KAS Khalkos Exploration

Management of KHALKOS EXPLORATION INC. ("Khalkos" or the "Corporation") (TSX
VENTURE:KAS) completed the closing of the private placement announced in
September. A total amount of $275,400 was subscribed in this closing. It was
composed of 1,840,000 units at $0.05, each comprised of one Common Share and one
warrant for an amount of $92,000. In addition, 3,668,000 flow-through units that
were subscribed at $0.05 each, for a total $183,400. These units were composed
of one flow-through share and one-half warrant. A total of 5,508,000 shares were
issued as well as 3,674,000 warrants. Each warrant will entitle its holder to
subscribe for one Common Share at $0.10 per share for a period of 24 months
after the closing date. An officer and two directors of the Corporation
participated in the placement for an amount of $55,000. 


A finder's fee of $17,540 for the flow-through units was paid while none was
paid for the units. In addition, 350,800 warrants were issued to a finder. Each
warrant will entitle its holder to subscribe for one Common Share at $0.05 per
share for a period of 24 months after the closing date. There will be a hold
period of four months and one day on all securities issued under this financing.
This private placement has received the conditional approval of the TSX Venture
Exchange. 


The proceeds of this placement will be mainly used by Khalkos to develop the
Villebon property. A series of fieldwork such as stripping, bulk sampling
program, metallurgical tests, and the validation of the historical data will be
undertaken. The placement will also be used for general purposes of the
Corporation. Please visit the Khalkos' web site for more information on the
Villebon property. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Robert Gagnon
President
rgagnon@khalkos.com
(819) 860-2621


Peter Kong, B.B.A.
pkong@khalkos.com
(514) 750-9026
(514) 510-7964 (FAX)
www.khalkos.com

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