Kalo Gold Corp. (‘Kalo,' ‘Kalo Gold,' or the ‘Company') announced that, this week, it has commenced its Phase 2 drill and surface exploration program at its 100% owned, 36,700 hectare Vatu Aurum Gold Project, in Fiji. The program will be focused on the Qiriyaga Zone, which has delivered promising results from its Phase 1 Program, including: KGD 01: 101m @ 0.94g/t gold from 0-101m including 2m @ 6.00g/t gold from 6m-8m; 2m @ 5.36g/t gold from 69m-71m; KGD 03: 24m @ 1.01g/t gold from 21m-45m, including 2m @ 6.27g/t gold from 37m-39m; and KGD 04: 69m @ 0.96g/t gold from 21m-90m including 2m @ 5.11g/t gold from 34m-38m.

Lengths presented are down-hole length and not true width. In preparation for the exploration program, Kalo Gold has undertaken road upgrades and camp improvements. The Company-owned drill rig is on site and a second drill rig was recently purchased in anticipation of drilling in the Qiriyaga Zone.

Importantly, the Phase 2 program is leveraging the airborne IP and ground magnetic geophysical survey results, in addition to soil geochemistry, trenching, diamond drilling that have shown that the Qiriyaga Zone has the potential to be a much larger system, representing a potential 3.3 km x 1.7 km potential gold mineralized area. Geophysical results also indicate that past drilling was too shallow and missed an extensive IP geophysical anomaly, which has a coincidental surface expression that includes the Qiriyaga Hill and Vuinubu Ridge deposits. Qiriyaga Hill and Vuinubu Ridge may be the tip of the iceberg for the system and host a combined historical Inferred mineral resource of 158,831 gold ounces.

Additionally, the results of the recent magnetic survey indicate a potential copper-gold porphyry system underlying the previously defined, large IP chargeability anomalies which is further supported by petrographic analysis of deeper core samples. For more information on the IP/geophysical survey results. As a result of the Phase 1 Program, three high priority targets have been identified for testing, with Phase 2 drilling now underway.

The Phase 2 Exploration program plans to focus on the following: Drill the high-priority targets identified by IP/geophysical survey, a precursor to more impactful drilling if results are positive; Continue to confirm the lateral and vertical mineralization of Qiriyaga Hill and Vuinubu Ridge; Continue to expand the footprint of Qiriyaga Zone with additional IP/geophysical survey, soil geochemical sampling and mapping; and Advance Mouta, Coqeloa and other selected prospects with IP/geophysical survey, soil geochemistry, mapping and trenching to develop a pipeline of drill-ready exploration targets. Health & Safety Update - Kalo Gold to report that the government of Fiji, effective November 11, 2021, relaxed travel restrictions to Fiji and also to the northern island Vanua Levu, where the Vatu Aurum project is located. The Company has implemented additional safety controls to ensure the health and safety of all employees, contractors, and communities.

These measures are in line with the Fijian Ministry of Commerce, Trade, Tourism and Transport Protocols for COVID Safe Business Operations. Such measures include employee temperature checks, the implementation of the CareFiji App, ongoing hygiene training, social distancing, and frequent handwashing.