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KALO.V ·

KALO GOLD Clarifies Technical Disclosure and Files Amended Technical Report

Technical Reports (NI 43-101) Regulatory & Compliance

LEGAL_37204378.2

For Immediate Release

Kalo Gold Corp.

Suite 1430, 800 West Pender Street

Vancouver, BC, V6C 2V6

www.kalogoldcorp.com

[email protected]

KALO GOLD CLARIFIES TECHNICAL DISCLOSURE AND FILES

AMENDED TECHNICAL REPORT

VANCOUVER, BC, CANADA, SEPTEMBER 27, 2021, KALO GOLD CORP. (TSX.V: KALO), (“ Kalo,”

“Kalo Gold,” or the “ Company”), announces that as a result of a recent review by the British Columbia

Securities Commission, the Company is issuing the follo wing news release to clarify its prior scientific and

technical disclosures.

The technical report on the Vatu Aurum Gold Project (the “ Property”) with an effective date of January 16,

2021 (the “ Technical Report ”) was not compliant with National Instrument 43-101 (“ NI 43-101 ”). The

Company confirms that all estimates of the quantity, grade, and metal or mineral content which it has made in

respect of its Property are historical mineral resource estimates as defined by NI 43-101, as such estimates

have not been verified as current mineral resources or reserves and were prepared before the Company

acquired the Property. The Company confirms that it is not treating such historical estimates as current

mineral resources or mineral reserves.

To address these deficiencies the Company has filed an amended NI 43-101 Technical Report. All mineral

resources or mineral reserves referenced in the Company’s news releases and disclosure documents issued

prior to the date hereof are referring to historical mineral resource estimates.

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 holds two minera l exploration 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.

LEGAL_37204378.2

Neither the TSX Venture Exchange nor its Regulation S ervices Provider (as that term is defined in the

policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.