Toronto, Ontario--(Newsfile Corp. - July 11, 2022) - KGL Resources Ltd. (TSXV: KGL) ("KGL" or the "Company") announced today that it has been advised by the TSX Venture Exchange that its listing will be transferred to the NEX Board of the TSX Venture Exchange ("Exchange") effective as of the opening of trading on Tuesday, July 12, 2022. The Company previously announced that its listing was being reviewed by the Exchange as a result of the Company not meeting the Exchange's continued listing requirements and the transfer was made for this reason. The NEX is a separate trading board of the Exchange which provides a trading forum for companies that have fallen below the Exchange's ongoing listing standards.

Toronto, Ontario--(Newsfile Corp. - June 22, 2022) - KGL Resources Ltd. (TSXV: KGL) ("KGL" or the "Company") announced today that it has completed its previously announced share settlement transaction with former directors and officers, extinguishing all claims of such persons in consideration for the issuance of an aggregate of 1,420,000 common shares of the Company (reduced from the previously announced total of 1,500,000 common shares by agreement with one of the parties). The share settlement was approved by disinterested shareholders at the Company's annual and special shareholders' meeting held on June 20, 2022. All shares issued pursuant to the share settlement are subject to a 4-month hold period expiring October 22, 2022.