Passport Management, LLC reports its reduction in control to 0.00% of the
securities of MKM Resources Ltd.

SAN FRANCISCO, March 23 /CNW/ - PASSPORT MANAGEMENT, LLC ("Passport") announced today that it has filed an early warning report with the Canadian securities regulatory authorities concerning the sale of all common shares previously held and its current control over 0 common shares of MKM Resources Ltd. ("MKM"), which has changed its name to Sunward Resources Ltd. ("Sunward") (TSXV: SWD). Passport is an investment manager with full investment discretion with regards to various investment funds, including Passport Ventures, LLC ("Ventures").

Passport acquired the previously held common shares of MKM on behalf of Ventures for passive investment purposes and not with a view to influencing management or the direction of the company. Ventures, as controlled by Passport may, as investment conditions warrant, acquire further common shares and warrants or dispose of their future respective holdings of common shares of Sunward.

Passport Management, LLC is located at 30 Hotaling Place, Ste. 300, San Francisco, CA 94111.

SOURCE PASSPORT MANAGEMENT, LLC

For further information: For further information: Joanne Cormican at (415) 321-4618 or joanne@passportcapital.com

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PASSPORT MANAGEMENT, LLC

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