Canadian Investment Regulatory Organization Trade Resumption - CACR, CACR.A

KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW61) ("KWG" or the "Company") is pleased to announce that the time to exercise warrants issued during 2019 and 2021 (each a "Warrant") to purchase KWG.A multiple voting shares (each a "Multiple Voting Share") will be extended so that each such Warrant will have a five-year term from the applicable Warrant's original date of issuance. More particularly, 26,864 Warrants will have their expiry date extended to March 15, 2024; 3,808 Warrants will have their expiry date extended to June 17, 2024; 15,048 Warrants will have their expiry date extended to August 26, 2024; and 986,621 Warrants will have their expiry date extended to March 31, 2026, respectively. As a result of the 3:1 subdivision of Multiple Voting Shares which occurred on November 2, 2021, each Warrant entitles its holder to purchase three (3) Multiple Voting Shares until its expiry date. In conjunction with extending the expiry dates of the Warrants, the Company also announces the repricing of the exercise price of these Warrants from $7.50 to $9.60 per Warrant, each such Warrant entitling the holder to purchase three (3) Multiple Voting Shares on or before its expiry date, giving an effective exercise price of $3.20 per KWG.A Multiple Voting Share on exercise of said Warrants.

KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) ("KWG" or the "Corporation") is pleased to announce that on September 30, 2022 it gave notice to all holders of Series 2021 Convertible Debentures (the "Debentures") that it has elected to convert all principal and accrued interest owing on the Debentures aggregating $6,609,419.86 into shares and warrants on November 2, 2022.

Under the terms of the Debentures, KWG has the option, exercisable at any time after September 29, 2022, on 30 days' notice, to convert the principal amount owing under the Debentures, together with interest on the amount being converted, into units (each a "Unit") at a price of $15.00 per Unit, with each such Unit currently (following the 3:1 subdivision of multiple voting shares of the Corporation on November 5, 2021) being comprised of six (6) multiple voting shares in the capital of the Corporation (each, a "Multiple Voting Share") and one (1) share purchase warrant (a "Warrant"), with each such Warrant enabling its holder to acquire three (3) Multiple Voting Shares from treasury upon payment of $3.20 per share at any time on or before the earlier of: (i) December 15, 2023, or (ii) two (2) business days after completion of a take-over bid or a merger, amalgamation, arrangement or other form of business combination as a result of which the shareholders of the Corporation immediately prior to the completion of such bid or business combination do not own a majority of votes attaching to the voting securities of the Corporation or of the resulting issuer, as the case may be, or do not have the power to elect a majority of the directors of the Corporation or of the resulting issuer, as the case may be, after completion of such bid or business combination.

Fancamp Exploration Ltd. (" Fancamp ") is pleased to announce that, on September 1, 2022, KWG Resources Inc. (" KWG "), an exploration stage mining company headquartered in Ontario, issued the following securities to Fancamp: (a) a secured convertible promissory note of KWG (the " Secured Convertible Promissory Note ") in the aggregate principal amount of C$34,500,000 (the " Principal Amount "), convertible into multiple voting shares in the capital of KWG (" MVS "); and (b) warrants (the " Warrants ") to purchase MVS. The Secured Convertible Promissory Note and the Warrants were issued by KWG to Fancamp as partial consideration for the acquisition by KWG of all of the right, title and interests beneficially owned by Fancamp in and to the "Koper Lake-McFaulds" mineral properties, comprised of four (4) mining claims located within the "Ring of Fire" in the Province of Ontario.

Fancamp Exploration Ltd. (" Fancamp ") (TSXV: FNC) and KWG Resources Inc. (" KWG ") (CSE: KWG, KWG.A; FSE: KW61) are pleased to announce that, further to their joint press releases dated July 21, 2022 and August 10, 2022, they have closed the sale (the " Transaction ") by Fancamp to KWG of all of the right, title and interests beneficially owned by Fancamp in and to the "Koper Lake-McFaulds" mineral properties, comprised of four (4) "legacy" mining claims (the " Mining Claims ") that cover approximately four (4) square kilometers, overlying the axis of the Ring of Fire intrusion, host to all the known chromite deposits located within the "Ring of Fire" in the Province of Ontario.