Khalkos Exploration Inc.: Announcement of a $600,000 Financing

Management of KHALKOS EXPLORATION INC. ("Khalkos" or the "Corporation") (TSX
VENTURE:KAS) announces its intent to undertake a non-brokered private placement
with accredited investors. The placement consists of a maximum of 6,000,000
units and 6,000,000 flow-through units for gross proceeds totaling $600,000.
Each unit price is $0.05 and consists of one Common Share and one warrant. As
for the flow through unit, its price will also be $0.05 and consists of one flow
through share with half of a warrant. Each warrant will entitle its holder
thereof to subscribe for one Common Share at $0.10 per share for a period of 24
months after the closing date of the private placement.


The proceeds of this placement will be mainly used by Khalkos to develop the
Villebon property. A series of fieldwork such as stripping, bulk sampling
program, metallurgical tests, and the validation of the historical data will be
undertaken. The placement will also be used for general purposes of the company.
Please visit the Khalkos' web site for more information on the Villebon
property.


Khalkos can pay certain intermediaries a finder's fee in cash based on the
subscriptions introduced by those intermediaries, up to a maximum of 10 % of the
total amount of subscriptions. Directors, officers and employees may participate
in this placement.


There will be a hold period of four months and one day on all securities issued
under this financing. This private placement is subject to regulatory approval
and filings.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Robert Gagnon President
[e-mail]
[phone]


Peter Kong, B.B.A.
[e-mail]
[phone]
[phone] (FAX)
www.khalkos.com