KWG Resources Inc. - Retraction of independent valuations

MONTRÉAL, Jun 30, 2010 (Canada NewsWire via COMTEX News Network) --

<< Symbol on TSX Venture Exchange: KWG Shares issued and outstanding: 589,549,206 >>

At the request of IIROC, KWG Resources Inc. ("KWG") is retracting in its entirety the disclosure of the valuations contained in its June 30, 2010 press release entitled "KWG Reports Two Independent Valuation Opinions" (the "Valuations Press Release"), which is based on the valuations prepared by Cormark Securities Inc. and Broad Oak Associates (collectively, the "Valuations").

The Valuations will not be filed on SEDAR, as previously disclosed, until such time as the forward looking economic information contained in the Valuations satisfies the applicable requirements of National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Accordingly, the economic information and any contribution of such information to share price valuations contained in the Valuations Press Release should not be relied upon.