KGL KGL Resources Ltd

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR PUBLICATION, RELEASE OR
DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED
STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION
IN WHICH IT WOULD BE UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH
JURISDICTIONS.


Kilo Goldmines Ltd. (the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased
to announce that it has completed its previously announced short form prospectus
offering of units (the "Units") raising gross proceeds of $10 million. The
Company has issued and sold today, through GMP Securities L.P., Clarus
Securities Inc. and Byron Capital Markets Ltd. (collectively, the "Agents"),
100,000,000 Units at a price of $0.10 per Unit. Each Unit consists of one common
share and one common share purchase warrant. Each warrant entitles the holder
thereof to purchase one common share at a price of $0.15 for a period of three
years from the date of closing of the offering. Directors and officers of the
Company acquired an aggregate of 870,000 Units under the offering.


In connection with the offering, the Agents have been granted 2,926,650
non-transferable warrants ("Agents' Warrants") to purchase common shares. Each
Agents' Warrant entitles the holder to acquire one common share at a price of
$0.10 for a period of two years from the closing of the offering.


The Company intends to use the net proceeds from the offering to fund further
exploration of the Company's Somituri gold property in the Democratic Republic
of Congo and for working capital and general corporate purposes.


This press release does not constitute an offer of the securities described
herein in any jurisdiction. The securities described herein have not been and
will not be registered under the United States Securities Act of 1933, as
amended, or the securities laws of any state and may not be offered or sold in
the United States absent an exemption from registration.


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kilo Goldmines Ltd.
Alex van Hoeken
Chief Executive Officer & President
+1 416 360 3406
info@kilogoldmines.com
www.kilogoldmines.com

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