Company Information for Kalimantan Gold Corp Ltd

TSX.V-KLG; AIM-KLG

www.kalimantan.com

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TSX.V; KLG

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AIM; KLG

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Company Statement

Kalimantan Gold Corporation Limited is a junior exploration company focused on extremely promising copper and gold prospects in Kalimantan, Indonesia, a country which hosts two of the largest and lowest cost porphyry copper-gold deposits in the world. The Company has exploration rights over two distinct areas in the country.

In Central Kalimantan where the company has a 75%-owned project, it believes that any one of its porphyry copper-gold prospects identified has the potential to become another world-class deposit. A report published by the consultant economic geologist Dr Peter Pollard in January 2008 highlights the "untested potential" on the project area and KGC is currently talking to a number of major companies regarding a next phase joint venture on the project.

The company also has high hopes for its 100%-owned Jelai gold property in east Kalimantan where recent drilling has produced a number of significant results and where there is the potential for a world class epithermal gold silver deposit according to another recently produced report by Peter Pollard. The company has been undertaking a 4,000 metre drill programme at the property and has identified a number of new mineralized zones.

Kalimantan listed on the AIM market of the London Stock Exchange in December 2006.

Current Operations

Copper Story - KSK Contract of Work in Central Kalimantan
With just two copper mines - Freeport's Grasberg and Newmont's Batu Hijau - Indonesia is the 3rd largest copper producer in the world. The geological formations that yielded these deposits are widespread throughout the country; and in Kalimantan especially. Industry ‘lore' is that Indonesia will yield many more such deposits. They haven't yet been found simply because Indonesia remains massively under-explored.

During the period when, worldwide, there was little industry interest in copper exploration, KLG Gold was actively exploring for major copper porphyry deposits in its 941 sq km KSK 6tth Generation CoW. As a result of this work, the region became acknowledged as a new copper gold porphyry province, confirmed by Dave Howard in his report dated January 2001, by Terry Leach in a paper to the 2002 PDAC in Toronto and recently in a Competent Person Report by SRK Consulting Engineers & Scientists.

From 1998 to 2000 KLG's efforts were in the east of its CoW, in an area that became known as Beruang where eight mineralized zones are located at the margins of a 12 kilometer in diameter caldera. Exploration work included 19 medium depth diamond drill holes at Beruang Kanan which returned results up to 167 meters @ 0.59% copper. Five major mining companies conducted technical due diligence in 2001, but withdrew from discussions because of the unstable political and economic climate in Indonesia at the time.

In 2002, exploration shifted to focus on several induced polarization (IP) and geochemical targets at the Mansur prospect, in the west of the CoW, which displays classic porphyry alteration and geochemistry. While working at Mansur, reconnaissance exploration was conducted in the adjoining Baroi prospect; exceptionally high-grade samples were found containing up to 16.4% copper, 460 grams per tonne silver, and 17.3 grams per tonne gold. As a result, the entire exploration effort moved to 6 x 4 kilometer Baroi prospect and has been the focus of exploration work for the past three years, during which 70 holes totaling 12,308 meters were drilled.

The company believes that any one of Baroi, Beruang Kanan & Mansur has the potential to yield a world class copper-silver-gold deposit.

In December 2006 Kalimantan finalized an option deed with the Australian copper and gold mining company Oxiana Ltd which spent US$2.5 million drilling 16 holes at the Baroi, Beruang Kanan & Mansur prospects before deciding no to proceed with the option. Following a report on the project published in January 2008 by the economic geologist Dr Peter Pollard, KGC has had three expressions of interest from major companies regarding a possible future joint venture. Peter Pollard's report has highlighted "untested potential" in severasl areas of the project

Jelai drilling produces strong results
KGC has achieved promising results as part of a 4,000 metre drill programme at its 100-owned Jelai gold property in east Kalimantan.
The 5000 hectare exploration concession contains 11 known anomalous gold prospects; only one of which, the Mewet Vein system, was drilled by Indochina Goldfields. So far, the programme, which began in 2007, has identified a number of new mineralized areas as well as achieving significant results.

Geology at Jelai fits the model found in similar magmatic arcs world-wide, which predicts that high-grade ore shoots are very likely in this type of deposit. With less than 10% of the known 5 km strike length tested, KLG will diamond drill a series of fences designed to test the veins to at least 150 m depth, and over a cumulative strike-length of at least 2 km. Previous detailed rock chip sampling along these veins returned bonanza-grade gold values of up to 63 g/t Au on the Sembawang Vein and 87 g/t Au on the Mewet Vein.

Mr Brett Gunter has been appointed as Technical Advisor. He was Project Supervisor, becoming Project Manager, for a five year period when Indochina Goldfields (now Ivanhoe) was exploring 3,000,000 ha in Northeast Kalimantan with a team of up to 40 geologists. He thus brings this invaluable first-hand experience and knowledge to KLG's Jelai Mewet epithermal gold prospect

Building social partnerships
Kalimantan is a aware of the need for operations to be conducted in a responsible manner for the benefit of all stakeholders. In this respect, we regard our social and community activities over many years as a bankable asset and believe there is particular merit in actively dealing with community issues at the exploration stage rather than leaving them to the mine development phase. This approach reflects the philosophy of the directors.

Our social and community activities are channelled through a KGC-supported Foundation, YTS, which works closely with villages surrounding our operations in both central and east Kalimantan. YTS has recently run a successful campaign on the dangers of mercury as part of artisinal gold mining and has developed a blueprint for social and community activities which is now available to other companies operating in the area.

Geographical Spread

Board of Directors and Key Management

Murray Clapham	Chairman and Director
Rahman Connelly	Deputy Chairman and Chief Executive Officer
Doris A. Meyer	Chief Financial Officer and Director
Peter Bojtos	Non Executive Director
Mansur Geiger	Vice President Exploration

Company Address

UNIT 1
15782 MARINE DRIVE
WHITE ROCK, BRITISH COLUMBIA V4B 1E6


Telephone:	+1 (604) 536-2711
Facsimile:	+1 (604) 536-2788
Email:	info[at]kalimantan.com
Website:	http://www.kalimantan.com

Capital

57.1 million shares outstanding
17.3 million warrants
3.6 million options
78.0 million fully diluted

Annual General Meeting

May

Year End

31 December

Major Shareholders

Kalimantan Investment Corporation owns 21%, Retail & Institutions own 69.5% and Management and Directors own 9.5%

Most Recent Statement

01/05/08 - Kalimantan's Fiscal Year 2007 Results And Annual And Special Meeting Of Shareholders
21/04/08 - Kalimantan Gold signs Option Agreement on five coal concessions
15/04/08 - Kalimantan Gold Commences Deep Drilling at Jelai gold project
05/02/08 - Continued drilling at Jelai encounters near-surface significant intercepts of gold
28/01/08 - Pollard report highlights untested potential at KSK copper gold prospect
30/11/07 - Equity Financing

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