Kalo Gold Defines Kilometre-Scale Epithermal Gold Targets and Structural Corridors at Wainikoro Within a 40 km Gold Corridor, Vatu Aurum, Fiji
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Kalo Gold Corp.
Suite 1507, 1030 West Georgia Street
Vancouver, British Columbia
V6E 2Y3, Canada
| TSX-V: KALO | OTCID: KLGDF | FSE: 9M51 | www.kalogoldcorp.com
Kalo Gold Defines Kilometre-Scale Epithermal Gold Targets
and Structural Corridors at Wainikoro Within a 40 km Gold
Corridor, Vatu Aurum, Fiji
Vancouver, British Columbia – April 22, 2026 – Kalo Gold Corp. (TSX-V: KALO; OTCID: KLGDF; FSE: 9M51) ("Kalo"
or the "Company") reports results from ongoing exploration at Wainikoro, located approximately 5 km west of
Aurum Prime within its 100% -owned Vatu Aurum Project, Fiji. Drill hole VA26 -DH19 intersected interpreted
bladed carbonate textures — observations consistent with the upper levels of a boiling -stage, low-sulphidation
epithermal system — within kilometre-scale arsenic-in-soil anomalies along the Nubu Graben.
Two exploration diamond drill holes (VA26 -DH18 and VA26-DH19), together with trenching and systematic soil
geochemistry, have defined kilometre -scale structural corridors at Wainikoro along the Nubu Graben and
associated splay structures. Certified Fire As say results for both holes are pending. Integrated with an airborne
magnetic and radiometric survey now mobilized, these observations are advancing Wainikoro toward drill-ready
targets for follow-up drilling. Wainikoro is emerging as a key component of the Company’s broader exploration
strategy across the Vatu Aurum Project, where multiple structurally controlled targets are being advanced
systematically along a 40 km gold corridor.
KEY HIGHLIGHTS
• Kilometre-scale arsenic-in-soil anomalies: >1 km anomaly at Kope Road North ( KRN), >750 m at
Kope Road South (KRS), 1 km at Narusa Creek (NRC) and 300 m at Wainikoro West (WKW) (above
20 ppm As contour), spatially associated with Nubu Graben structures
• Interpreted boiling indicators observed in drilling: VA26-DH19 (270.6 m) intersected bladed
carbonate textures replaced by quartz and sulphide pseudomorphs, consistent with a boiling-
stage epithermal environment
• Gold confirmed at surface: trenching returned up to 2 m at 3.41 g/t Au (TR13- 5K04) and 32 m at
0.56 g/t Au (TR17-5K05); detectORE™ soil results up to 1,640 dU (~1.64 g/t Au) at KRN and up to
1,322 dU (~1.32 g/t Au) at KRS
• Two drill holes completed: VA26 -DH18 (245.7 m) at KRS and VA26 -DH19 (270.6 m) at KRN;
certified Fire Assay results pending
• Nubu Graben: Wainikoro lies along a 40 km NE -trending gold- in-drainage BLEG and stream
sediment geochemical anomaly corridor
• Capital-efficient path to drill-ready targets: systematic mapping, geochemistry, and trenching are
defining the highest-confidence structural corridors prior to follow-up drilling, supported by the
upcoming high-resolution airborne magnetic survey
Wainikoro: Two Exploration Drill Holes Complete; Kilometre-Scale Epithermal
Targets Defined
Exploration at Wainikoro has delineated multiple arsenic -in-soil anomalies associated with historical magnetic
low features, interpreted to represent zones of hydrothermal alteration and fluid flow along the Nubu Graben
and associated splay structures. These features are characteristic of low-sulphidation epithermal systems, where
hydrothermal fluids alter host rocks and create pathways for mineralization. Two exploration drill holes were
completed to advance the geological model, improve understanding of system scale, and provide context for the
airborne geophysical survey. A total of 11,251 soil samples have been collected to date at Wainikoro with more
than 7,500 additional samples planned with grids illustrated in Figures 3 and 4.
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Refining Targets Through Integrated Exploration
Wainikoro has been advanced with systematic soil geochemistry, trenching, and first-pass drilling — consistent
with the Company’s strategy of defining drill-ready targets through systematic surface exploration.
Wainikoro is a laterally extensive, structurally controlled low- sulphidation epithermal system — a target
geometry that is defined globally through wide -spaced, surface -led exploration (mapping, geochemistry,
trenching, geophysics), with drilling deployed to test corridors at depth. The Qiriyaga Complex is a vertically
zoned, diatreme-hosted target where drilling is designed to test architectural depth toward an interpreted feeder
zone at approximately 395 metres. The two programs are stage-appropriate to different target geometries.
The Company is applying a disciplined, data-led approach at Wainikoro and across the entire Vatu Aurum Project.
Ongoing work integrates geological, geochemical, geophysical, and structural datasets — including LiDAR-
derived lineation mapping, which has highlighted zones of dilation and fluid focusing on fault intersections and
flexures — to refine targeting before advancing to more capital -intensive drilling. Upcoming surface work will
include systematic stream sediment and soil sampling, trenching, and geological mapping to define drill -ready
targets. In parallel, the high- resolution airborne magnetic survey will commence shortly, with the survey
helicopter now in camp. No further drilling will be completed on the Project until the magnetic survey is
complete, and the resulting data have been integrated into the exploration model.
CEO Commentary
Terry L. Tucker, P.Geo., President and CEO of Kalo Gold, commented:
“Wainikoro is behaving the way a large epithermal system should behave at this stage of exploration.
We have kilometre-scale arsenic anomalies at surface and now textural evidence in drill core that DH19
has intersected the upper levels of a boiling zone.
Over the coming months, pending Fire Assay results and the airborne magnetic survey will define where
we drill next. Our surface -led approach is working: it is focusing capital on the most prospective
structural corridors across a 40 km gold corridor that is, stage by stage, revealing itself.”
Detailed Geological Information
KRN: Drillhole VA26-DH19
Drillhole VA26 -DH19 (270.6 m) was completed at the eastern extent of the KRN target (Figures 1 and 3 ),
intersecting brecciated andesitic volcanics with quartz veining and sulphide mineralization within a > 1 km
arsenic-in-soil anomaly, above 20 ppm As contour, along a Nubu Graben -related fault. detectORE™ soil values
reach 1,640 dU (~1.64 g/t Au) and trench results include 1.73 g/t Au from hydrothermal breccia and 32 m @ 0.56
g/t Au (including 12 m @ 1.0 g/t Au) (historical trench TR17- 5K05*). Core logging d efines a multi -stage
paragenetic sequence:
• Early iron oxide veining
• Main-stage quartz–carbonate veining
• Interpreted bladed carbonate, now replaced by quartz and sulphide pseudomorphs (sulphide
characterization pending confirmation)
• Sulphide mineralization, includes arsenic-bearing phases
The presence of interpreted bladed carbonate is consistent with boiling and pressure fluctuations — key
processes associated with gold deposition in epithermal systems. Elevated arsenic and antimony with low base
metals support the interpretation that dril ling intersected the upper levels of a vertically zoned epithermal
system. Samples have been submitted for QEMSCAN (Quantitative Evaluation of Minerals by Scanning Electron
Microscopy). Assays are pending. (*see NR 27 October 2025)
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Figure 1: KRN – KRS Targets
VA26-DH19-10: Open -spaced quartz –carbonate vein hosted within a polymictic, chlorite- altered breccia.
Interpreted bladed carbonate (calcite), partially replaced by quartz and sulphide pseudomorphs, post-date initial
vein formation and are consistent with boiling and pressure fluctuations during hydrothermal fluid flow. Open-
space (vuggy) textures with euhedral crystal growth indicate open- channel deposition along a dilational
structure.
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VA26-DH19-15 (149.94 –150.07 m): Crackle breccia
displaying complex, multi-stage quartz –calcite banded
veining with a distinctive "butterfly wing" texture.
Disseminated sulphides, primarily pyrite and
arsenopyrite, are concentrated along fracture networks
that cut the host rock and are interpreted to represent a
later mineralizing phase.
VA26-DH19-19 (155.36 –155.65 m): Prominent quartz –carbonate banded
veining. The veining displays clear cross -cutting relationships, consistent with
a multi -stage deformation and mineralization history. Oxidized sulphides,
characterized by distinct yellow al teration halos, are closely associated with
the veins and are interpreted as fluid pathways and controls on mineralization.
KRS: Drillhole VA26-DH18
KRS is located approximately 750 m southwest of KRN along a splay structure interpreted to represent a parallel
structural corridor, provisionally interpreted as a Riedel shear within the same hydrothermal system (pending
structural confirmation from the p lanned high- resolution airborne magnetic survey). The target area is
characterized by a series of low, dome -shaped hills, interpreted to represent zones of intense silicification and
hydrothermal alteration which have increased resistance to erosion.
Trenching returned 24 m @ 1.0 g/t Au (including 2 m @ 3.41 g/t Au) (historical trench TR13- 5K04*). Soil
geochemistry defines a coincident arsenic -in-soil anomaly directly associated with both trench -hosted
mineralization and anomalous gold values, detectORE ™ screening values up to 1,322 dU (~1.32 g/t Au),
reinforcing the prospectivity of the target.
Drillhole VA26 -DH18 (245.7 m) intersected polymictic breccias, quartz -carbonate veining, and sulphide
mineralization consistent with a hydrothermal system. Assays are pending (*see NR 27 October 2025).
Expanding Target Pipeline
Additional targets continue to emerge across Wainikoro:
• NRC (Figure 2), approximately 1.5 km northwest of KRN: 1000 m by 530 m arsenic-in-soil anomaly with
rock grab samples up to 0.6 g/t Au; follow-up fieldwork ongoing to expand the geological understanding
of this target
• WKW: additional 300m by 200m arsenic-in-soil anomaly follow-up work ongoing
• Navialoa (NAG): expanding soil coverage over a magnetic low identified in regional historical TMI
airborne geophysics and a possible circular feature in LiDAR
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Figure 2: NRC Target
Structural Controls and System Interpretation
Integration of LiDAR, geophysics, and mapping has refined the structural model highlighting dilation zones at
structural intersections — where N–S to NW –SE faults intersect the NE -trending Nubu Graben. These create
localized areas of dilation and structural complexity which is a key control on fluid flow.
The combination of:
• interpreted boiling-related textures (bladed carbonate)
• multi-stage sulphide mineralization with evident arsenic enrichment
• strong structural controls on fluid flow
• widespread hydrothermal alteration and brecciation
• NE–SW trending graben architecture (Nubu Graben)
• cross-cutting N–S to NW–SE structures
• flexures and fault intersections that create zones of dilation
These observations support the interpretation of a structurally controlled epithermal system . VA26 -DH19 is
interpreted to have intersected the upper levels of this epithermal system.
Next Steps
• Receipt and interpretation of Fire Assay results (VA26-DH18 and DH19)
• Additional trenching across priority structural targets
• Expansion of soil geochemistry
• A high-resolution airborne magnetic and radiometric survey is now mobilized and will provide critical data
to refine the structural framework and its connection to the broader Vatu Aurum corridor.
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• Continued integration of geological, geochemical, and geophysical datasets to refine drill targeting
Taken together, these activities will continue advancing the geological model at Wainikoro and refining drill
targeting and advancing priority targets toward drill testing through the remainder of 2026.
Technical Notes on detectORE™ Gold Screening Results
This news release references gold (Au) values reported in detectORE ™ Units (“dU”), generated using the
detectORE™ field-based gold analysis system developed by Portable PPB Pty Ltd. dU values represent a semi -
quantitative, ppb -equivalent measure of leachable gold response and are used for exploration screening
purposes only. They are not a direct measure of total gold content and are not equivalent to certified Fire Assay
results. Accordingly, dU results are not used to estimate Mineral Resources or Mineral Reserves.
Internal validation work conducted by the Company in 2025 on 824 samples from the Vatu Aurum Project
demonstrated a strong correlation between dU values and certified Fire Assay results (Pearson R = 0.98 for drill
core; R = 0.96 for trench samples). Soil d U results have not been directly validated against Fire Assay. While a
positive relationship exists, it is variable across different ranges and may be influenced by lithology, mineralogy,
and sample preparation. Any approximate equivalence (e.g., ~1,000 dU ≈ ~1 g/t Au) is provided for contextual
reference only and should not be relied upon for grade estimation. For full details, refer to the Company’s news
release dated 24 February 2026.
Drill Collar Locations
Hole ID Target Easting
(WGS84)
Northing
(WGS84)
Azimuth Dip Total Depth
(m)
VA26-DH18 KRS 774363 8191271 315 65 245.7
VA26-DH19 KRN 775037 8192052 145 55 270.6
Coordinates reported on WGS84 / UTM Zone 60S.
Qualified Person
The technical information in this news release was prepared, reviewed, and approved by Andrew Randell, P.Geo.,
CEO and Principal Geoscientist of SGDS -Hive, Technical Director of the Vatu Aurum Project, and a Qualified
Person as defined by NI 43-101. Mr. Randell is independent of the Company and has verified the data disclosed,
having conducted multiple site visits (2023–2026) and direct supervision of the exploration program.
Quality Assurance / Quality Control
Soil samples were collected under qualified geological supervision following industry -standard protocols. XRF
analysis was performed on site using calibrated portable analyzers. detectORE ™ screening data is QA/QC
managed through Portable PPB’s pLIMS system, including calibration verification, reference materials, blanks
and duplicates. Drill core from VA26-DH18 and VA26-DH19 will be securely shipped to ALS Limited (Australia) for
analysis by Au-AA25 (30 g Fire Assay, AAS Finish). ALS is accredited by NATA to ISO/IEC 17025 and is independent
of the Company and the Qualified Person.
About Kalo Gold Corp.
Kalo Gold Corp. is a gold exploration company advancing the 100% -owned Vatu Aurum Project (Special
Prospecting Licences 1511 and 1464), a 367 km² land package on Vanua Levu, Fiji, located in a preserved volcanic
back-arc setting. The Company's work is focused on a northeast-trending corridor of low-sulphidation epithermal
gold targets extending from Matailabasa in the southwest to Nayaroyaro in the northeast. Exploration across the
corridor — including at the flagship Aurum Prime area and Wainikoro (incorpo rating the KRN, KRS and NRC
targets) — has defined multiple structurally controlled gold targets supported by drilling, trenching, and soil
geochemistry. The Company is systematically advancing high-confidence targets toward discovery.
Kalo Gold Corp. is headquartered in Vancouver, British Columbia, and is listed on the TSX Venture Exchange
(KALO), the OTCID Market (KLGDF), and the Frankfurt Stock Exchange (9M51). For further information, visit
www.kalogoldcorp.com.
On behalf of the Board of Directors of Kalo Gold Corp.
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Terry L. Tucker, P.Geo.
President and Chief Executive Officer
Kevin Ma, CPA, CA
Executive Vice President, Capital Markets and Director
For further information: [email protected] | www.kalogoldcorp.com
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.
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward -looking statements" and "forward -looking information" within the meaning of applicable Canadian
securities laws. Forward-looking statements can often be identified by the use of words such as "will", "may", "should", "could", "would",
"anticipate", "believe", "estimate", "expect", "intend", "plan", "potential", "continue", "target", "scheduled", and similar expressions, or
statements that certain events or conditions "will", "may", or "could" occur.
Forward-looking statements in this news release include, but are not limited to: (i) the timing, scope, and results of planned explor ation at
Wainikoro and the broader Vatu Aurum Project, including receipt and interpretation of pending certified Fire Assay results from VA26-DH18
and VA26-DH19; (ii) the interpretation that arsenic -in-soil anomalies, magnetic lows, and the Nubu Graben and associated splay structures
reflect hydrothermal fluid pathways with potential for gold mineralization at depth; (iii) the interpretation that bladed carbonate
pseudomorphs observed in drill core are consistent with boiling conditions during hydrothermal activity, pending QEMScan conf irmation at
Intertek Kamloops; (iv) the interpretation that drilling to date has intersected the upper levels of a vertically zoned epithermal system, with
potential for stronger mineralization at depth and along strike; (v) the interpretation of a 40 km NE -trending gold-in-drainage corridor
connecting Wainikoro to Aurum Prime; (vi) the interpreta tion that KRN and KRS represent parallel structural corridors within the same
hydrothermal system, including the provisional interpretation of a Riedel shear zone at KRS; (vii) plans to complete a high-resolution airborne
magnetic and radiometric survey and to expand soil, stream sediment, and trench programs across the Wainikoro Prospect; and ( viii) the
Company's ability to secure financing, permits, and regulatory approvals required to advance exploration on the Vatu Aurum Project.
Forward-looking statements are based on a number of assumptions that the Company considers reasonable but which may prove to be
inaccurate, including: that pending Fire Assay results will be received from ALS Laboratories within anticipated timelines; t hat QEMScan
analysis at Intertek Kamloops will be completed and will inform the mineralogical interpretations stated above; that the Comp any will be
able to fund and execute the planned exploration programs; that permits, tenure, and licences will remain in g ood standing; that there will
be no adverse change in the political, regulatory, or operational environment in Fiji , including potential fuel shortages; and that commodity
prices and capital markets conditions will support continued exploration.
Forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results, performance, or
achievements to differ materially from those expressed or implied, including: exploration and drilling risk; the risk that de tectORE™ dU
screening results may not be confirmed by certified Fire Assay (detectORE™ dU values are semi-quantitative screening estimates and are not
equivalent to quantitative gold grades; soil dU results have not been directly validated against Fire Ass ay); the risk that geological,
geochemical, geophysical, and structural interpretations may change with additional data; permit, tenure, and title risk; risks of operating in
Fiji, including fuel supply, logistics, and currency risk; dependence on key pers onnel; environmental, health, and safety risk; financing and
dilution risk; and commodity price volatility. References to Aurum Prime (QC1) are for geological context only and no inferen ce should be
drawn that mineralization demonstrated at Aurum Prime wil l be present at Wainikoro. Readers are cautioned not to place undue reliance
on forward-looking statements.
The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information,
future events, or otherwise, except as required by applicable securities laws. Readers are directed to the Company's c ontinuous disclosure
filings available on SEDAR+ at www.sedarplus.ca, including its most recent Management's Discussion and Analysis, for a more c omplete
discussion of the risks affecting the Company and its business.
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Figure 3: Vatu Aurum Project target areas with soil grids
Figure 4: Wainikoro target areas with soil grids and As in soil