Trading in KWG Resources Shares Halted For Third-Party Announcement
Toronto, Canada - October 19, 2012 - KWG Resources Inc. ("KWG" or "the Company")
advises that trading in its shares was halted for an announcement this morning by the
General Chairperson's Association (GCA), representing unionized employees at Ontario
Northland Transportation Commission (ONTC).
The GCA has announced a revitalization plan for ONTC that includes the proposed
construction of a rail link to the Ring of Fire mineral deposits in the James Bay Lowlands,
where KWG has extensive claims.
The new railway will form part of the Ring of Fire mining infrastructure and will be located
within mining claims held by Canada Chrome Corporation, a wholly owned sub of KWG
Resources. The GCA's proposal calls for the railroad and other assets of the
provincially-held ONTC, along with the new Ring of Fire railway, to be transferred to a
new ports authority to be operated under the Canada Marine Act.
Canada Chrome has made a significant investment to study and secure mining claims.
KWG intends to continue discussions with the GCA and other stakeholders to advance
this initiative, with the goal of creating the transportation links necessary for mining to
proceed in the Ring of Fire, and thereby deliver new economic and job opportunities in
Northern Ontario. Other stakeholders involved in the discussions include First Nations
communities and Nipissing-Timiskaming MP Jay Aspin.
About KWG: KWG has a 30% interest in the Big Daddy deposit. 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 where the Trans Canada line of the Canadian
National Railway can be connected.
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