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KWG share count as of 5 December 2011

AGO and SH folks (hope that AGO's format is better the SH's)

Here it is, the latest info on KWG share count

(a) Total count: 87 posters (out of 6000+ small shareholders),

63.459 M shares, or 7.44%, fully diluted, w/o 4M wts (853 M shares assumed for FD).

67.459 M shares, or 7.91%, FD, with 4M wts (ref #75 on list).

Note: 10+% would block the compulsory tendering proceeding, so it would be good to achieve this by ourselves, i.e. not counting on management contribution as discussed below.

- Block 1 (our share count) + Block 2a (Management + BOD shares) = 7.44 + 2.10 = 9.54% (w/o 4M wts)

= 7.91 + 2.10 = 10.01% (with 4M wts)

- Block 1 + Block 2b (all Management & BOD options wts exercised) = 7.91 + 8.40 = 16.31%, with the 4M wts

Important Note: If the wts and options as discussed in Note 4 at the end is current, then 230M wts and opts could represent 27%) [assuming that they are in friendly hands] would change the picture SIGNIFICANTLY, since 27% + our count plus management (~16.3%) would push the total over 43%, i.e. > 1/3.

- CLF: 17.4% (could be 19.9% if options were exercised (confirmation needed).

- KWG has bought back some share for cancellation, but this would not change the % in term of relative ranking.

(b) Institutions: See note 5 at the end (links were provided by “fightiam” and “binvue1” from another SH board…thanks for those!). It would appear that the shares are widely held by some 6000 shareholders.

Goal for our share count: 10% plus a bit margin (say 0.1%), or at least 8% (+ 2.1% from management, = 10.1%, assuming no exercise of options and wts from management. As indicated above, our block is now at (just a hair below) the 8% level.

goldhunter

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List of KWG shareholders and share declarations as of 5 December 2011

Note to Posters:

1. Please verify your declarations.. The order below follows approximately the posting time)

2. If you want to change your status from anonymous to public, or error report please let me know).

Warning: The information provided was based on information available, some public which may be out of date, and declarations by posters most came under SH nicknames, some under anonymous, assuming that that the declarations are genuine . There is absolutely no guaranty that the information is 100% correct, up-to-date, and free of errors, hence it would be prudent for the users to verify the numbers as part of their due diligence (DD) before making any decision. The information gives a general indication of share holdings for some key blocks. Use them at your own risk.

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SH nickname (Million shares); AGO nickname as indicated

- #1 goldhunter 1.265

- #2 bcleo 1.000

- #3 flybyyou 2.800

- #4 dcs68 0.900

- #5 koooo 0.669

- #6 goodheart 1.000

- #7 winnie4u2 5.005

- #8 investment club1 0.600

- #9 anonymous 6 3.625

- #10 canuk3: 4.400

- #11 kander2 0.220

- #12 CYPSaviour 0.100

- #13 Suspect6660 0.092

- #14 EastYork 0.140

- #15 Little Lady2 0.145

- #16 anonymous 2 1.300

- #17 fordtrucks 0.200

- #18 embertr 0.238

- #19 waterboy2 0.350

- #20 chickendinner 1.030

- #21 johnbuoy 0.350

- #22 anonymous 5 0.500

- #23 huevos_ranch.. 0.172

- #24 anonymous 3 0.200

- #25 razmot10 0.510

- #26 out_at50 0.450

- #27 blackflies 0.320

- #28 5353 0.500

- #29 frankblume 1.000

- #30 nsross 0.500

- #31 don36625 0.600

- #32 oreelse 0.500

- #33 parslja 1.700

- #34 oscarandbailey 0.031

- #35 johnni19r 3.000

- #36 dahrock 0.031

- #37 riverrocks 0.250

- #38 lowboy 0.050

- #39 huevos rancher 0.028

- #39 whiterock 0.190

- #40 remedy 1.600

- #41 kerfish 0.391

- #42 sapoa333 1.000

- #43 yukongold 0.058

- #44 jameslast 0.833

- #45 droptop 0.282

- #46 makada 0.100

- #47 wayne717 0.233

- #48 canadian bacon 0.059

- #49 makesence 0.208

- #50 johnale 1.000

- #51 squasher 0.628 (AGO)

- #52 gmazerolle 0.179

-#53 Barbubeatnik 0.405 (AGO)

- #54 harryd 0.105

- #55 cyril 0.200 (AGO)

- #56 dolphin 0.100 (AGO)

- #57 The Deputy 0.130 (AGO)

- #58 retired rookie 0.100 (AGO)

- #59 sdawoud 0.100 (AGO)

- #60 wishing 0.730 (AGO)

- #61 snowman 0.900 (AGO)

- #62 Malborodog 0.500 (AGO)

- #63 Thistime 0.255 (AGO)

- #64 From_Sudbury 0.154 (AGO)

- #65 GleeGee 0.230 (AGO)

- #66 turcotte 0.400 (AGO)

- #67 blackfly 0.300 (AGO)

- #68 cappysmart 0.160 (AGO)

-#69 doryloads 0.150 (AGO)

- # 70 anonymous 7 6.500 (AGO)

- #71 stratopod 0.020 (AGO)

- #72 bannaboy 0.350 (AGO)

- #73 cafegrains 0.550 (AGO)

- #74 Blairnessss 4.000

- #75 Blairnessss 4.000 wts

- #76 tie 0.215

- #77 19bud67 0.464

- #78 Camera Show 0.100

- #79 Jack Mak 0.051

- #80 Elmira Fish.. 0.150

- #81 grandejohnson 1.800

- #82 dancer 0.050

- #83 suspect6666 0.092 (AGO)

- #84 upnorth 0.025 (AGO)

- #85 redgreen 0.070 (AGO)

- #86 goldstar 0.200 (AGO)

- #87 ironwill 0.027

Total: (87 posters) 63.459 shares, or 7.44% (w/o 4M wts)

67.459 shares, or 7.91% (with 4M wts, 1wt = 1sh)

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NOTES:

1. Share count as declared by SH &AGO posters, and reported “as is”

2. OS: 636 M; 853 M fully diluted (KWG has bought back some share for cancellation, but this would not change the % in term of relative ranking).

3. CLF: 17.4% fully diluted; 148.422 M shares of KWG (confirmed by Dir of Com in a telecon with Pear3, 7/7/2011 2:13:06 PM | Post #29947250)

4. Management + BOD (Shares+wts+options): Approx 72 M (= 8.4% fully diluted) based on the data in a research report (July 2011) kindly provided by a poster. Management + BOD shares only: Approx 18 M shares (= 2.1% fully diluted). Note: Need to verify management wts+ opts. Apparently, KWG website says 169M wts and 61 M opts. This total of 230M wts and opts represents 230/853 = 27% which is huge, compared to the 8.4% listed in share count for management. This could become a swing block.

5. Institutions: A quick check using the websites did not reveal any major institutional shareholders. The websites (which were kindly provided by posters “fightiam” and “binvue1 from another SH board”) are shown below for those who want to dig a bit deeper.

- Venture Exchange link:
http://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=kwg.v
- TSX link:
http://apps.cnbc.com/view.asp?country=US&uid=stocks/ownership&symbol=bnk.to

All you have to do is to change the relevant stock symbol

If you prefer you may go to the following site and navigate you way through:

http://www.cnbc.com/