KAS Khalkos Exploration

Management of KHALKOS EXPLORATION INC. ("Khalkos") (TSX VENTURE:KAS) is pleased
to announce the acquisition of the V Property in the Villebon Township, located
47 km south of the city of Val d'Or in Abitibi, Quebec. The property consists of
two adjacent lots covering 87 hectares containing gold-bearing quartz veins of
several metres in thickness. In accordance with the agreement with the vendors,
which is conditional to the approval of the competent authorities, Khalkos
wholly acquires this strategic property in consideration of the issuance of
1,200,000 common shares. 


Recent rock sampling and historical data compilation demonstrate the strong
potential of the V Property, which encourages Khalkos to pursue exploration
activities on the property. 


The property is located at around 12 km south of the former Chimo mine which
produced 363 000 oz of gold between 1966 and 1996. The property is
well-positioned in a favourable area containing numerous other gold showings
within an under-explored gold deformation corridor of more than 1 km in length.
The first mineralized showings were discovered in the 1930s, and underwent
stripping, rock sampling, and drilling in the 1940s and 1980s, with no
additional drilling since then. The historical data was estimated at around
5,500 oz at 7.8 g/t Au in vein #4 and around 1,000 oz at 3.2 g/t Au in vein #3
with a vertical depth of less than 100 m. A qualified person has not done
sufficient work to classify the historical estimate as current mineral resources
and Khalkos is not treating the historical estimate as current mineral
resources. During the 1940s, the V Property underwent a small-scale artisanal
mining operation, producing around 160 oz of gold, which was then sent to the
Royal Canadian Mint. 


Khalkos plans on expanding the stripped area of vein #4, notably in the northern
part of the vein, where a historical sample graded 35 g/t Au. A systematic
sampling program is also planned on the old stripping areas of veins 3 and 4. A
drilling campaign will also be undertaken shortly in order to confirm the depth
of the veins, which were not tested at deeper than 100 m in vertical depth. 


This press release was prepared by Dominique Doucet, P. Eng., President of
Khalkos, Qualified Person pursuant to National Instrument 43-101. 


Statements in the release that are "forward-looking statements" are based on
current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially. We undertake no duty to
update any forward-looking statement to conform the statements to actual results
or changes in our expectations.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dominique Doucet
President
(514) 750-9026
(514) 510-7964 (FAX)
ddoucet@khalkos.com


Frederic Sahyouni
CFO
(514) 750-9026
(514) 510-7964 (FAX)
fsahyouni@khalkos.com
www.khalkos.com

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