Kilo Goldmines Announces Corporate Update

Kilo Goldmines Announces Corporate Update
  
 

TORONTO, ONTARIO--(Marketwired - Jun 2, 2014) - Kilo Goldmines Ltd. ("Kilo" or the "Corporation") (TSX-VENTURE:KGL)(FRANKFURT:02K), a gold exploration company whose principal assets are located in the Democratic Republic of the Congo, announces that it has retained Questrade Inc. ("Questrade") to provide market-making services in accordance with TSX Venture Exchange guidelines. The term of the agreement is twelve months, beginning June 2, 2014, at a cost of $4,500 per month. The appointment of Questrade is subject to approval of the TSX Venture Exchange. Either party may terminate the agreement with 30 days written notice. Though Kilo and Questrade are unrelated and unaffiliated entities and Questrade will not receive shares or options as compensation, Questrade and its clients have or may have a direct interest in the securities of the Corporation.

About Questrade

Questrade Inc. provides Canadians with high-speed, direct-access trading in the U.S. and Canadian stock and options markets through its IQ trading platforms. Questrade offers market-making services on behalf of TSX and TSX Venture Exchange listed companies providing liquidity on the stock exchange for shareholders.

For further information, please contact:

Eitan Spiro

Tel: [phone]

Email: [e-mail]

Website: www.questrade.com

ABOUT KILO

Kilo Goldmines Ltd. is a Canadian gold exploration company that is listed on the TSX Venture Exchange under the symbol 'KGL' and on the Frankfurt Exchange under the symbol '02K'. The Company holds about 3,000 square kilometres of favourable Archaean Kibalian greenstone in the Kilo-Moto area in the Democratic Republic of the Congo. Kilo's principal focus is to advance its projects from exploration through feasibility to project development and ultimately to full production in a socially and environmentally responsible manner. The Corporation owns a 71.25% interest in the DRC entity that holds the Somituri Project Exploitation Permits.

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.

Kilo Goldmines Ltd.Alex van HoekenChief Executive Officer (CEO) & President+1 416 360 [e-mail]