KWG COMPLETES NSR ACQUISITION

Symbol on TSX Venture Exchange: KWG
Shares issued and outstanding: 632,828,941

MONTREAL, Feb. 24 /CNW/ - KWG Resources Inc. (TSXV: KWG) announces that it has negotiated an agreement to conclude the previously announced acquisition of a net smelter royalty reserved in the claims containing the Black Thor, Black Label and Big Daddy chromite deposits. The Company will issue 4 million treasury units to complete the transaction, the closing of which had been deferred by mutual agreement upon partial payments of the purchase price. Each unit is valued at $0.10 and will be comprised of one treasury share and one purchase warrant enabling its holder to acquire one further treasury share at any time within two years upon payment of $0.15.

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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.

SOURCE KWG Resources Inc.

For further information:

BRUCE HODGMAN
Communications Director
416-646-1374
info@kwgresources.com

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KWG Resources Inc.

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