KALO GOLD Announces Changes to the Board of Directors
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Kalo Gold Corp.
Suite 1507, 1030 West Georgia Street
Vancouver, British Columbia
V6E 2Y3, Canada
www.kalogoldcorp.com
(TSX.V: KALO)
KALO GOLD ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS
VANCOUVER, BRITISH COLUMBIA, CANADA: SEPTEMBER 18, 2024, KALO GOLD CORP. (“Kalo”, “Kalo Gold ” or the
“Company”) is pleased to announce the appointments of two new directors, Mr. Dickson Lam, Chief Executive Officer of
Ascentas Capital Management Limited (“Ascentas”) and Anlly Asset Management Limited and Mr. Terry L. Tucker, P.Geo,
who has been President and Chief Executive Officer of the Company since April 2022. In addition, the Company announces
the appointment of David Whittle, CPA, CA to Chairman of th e Board. Mr. Whittle is currently the Chairman of the Audit
Committee.
Mr. Lam is the Founder and CEO of Anlly Asset Management Limited and Ascentas and currently holds a significant 18.9%
investment in Kalo Gold via Ascentas. Ascentas is a Hong Kong based investment company that focuses on venture
investments. Mr. Lam received his Bachelor of Commerce (Honours) Degree at the University of Manitoba and has been
actively involved in Investment Banking for over 20 years primarily in Hong Kong, Singapore, Australia, Taiwan and China.
Mr. Tucker, P.Geo. has been instrumental in developing and advancing the company’s geological model and exploration
strategy of the Vatu Aurum Project, Republic of Fiji.
Mr. Fred Tejada has resigned as a member of the Board of Directors. Mr. Tejada is a founding director of the Company and
was instrumental in connecting the Vatu Aurum Project to the capital markets in 2020. Mr. Tejada continues as an advisor
and consultant to Kalo Gold and the Company thanks Mr. Tejada for the continued geological and technical support.
ABOUT KALO GOLD CORP.
Kalo Gold Corp, a gold exploration company, is focused on exploration for low sulphidation epithermal gold deposits on the
Vatu Aurum Project located 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 km2 that hosts a regional scale back arc basin, the Nubu Graben, and several
volcanic arc related calderas. Historical exploration work concentrated on the Qiriyaga Hill and Vuinubu Ridge Gold Deposits
and resulted in the identification of numerous 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, Grasberg, Martha Mine in New Zealand and on Viti Levu (South Island), the
exceptional Vatukoula Gold Mine. The Vatukoula Gold Mine ha s produced more than 7 million ounces of gold since 1937
and continues operations today. The island of Viti Levu also hosts the fully permitted Tuvatu Alkaline Gold Project, where a
high-grade underground gold mining operation has been fast tracked to production.
On behalf of the Board of Directors of Kalo Gold Corp.
Terry L. Tucker, P.Geo
President and Chief Executive Officer and Director
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.
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Forward Looking Statements Disclaimer
Certain statements in this release are forward-looking stat ements, which are statements that are not purely historical,
including any statements regarding beliefs, plans, expectat ions or intentions regarding the future. Forward looking
statements in this news release include statements relating to the Company’s intention with the use of proceeds and the
Company’s plans for future exploration on the Vatu Aurum Gold Project. Forward-looking statements are often identified by
terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements included in this news
release, other than statements of historical fact, are forward-looking statements that involve risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual results, and future events could differ
materially from those anticipated in such statements. Important factors that could cause actual results to differ materially
from the Company’s expectations include quality and quantity of any mineral deposits that may be located, the Company’s
inability to obtain any necessary permits, consents or authorizat ions required for its activiti es, the Company’s inability to
raise the necessary capital to be fully able to implement its business strategies, and other risks and uncertainties disclosed
in the Company’s filing statement dated February 9, 2021 and latest interim Management Discussion and Analysis filed with
certain securities commissions in Canada.
The reader is cautioned that assumptions used in the preparation of any forward-looking statements herein may prove to be
incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The
reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered
reasonable by management at the time of preparation, may prov e to be incorrect, and actual results may differ materially
from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary
statement. The forward-looking statements contained in this news release are made as of the date of this news release and
the Company will update or revise publicly any of the included forward-looking statements as expressly required by Canadian
securities law.