KWG Closes Previously Announced Private Placement of Flow-Through Units

Toronto, Ontario--(Newsfile Corp. - December 31, 2020) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (FSE: KW6) ("KWG" or the "Company") is pleased to announce the closing today of its previously announced non-brokered private placement (the "Private Placement") of 280,000 flow-through units (each a "Flow-Thorough Unit") at a price of $1.5001 per Flow-Through Unit for aggregate gross proceeds of $420,028 (see KWG's news release dated December 30, 2020).