Toronto, Ontario--(Newsfile Corp. - October 11, 2018) - KWG Resources Inc. (CSE: KWG.A) (CSE: KWG) (OTC: KWGBF)
(FSE: KW6) ("KWG")has terminated the meeting of its shareholders which had been adjourned to 11:00 o'clock on
Friday, October 12, 2018. The purpose of the adjournment was to solicit votes in favour of a special resolution to amend the
Articles of Incorporation of the Company to provide its Board of Directors with authority to issue special shares. While a large
majority of the shareholders voting supported the amendment, the solicitation failed to achieve the required two-thirds majority
needed to pass the special resolution, and the meeting has been terminated.
About KWG:
KWG is the Operator of the Black Horse Joint Venture ('JV') after acquiring a vested 50% interest through Bold Ventures Inc
('Bold') from Fancamp Exploration Ltd ('Fancamp'). KWG funds all JV exploration expenditures and Bold is carried for a 20% interest
in KWG's interest.
KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a surveying and soil testing program,
originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario.
KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized
iron and chrome using natural gas and an accelerant. KWG subsidiary, Muketi Metallurgical LP, is prosecuting two chromite-refining
patent applications in Canada, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The national phase
filings are under review in each of those jurisdictions, save that Canada, South Africa and Kazakhstan have now each issued a
Patent for the direct reduction method.
For further information, please contact:
Bruce Hodgman, Vice-President: 416-642-3575 ~ info@kwgresources.com
Forward-Looking Statements: Information set forth in this news release may involve forward-looking
statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their
entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this
document and KWG disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management
believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such
expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy
any securities that may be described herein and accordingly undue reliance should not be put on such. Neither the Canadian
Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts
responsibility for the adequacy or accuracy of this news release.