Kilo Common Shares to Commence Trading on 1 for 10 Consolidated Basis/Private Placement Update

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THE UNITED STATES


Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K)
has been advised by the TSX Venture Exchange that its common shares will
commence trading on a 1 for 10 consolidated basis at the opening of trading on
Monday, March 31, 2014 under the new CUSIP number 49427Y503. There will be no
change in Kilo's trading symbol. The consolidation was approved by shareholders
at the Company's annual and special meeting held on March 6, 2014.


Letters of transmittal will be mailed to registered Kilo common shareholders on
March 28, 2014 requesting them to deposit their share certificates representing
pre-consolidated Kilo common shares with Kilo's transfer agent, TMX Equity
Transfer Services, in exchange for share certificates representing the
consolidated common shares. No fractional common shares will be issued in
connection with the consolidation and any fractional entitlements will be
rounded up or down to the next highest or lowest whole number of shares.


As a result of anti-dilution adjustments applicable to the listed warrants of
Kilo (TSX VENTURE:KGL.WT) in connection with the consolidation, ten warrants
will now be required to acquire one post-consolidated common share at a price of
$1.50 per share. The warrants expire on March 20, 2016.


Following the announcement of a proposed private placement offering of equity
units on March 25, 2014, Kilo has received a strong positive response and
expressions of interests for the entire maximum offering of $6.0 million of
units. Closing is expected to occur on or about May 2, 2014 following the
special meeting of shareholders that has been called for May 1, 2014 to obtain
the required shareholder approvals for the placement. The private placement
remains subject to the approval of the TSX Venture Exchange.


About Kilo

Kilo Goldmines Ltd. is a Canadian gold exploration company, listed on the TSX
Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the
symbol '02K'. Kilo holds exploitation and exploration licences covering some
2700 km2 of favourable Archaen Kabalian Greenstones (the Ngayu belt) in the
northeast Democratic Republic of Congo.


Incorporated within these licences is:

- The Somituri Project (71.25% owned by Kilo), comprising eight non-contiguous
licences (606 km2) held by KGL-Somituri SARL; and


- The KGL Isiro SARL Joint Venture (JV) with Randgold Resources Ltd. (Randgold)
(2056 km2), for gold and associated minerals only. The JV is managed by Randgold
and financed by it to a pre-feasibility (PFS) for a 51% participation interest.
Upon completion of the PFS, Kilo can participate in funding or Randgold will
increase its participation to 65% by completing a Feasibility Study. Areas which
may be deemed of no interest to Randgold will be returned to Kilo.


Additionally:

- Kilo has retained the rights to explore for and develop any iron ore or other
minerals associated with the licences held by KGL Isiro SARL. These licences
were previously in a JV with Rio Tinto who has since withdrawn.


- Kilo has a minority interest in the Hajigak iron ore project in Afghanistan.

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, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kilo Goldmines Ltd.
Philip Gibbs
Chief Financial Officer
[phone]
[e-mail]
www.kilogoldmines.com