As of May 1, 2013, 691,577,273 Common Shares were outstanding, each giving the right to one vote at the Meeting. To the knowledge of the directors and officers of the Corporation, the only persons, firms or corporations who own, as of the Record Date, directly or indirectly, or exercise control or direction over voting securities of the Corporation carrying more than 10% of the voting rights attached to any class of voting securities of the Corporation, are as follows:

Shareholder Name: Cliffs Greene B.V.

Number of Common Shares: 111,733,215

Percentage of Issued Shares 16.15%

Source: sedar.com - KWG RESOURCES INC. NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS June 2013 (May 15, 2013 Management information circular - English)