Kilo Goldmines Ltd.: A Review by Roscoe Postle of Prospective Iron Ore Licences Held by KGL Isiro SARL Indicates Potential for

Kilo Goldmines Ltd.: A Review by Roscoe Postle of Prospective Iron Ore Licences 
Held by KGL Isiro SARL Indicates Potential for Iron Ore
Deposit of Regional/Global Significance 
TORONTO, ONTARIO -- (Marketwired) -- 09/04/13 -- Kilo Goldmines Ltd.
(TSX VENTURE:KGL)(FRANKFURT:02K) ("KGL" or the "Company") is pleased
to announce that a review of exploration data produced by Rio Tinto
Mining and Exploration (RTME) during its joint venture (JV) agreement
with KGL from 2007 to 2012 has been completed by Roscoe Postle
Associates (RPA). The findings of this review are summarised
herewith. 
HIGHLIGHTS 


 
--  Ngayu greenstone belt (Figure 1) 
    --  five licences covering some 749 km2 
    --  itabrites (metamorphosed banded iron formation) potentially extends
        over a 20 km non-contiguous strike length (as defined by airborne
        geophysics) 
    --  initial analytical results suggest that mineralized material may be
        suitable as Direct Shipping Ore (DSO) 
    --  RPA estimates that Mt Asonga may contain between 750 to 1500 Mt of
        mineralized material, grading 59 - 65% Fe focused on a 19 km2 area
        on Mt Asonga. Note that the potential quantity and grade is
        conceptual in nature, there has been insufficient exploration to
        define a mineral resource and it is uncertain if further exploration
        will result in the target being delineated as a mineral resource.
        Furthermore: 
        --  12 diamond drill holes totalling 1198 m were drilled by RTME 
        --  minimal overburden and intercepts up to 127 m with an average
            overall seam thickness of 70 m 
    --  Reconnaissance sampling has confirmed the presence of mineralization
        at an exploration target to the southeast of Mt. Asonga known as Mt.
        Zatua. This shares the characteristic of coincident topographical
        highs and magnetic anomalies that have been observed at Mt. Asonga 
--  Isiro greenstone belt (Figure 2) 
    --  7 licences covering 1306 km2 
    --  itabrites (metamorphosed banded iron formation) potentially extends
        over a 60 km non-contiguous strike length (as defined by airborne
        geophysics) 
    --  outcrops at Mt. Abambula and Mt. Dududu contain both massive and
        laminated types of hematite mineralization 

 
In RPA's opinion, the project warrants additional exploration to
estimate Mineral Resources and bring the project to a Preliminary
Economic Assessment level, as well as further exploration on the
other targets. 
Alex van Hoeken, President and CEO of KGL, stated: "The RPA review of
the RTME data, indicates that the licences held by KGL, have the
potential of generating an iron deposit of regional and global
significance. 
Whilst KGL's primary business focus is the KGL Somituri gold project,
this review indicates that the iron potential of the exploration
licences held by KGL Isiro SARL can potentially add significant
value. KGL will over the coming months approach potential business
partners, with the view of soliciting a new JV partner for the
development of this iron ore deposit." 
BACKGROUND 
The 12 exploration licences covering some 2056 km2 are held in the
name of KGL Isiro SARL (Figure 3), a company registered in the
Democratic Republic of Congo (DRC). Through this entity, Randgold
Resources and KGL also have a joint venture for gold and associated
minerals only, whilst all other non-gold rights (iron) remain
contractually with KGL and its minority partner Suez Holdings, a
private Jersey registered holding company and the original owner of
the licences. 
During the joint venture period RTME had purchased a 15% equity stake
in the project. In exchange for this equity and in recognition of
exploration effort expended including discovery of the Mt Asonga
prospect, RTME's equity stake was swapped for a 0.8% production
royalty over 8 years. The final contractual iron ownership is 89% KGL
and 11% Suez Holdings. 
RTME terminated the JV agreement with KGL in April of 2013 and as per
the termination agreement, RTME provided the entire data set
collected during the joint venture period. This data set included:
geophysical and remote sensing data over the entire property;
down-hole drill logging and surveys from 12 holes totalling some 1198
m of drilling; reconnaissance sampling; basic lithology information
and analytical results and certificates. 
In July of 2013, KGL submitted the data supplied by RTME to
international mining consultants Roscoe Postle Associates (RPA), for
an independent assessment of the data. RPA subsequently produced a
report based on a review of the available data and a site visit by Mr
Ian Blakley, VP and General Manager of RPA UK Ltd (qualified person)
to Mt Asonga and RMTE's former base camp at Isiro (core storage
facility). The drill core was cut in half and one-half was submitted
by RTME to Ultra Trace Pty. Ltd in Perth, Western Australia, for
X-ray fluorescence (XRF) analysis. 
QUALIFIED PERSON 
The data review disclosed in this press release was supervised by
RPA's geological consultant Pierre Landry. Pierre Landry, B.Sc.H.,
P.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 approx. 3000 km2 of favourable Archaen
Kabalian Greenstones 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) and
the KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd
(2056 km2), for gold and associated minerals only. The KGL Isiro SARL
Exploration Licences were transferred from KGL Iron SPRL following
the termination of an agreement for iron by RTME. 
Additionally: 


 
--  KGL has retained the rights to explore for and develop any iron ore
    deposit associated with the licences held by KGL Isiro SARL. 
--  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. 
To view the figures accompanying this press release, please visit the
following link: http://media3.marketwire.com/docs/896013.pdf
Contacts:
Kilo Goldmines Ltd.
Alex van Hoeken
Chief Executive Officer (CEO) & President
+1 416 360 3406
info@kilogoldmines.com
www.kilogoldmines.com