Kilo Goldmines Ltd.

Corporate Update - Seite 2

Incorporated within these licences is:

- the Somituri Project (71.25% owned by KGL), comprising eight non-contiguous licences (606 km²) held by KGL-Somituri SARL; and

- the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd (2056 km²), for gold and associated minerals only. The JV is managed by Randgold and financed by it to a pre-feasibility (PFS) for a 51% participation interest. Upon completion of the PFS, KGL can participate in funding or Randgold will increase its participation to 65% by completing a Feasibility Study. Areas which may be deemed of no interest to Randgold will be returned to KGL.

Additionally:

· KGL has retained the rights to explore for and develop any iron ore resources (or other minerals) associated with the licences held by KGL Isiro SARL.

· KGL has a minority interest in the Hajigak iron ore project in Afghanistan.

QUALIFIED PERSON

Howard Fall, B.Sc., PhD, MAusIMM, QP (Geo) is the 'qualified person' (as such term is defined under National Instrument 43-101) of Kilo and has reviewed the scientific and technical information contained in this release.

DISCLAIMER

This news release may contain forward looking statements concerning future operations of Kilo Goldmines Ltd. All forward looking statements concerning Kilo's future plans and operations, including management's assessment Kilo's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond Kilo's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.

Kilo Goldmines Ltd.
David Netherway
Chairman
[phone]
[e-mail]

Kilo Goldmines Ltd.
Philip Gibbs
Chief Financial Officer
[phone]
[e-mail]
www.kilogoldmines.com