Mr. Bruce Hodgman reports

KWG RESOURCES INC ANNOUNCES POSTPONEMENT OF ANNUAL AND SPECIAL SHAREHOLDER MEETING DUE TO PENDING POSTAL STRIKE

Following notice received yesterday from KWG Resources Inc.'s registrar and transfer agent that, as a result of the strike notice issued by the postal workers union for May 23, 2025, the registrar and transfer agent would be prevented from sending out the company's meeting materials for its upcoming annual and special meeting of shareholders, originally scheduled to be held on Tuesday, June 24, 2025, the meeting has been postponed and rescheduled for Friday, July 18, 2025. The record date for shareholders entitled to attend and vote at the meeting will remain May 20, 2025. It is anticipated that meeting materials will be mailed to shareholders on or about June 23, 2025.

About KWG Resources Inc.

KWG, which carries on business as The Canadian Chrome Company, is an exploration-stage company that is focused on identification, acquisition, consolidation, exploration, development and evaluation of large-scale deposits of minerals, including chromite, base metals and strategic minerals, and, where applicable, in the development of transportation and electrification links to access remote areas where these deposits may be located. The Canadian Chrome Company is a registered business style of KWG Resources.

In respect of chromite, KWG is the owner of 100 per cent of the Black Horse chromite project (formerly part of Fancamp's Koper Lake-McFaulds properties), in which Bold Ventures Inc. is carried through exploration of the former Fancamp claims for 10 per cent of the chromite project. KWG also holds other area interests, including a 100-per-cent interest in the Hornby claims, a 15-per-cent vested interest in the McFaulds copper/zinc project and a vested 30-per-cent interest in the Big Daddy chromite project.

KWG also owns 100 per cent of Canada Chrome Corp., which staked mining claims between Aroland in Ontario (near Nakina) and the Ring of Fire. The subsidiary has conducted a surveying and mineral and soil testing program to explore for minerals and to assess the prospects for the engineering and construction of a railroad or other transportation facility along that route between the Ring of Fire and Aroland, covering the claims staked by the subsidiary. The subsidiary identified deposits of aggregate along the route and made application for 32 aggregate extraction permits. The subsidiary engaged Cormorant Utilities and Rail-Veyor Technologies for engineering proposals for the construction of a transportation and utility corridor within the route to connect the Ring of Fire area to transportation and electrification systems that run through Nakina in Ontario (near Aroland), connecting to Southern Ontario and the rest of Canada, and has received those proposals. Those proposals include electrification systems connecting to several first nations communities in the James Bay Lowlands, including in the Ring of Fire area.

KWG has also acquired intellectual property interests, including a lower-cost and reduced-carbon method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP has acquired two chromite-refining patents in Canada, and one in each of the United States, South Africa and Kazakhstan, and is prosecuting an application in Turkey.

We seek Safe Harbor.