Khalkos Exploration Inc.

TSX VENTURE : KAS


Khalkos Exploration Inc.

April 18, 2013 12:11 ET

Khalkos Exploration Inc.: Important Change in Management and Board of Directors

MONTREAL, QUEBEC--(Marketwired - April 18, 2013) - Management of KHALKOS EXPLORATION INC. ("Khalkos") (TSX VENTURE:KAS) announces the appointment of Mr. Robert Gagnon by the Board of Directors as CEO and Director of Khalkos. His appointment, subject to the approval of the regulatory authorities, follows the resignation of Mr. Dominique Doucet as CEO of the Company. Mr. Doucet remains a Director of the Company and will hereby hold the position of Chairman of the Board.

Mr. Doucet, Chairman of the Board, declared, "We are proud to welcome Mr. Gagnon as President and CEO of Khalkos. His appointment will bring an exceptional dynamism to the Company. We are convinced that he will help move the Company forward thanks to his entrepreneurial skills and professional qualities."

Mr. Gagnon is a geological technician (Collège de la Région de l'Amiante, 1995) and a geologist (Université du Québec à Chicoutimi, Bachelor's of Geology, 1999). Mr. Gagnon is currently completing the graduate micro-program in applied management in the mineral industry at the Université du Québec en Abitibi-Témiscamingue. Mr. Gagnon is a member of the l'Ordre des Géologues du Québec, member of the Board of Directors of the Quebec Mineral Exploration Association, and is also President of the Association des Prospecteurs du Nord du Québec since 2011. He is an independent Director of Bonterra Resources inc. (TSX VENTURE:BTR) since 2012 and founder and President of ExploLab inc. During his career, Mr. Gagnon took part in many financing campaigns for junior exploration companies. Mr. Gagnon has a network of numerous business contacts in the finance community of the mining industry. He is also the main individual shareholder of the Company.

The Board of Directors of Khalkos is now composed of five Directors three of which are independent: Mr. Gilles Dupuis, Mr. Jean-Paul Lacasse and Mr. Nicolas Cantin, in addition to Mr. Gagnon and Mr. Doucet.

GRANT OF INCENTIVE STOCK OPTIONS

The Board of Directors of Khalkos has granted today 200,000 stock options under its Stock Option Incentive Plan to its new CEO Mr. Gagnon at an exercise price of $0.10 per share. The options expire five (5) years from the date of grant.

Neither the 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.

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