Press Release
July 25, 2011 8:30 ET
Kilo Announces Appointment of New CEO
TORONTO, ONTARIO--(Marketwire - July 25, 2011) - Kilo Goldmines Ltd. (TSX VENTURE:KGL)(FRANKFURT:02K)("Kilo" or the "Company") is pleased to announce it has hired Alex van Hoeken to serve as President and Chief Executive Officer (CEO) of Kilo effective September 1, 2011.
Mr. van Hoeken will replace Peter Hooper who is currently serving as Interim CEO. This appointment is subject to regulatory approval. Mr Hooper will remain as an advisor to the Company for a six month period and will not be standing for re-election at the Annual General Meeting of the Company to be held on September 1, 2011.
Mr. van Hoeken is a Dutch citizen and obtained a B.Sc. in Mining Engineering from the Colorado School of Mines in 1991. His early career included positions in the maritime construction industry in Nigeria, Malaysia, Qatar, and several European countries, after which he was involved in the establishment of gold and copper exploration and mining ventures in Indonesia, Mexico, and Oman.
He has been active in the mining industry in various management and consulting positions in the Democratic Republic of Congo (DRC) in the gold, diamond, and copper sectors since 1999 and has extensive experience with remote operations. Mr. van Hoeken has been a director and managing director of several private companies and subsidiaries of listed companies since 1996. He is fluent in French, and is a Fellow of the UK Institute of Materials, Minerals, and Mining as well as a UK Chartered Engineer, and a Professional Member of the US Society of Mining Engineers.
Mr van Hoeken is currently spending a lot of his time in the DRC.
Mr. David Netherway, the Chairman of Kilo commented: "We are extremely pleased to welcome Alex as CEO. He brings with him a wealth of experience of working in the DRC and his mining and corporate background will be invaluable to taking Kilo forward."
About Kilo
Kilo Goldmines Ltd. is a Canadian gold exploration company operating in the Democratic Republic of Congo (DRC). The Company has over 7,000 sq.km of favourable Archaean Kabalian greenstone in the Kilo-Moto area in north-eastern DRC. Kilo recently announced an inferred resource on the Adumbi Deposit of the Somituri Project of which the Company owns a 71.25% interest in the DRC entity that holds the Somituri Project Exploitation Permits.
The Company is also working on a number of other prospective areas which contain historical workings in the same region. It also has a joint venture with Rio Tinto Ltd. on potential iron ore licences in north-eastern DRC.
This news release may contain forward looking statements concerning future operations of Kilo Goldmines Ltd. All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company'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 more information, please contact:
Kilo Goldmines Ltd.David Netherway
Non-executive Chairman
+44 7764 189695
[email protected]
Kilo Goldmines Ltd.
Philip Gibbs
Chief Financial Officer
905-467-9126
[email protected]
www.kilogoldmines.com
