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 ("KLG") is a junior exploration company focused on promising gold, copper and coal prospects in Kalimantan, Indonesia, a country which is both highly prospective and underexplored.

In East Kalimantan, the company is undertaking a 4,000 metre drill programme at its 100%-owned Jelai prospect which has the potential to yield a major epithermal gold deposit. The company expects to produce an inferred resource for Jelai on completion of the programme. KLG is also assessing a number of coal prospects in East Kalimantan which is known as a world hot spot for coal.

In Central Kalimantan, the company has porphyry copper prospects which it believes have the potential to produce a world-class deposit. In January 2008 the Board commissioned a report from a leading copper expert, Dr Peter Pollard, who concluded there was "untested potential" in the main prospect areas. A number of companies have expressed interest in reviewing existing data on the project as a first step towards entering into a formal cooperation agreement.

Kalimantan Gold is listed on the AIM market of the London Stock Exchange and on the TSX Vancouver Exchange.

Current Operations

Kalimantan is a junior exploration company focused on copper and gold in the Kalimantan province of Indonesia.

The Company has exploration rights over two distinct areas, the Jelai-Mewet epithermal gold-silver prospects in East Kalimantan and the KSK Contract of Work (CoW) copper-gold porphyry prospects in Central Kalimantan.

Kalimantan has been active in Indonesia since 1996 and has a very experienced management team.

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.

Jelai Mewet
KGC has been undertaking a major drill program at its 100%-owned Jelai epithermal gold property in East Kalimantan where the company has successfully tracked the results of the previous incumbent Indochina Goldfields (now Ivanhoe Mines) and is now achieving some promising results of its own.

Coal Prospects
Due diligence is being carried out on five coal concessions (KP's) offering exploration and development potential in East Kalimantan.

KGC signed an Option Agreement in April 2008 to acquire a 75% stake in the concessions and establish a presence in Indonesia's rapidly growing coal industry. East Kalimantan is responsible for around 60% of Indonesia's coal production and all the concessions are close to established coal mining operations in what has become a world hot spot for coal. The six month due diligence period will include a minimum of 3,000 metres of drilling to assess the potential for coal reserves.

As part of the due diligence, KGC is working closely with the Indonesian consulting group PT GMT Indonesia which manages a number of coal exploration projects in East Kalimantan and has extensive experience in bulk commodity exploration, consulting and project management. GMT is contracted to produce a detailed report on each of the concessions and these reports will be posted under Technical Reports in this section of the web site as they become available.

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

Thistle House
4 Burnaby Street

Hamilton, HM12


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

Capital

Issued and outstanding: 63,955,117
Warrants 12,119,017
Options 5,402,000
Fully Diluted 81,476,134

Annual General Meeting

May

Year End

31 December

Nominated Brokers

Keith, Bayley, Rogers & Co. Limited
Sophia House
76-80 City Road
London EC1Y2EQ
United Kingdom

Nominated Advisors

RFC Corporate Finance Limited
Level 15, QV1 Building
250 St Georges Terrace
Perth WA 6000, Australia
Ph: +618 9480 2500

Major Shareholders

Directors & Management	8.5%
Kalimantan Investment Corporation	18.4%
Retail & Institutional Shareholders	73.1%

Most Recent Statement

20/08/08 - Jelai Mineralization Expanding for Kalimantan Gold
28/07/08 - Kalimantan Gold Update
13/06/08 - Kalimantan Gold completes C$1.1 million private placement
16/05/08 - Kalimantan Gold plans private placement
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

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