Watch

MONTREAL, QUEBEC–(Feb. 7, 2012) - KWG Resources Inc. (TSX VENTURE:KWG) will host its Annual and General Meeting of Shareholders on February 29, 2012 at 11:00am (local time) at the Saint-James Club of Montreal, 1145 Union Avenue, Montreal, Quebec.

The purposes of the meeting are described in the Notice of Annual and Special Meeting of Shareholders mailed to shareholders February 2, 2012 and available on SEDAR at www.sedar.com. The Notice of Meeting sets out a number of matters that shareholders are being asked to vote on, including three proposed changes to the Company’s Articles of Incorporation.

KWG has many shares outstanding and for some years these have traded in a range of as little as $0.05 per share to as much as $0.14 per share. It is proposed to let all shareholders wishing to do so acquire with each fifty of their present shares one new multiple-voting share, provided that these may be converted back into the fifty subordinate voting shares at any subsequent time of their choosing. It is hoped that if enough shareholders elect to convert some of their holdings into multiple-voting shares, these may be separately listed for trading so that they could qualify for broker margin loans.

Shareholders are also being asked to approve a change of jurisdiction so that the law governing KWG’s constitution will be the federal Canada Business Corporations Act (“CBCA”). As Quebec recently adopted changes to its company law statute, it is now available to KWG to make this transition easily and so reduce its operating costs by domiciling in Toronto where its management resides.

Also, shareholders are being asked to give the KWG Board of Directors authority to possibly create and issue Special Shares if there is an opportunity to do so. The Special Shares will not have priority to KWG’s common shares, but may be created with features that will be useful in further financing the company, or acquiring additional assets.

About KWG: KWG has a 28% interest in the Big Daddy deposit and is presently earning an additional 2% interest in it under an option agreement to create a joint venture with Cliffs Natural Resources Inc. (Project Operator) on April 1, 2012. 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 where the Trans Canada line of the Canadian National Railway can be connected.

MONTREAL, QUEBEC–(Jan. 24, 2012) - KWG Resources Inc. (TSX VENTURE:KWG) is pleased to provide an update with regards to the current field program on the Big Daddy Chromite deposit.

Metallurgical Drilling - The metallurgical drilling program was to consist of 1,900m of HQ drilling. The program commenced on October 6, 2011 with one drill rig, with a second rig added on October 11, 2011. The total completed meterage was 1,909m in nine (9) boreholes and was concluded on October 22. A bulk sample consisting of massive chomitite with a mass of 4,600kg was removed from core boxes and packaged for transport to Xstrata Process Support (XPS) in Falconbridge, Ontario. The furnace runs are scheduled for February.

Resource Delineation Drilling - The resource delineation program was to consist of 12,000m of NQ drilling in 38 boreholes. Drilling started immediately following the completion of the metallurgical sampling holes as the rigs became available and was carried out continuously with two rigs until winter shut down on December 15. In that time 23 of the 38 holes were completed for an aggregate total of 7,754m. Completion of the drilling is anticipated in the third week of February.

About KWG: KWG has a 28% interest in the Big Daddy deposit and is presently earning an additional 2% interest in it under an option agreement to create a joint venture with Cliffs Natural Resources Inc. (Project Operator) on April 1, 2012. 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 where the Trans Canada line of the Canadian National Railway can be connected.

Shares issued and outstanding: 650,323,941

MONTREAL, QUEBEC–(Dec. 30, 2011) - KWG Resources Inc. (TSX VENTURE:KWG) has issued 17,500,000 Units at a price of $0.10 per Unit for proceeds of $1,750,000. Each Unit, issued on a “flow-through” basis pursuant to the Income Tax Act (Canada), consisted of one common share of the Company and one-half of one warrant. Each whole warrant entitles its holder to purchase one common share for $0.12 until June 30, 2014.

Insiders of the Company purchased a total of 2,500,000 Units, representing approximately 14% of the Offering. KWG will use the proceeds to fund its half of the current drilling program at the Big Daddy deposit being conducted by Cliffs Chromite Far North Inc. (formerly Spider Resources Inc.) as the Operator.

The Company paid a finder’s fee of $75,000 and issued 750,000 compensation options to a registrant in connection with the Offering. Each compensation option entitles the holder to purchase one common share of the Company for $0.12 until June 30, 2014. All securities issued in connection with the Offering will be subject to a four-month statutory hold period, which will expire on May 1, 2012.

Shares issued and outstanding: 650,323,941

MONTRÉAL, QUÉBEC–(Dec. 21, 2011) - KWG Resources Inc. (TSX VENTURE:KWG) advises that it is working with the United Way of Thunder Bay to facilitate donations of up to $2 million for the founding by Wasaya Group of residences for students of the Dennis Franklin Cromarty High School.

Chief Theresa Okimaw-Hall, Executive Director of KWG’s transportation subsidiary Canada Chrome Corporation explained,

“KWG will complete a private placement of flow-through shares to fund its half of the current drilling program at the Big Daddy deposit being conducted by Cliffs Natural Resources. The purchasers of the flow-through shares will then donate the shares to the United Way of Thunder Bay. The funds derived from their sale, through a working agreement with KWG Resources and the Wasaya Group/Wasaya Wee-Chee-Way-Win Inc. will then be made available for the acquisition, furnishing and maintenance of residences for students attending the Dennis Franklin Cromarty High School.”

“This is a very practical use of the ‘donation flow-through’ concept, and demonstrates a most unique way in which exploration spending in our traditional lands may generate a ripple effect that has direct and immediate consequences for our young people. Just imagine what might be done with perhaps $800 million of flow-through expenditures that our proposed Ring of Fire Railroad could generate.”

“Wasaya Group Inc President & CEO Tom Kamenawatamin had been asked by a group of the High School’s students for help in finding a way for them to live together rather than being billeted throughout a frighteningly unfamiliar city. These young people, coming from the remote communities that are the owners of Wasaya and the other remote communities serviced by Wasaya, explained how traumatic the transition is for most of them, who also live with the past untimely deaths of so many of their number who arrived here before them. In discussions between the Wasaya Group CEO and KWG’s CEO, this plan was developed to utilize the incentives available in Canada’s taxation laws. I am also delighted to report that KWG’s Chairman, and its CEO, and its Vice-President of Exploration and Development, have together guaranteed the first 10% of the donations.”

The proposed private placement will be comprised of units of one flow-through share and one-half share purchase warrant. The units will be priced at $0.10 and each full share purchase warrant may be exercised to acquire another share at $0.12 each at any time within 30 months.

Shares issued and outstanding: 636,878,941

MONTREAL, QUEBEC–(Nov. 24, 2011) - KWG Resources Inc. (TSX VENTURE:KWG) provides the following update on the status of the upcoming distribution of the shares of Debut Diamonds Inc. (CNSX:DDI) and its current diamond exploration programs.

CRA Advance Income Tax Ruling Received

KWG has received an Advance Income Tax Ruling from the Canada Revenue Agency which confirms that KWG’s distribution to its shareholders of all of its shares of DDI as a reduction of the issued and paid-up capital account of KWG’s common shares will constitute a reorganization that will cause KWG shareholders holding KWG common shares as capital property (“Shareholders”) to be considered to receive a taxable dividend on the distribution only to the extent that the fair market value of the DDI shares distributed to the Shareholders exceeds the reduction of the issued and paid-up capital account of KWG’s common shares. Since, in the present circumstances, KWG intends to reduce the issued and paid-up capital account of its common shares by an amount that is equal to the fair market value of the DDI shares distributed to the Shareholders, it is expected that no taxable dividend will be received by the Shareholders on the distribution. KWG shareholders of record on December 15, 2011 will be entitled to receive 6 shares of DDI for each 100 shares of KWG. It is expected that each DDI share will be valued at approximately $0.30 for the purposes of the distribution. The fair market value of the DDI shares received by a particular Shareholder will reduce the adjusted cost base of the Shareholder’s KWG common shares. To the extent that the fair market value of the DDI shares received by a particular Shareholder exceeds the adjusted cost base of the KWG common shares to such Shareholder, the Shareholder will be considered to have realized a capital gain. The DDI shares will be posted for trading by the Canadian National Stock Exchange on December 13, 2011 when the KWG shares will commence trading on an ex-dividend basis.

New Airborne Geophysical Survey in MacFadyen and Victor Mine Area

Debut has completed the data acquisition phase of its new high-sensitivity and high-resolution airborne magnetic survey of the MacFadyen property, adjacent to De Beers’ Victor Mine. A total of 15,030 line kilometers were flown by helicopter at 75 meter spacing, in two large regional grids. The data is now being analyzed by Scott Hogg & Associates Ltd. for the development of prioritized targets for follow-up exploration. The flying conditions were ideal and the data thus collected is of superb quality and resolution. Part of the target selection analysis will include overlaying and cross-referencing to previously acquired data sets which now include many other drill-defined diamondiferous kimberlites in the area.

Assessment filing confirmed on Railroad corridor claims

MNDM recently confirmed that it has accepted for filing $7.5 million of geotechnical data as assessment work completed on the claims constituting the transportation corridor from Exton to the Ring of Fire. The work distribution secures tenure in all of the claims, most into 2016.

Corridor till sampling underway in JV between Debut and KWG

The geotechnical soil profile samples recovered at 500 meter intervals along the entire length of the railroad corridor claims constitute an unprecedented opportunity for the search for mineral deposits along this transect of the Canadian Shield. To facilitate the analysis, KWG and DDI have entered a joint venture under which DDI will conduct heavy minerals separation and analysis of the entire suite of samples. Diamond discoveries from this work, within the claims plus a 30 kilometer area of interest in all directions, will be the property of DDI; non-diamond mineral discoveries in that area will be the property of KWG. The processing of samples is underway and heavy minerals representing a variety of mineral deposit types have been identified. The Ontario Geological Survey is collaborating in examining the soil samples in order to construct from them a detailed profile and understanding of the glacial till depositions. The processing of an anticipated total of 500 samples, in this program, is expected to be completed during the second quarter of 2012.

About KWG: KWG has a 28% interest in the Big Daddy chromite deposit and is presently earning an additional 2% interest in it under an option agreement to create a joint venture with Cliffs Natural Resources on April 1, 2012. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario where the Trans Canada line of the Canadian National Railway can be connected.

Shares issued and outstanding: 636,878,941

MONTREAL, CANADA–(Nov. 22, 2011) - KWG Resources Inc. (TSX VENTURE:KWG) is very pleased to announce that Her Worship Chief Theresa Okimaw-Hall has been appointed Executive Director of Canada Chrome Corporation (“CCC”). CCC is the wholly-owned subsidiary of KWG which has staked a corridor of claims from the Ring of Fire to Exton, Ontario and is assessing those for the construction of a railroad.

On June 30, 2011 the Greenstone Economic Development Corporation (“GEDC”) and CCC filed a proposal with PPP Canada in response to its Round 3 Request for Proposals, suggesting a loan guarantee for the last 25% of the estimated cost of constructing the railroad would lower the project’s funding costs. The proposal outlined a long term plan for the First Nations of the James Bay Lowlands to be vested with ownership of the railroad in consideration of their consent to its construction within their traditional lands. As the legal entities required for the vesting of such ownership have yet to be created by those First Nations, the GEDC Board agreed to be the proposal’s present proponent on their behalf. Recently, PPP Canada advised GEDC that its Round 3 funding would be allocated only to “shovel-ready” projects, and that the railroad funding support proposal would require identification of the First Nations’ enterprise in order to receive further consideration. As Executive Director of CCC, Theresa Okimaw-Hall will now pursue the opportunities CCC has identified amongst all of the First Nations affected by the Ring of Fire developments, to formulate the mechanisms for their participation in the equity of CCC.

“We have maintained for some time that development of the Ring of Fire will be what forever changes for the better our relationship with Ontario’s aboriginal Canadians,” said KWG President Frank Smeenk. “In my view, the “sharing” contemplated by their side at the signing of Treaty 9 either starts with this development or the development simply won’t happen. That sharing concept is part of the genius of the Harper government’s PPP Canada program for the funding of First Nations’ infrastructure projects.”

“We believe that Theresa’s experience as a Justice of the Peace in Cochrane for 16 years, followed by her election as the first female Chief of the Attawapiskat First Nation, suit her admirably to the challenges of this historic undertaking. In the first of her two terms as Chief of Attawapiskat, she negotiated the many agreements that resulted in the creation of the De Beers Victor Mine on the Attawapiskat River, Ontario’s first diamond mine. It is clear to me also that the James Bay coastal Cree communities of the Mushkegowuk Tribal Council are amongst those that will be chiefly affected by these developments upstream in the watersheds that drain to their communities in Ontario’s mighty northern rivers. We believe Theresa’s stature as a former Chief of one of the principal Mushkegowuk communities will enable her to broker their participation in the equity of CCC also.”

About KWG: KWG has a 28% interest in the Big Daddy deposit and is presently earning an additional 2% interest in it under an option agreement to create a joint venture with Cliffs Natural Resources Inc. on April 1, 2012. 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 where the Trans Canada line of the Canadian National Railway can be connected. KWG’s subsidiary Debut Diamonds Inc. (“DDI”) holds nine diamond exploration projects, three of which are presently undergoing assessment programs valued at almost $3 million. KWG’s shares of DDI will be distributed to the holders of KWG shares of record on December 15, 2011; six (6) DDI shares will be delivered on December 27, 2011 for every 100 KWG shares held on the record date, as a return of capital distribution.

Shares issued and outstanding: 636,878,941

MONTREAL, CANADA–(Nov. 14, 2011) - KWG Resources Inc. (TSX VENTURE:KWG) received last Friday evening a notice of the election by Cliffs Chromite Far North Inc. that it will exercise its pre-emptive right to acquire from UC Resources Inc. the Participating Joint Venture Interest which it had agreed to sell to Freewest Resources Inc. on November 9, 2011. KWG has 45 days from receipt of the notice to elect to participate in the exercise of the pre-emptive right, proportionally to its present interest in the Joint Venture.

“It would appear difficult to justify spending some millions of dollars to have a larger non-operating but contributing minority interest in another joint venture with Cliffs”, said KWG President Frank Smeenk. “But we will look at it closely. After we had agreed to a standstill to allow our original investment of $4.3 million to be reduced from 50% to 33.33% in the JV with Spider Resources Inc., the Operator unilaterally sold UC the option to earn 55% by spending only $4.5 million. We then subsequently agreed that our one-third interest could apply to the 45% residual when the other two parties together had earned their combined 85% interest to thus dilute us. This requires total expenditures on their part of some $24 million and less than half of that has been incurred to date. It would seem prudent to let the balance of it be spent without now drawing down our cash to contribute to those programs, just as we had originally planned. However, we are analyzing the matter carefully.”

About KWG: KWG has a 28% interest in the Big Daddy deposit and may earn an additional 2% interest in it under an option agreement to create a joint venture with Cliffs Natural Resources Inc. 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 where the Trans Canada line of the Canadian National Railway can be connected. KWG’s subsidiary Debut Diamonds Inc. holds nine diamond exploration projects, three of which are presently undergoing assessment programs valued at almost $3 million. KWG has set December 15, 2011 as the record date for the distribution of its shares in Debut Diamonds Inc. to the KWG shareholders as a return of capital. Shareholders of KWG on the record date will receive 6 shares of Debut Diamonds Inc. for every 100 shares of KWG then held.

Shares issued and outstanding: 636,878,941

MONTREAL, QUEBEC–(Nov. 11, 2011) - KWG Resources Inc. (TSX VENTURE:KWG) reports that following consultations with representatives of the Autorite des Marches Financiers, the Company will be amending its 2011 first and second quarter Financial Statements as well as the Management Discussion & Analysis reports for these quarters. The amendments pertain to the application of accounting policies and required disclosure under International Financial Reporting Standards (“IFRS”). The following changes will be made:

1. Under Canadian generally accepted accounting principles prior to the advent of IFRS the cost of future income taxes related to the renunciation of flow-through exploration expenditures was recorded as a share issue cost. This policy was continued by the Company in preparing the Financial Statements for the first two quarters of 2011. Since there is no similar accounting policy under IFRS this policy is no longer applicable. Therefore, the Financial Statements for the first two quarters of 2011 will be amended to reverse these transactions. The net effect will be an increase in share capital, warrants and deferred liability and a corresponding decrease in deficit.
2. In preparing the Financial Statement balances for the IFRS transition date of January 1, 2010, the Company took the position that it would not record the impact of any premiums received for the tax benefits of its flow-through share issuances prior to January 1, 2010 since the adjustment would have no effect on the Company’s total equity balance, but just cause a reallocation between its components. Under IFRS there is no applicable exemption available therefore an adjustment will be made to recognize these premiums.
3. The Financial Statements for the second quarter inadvertently omitted a schedule disclosing the components of finance income for both the three and six month periods ending June 30, 2010. This schedule will be included in the amended financial statements for the second quarter.

Management feels it is important to note that the above adjustments will have no impact on the Company’s total assets or on the Company’s total equity once the deferred liability is fully amortized.

The Management Discussion & Analysis reports for the first and second quarters will be amended to reflect the above changes to the financial statements.

Shares issued and outstanding: 636,878,941

Contact Information

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

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MONTREAL, QUEBEC–(Nov. 7, 2011) - KWG Resources Inc. (TSX VENTURE:KWG) has set the close of business on Thursday, December 15, 2011 as the time and date when it will determine its shareholders of record who will be entitled to participate in the distribution of the shares of Debut Diamonds Inc. (CNSX:DDI). For every 100 shares of KWG then held, shareholders will receive six (6) shares of Debut Diamonds Inc. on December 28, 2011. It is expected that mailing of the share distribution will be completed on December 30, 2011.

Following the distribution, KWG will retain 7 million warrants to purchase shares of Debut for $0.40 per share at any time prior to August 29, 2016 plus 9,702,666 warrants to purchase shares of Debut for $0.10 per share at any time prior to January 15, 2013.

About KWG: 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 where the Trans Canada line of the Canadian National Railway can be connected. KWG’s subsidiary Debut Diamonds Inc. has nine diamond exploration projects in Ontario, three of which are funded and currently active with planned expenditures of up to $3 million.

MONTREAL, QUEBEC–(Oct. 5, 2011) - The KWG Resources Inc. (TSX VENTURE:KWG) Board of Directors has authorized the purchase of up to 31.9 million of its common shares by way of normal course purchases on TSX Venture Exchange (“TSXV”), subject to regulatory approval. KWG intends to file the required notice with the TSXV to obtain such approval as soon as practicable. The common shares authorized to be purchased represent 5% of the common shares presently outstanding.

KWG believes that its common shares currently trade in a price range that does not adequately reflect their underlying value based on KWG’s business prospects and strong financial position. As a result, depending upon future price movements and other factors, KWG believes that its outstanding common shares represent an attractive investment and a desirable use of a portion of its corporate funds.

The purchases may commence two trading days after acceptance by TSXV of KWG’s notice of intention and will be undertaken by Jones Gable and Company Limited as KWG’s agent. It is expected that the purchases will not presently exceed $500,000 and will terminate not more than one year after the purchases commence, or on such earlier date as KWG may complete its purchases.

Purchases will be made by KWG in accordance with applicable regulatory requirements and the price which KWG will pay for any such common shares will be the market price of such shares at the time of acquisition. The common shares purchased will be cancelled.

To the knowledge of KWG, no director, senior officer or other insider of KWG currently intends to sell any common shares under this bid. However, sales by such persons through the facilities of the TSXV may occur if the personal circumstances of any such person change or if any such person makes a decision unrelated to these normal course purchases. The benefits to any such person whose shares are purchased would be the same as the benefits available to all other holders whose shares are purchased.

Forward-Looking Information:

This press release contains certain “forward-looking information”. All statements, other than statements of historical fact, that address activities, events or developments that KWG believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to KWG’s intention to purchase its common shares under the normal course issuer bid) constitute forward-looking information. This forward-looking information reflects the current expectations or beliefs of KWG based on information currently available to KWG as well as certain assumptions including, without limitation, assumptions as to the TSXV approving KWG’s notice of intention to repurchase its common shares pursuant to a normal course issuer bid. Forward-looking information is subject to a number of significant risks and uncertainties and other factors 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. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, the failure of KWG to obtain TSXV approval of the normal course issuer bid in a timely manner.

Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, KWG disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although KWG believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

Shares issued and outstanding: 636,878,941

TORONTO, ONTARIO–(Sept. 30, 2011) - Debut Diamonds Inc. (CNSX:DDI) (“Debut”) has been notified by the Canadian National Stock Exchange that its application for listing has been approved. The shares will trade under the symbol DDI and will be posted for trading on a date to be announced. KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) has previously announced its intention to distribute all of its shares of Debut to those KWG shareholders of record on a date to be established. In order to distribute to KWG’s shareholders a return of capital dividend of six shares of Debut for each 100 KWG shares held, KWG has sought an exemption from the Securities Administrators in its reporting jurisdictions, to include recently acquired shares of Debut which would otherwise be subject to a hold period. KWG has also made application to the Canada Revenue Agency for an advance ruling to confirm for its shareholders the return of capital nature of the proposed distribution. Shareholders of KWG will be notified of a record date for the distribution, when the ruling and exemption orders are received.

About KWG: KWG has a 28% interest in the Big Daddy chromite deposit and may earn an additional 2% interest in it under an option agreement to create a joint venture with Cliffs Natural Resources Inc. KWG also owns 100% of CCC 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 where the Trans Canada line of the Canadian National Railway can be connected.

About Debut: Debut is a development stage company with joint venture and wholly owned properties and projects in northern Ontario. The diamond claim groups include the previously discovered MacFadyen Kimberlites and the Pele, Victor West, and Uniform Surround claim blocks adjoining the De Beers’ Victor Mine. The Diagnos Initiative and Kyle Kimberlites are within and adjacent to the Ring of Fire. The company’s exploration initiatives also include the Wawa Project, Nakina Option and Canada Chrome joint venture.

TORONTO, ONTARIO–(Aug. 29, 2011) - Debut Diamonds Inc. (“Debut”) is pleased to announce that it has signed an agreement to acquire a 70% interest in 33 diamond exploration targets near Nakina, Ontario. The new targets are contained in a group of 28 claim blocks which each contain potential kimberlite pipe targets as determined by analysis of airborne magnetic data north of Nakina generated in 2010 by the Ontario Geological Survey. As per the agreement the vendors received $30,000 in cash, 1.5 million shares of Debut, and 1.7 million shares of KWG Resources Inc. for Debut to acquire the option.

Debut must now incur a total of $750,000 in exploration expenditures within the first 12 months of the agreement and must also pay the vendors an additional $25,000 and issue 600,000 Debut shares in each of the following two years to exercise the option and acquire the 70% interest.

“We are very pleased to have executed this agreement and planning is well underway for a fall program to recover at least one drill core sample from each of these 33 high priority targets to determine if they are kimberlites and diamondiferous” said Chris Meraw, President of Debut. “The company also looks forward to concluding its early consultation obligations with affected First Nations in the Nakina region and commencing the upcoming drill program as soon as possible.”

Debut is a development stage company with joint venture and wholly owned properties and projects in northern Ontario which include the previously discovered MacFadyen Kimberlites and the Uniform Surround, Pele Mountain and Victor West claim blocks adjoining the De Beers’ Victor Mine. The Diagnos Initiative and Kyle Kimberlites are within and adjacent to the Ring of Fire. The company’s exploration initiatives also include the Wawa Project and Nakina Project.

This Press Release contains forward-looking statements regarding development of Debut projects that may involve a number of risks and uncertainties, including market conditions. Actual events or results could differ materially from Debut’s forward-looking statements and expectations herein.

Contact Information 

Debut Diamonds Inc.
Chris Meraw
President
(416) 642-3575 ext 104
cm@kwgresources.com

Mark Parrish
(416) 642-3575 ext 101
mp@kwgresources.com

MONTREAL, QUEBEC–(Aug. 29, 2011) - KWG Resources Inc. (TSX VENTURE:KWG) has completed the acquisition of 7 million treasury units of its subsidiary Debut Diamonds Inc. (“Debut”) valued at $0.30 each in exchange for subscription receipts for 21 million KWG treasury units valued at $0.10 each. The Debut units each comprised one new treasury share and one share purchase warrant; each Debut warrant may be exercised to acquire an additional Debut treasury share upon payment of $0.40 at any time within 5 years. The KWG subscription receipts are exchangeable for KWG treasury units which will each comprise one new treasury share and one share purchase warrant; each KWG warrant may be exercised to acquire an additional KWG treasury share upon payment of $0.15 at any time within 5 years.

“This exchange will provide KWG with additional shares of Debut for distribution to the KWG shareholders while providing Debut with sufficient working capital to qualify for listing”, said KWG President Frank Smeenk. “At the same time it permitted Debut to close the acquisition of an option to earn an interest in the Nakina targets, comprising 33 interpreted geophysical targets in 28 claim blocks north of Nakina. These include some of the best magnetic targets seen in Ontario since the Attawapiskat cluster, and resulted from analysis of the Ontario Geological Survey data made public in late 2010.”

KWG has a 28% interest in the Big Daddy chromite deposit and may earn an additional 2% interest in it under an option agreement to create a joint venture with Cliffs Natural Resources Inc. 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 where the Trans Canada line of the Canadian National Railway can be connected. KWG’s subsidiary Debut holds nine diamond exploration projects, three of which are presently undergoing assessment programs valued at almost $3 million.

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Shares issued and outstanding: 636,878,941

TORONTO, ONTARIO–(Aug. 20, 2011) - A correction is being issued with respect to the Debut Diamonds press release that was disseminated on Friday, August 19 at 3:14 pm EST. In the contact information, Chris Meraw was misidentified as President of KWG Resources Inc. when he is President of Debut Diamonds Inc. The complete and corrected release follows.

Debut Diamonds Inc. (“Debut“) is pleased to announce that it successfully completed a $2,000,000 private placement (the “Private Placement“). An aggregate of 5,714,285 units (“Units“) were sold to funds of the MineralFields Group at $0.35 per Unit for gross proceeds of $2,000,000. Each Unit is comprised of one flow-through common share and one-half of a flow-through common share purchase warrant. Each whole warrant (a “Warrant“) entitles the holder to purchase one non-flow-through common share at any time for a period of two years, at a price of $0.45.

A finder received as compensation 5.0% cash commission and 571,428 finder’s options, being 10% of the aggregate number of Units purchased under the Private Placement. Each finder’s option entitles the holder to purchase one unit (each a “Finder’s Unit“) at a price of $0.35 per Finder’s Unit. Each Finder’s Unit will consist of one non flow-through common share and one half of one common share purchase warrant. Each whole warrant is exercisable at a price of $0.45 for a two year period.

The gross proceeds to Debut from the Private Placement will be used to fund exploration expenses which qualify as “Canadian Exploration Expenses” (within the meaning of the Income Tax Act (Canada)) in connection with Debut’s projects in Ontario, including its Nakina properties in Thunder Bay and Porcupine.

All the securities issued pursuant to the Private placement are subject to a four (4) month hold period. The securities and other closing documents remain in escrow pending the successful listing of Debut’s shares on the CNSX on or before September 15, 2011.

“We are very pleased to be entering into this relationship with MineralFields Group”, said Chris Meraw, President of Debut. “This is an important milestone in the growth of Debut Diamonds Inc. and we look forward to working with MineralFields Group as we move towards developing our properties in the Thunder Bay and Porcupine regions.”

This Press Release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The common shares and the Warrants comprising the Units or issuable upon exercise of the Warrants and finder’s options will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent an applicable exemption from the registration requirements.

This Press Release contains forward-looking statements regarding development of Debut’s projects, that may involve a number of risks and uncertainties, including market conditions. Actual events or results could differ materially from Debut’s forward-looking statements and expectations herein.

MONTREAL, QUEBEC–(Aug. 4, 2011) - KWG Resources Inc. (TSX VENTURE:KWG) has completed the sale of net smelter royalty interests (“NSR”) in the Black Thor, Black Label and Big Daddy chromite deposits to Anglo Pacific Group PLC (TSX:APY)(LSE:APF) for US$18 million.

Half of the purchase price has been received by KWG and the remaining 50% has been received by an escrow agent to be held in escrow for a period of three months as security for KWG’s indemnification obligations to the purchaser in connection with the transaction. The sale of the NSR was effected by way of the sale of shares of 7207565 Canada Inc., the KWG subsidiary that holds the royalty.

KWG has a 28% interest in the Big Daddy deposit and may earn an additional 2% interest in it under an option agreement to create a joint venture with Cliffs Natural Resources Inc. (NYSE:CLF)(PARIS:CLF). 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 where the Trans Canada line of the Canadian National Railway can be connected. KWG’s subsidiary Debut Diamonds Inc. holds nine diamond exploration projects, three of which are presently undergoing assessment programs valued at almost $3 million.

Shares issued and outstanding: 636,878,941

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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
Vice-President
416-642-3575
info@kwgresources.com

Ring of Fire Chromite Receives International Attention

MONTREAL, QUEBEC–(Marketwire – July 21, 2011) - KWG Resources Inc. (TSX VENTURE:KWG) is pleased to announce that Her Worship Chief Theresa Okimaw-Hall has been elected a Director of Debut Diamonds Inc. (“Debut”), together with Luce L. Saint-Pierre of Montreal. The two new directors join incumbents and KWG directors Bruce D. Reid, Douglas M. Flett and Frank C. Smeenk. The Debut Board also appointed Christopher W. Meraw as the company’s President.

Theresa Hall served as a full-time presiding Justice of the Peace for nine communities in Northern Ontario for over sixteen years, and is the first Cree woman to be appointed to such a position. She holds a Bachelor of Arts in Native Studies from Laurentian University. Theresa is the former Chief of Attawapiskat – the first female Chief ever in that community. She was Chief during her community’s negotiations with De Beers Canada for its Victor diamond mine, and she always led with forward-thinking vision and determination. She served two terms but decided not to seek election for a third term in order to give others the opportunity to lead. She currently serves as director of land use planning for the Mushkegowuk Council at its office in Timmins.

Luce L. Saint-Pierre is the Corporate Secretary of KWG Resources Inc., since 2002. She is a member of the Quebec Order of Chartered Accountants and of the Quebec Bar Association. Ms. Saint-Pierre was Secretary of KWG Resources Inc. since January 1996 and then was its Chief Financial Officer from June 1999 until February 2002. From 1972 to 1987 she was a member of a national accounting firm, the last seven years as a partner responsible for auditing companies in various sectors of the economy. She completed her law degree from 1989 to 1992 and was admitted to the Quebec Bar in 1994.

Debut is a development stage company with joint venture and wholly owned properties and projects in seven diamond claim groups in northern Ontario. The diamond claim groups include the previously discovered MacFadyen Kimberlites and the Uniform Surround, Pele Mountain and Victor West claim blocks adjoining the De Beers’ Victor Mine. The Diagnos Initiative and Kyle Kimberlites are within and adjacent to the Ring of Fire. The company’s exploration initiatives also include the Wawa Project, Nakina Option and Canada Chrome joint venture.

Shares issued and outstanding: 636,878,941

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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.

BRUCE HODGMAN
Communications Director
416-642-3575
info@kwgresources.com

MONTREAL, July 15, 2011 - KWG Resources Inc. (TSXV: KWG) welcomes the announcement yesterday of the Unity Declaration made by the Chiefs of the nine First Nations of the Matawa Council of First Nations.

“This is an exceedingly encouraging development”, said KWG President Frank Smeenk. “There has been a lot of jockeying amongst all the players affected by the Ring of Fire discoveries, and the Chiefs are demonstrating their profound wisdom in determining to act together to confront those opportunities for all of their communities and people.”

“We are in complete agreement with Chief Moonias of the Marten Falls First Nation when he observed, in the press release announcing the Unity Declaration: ‘Our First Nations do not oppose responsible development but as the people of the land, we want to benefit from these potential mining developments and negotiate meaningful employment and business opportunities for our communities, while ensuring the environment is not at risk’.”

Smeenk explained: “This is not the provocative action or bellicose expression that the media has characterized it to be, but rather a progressive first step that will ultimately enable consultations to be undertaken in a much more organized and productive way. And it expresses values that our exploration industry enthusiastically endorses and actively advocates.”

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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.

For further information:

Bruce Hodgman
Vice-President, Canada Chrome Corporation
416-646-1374
info@kwgresources.com