KWG Board awards stock options

    Symbol on TSX-Venture Exchange:        KWG
    Shares issued and outstanding: 403,468,877

MONTREAL, Oct. 15 /CNW/ - The Board of Directors of KWG Resources Inc (TSXV: KWG) has awarded 6,558,500 options to purchase treasury shares at $0.10 each, under the provisions of the Company's Incentive Stock Option Plan. Of the total awards 703,500 were allocated to employees 2,075,000 were allocated to directors of the Company and of its subsidiaries, 520,000 to directors who are also officers, 1,785,000 to officers and 1,475,000 were allocated to consultants. The options are exercisable over a period of five years.

About KWG Resources Inc:

KWG Resources is a mineral exploration company with extensive claim holdings in the James Bay Lowlands of Northern Ontario, Canada, where important discoveries of nickel and chrome have been made recently in the Ring of Fire. KWG has an equal joint venture interest in a large claim block in the central part of the discovery area, with Spider Resources Inc. The joint venture is developing the Big Daddy chromite deposit adjacent to the Black Thor and Black Label chromite discoveries of Freewest Resources. KWG holds a 1% net smelter royalty in all three deposits and has created Canada Chrome Corporation to pursue the development of them.

    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 news release


For further information: For further information: Bruce Hodgman, Communications Director, Direct: (416) 646-1374,; Michel Côté, Director, (514) 866-6001; Or visit our website:

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