KWG files an application to extend life of warrants

    Symbol on TSX-Venture Exchange: KWG
    Shares issued and outstanding: 359,718,877

    MONTREAL, May 21 /CNW/ - KWG Resources Inc. announces the filing of an
application with the TSX Venture Exchange to amend the terms of 52,014,248 of
its outstanding warrants. The application calls for the extension of the
expiry dates varying from June 18 to December 21, 2009 to June 18 to December
21, 2012. The exercise price of the warrants is not amended.

    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
so-called 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. (TSXV: SPQ). The joint venture is developing the Big Daddy chromite
deposit adjacent to the Black Thor and Black Label chromite discoveries of
Freewest Resources Canada Inc. (TSXV: FWR).

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

For further information:

For further information: Bruce Hodgman, Communications Director, Direct:
(416) 646-1374,; Michel Côté, Director, (514) 866-6001
ext. 266; Or visit our website:

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