KALO GOLD CLOSES $5.88 MILLION EQUITY FINANCING, INCLUDING OVERSUBSCRIBED $5.38 MILLION PRIVATE PLACEMENT AND $500,000 CRESCAT CAPITAL INVESTMENT Silvercorp Metals Inc. Invests $1.5 million in Private Placement Crescat Capital LLC Completes Separate $500,000 Strategic Investment
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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 CLOSES $5.88 MILLION EQUITY FINANCING, INCLUDING OVERSUBSCRIBED $5.38
MILLION PRIVATE PLACEMENT AND $500,000 CRESCAT CAPITAL INVESTMENT
Silvercorp Metals Inc. Invests $1.5 million in Private Placement
Crescat Capital LLC Completes Separate $500,000 Strategic Investment
VANCOUVER, BRITISH COLUMBIA, CANADA : JULY 28, 2025, KALO GOLD CORP. (“Kalo”, “Kalo Gold ” or the
“Company”) announces, further to its news releases on J une 26 and July 3, 2025, the completion of a $5.88
million equity financing anchored by investments from Silvercorp Metals Inc. (“ Silvercorp”) and Crescat Capital
LLC (“Crescat”).
Highlights
Lead order from Silvercorp ($1.5M) and strategic investment by Crescat ($500K)
Oversubscribed: $5.88 million total financing ($5.38M oversubscribed private placement + $500K
strategic investment) reflects significant institutional participation.
Exploration funding: Proceeds will support regional target advancement and diamond drilling at high-
priority epithermal gold targets with confirmed pathfinder anomalies and alteration signatures.
Insider participation: $120,000 subscribed by directors and officers
Long-term strate gic commitment: Participation Rights granted to both Silvercorp and Crescat to
maintain pro rata ownership in future financings
Advisory support: Partnerships with 3L Capital (North America) and Greenwood Capital (UK/Europe)
provide additional investor outreach.
“We have been disciplined in defining the geological potential of Vatu Aurum through extensive soil sampling
and trenching programs that have deli vered strong results at Aurum Prime over the last year. With this fi-
nancing secured, we are ready to advance to the ne xt phase with drilling focused on the most compelling
targets that remain untested at depth, while also using the insights gained from our work to date to advance
other priority targets, including Co qeloa and Wainikoro,” said Terry Tuck er, P.Geo., President & CEO of Kalo
Gold.
Crescat Capital LLC - Strategic Investment
Further to the news release dated June 26, 2025, the Company has closed its strategic investment from Crescat
for $500,000 by issuing 10,000,000 Units at a price of $0. 05 per Unit for gross proceeds of $500,000 (the “ In-
vestment”). Each Unit consists of one common share of the Company (each, a “Share”) and one Share purchase
warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to acquire an additional Share at an ex-
ercise price of $0.08 per Share for a period of twenty-four months from the date of issuance. The Warrants
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issued in connection with the Investment do not contain an acceleration clause. No finder’s fees were paid in
connection with the Investment.
Crescat Capital LLC - Strategic Shareholder Agreement and Participation Right
In connection with its continued strategic investment, Crescat and the Company have extended their Strategic
Shareholder Agreement and Grant of Participation Right , originally signed in January 2023. Under these agree-
ments, Crescat holds the right to participate in future eq uity financings on the same terms as other investors,
allowing it to maintain its pro rata ownership interest, subject to holding at least 2% of Kalo’s outstanding Shares.
Additionally, the Strategic Shareholder Agreement provid es for ongoing collaboration between Kalo and Cres-
cat’s technical team, including engagement with Dr. Quinton Hennigh, Crescat’s Geologic and Technical Advisor.
Dr. Hennigh may provide input on exploration strategy and related geological matters, although Kalo retains full
operational control. The agreement explicitly limits Cres cat’s access to material non-public information and in-
cludes safeguards to ensure compliance with securities regulations.
Silvercorp Metals Inc. - Participation Right
In connection with its $1.5 million investment, Kalo Gold has entered into a Participation Right Agreement with
Silvercorp, under which Silvercorp is entitled to maintain its pro rata ownership in the Company. The agreement
provides Silvercorp with the right to participate in future equity offerings (excluding certain exempt issuances)
on the same terms offered to other investors, subject to regulatory approval and stock exchange rules. The
participation right remains in effect fo r as long as Silvercorp holds at least 2% of Kalo’s outstanding Shares and
is transferable to an affiliate.
3L Capital and Greenwood Capital - Strategic Advisory Support
Kalo Gold Corp has formalized advisory relationships with 3L Capital Inc. and Greenwood Capital Partners
Limited to support its capital markets and financing capabilities.
3L Capital Inc.
3L Capital Inc., a Toronto - based independent merchant bank, is engaged as financial adviser to provide
guidance on capital raising, M&A opportunities, and market positioning. The team includes Mark Souvenir (CEO
& Founder), Kim MacIntyre (Director, Equity Capital Ma rkets), and Steven Therrien, P.Geo. (Senior Mining
Analyst). 3L has supported the Company’s private placem ent and provides ongoing advice on capital markets
strategy, transaction structuring, and investor outreach.
Greenwood Capital Partners Limited
Greenwood Capital Partners Limited, based in London a nd regulated by the FCA, has been retained as Kalo’s
Equity Capital Markets Adviser in the UK and Europe. The team includes Nick Org ill (Managing Partner), John
Prior (Managing Partner), and Phil Swinfen (Managing Director, Mining Research). Greenwood provides research
coverage, investor introductions, and capital markets support, and acted as Introductory Agent for investors.
Together, these firms bring deep technical insight, fina ncing expertise, and investor connectivity to support
Kalo’s growth objectives and execution of its 2025 exploration program.
Use of Proceeds:
Immediate Drill Program Advancement: The Company intends to use the net proceeds to fund its exploration
program at the drill-ready Vatu Aurum Project:
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Diamond drilling at high-priority epithermal targets on the Namalau Trend and within the Qiriyaga
Complex.
Continued geological mapping, trenching, and drilling along the Namalau, Loma, and Buca Trends.
Surface exploration, including soil sampling, trenching, and mapping, at Coqeloa and Wainikoro.
Strategic working capital for operations and market development.
United States Securities Law Disclaimer
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the
United States. The securities described herein have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered
or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under
the U.S. Securities Act and applicable state securities la ws or an exemption from such registration is available.
This press release is not for distribution to U.S. newswi re services nor for dissemina tion in the United States.
Any failure to comply with this restriction may constitute a violation of U.S. securities laws.
About Silvercorp Metals Inc.
Silvercorp Metals Inc. is a Canadian mining company pr oducing silver, lead, and zinc metals from its mines in
China. Silvercorp is publicly traded on the TSX (symbol: SVM) and NYSE American (symbol: SVM) and is focused
on both organic growth and strategic investments in exploration and development-stage companies with high-
grade resource potential.
About Crescat Capital LLC
Crescat Capital is a Denver-based global macro asse t management firm that invests using proprietary
value-driven models. It has taken activist positions in the precious metals exploration sector, and its Geologic &
Technical team is advised by Dr. Quinton Hennigh, an exploration geologist with over 40 years of industry
experience.
ABOUT KALO GOLD CORP.
Kalo Gold Corp. (TSXV: KALO) is a gold exploration company focused on low-sulphidation epithermal systems in
Fiji. The Company’s 100%-owned Vatu Aurum Project spans 367 square kilometres on Vanua Levu, the northern
island of Fiji, within a regionally significant back-arc basin that hosts preserved volcanic and hydrothermal
features.
Exploration is centered on the Aurum Epithermal Fiel d and the adjacent Qiriyaga Complex, where multiple
structurally controlled gold targets have been identified. Trenching, geochemical sampling, and previous drilling
have outlined high-level epithermal textures, pathfinder element anomalies, and alteration patterns consistent
with vertically intact gold systems. Kalo is advancing a systematic exploration program including trenching,
mapping, and drilling to evaluate the scale and depth potential of these mineralized trends.
Kalo's technical programs are executed in partnership wi th SGDS Hive, a leading geological services firm with
extensive epithermal gold experience. The Company be nefits from technical and capital markets support,
including Crescat Capital, strategic advisory from Green wood Capital Partners (UK/Europe) and 3L Capital Inc.
(North America), and operational insights from strategic shareholder Silvercorp Metals.
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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]
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Neither the TSX Venture Exchange nor its Regulation Servic es 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 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 releas e, 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 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,
because 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, 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.