McFaulds Lake

The mineral chromite is the only source of the metal chromium

Without chromium, stainless
steel would not exist

Without stainless steel, our bridges
and buildings quickly crumble

Without chromite to make stainless
steel, we cannot create lasting dreams!

The Kelpies, in Scotland, sculptured
by Andy Scott is clad in stainless steel

Our need for stainless steel has been
growing by 5 to 7% for 70 years

Stainless steel improves the sustainability
of our increasing use of metal because
it makes everything more durable

KWG Resources Inc has staked
mineral claims over a 330 kilometer route
of unique high ground through
the wetlands

Low cost rail transport ensures the
economic viability of mining chromite

Rail transport will reduce the footprint
and negative impact on the
ecologically sensitive wetlands

We value our natural environment

Canada has a significant global advantage in
reducing chromite to ferrochrome alloy; natural gas

An oversupply of natural gas in North
America for many decades will keep
its price low

Chromite is currently reduced to
ferrochrome at 1700 degrees in
electric arc furnaces

KWG has invested in the development
of natural gas reduction of chromite

KWG's gas chromite reduction is
"new art" and is the subject of global
patent applications

KWG's gas chromite reduction occurs
at 1300 degrees, leading to much lower
energy consumption

The energy savings of KWG's chromite
gas reduction replacing the existing
method is equivalent to the power
needs of a country the size of Italy

KWG's gas chromite reduction releases
fewer greenhouse gases

KWG's gas chromite reduction will
revolutionize ferrochrome production

In honour of the treaty between the First Nations of this land and Crown, it is KWG's desire that the First Nations be partners in the Ring of Fire developments

As partners and owners, First Nations could shape their future!

On February 28^th, 2001, joint venture partners KWG Resources Inc, carrying on business as The Canadian Chrome Company (“KWG” or “CCC”) and Spider Resources Inc (“Spider”) entered into a joint venture with De Beers Canada Exploration Inc (“DeBeers”) whereby De Beers would earn a 50% interest in the claims staked as a result of any discovery made based on targets generated by a CCC-Spider fixed wing magnetic survey that covered a large portion of the James Bay Lowlands. On March 9^th, 2001, De Beers staked claims 1242319 and 1242329 to cover a magnetic anomaly at the north end of McFaulds Lake with the intention of testing the anomaly with core drilling. Drilling discovered copper and zinc bearing massive sulphides, the first discovery in what is now known as the Ring of Fire. The discovery was followed by staking of claims over a large area. De Beers was not interested in participating in base metal exploration under the joint venture and ceased to be a joint venture partner. In a subsequent agreement dated May 2^nd, 2003, De Beers ceded to each of Spider and CCC a 50% interest in the claims staked and retained a 1.5% Net Smelter Royalty, and 0% interest in the claims. From 2003 to 2006, the Spider-CCC joint venture discovered 10 occurrences of copper and/or zinc. In 2007 this property, along with other properties in the area, were optioned to UC Resources Ltd. (“UC”) who had a right to earn a 55% interest in the properties, thereby reducing Spiders interest to 30% and CCC’s interest to 15%. UC conducted work on the property until 2011 when they sold their right to earn an interest in the property to Cliffs Chromite Far North Inc., who conducted further work on the property and have earned UC’s 55% interest, in addition to the 30% interest belonging to Spider which was purchased by Cliffs Natural Resources (“Cliffs”) and renamed Cliffs Chromite Far North Inc, which Noront Resources Ltd. (“Noront”) purchased in 2015 (Figure 6).

Figure 6