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Gold/Mining/Energy : KWG Resources (KWG - T) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Jackson who wrote (109)	12/18/1997 11:42:00 AM
From: Claude Robitaille	Respond to of 197

I am forwarding last update: Brazil exploration resultsÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ KWG Resources Incÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ KWG Shares issued 22,180,479ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Nov 26 close $0.37 Thu 18 Dec 97ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ News Release See Spider Resources Inc (SPQ) News Release Ms Mary Peechka reports Drill hole No. 4 on the Contendas propertyÿ onÿ theÿ borderÿ betweenÿ Minas Geraisÿ andÿ Goias States of central Brazil, encountered a field identified olivine-phlogopite lamproite.ÿ Holeÿ No.ÿ 4ÿ isÿ withinÿ 100mÿ ofÿ aÿ large garimpero site which was successfully exploited in the 1995-96 field season by local garimpos. This activity is reported to have yieldedÿ 5,000ÿ carats ofÿ diamondÿ inÿ nearÿ surfaceÿ material,ÿ butÿ wasÿ shutÿ down by DNPM for environmental infractions (by the garimpos) and lack ofÿ properÿ permitting forÿ aÿ mechanized excavation. The near surface material, which yielded the diamonds, has been described by several geologists as an autolithic breccia associatedÿ withÿ eluvialÿ epiclasticÿ tuffs. Both members are of extrusive volcanic origin. An alluvialÿ operation,ÿ 500mÿ toÿ theÿ southwestÿ ofÿ the Contendasÿ lamproite,ÿ yieldedÿ aÿ 107 carat diamond in the summer of 1995, which sold locally for US$500,000. A current garimpeiroÿ operationÿ working 400mÿ east of this discovery hole (within the Contendas structure) recently recovered four diamonds, the largest beingÿ 1.75ÿ carats,ÿ describedÿ asÿ a clear white crystal. Two substantial dikes were intersected in this discoveryÿ hole.ÿ Theÿ dikes areÿ separatedÿ by 45m of chlorite schist, the regional host rock. A number of small dikelets are apparent in the interstitial schist.ÿ Thisÿ discovery isÿ believedÿ toÿ beÿ theÿ first of its kind in the area, and the dikes are presumed to be related to a much larger lamproite event.ÿ Portionsÿ ofÿ the deeperÿ dikeÿ are described as a heterolithic breccia followed by a massive olivine phlogopite lamproite section succeeded byÿ anÿ autolithicÿ breccia. Theÿ autolithic breccia portion of this particular feeder dike is identical in texture and composition to the surfaceÿ autolithicÿ brecciasÿ previously mappedÿ andÿ areÿ quiteÿ extensive at surface. The geological conclusion is that Spider has encountered a series of ancillary dikes related to aÿ large lamproiteÿ structure.ÿ Theÿ diamondiferousÿ autolithicÿ brecciaÿ exposed at surface is a distinct phase of the lamproite intrusion. The dike portion of the hole will be sampled and submitted for diamond analysis. Spider has temporarily curtailed theÿ explorationÿ drillÿ programÿ forÿ the Christmasÿ break.ÿ Spider plans on resuming the exploration drilling in the new year after the rainy season. A portion ofÿ theÿ 1998ÿ programÿ involves testÿ pittingÿ andÿ processingÿ eluvial material near surface. Spider is in agreement with KWG to earn 50% interest in this project by theÿ expenditure ofÿ US$1.8ÿ million prior to then end of 1998, to date, Spider has incurred an expenditure of approximately US$0.6 million. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

To: Bill Jackson who wrote (109)	12/20/1997 11:53:00 AM
From: Snuuslie	Read Replies (2) \| Respond to of 197

Dear Bill, My todays information : 1) Pierre Gauthier has find agreement with Genoil & Eag and all other creditors; 2) They will start trading on the parralel market from or Montreal or Vancouver on Monday 22 december 97, according Pierre Gauthier; 3) A statement of the situation will be released on monday 22 dec 97; 4) The trades on Montreal and Toronto or 23 of january or 23 of february 5) Didn't you admit that if they ever trade again, we'll make fat profits ?????? Have you or Philip heard any same or other news ?? Best regards Snuuslie