Kilo Goldmines Ltd. has signed a definitive agreement with Randgold Resources limited for a joint venture on Kilo Goldmines' Somituri licences located in Democratic Republic of Congo. The purpose of the JV is to conduct exploration on the licenced properties to evaluate possible development and mining of the licences, and to operate future mines thereon, if appropriate. Randgold will obtain incremental ownership through financing of exploration, based on milestone events, commencing with establishment of a pre-feasibility study.

Randgold will manage exploration activities, and a joint venture committee with representation from both parties will direct the project.