TORONTO, ONTARIO--(Marketwired - Jun 23, 2014) - Kilo Goldmines Ltd. ("KGL" or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K) is pleased to announce an update on its exploration activities.

QUALIFIED PERSON

The data review disclosed in this press release was supervised by Howard Fall. Howard Fall, B.Sc.Ph.D., MAusIMM CP (Geo) is also the 'qualified person' (as that term is defined under National Instrument 43-101) retained by the Company who has reviewed the scientific and technical information contained in this release.

ABOUT KILO

Kilo Goldmines Ltd. (KGL) is a Canadian gold exploration company, listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. KGL holds exploitation and exploration licences covering some »3000 km² of favourable Archaen Kabalian Greenstones(the Ngayu belt) in the northeast Democratic Republic of Congo an area historically referred to as the Kilo-Moto region, a historic gold-producing region (11 Moz, Mineweb).

Incorporated within these licences is:

• the Somituri Project (71.25% owned by KGL), comprising eight non-contiguous licences (606 km²)
• 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). 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. These licences were in a JV with Rio Tinto who have now withdrawn.
• KGL has a minority interest in the Hajigak iron ore project in Afghanistan.

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 KGL'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.

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.