Its stock position in Next Gen, documented in this report, was as per a news release dated March 7, 2014. Since that time its share position in Next Gen may have changed.

All statements in this report, other than statements of historical fact must be considered forward-looking statements. These statements relate to future events or future performance.

Forward-looking statements are often, but not always identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “budget”, “scheduled”, and similar expressions. Much of this report on Pacific North West Capital Corp. is comprised of statements of projection. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements.

Statements regarding mineral exploration operations and objectives are subject to constant risk, including, but are not limited to, the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and geologic risk, inflation and costs of goods and services, property title issues and regulatory approvals, volatility in stock price, the risks associated with uninsurable risks arising during the course of exploration, development and production.

Risks and uncertainties respecting mineral exploration companies are generally disclosed in the annual financial or other filing documents of those and similar companies as filed with the relevant securities commissions, and should be reviewed by any reader of this report. In addition, with respect to any particular company, a number of risks relate to any statement of projection or forward statement.

PinnacleDigest.com is an online financial newsletter owned by Maximus Strategic Consulting Inc. We are focused on researching and marketing for junior resource and technology public companies. Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned anywhere in this report (specifically in regard to Pacific North West Capital Corp.). This report is intended for informational and entertainment purposes only! The author of this report, and its publishers, bear no liability for losses and/or damages arising from the use of this report.

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Set forth below is our disclosure of compensation received from Pacific North West Capital Corp. and an explanation of our stock ownership in the company:

Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, has been paid CDN$45,000 plus gst to provide online marketing services for Pacific North West Capital Corp. for a pre-paid six month online marketing agreement. The company (Pacific North West Capital Corp.) has paid for this service. The service includes, but is not limited to, the creation and distribution of reports authored by PinnacleDigest.com about Pacific North West Capital Corp. (reports such as this one), as well as display advertisements and news distribution about the company on our website and in our newsletter. This is our first report on Pacific North West Capital Corp. We (Maximus Strategic Consulting Inc.) participated in Pacific North West Capital’s private placement (see company press release on March 25, 2014 for details). In that private placement we purchased 450,000 units. Each Unit consists of one common share at a price of $0.05 per Unit and one-half of one non-transferable share purchase warrant (“Warrant”). Each Warrant entitles us to purchase one additional common share of the Company for a period of 36 months from the closing date at a price of $0.10 per share during the first year, $0.20 per share during the second year and $0.30 per share during the third year. All subscribers who participated in the private placement, including Maximus Strategic Consulting Inc., entered into a voluntary *pooling agreement with Pacific North West Capital. The units we own are subject to a hold period expiring on July 26, 2014, four months and one day after the closing date. We (Maximus Strategic Consulting Inc. and its employees and consultants) may buy more shares of Pacific North West Capital Corp. following the release of this report. We (Maximus Strategic Consulting Inc. and its employees and consultants) intend to sell every share we own, as well as any shares we may purchase in the future, of Pacific North West Capital Corp. for our own profit. All shares we (Maximus Strategic Consulting Inc. and its employees and consultants) currently own or purchase in the future of Pacific North West Capital Corp. will be sold without notice to our subscribers. Please recognize that we are extremely biased when it comes to Pacific North West Capital Corp.

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SOURCE: http://www.pinnacledigest.com/articles/mining-and-medical-marijuana

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KWG Applauds Announcement of ONTC Developments

Posted by AGORACOM-JC at 5:42 PM on Friday, April 4th, 2014

TORONTO, ONTARIO–(April 4, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) is very encouraged that Minister of Northern Development and Mines Michael Gravelle earlier today announced his support for the development and renewal of the capacities of the Ontario Northland Transportation Commission.

“Around the globe, the recurring challenge of insuring the environmental and economic sustainability of bulk commodity extraction and processing – is transportation,” said KWG President Frank Smeenk. “One of the unique blessings of the location of the Ring of Fire discovery in Northern Ontario is the opportunity to exploit it with the multi-billion dollar legacy infrastructure assets of the Ontario Northland Railroad. This is very substantial capital that need not be spent or amortized in fixing very long term and large tonnage transportation costs. It is a huge competitive advantage.”

“The ONR has lost one freight customer after another in recent years, to the point where its survival became very questionable. The discovery of the Ring of Fire’s chromite deposits now promises to insure substantial bulk freight traffic for many generations. This can revive and expand the ONR. In fact, we have suggested that the Minister consider if the ONTC Act might be amended to become the Northland Development Corporation Act. This would be consistent with the ONTC’s original mandate and the Minister’s expressed desire to have new infrastructure requirements met by a focused development corporation.”

About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite occurrence where resources are being defined. 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.
Contact Information

KWG Resources Inc.
Bruce Hodgman
416-642-3575 Ext103
[email protected]