Mr. Peter Smith of Fancamp reports

BOLD VENTURES AND KWG EARN INITIAL INTEREST IN BLACK HORSE PROJECT

Fancamp Exploration Ltd. has confirmed that KWG Resources Inc. and Bold Ventures Inc. have met all of the conditions of the various agreements between the parties to now establish a joint venture for the Koper Lake project under the terms of the option agreement with Fancamp. The parties have agreed that the project will be renamed the Black Horse project. Once the joint venture is established, KWG and Bold intend to continue to earn the further interests provided for in the agreements. Bold has carried through the exploration stage for a 20-per-cent interest in KWG's interest in respect of chromite. For more information regarding the project, please refer to the Oct. 29, 2015, press release on KWG's website.

KWG has issued to Bold a convertible debenture of $267,858 and five million treasury shares in settlement of operator's fees owed to Bold under the earn-in option. The debenture will bear interest at 5 per cent compounded annually until payment, is due on Jan. 15, 2019, and may be converted by Bold at any time, in whole or in part, into KWG treasury shares at five cents. The debenture must be repaid by KWG from any debt or equity issue proceeds of more than $1.5-million in any six-month period. KWG has also issued one million shares to Belgravia Funds Ltd. (London) for financial advisory services.

About Fancamp

Fancamp Exploration is a Canadian junior mineral exploration company with an exceptional inventory of properties and related assets.

About Bold

Bold Ventures works in both Ontario and Quebec. In Ontario, Bold owns several claim groups and is also earning an interest in the Koper Lake project. In Quebec, Bold's primary focus is on two projects: the Lac Surprise project and the Lac Grasset project.

About KWG

KWG has a 30-per-cent interest in the Big Daddy chromite deposit and the right to earn 80 per cent of the Black Horse chromite where resources are being defined. KWG also owns 100 per cent of CCC. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey and the United States.

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