KILO Goldmines Ltd.

KILO Goldmines Ltd.

February 01, 2012 21:19 ET

Kilo Announces Change to Board of Directors

TORONTO, ONTARIO--(Marketwire - Feb. 1, 2012) - Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K) ("Kilo" or the "Company") announced today that Jacques Bouchard has resigned as a Director of the Company.

David Netherway, the Chairman, commented "We would like to thank Mr. Bouchard for his valuable contribution to the Company as he has been involved with Kilo since before its listing on the TSX-V".

The board is considering a replacement for the vacancy created by the resignation.

Upcoming Events

Kilo is attending the Mining Indaba Conference 2012 in Cape Town, South Africa from February 6 to 9 (booth #101) and the PDAC 2012 Conference in Toronto, Canada from March 4 to 7 (booth #2833). Kilo's management team will be available to meet with investors at both events.

About Kilo

Kilo Goldmines Ltd. is a Canadian gold exploration company operating in the Democratic Republic of Congo (DRC). The Company has over 7000 square km of favourable Archaean Kabalian greenstone in the Kilo-Moto area in north-eastern DRC. Kilo has announced an inferred resource on the Adumbi Deposit of the Somituri Project of which the Company owns a 71.25% interest.

The Company is also working on a number of other prospective areas which contain historical workings in the same region. It also has a joint venture with Rio Tinto Ltd. on potential iron ore licences in north-eastern DRC.

This news release may contain forward looking statements concerning future operations of Kilo Goldmines Ltd. All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company'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.

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