Kilo Goldmines Announces Pricing for Previously Announced Offering

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DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED
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IN WHICH IT WOULD BE UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH
JURISDICTIONS.


Kilo Goldmines Ltd. (the "Company") (TSX VENTURE:KGL)(FRANKFURT:02K) announced
today that it has agreed upon the pricing of its previously announced short form
prospectus offering (the "Offering") with the agents for the Offering. Units
consisting of one common share in the capital of the Company (each, a "Common
Share") and one Common Share purchase warrant (each, a "Warrant") will be
offered under the prospectus at a price of C$0.10 per Unit to raise gross
proceeds of a minimum of C$10,000,000 through the issuance of a minimum of
100,000,000 Units. Each Warrant entitles the holder to purchase one Common Share
for C$0.15 for a period of 36 months following the closing date of the Offering.


As previously announced, the Offering is being conducted by a syndicate of
agents co-led by GMP Securities L.P. and Clarus Securities Inc. and including
Byron Capital Markets Ltd. (collectively, the "Agents"), whereby the Agents have
been engaged to act as agents to sell the Units on a best efforts basis. 


The Offering is expected to close on or about March 20, 2013. 

The Company expects to use the net proceeds from the offering to fund further
exploration of the Company's Somituri gold property in the Democratic Republic
of Congo and for working capital and general corporate purposes.


Closing of the offering is subject to certain conditions, including but not
limited to, receipt of all necessary securities regulatory approvals, including
the approval of the TSX Venture Exchange.


The preliminary prospectus is still subject to completion or amendment. A copy
of the preliminary prospectus is available electronically on the Company's
profile at www.sedar.com. There will not be any sale of or any acceptance of an
offer to buy the securities until a receipt for the (final) short form
prospectus has been issued. 


This press release does not constitute an offer of the securities described
herein in any jurisdiction. The securities described herein have not been and
will not be registered under the United States Securities Act of 1933, as
amended, or the securities laws of any state and may not be offered or sold in
the United States absent an exemption from registration.


DISCLAIMER

This news release may contain forward looking statements concerning future
operations of Kilo Goldmines Ltd. All forward looking statements concerning
Kilo's future plans and operations, including management's assessment Kilo's
project expectations or beliefs may be subject to certain assumptions, risks and
uncertainties beyond Kilo's control. Investors are cautioned that any such
statements are not guarantees of future performance and that actual performance
and exploration and financial results may differ materially from any estimates
or projections. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kilo Goldmines Ltd.
Alex van Hoeken
Chief Executive Officer & President
+1 416 360 3406
info@kilogoldmines.com
www.kilogoldmines.com

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