KWG Resources Inc. & Canada Chrome Echo Matawa Regional Plan Call
KWG RESOURCES INC. & CANADA CHROME ECHO MATAWA REGIONAL PLAN
CALL
Toronto, Canada, February 12, 2021 – KWG Resources Inc. (CSE: KWG; KWG.A)
(FRANKFURT: KW6) (“KWG” or the “Company”) and its railroad subsidiary Canada Chrome
Corporation (“CCC”) confirm their support of regional development in the Ring of Fire business
plan that they propound.
‘Now that railroader Tony Marquis has joined us, our next step is to ask for the purchase order
at the Canada-USA Critical Minerals Task Force’, said KWG CEO Frank Smeenk. ‘Then we can
all get busy making North America secure in chrom ium and making Canada’s Matawa treaty
lands into a unique strategic force in global stainless-steel production’.
Added Canada Chrome C OO Marquis, ‘It is perhaps appropriate now to have the Matawa First
Nations represented at the Critical Minerals Task Force table on Canada’s side, given that this
crucial trade commodity is found entirely with in their traditional territory. Surely that gives them
standing to both seek and sell the customer. Their doing so could certainly give much
confidence to the buyer and to the capital markets.’
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.
Canada Chrome Corporation:
CCC is 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. Its COO Tony Marquis has been a top tier executive with both
Canadian National Railroad 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.
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
KWG
PRESS RELEASE NO.310
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
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 obligation 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 in such forward- looking statements are reasonable, there can be
no assurance that such expectations will prove to be correct. This news r elease 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.