TORONTO, ONTARIO--(Oct. 29, 2015) - The parties to the Black Horse chromite deposit are reviewing the opportunities available to them to collaborate in its development in order to lead further investment into the Ring of Fire.

The mining claims known as the Koper Lake Project, containing the Black Horse chromite deposit are held by Fancamp Exploration Ltd. (TSX VENTURE:FNC) ("Fancamp") subject to an option agreement in favour of Bold Ventures Inc. (TSX VENTURE:BOL) ("Bold"). Bold, in turn, has givenKWG Resources Inc. (CSE:KWG) ("KWG") the right to earn up to an 80% operating interest under its option in the chromite resources and up to a 20% operating interest in all "other metals" while Bold will earn, upon KWG fulfilling the terms of the option agreement, up to a 20% carried interest in the chromite resources and up to an 80% operating interest in all "other metals" within the claims. For a description of the option agreements Koper Lake Project.

About Fancamp and the Ring of Fire

Fancamp is currently the 100% owner of the Koper Lake Project that is host to the Black Horse chromite deposit that is under option to Bold Ventures Inc.

About KWG and the Ring of Fire

As a result of the project work carried out to date, KWG has recently filed an updated Ni 43-101 technical report for the Koper Lake Project, Black Horse Chromite Inferred Resource of 85.9 Million Tonnes @ 34.5% Cr2O3. This report entitled "National Instrument 43-101 Technical Report, Koper Lake Project Chromite Deposit, McFaulds Lake Area, Ontario, Canada, Porcupine Mining Division, NTS 43D16, Updated Mineral Resource Estimation Technical Report, UTM: Zone 16, 548460m E, 5842511m N, NAD 83", is dated July 14, 2015 (the "Koper Lake Report") was authored by Alan Aubut, P. Geo., under the provisions of National Instrument 43-101. The Koper Lake Report is filed under the SEDAR profile for KWG at Ring of Fire include its optional interests in the Koper Lake Project and nineteen separate claim groups that are located in and around the Ring of Fire area and were staked to cover a number of high priority VTEM airborne electromagnetic survey anomalies. Bold's management team was responsible for the discovery of the Noront Resources Ltd. owned Eagles Nest nickel-copper massive sulphide deposit, Blackbird Chromite deposits and the Thunderbird Titanium-Vanadium deposit.