KWG Resources Grants Incentive Stock Options

KWG GRANTS INCENTIVE STOCK OPTIONS

Toronto, Canada, January 29, 2021 – KWG Resources Inc. (CSE: KWG; KWG.A)

(FRANKFURT: KW6) (“KWG” or the “Company”) announces that it has granted options to buy

for $3.00 each 279,470 KWG.A shares from treasury under the provisions of its Incentive Stock

Option Plan. 114,285 options were awarded to the Company’s four executive officers, 98,505 to

its three non-executive directors and 66,680 to eight consultants. The options may be exercised

at any time prior to their expiry on January 29th, 2026.

Canada Chrome Corporation:

KWG announced last week that Tony Marquis has agreed to be the President and Chief

Operating Officer of CCC , a wholly owned subsidiary of KWG, which has staked claims and

conducted a surveying and soil testing program, originally for the engineering and construction

of a railroad to the Ring of Fire from Aroland, Ontario. Mr. Marquis has been a top tier executive

with both Canadian National Railro ad and Canadian Pacific Railroad, where he played an

integral role in the two most successful railroad turnarounds in North America. At both

companies, he worked closely with his mentor, the legendary Hunter Harrison, who led both

railroads to becoming the most efficient in the industry.

About KWG:

KWG is the Operator of the Black Horse Joint Venture (‘JV’) after acquiring a vested 50%

interest through Bold Ventures Inc (‘Bold’) from Fancamp Exploration Ltd (‘Fancamp’). KWG

funds all JV exploration expenditures and Bold is carried for a 20% interest in KWG’s interest.

KWG has also received patents in Canada, South Africa and Kazakhstan and is prosecuting

patent applications in In dia, Indonesia, Japan, South Korea, Turkey and the USA for the direct

reduction of chromite to metalized iron and chrome using natural gas and an accelerant. It has

also received a USA patent for production of low carbon chromium iron alloys.

For further information, please contact:

Bruce Hodgman, Vice-President: 416-642-3575 ~ [email protected]

Forward-Looking Statements: Information set forth in this news release may involve forward- looking statements under

applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this

cautionary statement. The forward-looking statements included in this document are made as of the date of this document

and KWG disclaims any intention or obligat ion to update or revise any forward- looking statements, whether as a result of

new information, future events or otherwise, except as expressly required by applicable securities legislation. Although

management believes that the expectations represented i n such forward-looking statements are reasonable, there can be

no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or

solicitation of an offer to buy any securities that may be described herein and accordingly undue reliance should not be put

on such. Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.

KWG

PRESS RELEASE NO.309

Subordinate shares issued & outstanding (CSE-KWG) 1,020,332,127

Convertible into Multiple-voting shares (300:1) equal to: 3,401,107

Multiple-voting shares issued & outstanding: 517,049

If all shares convert to Multiple-voting (CSE-KWG.A) 3,918,156