Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: KWG RESOURCES INC. AND SPIDER RESOURCES INC. ENTER INTO BINDING LETTER AGREEMENT

I am brain dead today and can't understand this?

Prior to the completion of the merger, KWG will transfer its interest in the railway right of way, in its 1-per-cent net smelter returns royalty covering the Big Daddy deposit, the Black Thor deposit and the Black Label deposit granted by Freewest Resources Canada Inc., and cash in an amount to be agreed upon between KWG and Spider to KWG's wholly owned subsidiary, Debuts Diamonds Inc., in exchange for Debut's interest in various diamond exploration projects and a number of common shares of Debuts to be specified, and will distribute all of the outstanding common shares of Debuts to the shareholders of record of KWG.

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