KWG Resources Inc (2) (C:KWG)
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Tuesday January 24 2012 - News Release

Mr. Bruce Hodgman reports

KWG PROVIDES UPDATE ON BIG DADDY DRILL PROGRAM

KWG Resources Inc. has provided an update with regards to the current field program on the Big Daddy chromite deposit.

Metallurgical drilling

The metallurgical drilling program was to consist of 1,900 metres of HQ drilling. The program commenced on Oct. 6, 2011, with one drill rig, with a second rig added on Oct. 11, 2011. The total completed metreage was 1,909 metres in nine boreholes and was concluded on Oct. 22. A bulk sample consisting of massive chomitite with a mass of 4,600 kilograms was removed from core boxes and packaged for transport to Xstrata Process Support (XPS) in Falconbridge, Ont. The furnace runs are scheduled for February.

Resource delineation drilling

The resource delineation program was to consist of 12,000 metres of NQ drilling in 38 boreholes. Drilling started immediately following the completion of the metallurgical sampling holes as the rigs became available and was carried out continuously with two rigs until winter shutdown on Dec. 15. In that time, 23 of the 38 holes were completed for an aggregate total of 7,754 metres. Completion of the drilling is anticipated in the third week of February.

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