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Kilimanjaro to Acquire Additional Oil Properties in Western Alberta

BELIZE CITY, BELIZE -- (Marketwired) -- 07/17/14 -- The directors and management of Kilimanjaro Capital (OTC PINK: KIMJF) are pleased to announce that it has expanded its letter of intent with Verity Energy Ltd. to include oil producing assets located in South Eastern, Alberta near Keho, Alberta (the "Keho Property").

The Assets currently produce 11 bbl/d oil. The Keho property recently underwent a work-over to the waterflood recovery program, it is anticipated that as the waterflood fills voidage that oil production may increase to 20 bbl/d. Additional drilling locations have also been identified on the Keho property.

The AJM Deloitte NI 51-101 reserves Report (effective eDecember 31, 2013 using AJM Forecast Pricing as of March 31, 2014) values the Proved plus Probable value of the Keho Property to be $4.44 million (NPV 10%). Detailed Reserves as reported by AJM Deloitte are as follows:


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Keho                  Units              PDP          Proved             P+P
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Oil & NGL             Mbbl              25.7            98.4           160.8
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Value (NPV 10%)       $             $727,200      $2,766,700      $4,438,700
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