Kilimanjaro Capital Ltd.
PINKSHEETS : KIMJF

Kilimanjaro Capital Ltd.

August 11, 2014 08:00 ET

Agreement Inked by Kilimanjaro with Sika Resources for Gold Acquisition

BELIZE CITY, BELIZE--(Marketwired - Aug. 11, 2014) - The directors and management of Kilimanjaro Capital (PINKSHEETS:KIMJF) are pleased to announce that it has signed an agreement with Sika Resources to earn up to a 30% interest in Sika's world class gold assets in Tanzania.

Sika holds properties located within the Lake Victoria Goldfields, a world-class gold district with over 60 million ounces of gold in reserves In Tanzania. Sika's properties host Archean greenstone rocks within which numerous northeast-southwest and northwest-southeast trending fault/shear zones are seen, similar to trends hosting known gold deposits across the district. The assets are favorably located next to billion dollar gold deposits run by majors such as AngloGold Barrick and Resolute.

Kilimanjaro is excited by the opportunity present in Tanzania. The political stability coupled with the untapped resource potential allows Kilimanjaro to make an impact revenue generating acquisition. According to Kilimanjaro CEO Zulfikar Rashid: "Kilimanjaro is delighted with this opportunity to work with Kim Harris and Sika Resources in Tanzania. This gold asset has been on our radar for a long time and we will do everything possible to make it happen. We are already in discussions about the financial structure required and hope to consummate the deal in 30 to 60 days."

Sika plans to announce its work program on the assets shortly and is also optimistic about the two emerging Africa focused resource companies partnering up to tap gold deposit formations. Kim Harris, the CEO of Sika Resources has reinforced the relationship is important to both companies: "The interests of Sika Resources and Kilimanjaro Capital are aligned. Both companies want this partnership to prosper. This is a joint effort by two companies ready to go to work to reach their goals."

Tanzania is considered by many as Africa's most stable country featuring a progressive, western-oriented political system and investor friendly business climate. It is Africa's third largest gold producer, yet many highly prospective regions remain under-explored.

More information on Sika's assets can be found at www.sikaresources.com

FORWARD-LOOKING INFORMATION

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "will" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Corporation. The forward-looking information contained in this release is made as of the date hereof and the Corporation is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

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