Mr. Terry Tucker reports

KALO GOLD ANNOUNCES C$2 MILLION NON-BROKERED PRIVATE PLACEMENT

Kalo Gold Corp. has arranged a non-brokered private placement of up to 40 million units at a price of five cents per unit for gross proceeds of up to $2-million. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to acquire an additional share at an exercise price of eight cents per share for a period of 24 months from the date of issuance. In addition, the expiry date of the warrants is subject to acceleration if the volume-weighted average trading price of the shares on the TSX Venture Exchange (or such other stock exchange where the shares are then listed or quoted) is greater than 15 cents for a period of 20 consecutive trading days, in which case the expiry date of the warrants may be accelerated to a date that is 30 days following the date the company provides notice to the warrantholders, by way of a news release, that the expiry date has been accelerated.

The offering is subject to TSX-V approval. The units and the underlying shares and warrants (including the shares issuable upon exercise of the warrants) will be subject to a four-month hold period in accordance with applicable securities laws.

The company may pay a finder's fee on the offering within the maximum amount permitted by the policies of the TSX-V. In addition, the company has appointed 3L Capital Inc. as financial adviser to the transaction. The company will pay a finder's fee of 7 per cent in cash and 7 per cent in finder warrants.

The company intends to use the net proceeds of the offering as follows.

A. An up-to-9,000-metre diamond drilling program on the company's 100-per-cent-owned, 367-square-kilometre Vatu Aurum project located in the Republic of Fiji:

• Initial focus -- Namalau trend: Drilling, expected to commence in April, 2025, will initially focus on eight high-priority upwelling zones along the Namalau trend.
• Advancing other targets: As new information emerges from concurrent trenching and geological work, the campaign will expand to test additional epithermal upwelling zones in the Loma and Buca trends.
• Qiriyaga complex drilling: The company is also planning further drilling at the Qiriyaga complex, targeting high-grade diatreme and surge deposits that have emerged as priority zones.
• Fully preserved, untested system: The company's geological modelling suggests that Vatu Aurum hosts a vertically intact epithermal system -- largely untested by drilling -- offering an exceptional discovery opportunity.

B. General working capital.

C. Marketing purposes.

About Kalo Gold Corp.

Kalo Gold is a gold exploration company, focused on epithermal gold deposits on the company's Vatu Aurum project, located on Vanua Levu (North Island). Kalo holds 100 per cent of two special prospecting licences covering 367 square kilometres, encompassing a regional back-arc basin with volcanic calderas. Historical and continuing exploration has identified numerous priority epithermal gold targets.

We seek Safe Harbor.