KWG Resources Inc.: $2 Million Private Placement Approval Extended

TORONTO, ONTARIO--(Marketwired - Aug 21, 2013) - KWG Resources Inc. (TSX VENTURE:KWG) ("KWG") has been granted an extension of the conditional listing approval to complete the previously announced private placement of units of flow-through shares and share purchase warrants. The TSX Venture exchange has given the company until September 5^th, 2013 to complete the balance of the placement of units. A first tranche of $300,000 has closed. Each unit comprises one flow-through treasury share and one warrant which may be exercised to acquire a further flow-through share for $0.10 at any time within three years. The units may be acquired by qualified investors for a subscription of $0.05 each.

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.

Shares issued and outstanding: 697,577,273