Kilo Goldmines Ltd.
TSX VENTURE : KGL
FRANKFURT : 02K

Kilo Goldmines Ltd.

January 13, 2011 08:39 ET

Kilo Drilling on the Manzako Prospect Intersects 5.00 Metres Grading 9.92 g/t Gold Somituri Project, DRC

TORONTO, ONTARIO--(Marketwire - Jan. 13, 2011) - Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased to announce results for diamond drill hole SMDD0003 on the Company's Manzako Prospect of the Somituri Project in north-eastern Democratic Republic of Congo ("DRC"). 

Somituri - Manzako Prospect

Diamond drill hole SMDD0003 was collared 400 metres southeast of the previously reported drill hole SMDD0002 (see October 27, 2010 press release). Drill hole SMDD0003 intersected tuffaceous metasediments from 0 to 171 metres followed by mafic ash tuff to 222.6 metres and then tuffaceous metasediments to the termination of the hole at 361.80 metres. In addition, quartz veins are locally present throughout. Gold is associated with pyrite hosted within and in close proximity to quartz veins, in the tuffaceous metasediments as well as in the mafic ash tuffs. The gold intersections obtained in drill hole SMDD0003 are listed below and illustrated on Figure 1. 

Diamond Drill Hole: SMDD0003  Azimuth: 040 degrees  Length: 361.80 metres     
 
  From (m) To (m) Interval (m) Gold g/t
         
  147.50 149.90 2.40 2.63
  183.80 184.70 0.90 2.10
  217.80 219.00 1.20 5.49
  236.80 243.30 6.50 7.76
includes 236.80 241.80 5.00 9.92
and 236.80 239.00 2.20 21.40
  249.70 251.10 1.40 0.47
  282.60 284.20 1.60 5.83

Peter Hooper, Executive Chairman of Kilo, commenting on the results for drill hole SMDD0003, stated: "The multiple gold intersections and in particular the high-grade gold intersections obtained in drill holes SMDD0003 and SMDD0002 collared 400 metres apart is very encouraging and these results indicate that definition drilling of the Manzako Prospect will enhance the Somituri Project."

Diamond drill hole SMDD0002 was collared on a magnetic azimuth of 040 degrees at an inclination of -50 degrees and completed to a depth of 361.80 metres. The true width of the gold bearing intersections is estimated at approximately 75 percent of the width of the drill hole intersections. 

The Manzako gold mineralization is hosted within quartz veins as well as within silicified and sheared tuffaceous metasediments and mafic tuffs. The Manzako Prospect geological setting differs from the Adumbi Prospect which is hosted within quartz veins and chemical metasedimentary rocks consisting predominantly of chert, chert banded with magnetite or haematite, or banded iron formation ("BIF") as previously reported (see July 11, 2010 press release). The names of the lithological units are based on field interpretations unverified with petrographic studies.

Three diamond drill-holes totaling 1,015.50 metres tested an approximate 1,300 metre strike length of the 2,500 metre Manzako Prospect gold bearing structure. According to historical records, unverified by the Company, the Manzako mine operated during the late 1940's to mid 1950's. The records imply that the Manzako ore was processed with ore from other sources, hence the actual gold production is uncertain, but it appears to be in the order of 40,000 ounces. 

About the Somituri Project

Three holes have been completed on the former Manzako gold mine and five drill holes have been completed on the past producing Kitenge gold mine. According to historical records, unverified by the Company, the Kitenge and Manzako mines produced about 100,000 ounces of gold prior to about 1942. 

Records from the colonial era, unverified by the Company, indicate that during the 1940s until its closure in 1958 the Adumbi gold mine produced about 200,000 ounces of gold from quartz vein ore that averaged 11 g/t gold. A total of thirty one holes, including six abandoned holes, have been completed on the Adumbi prospect.

QC and Analytical Procedures

Quality control of analytical results is monitored by the company with the insertion of commercial standards and blanks in every batch of samples submitted for analysis. For additional details the reader is referred to Kilo's previously announced (see May 4, 2010 press release) quality control and analytical procedures.

About Kilo

Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company has over 16,000 square kilometres of favourable Archaean Kabalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo. Kilo's principal focus is to advance its projects from exploration through feasibility to project development and ultimately to full production in a socially and environmentally responsible manner. The Company owns a 71.25% interest in the DRC entity that holds the Somituri Project Exploitation Permits.

Qualified Person

The drilling program disclosed in this press release was planned and supervised by the Company's geological consultant Stanley Robinson. Stanley Robinson, M.Sc., P.Geo is also the 'qualified person' (as that term is defined under National Instrument 43-101) of the Company who has reviewed the scientific and technical information contained in this release.

Figure 1, a simplified vertical section of Diamond Drill Hole SMDD0003 can be viewed at: http://www.kilogold.net/pr13jan2011.

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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