Kalimantan Gold - Jelai Update

As announced on February 15, 2011, Kalimantan Gold Corporation Limited (the "Company") executed a definitive option agreement (the "Deed") with Tigers Realm Minerals Pty Ltd. ("Tigers") an Australian based, privately owned resource company. Pursuant to the Deed Tigers may earn up to a 70% interest in the Company's Jelai Gold Project by meeting certain project expenditure obligations and completing a bankable feasibility study.



Kalimantan Gold Copper and Coal Project Updates

As announced on April 19, 2011, Kalimantan Gold Corporation Limited (the "Company") entered into a joint venture agreement with a wholly owned subsidiary of Freeport-McMoRan Exploration Corporation in relation to the Company's KSK Contract of Work copper project in Kalimantan, Indonesia.



Kalimantan Gold Appoints Commissioner to Subsidiary

Kalimantan Gold Corporation Limited (the "Company") is pleased to announce the appointment of Mr Bambang Setiawan as Commissioner (a senior advisor) to the Board of PT Kalimantan Surya Kencana ("KSK") a wholly owned Indonesian subsidiary of the Company which holds the KSK Contract of Work.



Kalimantan Gold Extends Jelai Gold Mining Exploration Licence

Kalimantan Gold Corporation Limited (the "Company") is pleased to announce that the term of the Mining Business Permit (Izin Usaha Pertambangan "IUP") at its Jelai Gold Project has been extended until June 2, 2015.



Kalimantan Gold Reports CEO Buys Shares

Kalimantan Gold Corporation Limited (the "Company") wishes to advise that Faldi Ismail, the Deputy Chairman and Chief Executive Officer and a director of the Company has bought 1,000,000 shares of the Company through the TSX Venture Exchange at a price of CDN$0.09 per share. Following this purchase, Mr Ismail now holds a total of 4,430,000 shares (2.7% of issued and outstanding) and 1,870,000 stock options in the Company.



Kalimantan Gold Closes Private Placement With Freeport

Kalimantan Gold Corporation Limited (the "Company") is pleased to announce that it has raised C$350,000 from the issue of 2,500,000 common shares at price of C$0.14 per share to a wholly owned subsidiary of Freeport-McMoRan Exploration Corporation ("Freeport"). The common shares issued are restricted from trading through the TSX Venture Exchange until September 7, 2011.



Kalimantan's Fiscal Year 2010 Results

Attached are the audited Consolidated Balance Sheets, Consolidated Statements of Operations Comprehensive Loss and Deficit, Consolidated Statements of Cash Flows, and Management Discussion and Analysis (the "MD&A") of Kalimantan Gold Corporation Limited (the "Company") for the fiscal year ended December 31, 2010. The Annual Financial Statements and MD&A are available for viewing on www.sedar.com or www.kalimantan.com.



Kalimantan Gold Prices Private Placement With Freeport

Kalimantan Gold Corporation Limited (the "Company") is pleased to announce that a wholly owned subsidiary of Freeport-McMoRan Exploration Corporation ("Freeport") has subscribed for the purchase of 2,500,000 common shares of the Company at a price of C$0.14 per common share for total proceeds of C$350,000.



Kalimantan Gold New CEO

Kalimantan Gold Corporation Limited (the "Company") is pleased to announce the appointment of Faldi Ismail to the post of Deputy Chairman and Chief Executive Officer to replace Rahman Connelly in that position.



Kalimantan Gold Signs Definitive Agreement with Freeport

Kalimantan Gold Corporation Limited (the "Company") is pleased to announce it has entered into a joint venture agreement (the "Agreement") with a wholly owned subsidiary of Freeport-McMoRan Exploration Corporation ("Freeport") in relation to the Company's KSK Contract of Work copper project (the "KSK CoW") in Kalimantan, Indonesia.



Kalimantan Gold Update On KSK Joint Venture Option

As announced on December 13, 2010, Kalimantan Gold Corporation Limited (the "Company") signed a non-binding term sheet (the "Term Sheet") with a major copper mining company (the "Major") in relation to its KSK Contract of Work copper project (the "KSK CoW") in Kalimantan, Indonesia. Pursuant to the Term Sheet the Major can earn a 51% joint venture interest in the KSK CoW by expending US$7 million on a substantial exploration program over three years and then a further 24% (total 75%) by sole funding the completion of a feasibility study. Further details on the terms are contained in the Company's previous announcement.



Kalimantan Gold Signs Definitive Agreement

Kalimantan Gold Corporation Limited (the "Company") is pleased to provide an update on the option to joint venture agreement announced on December 2, 2010.