KWG Resources Inc.
TSX VENTURE : KWG
FRANKFURT : KW6

KWG Resources Inc.

July 10, 2014 09:57 ET

Pope & Company's Jay Turner Initiates Research Coverage of KWG

TORONTO, ONTARIO--(Marketwired - July 10, 2014) - Toronto stockbroker Pope & Company announced this morning that it has initiated research coverage on KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6). Well-known mining analyst Jay Turner recommends the shares of KWG as a speculative buy with a target price of $0.20.

"Jay has done an outstanding job of researching, interpreting and understanding our published views of the opportunities for the creation of an enterprise following from the discoveries in the Ring of Fire", said KWG President Frank Smeenk. "We are very gratified with both the coverage and the recommendation, which is quite unusual for a junior exploration company. We appreciate the confidence!"

About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

Symbol on TSX Venture Exchange: KWG

Shares issued and outstanding: 777,512,273

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