Breaking News

KWG Resources Inc. - stock options

16:07 EST Friday, February 29, 2008

Symbol on TSX-Venture Exchange: KWG

Shares issued and outstanding: 263,563,821

MONTRÉAL, Feb. 29 /CNW/ - KWG Resources Inc. (TSXV - KWG) announces that the Board of Directors approved, subject to the approval of regulatory authorities, an increase in the number of common shares reserved for issuance under the Company's stock option plan to 26,280,000. The approved maximum number represents approximately 10% of the current number of shares issued and outstanding. The Board granted a total of 2,391,600 options of which 1,622,400 were granted to the directors, 396,000 to officers who are not also directors, and 372,200 to employees and consultants of the Company.

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this press release.

For further information: Bruce Hodgman, Communications Director, Direct: (905) 582-9744, info@kwgresources.com; Michel Côté, Director Telephone: (514) 866-6001-Ext. 266, Fax: (514) 866-6193 Or visit our website: www.kwgresources.com