VANCOUVER, BC / ACCESSWIRE / April 21, 2022 / KALO GOLD CORP. (TSXV: KALO, Financial) (“Kalo”, “Kalo Gold“or the”Company“), is pleased to announce that Mr. Terry L. Tucker, P. Geo, has joined the Company as President and Chief Executive Officer. Mr. Fred Tejada has been appointed Executive Vice President, Exploration and Mr. Kevin Ma has been appointed Executive Vice President, Capital Markets Mr. Tejada and Mr. Ma will remain directors of Kalo.

Mr. Terry L. Tucker, geo. is a seasoned mining entrepreneur and professional geoscientist with over 30 years of experience in mining exploration and development projects around the world having acquired or discovered several gold deposits, three of which have gone into production. Prior to moving to Switzerland in 2011, he was CEO and Director of Nyota Minerals Limited (AIM, ASX) focused on an advanced stage gold project in Ethiopia. He was also President, CEO and Director of TSX-listed StrataGold Corporation, where he successfully advanced the exploration and development of two gold projects in Guyana and Canada prior to acquisition by Victoria Gold. Corp (TSX-V: VIT) in June 2009. Previously, he was responsible for several exploration projects in northern Canada, including the co-discovery of the precious metal-rich Wolverine deposit. Terry is currently Executive Chairman and Director of Southstone Minerals Limited (TSX-V: SML), which owns a producing alluvial diamond mine in South Africa, Director of Djado Gold PLC, a private UK gold exploration company and a member of the Association of Professional Engineers and Geoscientists of British Columbia.

Kevin Ma, Director of Kalo Gold comments, “On behalf of the Board of Directors and our advisors, we welcome Terry to the Company. We look forward to transforming Kalo Gold and the Vatu Aurum Gold Project into a multi-million ounce gold discovery. Kalo is exploring in some of the world’s most promising geology, in the heart of the Pacific Ring of Fire volcanic region, where many of the world’s largest gold mines have been discovered.Kalo has successfully completed the drilling program phase 2 with results pending. We are excited to have Terry leading Kalo into the next phase and the evolution of Kalo Gold Corp.”

Terry L. Tucker, geo. CEO says, “The district-wide Kalo Gold property represents an exceptional exploration and development opportunity within the Ring of Fire, where many giant gold mines have been discovered, including the Vatukoula alkaline gold system. , also located in the Republic of Fiji, where production exceeds 7 million oz. of gold and exploration and production is ongoing.The opportunity to work with the Kalo team to advance the gold project The Company’s very promising Vatu Aurum, in the politically stable and mining-friendly jurisdiction of Fiji, represents a great opportunity.It was important to me that the Company had acquired a large package of very promising land, had its own rigs drilling rig and had assembled an outstanding geological, management, advisory and advisory team that is essential to successfully moving the project and the Company forward its land package in the F idji, represents a rare opportunity to make a potentially economic new gold discovery.”

About Kalo Gold Corp.

Kalo Gold Corp. is a gold exploration company focused on the epithermal Vatu Aurum Gold Project on the island of Vanua Levu (North Island) in the Republic of Fiji. Kalo holds a 100% interest in two special exploration permits, covering 36,691 hectares, located along what is known as the Pacific “Ring of Fire”. The Ring of Fire is home to several of the largest gold deposits in the world. Historic exploration work includes over 9,000 meters (m) of diamond drilling, focused on the Qiriyaga Hill gold deposit and resulted in the estimate of a historic gold resource.

Drilling at Qiriyaga Hill, located at the southern end of the 3.3 kilometer long northeast-trending Qiriyaga Zone, confirmed the presence of high-grade gold mineralization, including that of KCD17 which intersected 8.75 m grading an average of 36.02 grams per tonne (g/t) of gold (Au) (61.25m – 70.00m) and 10.00 m grading an average of 27.18 g/t Au (76.00m – 86.00m) including 3.00 m grading an average of 69.03 g/t Au (80.00m – 83.00m). Outside of Qiriyaga Hill there are fourteen epithermal-style gold targets, some with copper mineralization, located within or around the calderas present on the property, which have been identified by Kalo Gold and previous operators. . These targets, as well as Qiriyaga Hill, will continue to be the subject of ongoing exploration work underway or to be conducted by Kalo.

Qualified person

The technical information contained in this press release has been reviewed by Fred Tejada, P.Geo, Director and Officer of Kalo Gold, a Qualified Person as defined by National Instrument 43-101 (NI 43-101).

On behalf of the Board of Directors of Kalo Gold Corp.
Kevin Ma

For more information, please contact Kevin Ma, Director, at [email protected] or +1-604-363-0411.

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

Disclaimer of Forward-Looking Statements

Certain statements in this release are forward-looking statements, meaning statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements are often identified by words such as “will”, “may”, “should”, “anticipate”, “expect” and similar expressions. All statements, other than statements of historical facts, included in this release, including statements regarding the proposed drilling schedule and the proposed expansion of the exploration program, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include the quality and quantity of any mineral deposit that may be located, the Company’s inability to obtain the necessary permits, consents or authorizations for its activities, the Company’s inability to raise the necessary capital to be fully able to implement its business strategies, and other risks and uncertainties disclosed in the Company’s filing statement dated February 9, 2021 and in the most recent interim MD&A filed with certain securities commissions in Canada.

Readers are cautioned that assumptions used in preparing any forward-looking statements herein may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those anticipated due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. Readers are cautioned not to place undue reliance on forward-looking information. This information, although considered reasonable by management at the time it was prepared, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release and the Company will publicly update or revise any forward-looking statements included as expressly required by Canadian securities law.

THE SOURCE: Kalo Gold Corp.

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