Press Release

Mar 02, 2010 17:37 ET

Kilo Goldmines Announces Appointment of CFO

TORONTO, ONTARIO--(Marketwire - March 2, 2010) - Kilo Goldmines Ltd. ("Kilo" or the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) is pleased to announce the appointment of Mr. Philip Gibbs as the Chief Financial Officer of the Company. The appointment is subject to regulatory approval.

Mr. Gibbs is a Chartered Management Accountant and has extensive financial management experience in large corporate environments in the manufacturing and retail sectors, both in North America and in Africa. His multi-disciplinary exposure includes areas of Market Research, Logistics and IT Systems implementations, providing a broad base of business acumen suited to growing businesses. He currently acts in a part-time capacity as the CFO of companies in the mining industry and consults in the field of project financing.

Mr. Gibbs replaces Mr. Paul Andersen who has served as the Chief Financial Officer of the Company since September 2008. Kilo would like to thank Mr. Andersen for his contribution to the Company during this formative period.

About Kilo Goldmines Ltd.

Kilo is a Canadian-based exploration company focusing on gold exploration in North Kivu and Oriental Provinces of the DRC. The Company is determined to add shareholder value through exploration success. Kilo supports local social programs and operates in a manner that respects the environment.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact:

Kilo Goldmines Ltd.
Peter Hooper
(416) 360-3415
[email protected]

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