Khalkos Exploration Inc.: Copper Minerals Discovered on Nanuq Property in Nunavik, Quebec

MONTREAL, QUEBEC--(Marketwire - July 25, 2012) - KHALKOS EXPLORATION INC. ("Khalkos") (TSX VENTURE:KAS) completed a first prospecting program on its new copper-silver-gold Nanuq property located 40 km south of Salluit, Nunavik, Quebec. Numerous quartz-carbonate veins or veinlet-vein systems hosted in shear zones were discovered within outcrops or boulders. Copper minerals such chalcopyrite, malachite, locally azurite, and at one place native copper were observed in most of the veins. The mineralised zones are mostly exposed over only a few metres on strike, or discontinuously over a few tens of metres, with widths varying from less than a metre to a few metres.

A total of approximately 150 rock samples were collected on the Nanuq property and will arrive this week to Val-d'Or for assaying. Although good copper grades are expected in some samples, Khalkos' geologists believe that the property has foremost a gold potential.

Dominique Doucet, Eng., President of Khalkos, participated in the fieldwork on the property and took the opportunity to meet with some of Salluit's Inuit representatives.

The Nanuq property is centered on the very high copper grades occurring in the lake sediments, which were discovered by the Ministry of Natural Resources and Fauna of Quebec (MRNFQ) in a large sampling survey on close to 3,000 lakes covering the entire Ungava region, a 39,000 km² area. Khalkos acquired directly the 276 claims (112 km²) forming the Nanuq property following the public release in March 2012 of this survey.

Visit http://khalkos.com/en/projects/nanuq/ for maps and pictures of the property.

This press release was prepared by Dominique Doucet, P. Eng., President of Khalkos, Qualified Person.

Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.