KALO GOLD Announces Dsu Grant
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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 DSU GRANT
VANCOUVER, BRITISH COLUMBIA, CANADA: 26 March 2024, KALO GOLD CORP. (“Kalo”, “Kalo Gold” or the “Company”)
is pleased to announce that, pursuant to the Company’s Long Term Incentive Plan, the Company announces it has issued an
aggregate of 5,000,000 Deferred Share Units (DSUs) to certain officers, directors, and advisors of the Company. The DSUs
will vest on March 18, 2025. Each DSU represents the right to receive on e common share in the share capital of the
Company.
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 km2 that hosts a minimum of seven volcanic arc related calderas ranging between
1 km to 10 km in diameter. Historical exploration work concen trated on the Qiriyaga Hill and Vuinubu Ridge Gold Deposits
and resulted in 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 Vatukoula
Gold Mine has produced more than 7 million ounces of gold since 1937. The island of Viti Levu also hosts the fully permitted
Tuvatu Alkaline Gold Project, where Lion One Metals is fast tracking a high-grade underground gold mining operation.
Tuvatu is now operating and targeting production expansion and additional growth through exploration.
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, 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.
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 relati ng to the Company’s proposed drilling timeline and the proposed
expansion of the exploration program, 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 lo cated, the Company’s inability to obtain any necessary perm its, consents or authorizations
required for its activities, the Company’s i nability to raise the necessary capital to be fully able to im plement 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.
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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.