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KALO.V ·

KALO GOLD Appoints Paul Harbidge as Technical Advisor

Management Changes

Kalo Gold Holdings Corp.

Suite 1430, 800 West Pender Street

Vancouver, BC, V6C 2V6

www.kalogoldcorp.com

[email protected]

For Immediate Release

KALO GOLD APPOINTS PAUL HARBIDGE AS TECHNICAL

ADVISOR

VANCOUVER, BC, CANADA, AUGUST 4, 2021, KALO GOLD HOLDINGS CORP. (TSX.V: KALO)

(“Kalo,” “Kalo Gold,” or the “Company”), is pleased to welcome Mr. Paul Harbidge as Technical Advisor

of the Company, additionally joining Kalo Gold’s Special Advisory Committee.

Mr. Paul Harbidge is a geologist with over 26 years of experience and a proven track record in the discovery

of world class gold deposits. He holds a First Class Honours Degree in Geology from Kingston University,

London (UK) and an MSc in Mineral Exploration and Mining Geology from Leicester University (UK).

Paul was most recently the President and CEO of GT Gold where he led the company in advancing the new

gold rich copper porphyry project in Northern British Columbia, and its $456 million sale to Newmont

Corporation in May 2021. Paul previously served as Senior Vice President of Exploration at Goldcorp Inc.

from 2016 until its acquisition by Newmont in April 2019. Prior to that, he successfully led the Exploration

Team at Randgold Resources resulting in the discoveries of the Yalea Deeps project (+7.5Moz), the Gara

deeps project (+4.5Moz), Loulo 3 (1.5Moz) and th e +6Moz Gounkoto deposit in the Loulo area of Mali

and the +4Moz Massawa deposit in Senegal. He has also worked for Rio Tinto in the Iberian Pyrite Belt,

Anglo American in Senegal and Ashanti Goldfields in Mali, Ghana, Guinea and Tanzania.

“We are extremely pleased to have Paul join as an advisor of Kalo Gold.” said Kalo Gold CEO and Director,

Fred Tejada. “Paul brings a tremendous amount of gl obal expertise and a track-record of discovering and

advancing major systems and most importantly significant value creation. We believe that Vatu Aurum, in

the prolific Ring of Fire in the South Pacific has the potential for a major discovery and are thrilled to have

Paul bring his skill set to the team.”

Paul Harbidge states, “It is with tremendous excitement to be joining the Kalo Gold team as an advisor. I

have been closely monitoring the Vatu Aurum project and am attracted to its phenomenal geologic setting,

large land position, big system and multiple discovery potential, and the team involved. Mr. Tejada and his

team have made considerab le geoscientific progress over the past year and I strongly believe that Kalo is

on the verge of a significant discovery. I look forward to unlocking the immense value potential with them.”

In connection with the appointment, the Company has granted 750,000 stock options to Mr. Harbidge. The

Company also granted 150,000 stock options to a cons ultant of the Company, for an aggregate total of

900,000 stock options (the “ Options”) to purchase 900,000 shares (the “S hares”) in the capital of the

Company pursuant to the Company’s share option plan. The Options are exercisable at an exercise price

of $0.26 per Share for a period of two (2) years from the date of grant. The Options are subject to vesting

periods over the course of the term of the Options.

About Kalo Gold

Kalo Gold is a mineral exploration company focused on the Vatu Aurum gold project on Fiji's north island,

Vanua Levu. Kalo Gold holds two mineral explor ation licenses covering 36,700 hectares of land and on

trend with many of the largest gold deposits in the world in the Southwest Pacific Ring of Fire.

On behalf of Kalo Gold

Fred Tejada

Chief Executive Officer and Director

For more information contact, please contact

Kevin Ma,

President and Director

E: [email protected]

T: +1-604-363-0411.

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 statements, which are statements that are not purely

historical, including any statements regarding beliefs , plans, expectations or intentions regarding the

future. Forward looking statements in this news rel ease include statements relating to proposed drilling

timeline and the proposed expansion of the explorati on program. Forward-looking statements are often

identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All

statements, other than statements of historical fact, included in this release, including statements regarding

the proposed drilling timeline and the proposed expansion of the exploration program, 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 coul d differ materially from those anticipated in such

statements. Important factors that could cause actu al 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 authorizations required for its activities, 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 prove to be incorrect, a nd 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-l ooking statements contained in this news release are made as of the

date of this news release and the Company will updat e or revise publicly any of the included forward-

looking statements as expressly required by Canadian securities law.