Mr. Alex van Hoeken reports

KILO GOLDMINES LTD.: EXPLORATION ACTIVITIES UPDATE

Kilo Goldmines Ltd. has provided an update on its exploration activities.

Since closing the recent $6-million financing on May 2, 2014, the company has recruited several geologists to reinforce its exploration efforts. The four senior members of this exploration team have over 100 years combined experience, and have worked on exploration projects in western, central, and eastern Africa that have yielded resources of over 35 million ounces gold.

The enhanced team has focused its efforts on reviewing the entire existing database, as well as relogging all the existing drill core. The ultimate aim is to generate integrated geological models for the three main prospects, utilizing lithological, structural, alteration and mineralization data. The revised models will be used for planning infill and extension drilling programs, as well as elevating the confidence of mineral resources from the current inferred category to the indicated category.

The review of the Adumbi data has been completed and geological modelling is in progress. The team is now assessing all data and core for the Manzako and Kitenge prospects, and the program is expected to be complete by the end of August, 2014.

The joint venture between Kilo Goldmines and Randgold Resources Ltd. is proceeding as scheduled. Infill soil sampling, pitting and trenching are being undertaken on the various anomalies identified in the Ngayu block of licences, while first-pass sampling on the Isiro block of licences is still in progress. Randgold is hiring some of the company's equipment and utilizing some of its employees.

Alex van Hoeken, president and chief executive officer of Kilo Goldmines, stated: "We are pleased with the progress of the review and are confident that its conclusion will improve the modelling of the project. The company remains focused on increasing asset and shareholder value by continuing to execute work programs with these aims."

Qualified person

The data review disclosed in this press release was supervised by Dr. Howard Fall, BSc, PhD, MAusIMM CP (geo), who 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.

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