Kalo Gold Closes Non-Brokered Private Placement Offerings for Gross Proceeds of C$2,350,000, With Strategic Investments From Crescat Capital LLC and Associate Investors and a Foundation Owned and Controlled by Mr. Michael Gentile, CFA

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Jan 12, 2023

VANCOUVER, BC / ACCESSWIRE / January 11, 2023 / KALO GOLD CORP. ("Kalo", "Kalo Gold" or the "Company") is pleased to announce that, further to its news release dated December 14, 2022, it has closed the second and final tranche of its non-brokered private placement of common shares of the Company (the "Shares"). The Company issued an additional 27,500,000 Shares at C$0.05 per Share for gross proceeds of C$1,375,000 (the "Second Tranche"). Together with the closing of the first tranche (the "First Tranche"), the Company has now issued 40,000,000 Shares for aggregate gross proceeds of C$2,000,000 (the "First Offering").