~ Joint Press Release ~ Ontario Ring of Fire Access News Extolled
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~ JOINT PRESS RELEASE ~
ONTARIO RING OF FIRE ACCESS NEWS EXTOLLED
Toronto, Canada, August 22 nd, 2017 - KWG Resources Inc. (CSE: KWG; KWG.A) (FRANKFURT:
KW6) (“KWG”) and its partners Bold Ventures Inc. (TSXV: BOL) and Fancamp Exploration Ltd.
(TSXV: FNC) congratulate Premier Kathleen Wynne and Chiefs Bruce Achneepineskum and
Cornelius Wabasse for the announcement yesterday of their agreements respecting access to Marten
Falls and Webequie to facilitate development of the Ring of Fire.
Fancamp CEO Peter H. Smith said, “The development vision powerfully articulated by Marten Falls
Chief Bruce Achneepineskum has signaled the capital markets that the development of Fancamp’s
original high grade Black Horse chromite discovery now has First Nations’ support. This should enable
the two joint venture partners to finance a feasibility study which will include the China Railway FSDI
feasibility.”
Bold Ventures’ Chairman Richard Nemis added, “Having these access roads is a welcome and substantial
step in the development of the Ring of Fire. The creation of infrastructure corridors is crucial to the eventual
economics of the development. I think this demonstration of commitment by the Province and the leadership
of the local First Nation Communities is a key step in this socio- economic development supported by the
Ring of Fire multi- metals mining district.”
KWG CEO Frank Smeenk explained, “We have offered to make the First Nations full partners in our
railroad and mining operations. The announcement by Premier Wynne yesterday will enable us to
formalize that partnership and assist Marten Falls with an Environmental Assessment of their joint
access route.”
About Fancamp:
Fancamp Exploration Ltd. is a Canadian junior mineral exploration company with an exceptional inventory
of properties and related assets. Company policy over the years has been, and continues to be, to reduce
risk by bringing in participating partners through sales or options. The resulting shares, cash payments and
royalties have enabled the generation of income to continue the process and take advantage of opportunity.
For further information, please contact Peter H. Smith at 514-481-3172 or: [email protected]
About Bold:
Bold Ventures Inc. works in both Ontario and Québec. In Ontario Bold has several claim groups in and
around the Ring of Fire area of the James Bay Lowlands. The company is also earning an interest in the
Koper Lake Project located directly adjacent to the Eagles Nest nickel -copper massive sulphide deposit
currently in the permitting stage. In Québec, Bold’s primary focus is on two projects. The Lac Surprise
Project is located in west central Québec, approx imately 50 km south of Chapais and within the historic
Chibougamau-Chapais copper-gold camp. Bold is also exploring its 100% owned Lac Grasset project that
straddles the Sunday Lake Deformation Zone in the Matagami area, within the historically prolific Ab itibi
Greenstone belt of North- western Québec. For more information, please visit www.boldventuresinc.com,
or contact Bold Ventures Inc. at 416-864-1456.
About KWG:
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KWG is the Operator of the Black Horse Jo int Venture after acquiring a vested 50% interest through
Bold Ventures Inc. which is carried for 10% (20% of KWG’s equity in the JV) by KWG funding all
exploration expenditures. KWG also owns 100% of CCC 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. KWG subsequently acquired intellectual property interests,
including a method for the direct reduction of chromite to metalized iron and chrome using natural gas.
KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite- refining patent applications in
Canada, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The
national phase filings are under review in each of those jurisdictions.
For further information, please contact:
Bruce Hodgman, Vice-President: 416-642-3575 ~ [email protected]
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 release.
Cautionary Note Regarding Forward -Looking Statements: This Press Release contains forward -looking
statements that involve risks and uncertainties, w hich may cause actual results to differ materially from the
statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”,
“anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to iden tify forward -looking
statements. Such statements reflect our current views with respect to future events and are subject to such risks
and uncertainties. Many factors could cause our actual results to differ materially from the statements made,
including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should
one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks
associated with the mining industr y, the price of gold and other metals, currency and interest rate fluctuations,
increased competition and general economic and market factors, occur or should assumptions underlying the
forward looking statements prove incorrect, actual results may vary materially from those described herein as
intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these
forward-looking statements, except as required by law. Shareholders are cautioned not to put undue relian ce on
such forward-looking statements.