KWG PRIVATE PLACEMENT ARRANGED

Massive Black Horse Chromite Discovery

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

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KWG PRIVATE PLACEMENT ARRANGED

posted on Nov 19, 2010 04:20PM

KWG PRIVATE PLACEMENT ARRANGED

Symbol on TSX Venture Exchange: KWG Shares issued and outstanding: 592,213,956

KWG Resources Inc. ("KWG") has allocated its previously announced private placement amongst its institutional and accredited investor shareholders who will subscribe $3 million for flow-through shares at $0.13 each. Cliffs Greene B.V. did not exercise its option to acquire the placement nor its pre-emptive right to participate.

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.