Additional Targets Delineated on the Kilo - Randgold Joint Venture Project, DRC

Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL) (FRANKFURT:02K)
is pleased to announce that Randgold Resources Limited ("RRL") has provided the
following update on the 2 057 km2 Kilo - Randgold joint venture ("JV") on the
Ngayu and Isiro Archaean Greenstone Belts in Oriental Province, Democratic
Republic of the Congo ("DRC").


Highlights



--  Regional soil sampling and geological mapping over the priority areas of
    the Isiro
    Belt is complete. All results have been received and 5 identified
    targets are highlighted. 
--  Infill soil sampling over the Yambenda target (Ngayu Belt) is complete
    and results confirm the 9.5 km x 200 m wide 50 ppb Au anomaly spatially
    associated with a ridge of banded iron formation. 
--  Trenching at Yambenda has commenced. 
--  Infill soil sampling at Mbese and Zimamoto (Ngayu Belt) has commenced in
    order to follow up on the Au-As association from the regional soil
    program. 



Alex van Hoeken, President and CEO of Kilo, today stated:

"Our partner Randgold continues to methodically advance the exploration of the
joint venture area, and it is very encouraging that, in addition to the
previously identified targets in the Ngayu belt, the Isiro belt has also yielded
areas of potential discovery thus enhancing the prospectivity of the entire
joint venture area."


ISIRO BELT TARGETS

Regional soil sampling over the priority conceptual targets of the Isiro belt is
complete, covering a total of 400 km2 (Figure 1). The soil samples (4841 in
total) were taken from a 400 m x 200 m grid at +/- 50 cm depth below the humus
horizon. The samples were sun dried and sieved (-80#) at Isiro Camp before being
sent to the SGS laboratory in Doko (Kibali) or Mwanza (in Tanzania). The samples
were analysed by fire assay. Additional information including topography, grain
size, colour, old/artisanal workings, farms, villages, roads, outcrop and
regolith were recorded during sampling. In addition, 76 rock samples were taken
with results from the SGS laboratory pending.


All soil sample results have been received, highlighting five identified targets
described below in order of priority. Regional form line analysis, constructed
at 1:25000 scale (Figure 1b), was completed to assess whether any of the
anomalous areas coincide with structural discontinuities.


Logistical issues have thus far limited the amount of data gathered at the
extreme east of the Isiro Belt.


Bodjo Target

Gold in soil results reveal a 4 km x 500 m WNW trending anomaly at 30 ppb
including 1 km x 150m @ 100 ppb. A second anomaly to the east measures 2.2 km x
400 m @ 30 ppb. The anomalies overlie insitu material associated with a WNW
trending topographic high transected by southerly flowing rivers. Several
artisanal workers are panning the rivers for gold. A large laterite plateau lies
to the north of the anomaly.


Mangabi Target

Gold in soil results reveal a 7.5 km x 500 m WNW trending anomaly at 30 ppb
including a 1.5 km x 500 m 70 ppb anomaly. The anomaly is cut by southerly
flowing drainages in the east, and north flowing rivers in the west. Although
the western limit of this anomaly is suspected to be proximally transported, the
highest values (530 ppb) within the anomaly overly a small hill. Numerous
artisanal workers are panning for gold along the rivers.


Bamungo Target

Gold in soil results reveal a 4 km x 400 m WNW to NW trending 30 ppb anomaly
including a 400 m x 400 m central zone with values greater than 100 ppb. The
soil anomaly lies between two prominent hills and may represent proximally
transported material.


Adjolia Target

Gold in soil results reveal a 3.8 km x 1.5 km apparent NS trending 30 ppb
anomaly that crosscuts the stratigraphy and is possibly transported. Within the
southern half of the 30 ppb anomaly a WNW trending zone with higher values of 80
- 130 ppb parallels a major thrust. This high-grade region is thought to be the
source of the anomaly, as well as the center of the apparent NS trend.


Pande Target

Gold in soil results reveal that the Pande target is essentially two sub
parallel NW trending


30 ppb anomalies. The anomalies crosscut the regional stratigraphy and do not
appear to be related to the thrust package, as seen at the Adjolia target. The
western anomaly measures 2.8 km x 400 m and is associated with a WNW trending
package of banded iron formation ("BIF") and fine grained metasediments
(siltstone), whilst the eastern anomaly of 4 km x 150 m traverses a major river
(Nava River) and appears to be transported.


NGAYU BELT TARGETS 

For details and reference of Figure 2 please refer to the press release of 3
February 2014.


KILO - RRL JV GEOLOGY

The JV property is underlain by Archaean rocks of the Ngayu and Isiro
Greenstones Belts, as illustrated in Figures 1 and 3. The greenstone belts are
comprised of Upper Kibalian metasedimentary rocks, BIF, mafic volcanics, and
mafic to felsic intrusive rocks.


SOIL SAMPLING PROCEDURES

The regional soil samples were collected at a depth of approximately 50 cm,
below the humus horizon, at 200 m intervals on lines 400 m apart. Sample sites
were located by GPS and coordinates were recorded for each site. Approximately 2
kg of material present at the depth sampled was collected and placed into a
plastic bag together with a pre-numbered sample tag and the bag was securely
closed. Topographic, grain size, colour, old/artisanal workings, farms,
villages, roads, outcrop and regolith data was recorded during sampling.


Sampling was carried out by up to seven sampling teams, each led by a Congolese
geologist. Kilo provided logistical support as well as sampling teams comprised
of technical and casual labour that reported to Randgold senior geologists.


QUALITY CONTROL AND ANALYTICAL PROCEDURES

Sample preparation consisted of sorting the samples into sequential numerical
order, followed by drying (regional soil samples from the Ngayu Belt were dried
at 90 degrees C in the Adumbi kiln while the samples from Isiro were sundried),
and sieving to -80 mesh (80 microns) Randgold delivered the sample pulps to the
SGS Laboratory in Doko, DRC. Both SGS in Mwanza and Doko analyzed the samples
using a 50 g charge by Fire Assay with Atomic Adsorption; SGS method, FA505.


Analytical quality control consisted of the insertion of commercial blank and
standard reference material in every batch of samples submitted for analysis.


ABOUT THE KGL - RRL JV

The Kilo - RRL JV Project consisting of 12 Exploration Licenses, is held 75% by
Kilo and 25% by Suez Holdings Ltd., the property vendors. Kilo has an agreement
to buy out its 25% minority partner, Suez Holdings Ltd, which has a free carried
interest through production for non-iron commodities. Buy out terms are an
aggregate of 635 000 USD in cash and 356 000 shares over a 6 year period with
initial no cash down (see press release dated December 6, 2012).


Pursuant to the Kilo - RRL JV Option Agreement for gold and associated minerals
(see press release dated December 6, 2012) Randgold are required to finance all
exploration on Kilo's licenses for which they will obtain incremental ownership
based on milestone events. Randgold has up to five years to establish a pre
feasibility study and a joint venture committee will manage the exploration
program that will rely on knowledge and expertise from both companies.


The terms of the agreement are: 



--  RRL to earn 51% for the completion of a pre feasibility study ("PFS") 
--  KGL retains the right to maintain 49% post PFS 
--  RRL to earn 65% for the completion of a bankable feasibility study
    ("BFS") should KGL not contribute post PFS 
--  KGL option to convert to 1.5% royalty if diluted to 10% or less 
--  KGL maintains the exploration rights to all minerals not associated with
    gold 
--  PFS to be established within 5 years 
--  BFS to be established within 1 year after PFS, or such longer time to be
    agreed by the two parties 



The optioned licences have been transferred to a DRC entity that is held as to
51% by RRL and 49% by Kilo. However, RRL must satisfy the aforementioned
milestones prior to earning any interest.


ABOUT KILO

Kilo controls approximately 2,700 square kilometers of favourable Archaean
Kibalian greenstone in the northeastern Democratic Republic of the Congo. The
Company owns a 71.25% interest in the Somituri Project Exploitation Permits
within the Ngayu Greenstone Belt immediately south of the Kilo - RRL JV
property. The Imbo License, of the Somituri Project, hosts a number of
colonial-era and subsequent artisanal gold deposits and prospects as well as
un-tested geophysical and gold- in-soil anomalies.


An NI 43-101 compliant Inferred Mineral Resource at the Somituri Project,
concluded that the Imbo License contains an estimated total of 1.67 million
ounces of gold in three deposits. The Mineral Resource estimates, by Roscoe
Postle Associates Inc ("RPA"), are based on an open pit scenario for the Adumbi
deposit and an underground scenario at both the Kitenge and Manzako deposits
(see Press Release dated January 30, 2014). Adumbi is hosted by chemical
metasedimentatry rocks including BIF; Kitenge is hosted in clastic
metasedimentary rocks; and Manzako is hosted in mafic volcanic rocks.


Hosted on Kilo property, optioned to RRL, is a 192 areakm covering Mt. Asongo
with potential to host 750 to 1 500 million tonnes of 59% to 65% Fe as
determined by RPA (see press release dated September 4, 2013). Kilo holds an 89%
interest in the iron project and Suez retains an 11% interest. Rio Tinto Mining
and Exploration holds a 0.80% production royalty over eight years on the iron.


Kilo's principal focus is to advance its projects from exploration through
feasibility, project development, and ultimately to full production in a
socially and environmentally responsible manner.


ABOUT RANDGOLD

Randgold Resources is a gold mining and exploration company operating in the
prospective gold belts of west and central Africa. The company's strategy is to
create real value for all its stakeholders through the discovery of
multi-million ounce gold deposits and their development into profitable mines.
Major discoveries to date include the 7.5 million ounce Morila deposit in
southern Mali, the 7 million ounce Yalea deposit and the 5.5 million ounce
Gounkoto deposit, both in western Mali, the 4 million ounce Tongon deposit in
Cote d'Ivoire, and the 3 million ounce Massawa deposit in eastern Senegal.


Today Randgold operates five gold mines across Africa: Morila, Loulo, and
Gounkoto in Mali, Tongon in Cote d'Ivoire, and Kibali in the DRC. The Massawa
project in Senegal is at feasibility stage and exploration programmes are
underway in Cote d'Ivoire, DRC, Mali, and Senegal. 


QUALIFIED PERSON

The soil geochemical surveys disclosed in this press release were planned and
supervised by RRL, the project operator. Technical data and figures disclosed in
this press release were provided to Kilo by RRL. Paul Harbidge, BSc, MSc
Geology, of Randgold Resources is the 'qualified person' (as such term is
defined under National Instrument 43-101) and has reviewed the scientific and
technical information and contained in this release.


DISCLAIMER

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


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.


To view the figures associated with this release, please visit the following
link: http://file.ccnmatthews.com/release/959474_figs.pdf


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kilo Goldmines Ltd.
Alex van Hoeken
Chief Executive Officer (CEO) & President
[phone]
[e-mail]
www.kilogoldmines.com