Vatu Aurum Gold Project Exploration Update

Vancouver, British Columbia, Canada – April 11, 2023 – Kalo Gold Corp. (“Kalo,” “Kalo Gold” or the “Company”) is pleased to provide an update on the exploration program at its flagship Vatu Aurum Gold Project (the “Project”) located in the Republic of Fiji.

Geophysical Program

The controlled-source audio-frequency magnetotellurics (CSAMT) geophysical survey commenced on April 6, 2023, conducted by Fender Geophysics Pty Ltd from Australia. The survey covers approximately 12.5 square kilometers (km²), including the Qiriyaga Hill Prospect, which hosts the Qiriyaga Hill and Vuinubu Ridge Gold Deposits—both known for high-grade epithermal gold mineralization.

The CSAMT survey and interpretation are expected to take 1.5 months to complete. Once finalized, further details on the diamond drilling program at Qiriyaga Hill will be reported.

Diamond Drilling Program

On April 7, 2023, work began to improve a 2.5 km long historical access road to allow drill rig access to the Mouta Prospect.

Located 9 km northwest of Qiriyaga Hill on the flank of the Mouta Caldera, the Mouta Prospect features a 330-meter-long NE-trending soil anomaly with coinciding gold (Au), silver (Ag), arsenic (As), antimony (Sb), mercury (Hg), copper (Cu), lead (Pb), and zinc (Zn) geochemical signatures.

Kalo confirmed gold-silver-copper mineralization at Mouta, including:

• 6.2 g/t Au, 645 g/t Ag, and 3.12% Cu (rock chip outcrop sample)

• 3.06 g/t Au, 819 g/t Ag, and 1.63% Cu (stockpile grab sample)

Geological, Geochemical, and Alteration Modeling

Since mid-February 2023, Kalo’s geological team has been compiling over 40 years of exploration data to refine the company’s exploration and drilling strategy.

This includes:

• Relogging sections of 11,423 meters (m) of drill core

• Reviewing results from 15,155 m of trenching and 8,270 soil samples

• Analyzing airborne and ground geophysical surveys

• Incorporating hyperspectral alteration and petrographic data

This work is guiding new geological, geochemical, and alteration models for the Qiriyaga Hill Prospect, identifying key exploration vectors to expand drilling laterally and at depth.

Bulk Leach Extractable Gold (BLEG) and Stream Sediment Sampling

A BLEG sampling program focused on regional targets outside Qiriyaga Hill and Mouta has been completed, with 17 samples sent to ALS Perth in Australia for analysis.

Additionally, a regional-scale stream sediment sampling program was conducted, with 52 samples sent to ALS Brisbane for analysis. Results are pending.

About Kalo Gold Corp.

Kalo Gold Corp. is a gold exploration company focused on low sulphidation epithermal gold deposits at the Vatu Aurum Gold Project on Vanua Levu (North Island), Republic of Fiji.

Kalo holds a 100% interest in two Special Prospecting Licenses covering 367 km², including at least seven volcanic arc-related calderas (1 km – 10 km in diameter).

This geological setting is analogous to:

• The Vatukoula Gold Mine, which has produced over 7 million ounces of gold since 1937

• Lion One Metals’ Tuvatu Alkaline Gold Project, a high-grade underground mining operation

Historical exploration has concentrated on Qiriyaga Hill and Vuinubu Ridge, identifying over fourteen priority epithermal gold targets.

Both Viti Levu (South Island) and Vanua Levu are part of the Pacific "Ring of Fire", home to major gold deposits including Porgera, Lihir, and Grasberg.

Qualified Person Statement

The technical disclosure in this news release has been approved by Terry L. Tucker, P.Geo, a Qualified Person as defined by NI 43-101 (Canadian Securities Administrators).

On behalf of the Board of Directors of Kalo Gold Corp.

Terry L. Tucker, P.Geo
President and Chief Executive Officer

Kevin Ma, CPA, CA
Executive Vice President, Capital Markets and Director

For more information, contact: info@kalogoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the Exchange’s policies) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements Disclaimer

This news release contains forward-looking statements, including:

• The Company’s drilling timeline and exploration expansion

• The Company’s future exploration plans at the Vatu Aurum Gold Project

Forward-looking statements involve risks and uncertainties, and actual results may differ materially due to factors such as:

• The quality and quantity of mineral deposits

• The Company’s ability to secure necessary permits and authorizations

• The Company’s ability to raise the required capital

Investors are cautioned not to place undue reliance on forward-looking statements. While reasonable at the time of preparation, actual results may differ materially.

The Company will only update forward-looking statements as required by Canadian securities law.