KALO GOLD Announces Approval of New Share Option Plan and Long Term Incentive Plan
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Kalo Gold Corp.
Suite 1430, 800 West Pender Street
Vancouver, BC, V6C 2V6
www.kalogoldcorp.com
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRE SERVICES
KALO GOLD ANNOUNCES APPROVAL OF NEW SHARE OPTION PLAN
AND LONG TERM INCENTIVE PLAN
VANCOUVER, BC, CANADA, March 10, 2023, KALO GOLD CORP. (TSX.V: KALO) (“Kalo,” “Kalo Gold,” or
the “ Company”), announces that it received shareholder approval at the Company’s annual general
meeting held on February 24, 2023 (the “ AGM”) of the Company’s new form 10% rolling share option
plan dated for reference January 16, 2023 (the “ New Option Plan”). The New Option Plan replaces the
Company’s 2019 Option Plan. One of the provisions to the Company’s New Option Plan allows option
holders to exercise options on a "Cashless Exercise" or "Net Exercise" basis, as now expressly permitted
by new TSX Venture Exchange Policy 4.4 - Security Based Compensation.
Shareholders also approved the Company’s Long Term Incentive Plan dated for reference October 14,
2022 (the “LTIP”). The LTIP is designed to align the interests of the employees and shareholders and to
retain and reward employees for dedicated and focused achievements of the Company’s strategy and
long-term objectives aligned with shareholders’ interests.
The TSX Venture Exchange approved the New Option Plan and the LTIP on March 7, 2023, full copies of
which are attached to the information circular prepared for the Company’s AGM filed on SEDAR on
February 3, 2023.
About Kalo Gold Corp.
Kalo Gold Corp, a gold exploration company, is focused on exploration for low sulphidation epithermal
gold deposits of the Vatu Aurum Gold Project on the island of Vanua Levu (North Island) in the Republic
of Fiji. Kalo holds a 100% interest in two Special Prospecting Licenses, covering 367 km 2. Historical
exploration work includes 11,423 m of diamond drilling, concentrated on the Qiriyaga Hill and Vuinubu
Ridge Gold Deposits and the identification of over fourteen priority epithermal gold exploration targets.
Both Viti Levu, (South Island), and Vanua Levu are on the prolific Pacific “Ring of Fire”, a trend that has
produced numerous large deposits, including Porgera, Lihir and Grasberg and on Viti Levu, the
exceptional Vatukoula Gold Mine. The island of Viti Levu also hosts Namosi, with a published Proven and
Probable Reserves of 1.3 billion tonnes
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at 0.37% Cu and 0.12 g/t Au (5.2M ounces Au and 4.9M tonnes Cu). Lion One Metals is developing its
Tuvatu Project, with Indicated Resources of 1.00 million tonnes at 8.48 g/t Au (274,600 ounces Au), and
Inferred Resources of 1.33 million tonnes at 9.0 g/t Au (384,000 ounces Au) reported at a 3.0 g/t Au
lower cut-off. The Vatukoula Gold Mine has produced in excess of 7 million ounces since 1937.
On behalf of the Board of Directors of Kalo Gold Corp.
Terry L. Tucker, P.Geo
President and Chief Executive
Officer and
Kevin Ma, CPA, CA
Executive Vice President, Capital Markets, and Director
For more information contact, please write to [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.