KWG Resources Inc.

Agoracom folks,

I am compiling this list for the SH folks (don't know why I got myself into this), but post here this time for several reasons:

- the new SH messed the format and I havn't got the time trying to sort it out, so I tried my luck here to see if the format would not be "re-arranged" when I upload;

- for your information about the strength of the block of 52 shareholders (out of some 6000 retail shareholders) on SH side (including some of you on this side under SH handles); and

- To solicit your contributions. We are just a little short (170k shares out of some 42.6 M shares) to get to a nice round number of 5%. A 10% block by ourselves would be much better, but with management on our side (this is an assumption) the two blocks would amount to 13.4% which would be strong enough, as bargaining power, during a potential hostile TO from somebody (Note: CLF has 17.4%...subject to verification, anyone?)

Contact me you would like to add your declaration either here or on the other side.

If the format is messed up, please strain your eyes a little, since the info is all there.

goldhunter

>>>>Share count as of 11 Novemeber 2011

SH folks, Here it is the latest info on KWG share count

(a) Total count: 52 posters (out of 6000+ small shareholders), 42.484 M shares or 4.98% fully diluted (853 M shares assumed)

- Block 1 + Block 2a (Management + BOD shares) = 4.98 + 2.1 =7.08%

- Block 1 + Block 2b (all Management & BOD options and wts exercised) = 4.98 + 8.4 = 13.38%

- CLF: 17.4% (could be 19.9% if options were exercised, apparently this has been done…perhaps KWG IR can confirm this, not by phone, but in writing… e-mail would do).

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

(b) Note winnie4u2 (5M share block in the share count table below has given permission to replace anonymous1 with the SH handle. Anyone else want to unveil? Any more declarations to get the share count over the 5% level. We still an itsy-bitsy amount of approximately 170 k share to get it over 5%.

(c) 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. If we have more participation (in addition to the die-hard 51 in the list) then perhaps it is possible to get 10% from the retail investors given that the last fling for the summer is over. Management contribution of 8.4% would be gravy on the top.

goldhunter

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List of KWG shareholders and share declarations as of 10 November 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, but use them at your own risk.

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Share Count

SH nickname (Million shares)

- #1 goldhunter 1.265

- #2 bcleo 1.000

- #3 flybyyou 2.000

- #4 dcs68 0.900

- #5 kee000 0.644

- #6 goodheart 1.000

- #7 winnie4u2 5.005

- #8 investment club1 0.600

- #9 anonymous6 3.625

- #10 canuk3: 4.000

- #11 kander2 0.220

- #12 CYPSaviour 0.100

- #13 Suspect6660 0.092

- #14 EastYork 0.140

- #15 Little Lady2 0.145

- #16 anonymous2 1.300

- #17 fordtrucks 0.200

- #18 embertr 0.238

- #19 waterboy2 0.350

- #20 chickendinner 1.030

- #21 johnbuoy 0.350

- #22 anonymous5 0.500

- #23 huevos_ranch.. 0.172

- #24 anonymous3 0.200

- #25 razmot10 0.510

- #26 out_at50 0.291

- #27 blackflies 0.320

- #28 5353 0.500

- #29 frankblume 1.000

- #30 nsross 0.500

- #31 don36625 0.600

- #32 oreelse 0.380

- #33 parslja 1.700

- #34 oscarandbailey 0.031

- #35 johnni19r 3.000

- #36 dahrock 0.031

- #37 riverrocks 0.250

- #38 lowboy 0.030

- #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

- #10 canuk3 0.400

- #51 kenbenoit 0.350

- #52 gmazerolle 0.179

Total: 52 posters 42.484 M shares or 4.98% (0.17 Ms short of 5%)

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NOTES:

1. Share count as declared by SH 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).

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/