Kilo Goldmines Announces Proposed Share Consolidation

Kilo Goldmines Ltd. ("Kilo" or the "Corporation") (TSX
VENTURE:KGL)(FRANKFURT:02K) announces that at its annual meeting to be held on
March 6, 2014, shareholders will be asked to approve a share consolidation
resolution. If approved by the shareholders, the Corporation's Board of
Directors will have the authority, at its sole discretion, to proceed with a
share consolidation on the basis of one (1) post-consolidation common share for
up to every ten (10) pre-consolidation common shares. Such authority would lapse
at the next annual meeting of the Kilo shareholders. The Corporation's
outstanding stock options and share purchase warrants would be adjusted on the
same basis, with proportionate adjustments to the exercise prices. 


The Board of Directors and Management of Kilo have concluded that it may be
necessary for the Corporation to consolidate its common shares in order to
increase the Corporation's flexibility with respect to potential business
transactions, including future financings. Shareholders' approval of this
resolution does not necessarily mean that a share consolidation will occur,
rather it will provide the Board of Directors the flexibility to implement a
share consolidation if determined by the Board to be in the best interest of the
Corporation and its shareholders.


There are currently 319,349,978 common shares issued and outstanding. The table
below indicates the approximate number of common shares that would be
outstanding if a share consolidation were to be effected today: 




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                                 Number of Outstanding Common Shares     
Proposed Consolidation Ratio             (Post Consolidation)            
--------------------------------------------------------------------
           1 to 10                            31,934,997                 
--------------------------------------------------------------------
           1 to 9                             35,483,330                 
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           1 to 8                             39,918,747                 
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           1 to 7                             45,621,425                 
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The Consolidation is subject to shareholders approval at the upcoming annual and
special meeting of shareholders and to the prior acceptance by the TSX Venture
Exchange. Should a Consolidation be implemented, the Corporation would at that
time issue a further news release confirming the consolidation ratio as well as
the effective date. Letters of Transmittal with appropriate instructions would
also be mailed to shareholders at such time.


Implementation of a share consolidation will not give rise to a change in the
Corporation's name.


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.



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