TSX.V & AIM: KLG

Building a Leading Asia Pacific Copper‐Gold Company

Corporate PresentationJune 2015

Forward Looking Statement

This document has been prepared by Kalimantan Gold Corporation Limited (the “Company” or “KLG” or “Kalimantan Gold”) solely for informational purposes.

This presentation is the sole responsibility of the Company. Information contained herein does not purport to be complete and is subject to certain qualifications andassumptions and should not be relied upon for the purposes of making an investment in the securities or entering into any transaction. The information and opinionscontained in the presentation are provided as at the date of this presentation and are subject to change without notice and, in furnishing the presentation, the Companydoes not undertake or agree to any obligation to provide recipients with access to any additional information or to update or correct the presentation.

This presentation contains “forward‐looking statements” including but not limited to, statements with respect to the Company’s plans and operating performance, theestimation of Mineral Reserves and Mineral Resources, the timing and amount of estimated future production, costs of future production, future capital expenditures, andthe success of exploration activities. Generally, these forward‐looking statements can be identified by the use of forward‐looking terminology such as “expects”, “expected”,“budgeted”, “forecasts” and “anticipates”. Forward‐looking statements, while based on management’s best estimates and assumptions, are subject to risks anduncertainties that may cause actual results to be materially different from those expressed or implied by such forward‐looking statements, including but not limited to: risksrelated to the successful integration of acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actualresults of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metalsincluding gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in ore reserves, grade or recovery rates;failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks ofthe mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rulesand regulations, and political and economic developments in countries in which the Company operates.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward‐looking statements,there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, asactual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward‐lookingstatements. Please refer to the Company’s most recent Annual Information Form filed under its profile at www.sedar.com and available from the Company’s website forfurther information respecting the risks affecting the Company and its business.

The documented geometries of mineralized inventory or exploration targets are not intended to be a proxy, or used as a basis, for mineral resource calculations. It is notcertain if additional exploration will result in the delineation of Mineral Resources in, or near, these target zones. Resource and reserve calculations that are NI 43‐101compliant have yet to be determined for the mineralized systems in the Company’s projects. This does not imply that the mineralisation contains economic MineralResources but merely highlights the relationships of the mineralized zones identified.

Qualified Person Duncan Hackman (B. App. Sc., MSc., MAIG) of Hackman & Associates Pty Ltd (Australia) is the independent Qualified Person within the meaning of NI 43‐101 for the purposes of Mineral Resource estimates contained within this presentation.  Data disclosed in this presentation has been reviewed and verified by  Stephen Hughes, P. Geo, an Employee and director of KLG and a Qualified Person within the meaning of NI 43‐101. 

2

3

Why Copper? Market FundamentalsSupport Strong Long Term Copper Price

Source: WBMS, Wood Mackenzie, BMO Capital Markets

Copper Project Capital Intensity vs Average Global Head Grade (1990‐2014)

Refined copper consumption by region 1950 – 2013

0.60%

0.65%

0.70%

0.75%

0.80%

0.85%

0.90%

0.95%

1.00%

0

5

10

15

20

25

30

EscondidaLos Pelam

bres1985‐2011Cham

bishiVoisey's BayDuck PondPilaresAntam

inaOlym

pic DamFlorenceMarcona

2012‐2015CarlotaPum

pkin HollowTia M

ariaRosem

ontCopper…2016‐2020Oyu Tolgoi

Magistral

AntapaccayPebbleAgua RicaResolutionLas Bam

basMichiquillay

Santo Domingo

Red Dome

EsperanzaLas CrucesSungunTam

pakanQuellaveco

Tenke…BoleoReko DiqMount M

illiganNew

 ProsperitySan AntonioLos ChancasConstanciaFrieda RiverMarathon

El Morro

Cobre Panama

Quebrada…

AynakGalore Creek

CapE

xpe

r CuE

q($k/lb)

Ave Globa

l  Mine Head  Grade

  (Cu

 percent)

Incremental Copper Mine Supply 2000‐2025E (kt)

Incremental Greenfield Copper Project CapacityIncentive Price

Source: Company Technical Reports, BMO Capital Markets. Assumes a 15% IRR.Source: Brook Hunt, Behre Dolbear

The average CapEx intensity for a greenfield copper project has more than tripled since 2000

4

Why Copper? Price OutlookShort Term Relative Weakness – Long Term Strength

‐1500

‐1000

‐500

0

500

1000

1500

050

100150200250300350400450

1990

1993

1996

1999

2002

2005

2008

2011

2014

2017

2020

Market B

alance (kt)

Copp

er Price (c/lb

)

Market Balance Copper Price

$0.00

$0.50

$1.00

$1.50

$2.00

$2.50

$3.00

$3.50

$4.00

$4.50

$5.00

1950 1960 1970 1980 1990 2000 2010

Copper price in constant dollars 20 year moving average

6.8t/MW of copper15kg of copper 60kg of copper 1.3t/MW of copper

Source: Wood Mackenzie, Rio Tinto

Source: Deutsche Bank

Building a Leading Asia Pacific Copper‐Gold Company

5

Quality Assets

Large copper and gold Resource base (NI 43‐101 compliant)

Significant Resource growth potential already identified

Near term small‐med scale copper development opportunity at KSK Project (BKM Deposit)                  coupled with a large copper‐gold growth option at the Beutong Project

Located in Indonesia close to key Asian consumer markets

Team with aProven Track 

Record

Significant exploration discovery track record in Asia Pacific region i.e. Laos, Indonesia, Australia

Strong project evaluation and mine development capability i.e. Sepon, Martabe, Prominent Hill

Extensive experience and long track record of successfully operating in Indonesia

Proven ability to raise exploration and development funding

Leaders in government and community relations, safety and environmental management

Unmatched database and coverage of the region 

EnhancedInvestor Appeal

Team is well known and strongly supported in mining and metals markets globally

Shareholder base expanded to cover Asian, Australian, North American and UK markets

Leverage relationships in Indonesia and wider Asia to build strong local investor participation

Increased liquidity

Creates a platform upon which to continue building a significant regional copper‐gold business

6

Corporate OverviewProven track record in Indonesia

Faldi Ismail    Non Executive DirectorExtensive experience as corporateadvisor specialising in the restructure and recapitalisation of ASX‐listed companies. Director of several ASX listed companies.

Peter Pollard  Non‐Executive Chairman20+ yrs experience as a consulting economic geologist. International experience on porphyry copper‐gold deposits.

Stephen HughesDirector, Vice President ‐ ExplorationGeologist, 20+ yrs mineral exploration, project generation and evaluation, resource and mine geology experience at Freeport, Oxiana and Tigers Realm Group.

Tony Manini  Deputy Chairman, CEOGeologist, 28+ yrs Riotinto, Oxiana/OZ Multiple discoveries and mine developments in Asia and Australia. Co‐founder Tigers Realm Group and EMR Capital, Chairman TR Coal.

Raynard von HahnNon Executive DirectorMr. von Hahn is a practicing securities lawyer and was called to the bar in British Columbia in 1993. His practice focuses primarily on corporate finance and securities law matters. 

Capital Structure TSX.V AIM

Shares 503.1m

Options (avg. price C$0.091) 14.7m

Warrants (avg. price C$0.08) 20.1m

Share price C$0.03 £0.013

Market Cap (undiluted) C$15.1m £6.6m

Pro‐forma Cash (as at 31 Mar 2015 plus June 2015 Capital Raising) 

C$2.6m £1.4m

Debt NIL NIL

Enterprise Value C$12.5m £5.2m

Significant Shareholders

TR Minerals Pty Ltd 11.8%

MK TRM Holdings LP 7.1%

Asipac Group 4.2%

Board and Management 3.6%

Namarong Investments 3.0%

Board and Senior Management Capital Structure 

7

4th Largest Coal producer, Largest Coal exporter 

2nd Largest producer of Tin and Nickel

13th Largest Copper producer

13th Largest Gold producer

Mining industry accounts for >10% of GDP

Minerals and related products 20% of exports

Favorable logistics, proximity to key markets

LT track record is excellent despite perception e.g. Grasberg, Batu Hijau, Kelian, KPC, PT Inco   

Several recent and current developments e.g. GResources Martabe, Finders Resources, Sumatra Copper and Gold, Kingsrose, Cokal

Hugely Prospective – rated in top 5 globally 

Safe and secure 

IndonesiaA Mining Country

Indonesian Projects Summary 

8

Beutong IUP Summary

Large  Copper and Gold Resource at Beutong East, West and Skarn, with NI 43‐101 compliant technical report

Current ownership 40% earning up to 80%

Title is IUP Exploration Licence IUP Production License being 

processed, 20 years and possible two 10‐year extensions

Tenement size 100km2

Forestry classification is APL, open pit and underground mining permitted 

3 prospects 2 porphyries and 1 skarn

Jelai IUP Summary

Exploration stage gold project Located in East Kalimantan,  45 km from major city of Tarakan Ownership 100%  Title is IUP Exploration, being converted to IUP Production Tenement size is over 50km2

Forestry licence status allows for open pit and underground mining. Forestry permit valid until 16 December 2015

11 prospects with over 10km of low sulphidation epithermal gold‐silver veins mapped at surface

KSK CoW Summary

Advanced stage exploration project >USD 50M spent on surveys and drilling. Maiden Copper Resource at BKM Prospect Ownership, 100% supported by NI 43‐101 

compliant technical report  Title is 6th generation contract of work 

(“CoW”), 30 years after commencement of mining, possible two 10‐year extensions

Tenement size over 610km2

Forestry classification is predominantly Production forest (open pit or ug mining) and lesser Protected Forest (ug mining)

Beruang Kanan Copper project comprises BKM, BKS, BKW, BKZ Polymetallic prospect

BKM copper mineralization is shallow dipping and near surface

38 Cu and Au prospects on CoW

KSK CoWJelai IUPBeutong IUP

Portfolio Overview – Positioned for Growth

KSK Project ‐ Near Term Medium Scale Copper Development Opportunity 

9

Beutong Copper‐Gold Project KLG Total Contained Metal

Status Advanced Exploration

Interest 40% (earning up to 80%)

Commodity Copper, Gold, Silver, Molybdenum

Measured and Indicated Resources (Contained metal, relevant interest)

496Mlb Cu / 149koz Au/ 2,279koz Ag / 8Mlb Mo (0.3% Cu Cut)

496Mlb Cu / 149koz Au/ 2,279koz Ag / 8Mlb Mo 

Inferred Resources (Contained metal, relevant interest)

1,637Mlb Cu / 698koz Au/ 5,961 koz Ag / 45Mlb Mo (0.3% Cu Cut)

2,258Mlb Cu / 698koz Au/ 5,961koz Ag / 45Mlb Mo

Growth Resource Growth, Earn‐in to 80%, PFS, BFS

KSK Project BK Main Copper Project

KSK Project                        BKS, BKW, BKZ Prospects

KSK ProjectBaroi, FEZ Prospects

Status Advanced Exploration Exploration Exploration

Interest 100% 100% 100%

Commodity Copper Copper, Gold, Zinc, Lead, Silver Copper, Gold, Silver

Inferred Resource (Contained metal) / Drill Intercepts 621Mlb Cu (0.2% Cu Cut)

3m @ 11.52g/t Au (BKS)16m @ 5.8% Zn, 2.8% Pb, 0.64g/t 

Au, 57.5g/t Ag (BKZ)

41.9m @ 3.18% Cu and 101g/t Ag

9m @ 14.03 % Cu, 0.11 g/t Au,464 g/t Ag

Growth Resource Growth, Scoping Study, PFS, BFS

Scout drilling Scout drilling

Beutong Project – Large Copper‐Gold Growth Option

KSK COW ‐ Location and InfrastructureExcellent Access and Logistics

10

RoadAccess

Regional location map showing road and air access

The KSK CoW is located approximately 165km NW of Palangkaraya, Central Kalimantan

Palangkaraya serviced by 4 flights per day from Jakarta Access to site is via all weather road. 6 hours drive 

from Palangkaraya, capital city of Central Kalimantan.   3 hrs sealed road, 3 hours all weather unsealed road 

Barge navigable river within 3 hours of BK project Well established operation field and supply camps Plentiful water. Mini hydro most likely power source Supportive government and local communities

11

Extensive near surface copper mineralization with potential for very low strip ratio deposit

Maiden Inferred Resource at BKM supported by NI 43‐101 compliant technical report

47Mt at 0.6% Cu (0.2% cutoff) includes higher grade core of12Mt at 1.0% Cu (0.7% cutoff)

Majority of Cu minerals observed are potentially leachable i.e.chalcocite, covellite

Significant upside potential. BKM deposit remains open in multiple directions. Nearby BKS and BKW prospects  still to be evaluated. 

BKS scout drilling (Hole KBK28) hit 11m at 0.9% Cu from 14.5m. Rock chips to 17.6% Cu. BKW undrilled

KSK Project BKM Copper DepositNear Term Copper Development Opportunity with Resource Growth

12

Goal is to rapidly assess potential for fast track development of BKM copper deposit via low strip ratio open pit mining

A total of approximately 6500m in 80 Holes in progress on 100m (lines) x 50m (holes) drill pattern. 

Resource evaluation infill drill program (30 ‐ 40 holes) is in progress to upgrade Resource confidence. Targeting 50% conversion to M+I Category. 

Additional 40 ‐ 50 step‐out holes are planned to expand the BKM Resource. Targeting a 30‐50% increase in resources.

Two rigs commenced drilling in early May, with a third to be mobilized in July.

Results will be incorporated into an updated Resource for the BKM deposit once infill drill program is complete

Sighter metallurgical testwork has commenced to establish material types/copper species and test recoverability i.e. leaching and/or flotation

Initial assessment of mining parameters and development potential will be completed following the receipt of the Resource update and met test results 

KSK Project BKM Copper Deposit2015 Work Program ‐ Strong News Flow

13

KSK Project BKM Copper Deposit2015 Results Confirm Continuity and Resource Growth Potential

A B

C D

Hole ID From (m)

To(m)

Length(m)

Cu(%)

BKM32450‐01 4.7 18.7 14.0 2.02Including 4.7 10.7 6.0 3.71

BKM32450‐01 32.0 54.0 22.0 0.88BKM32450‐03 48.0 53.0 5.0 2.03BKM32450‐04 58.0 63.2 5.2 1.21BKM32450‐05 12.0 29.0 17.0 1.61

Including 20.0 27.0 7.0 2.06BK031 16.0 41.5 25.5 0.67BK032 17.8 75.4 57.6 0.77BK032 190.3 220.5 30.3 0.66

Including 190.3 202.8 12.5 1.05BKD03‐01 197.5 210.3 12.8 0.93BKD03‐01 227.7 274.2 46.6 0.72BKD03‐02 8.50 25.00 16.50 0.86

Including 11.50 22.50 11.00 1.13

Hole ID From (m)

To(m)

Length(m)

Cu(%)

BKM31750‐01 19.0 28.0 9.0 0.73BKM31750‐02 1.5 6.5 5.0 0.93BKM31750‐02 16.5 70.5 54.0 1.10

Including 17.5 33.5 16.0 1.67Including 37.5 56.5 19.0 1.22

BKM31750‐03 8.0 72.0 64.0 0.74Including 8.0 13.0 5.0 1.60Including 15.0 23.0 8.0 1.16

BKM31750‐04 39.0 56.0 17.0 0.98BKM31750‐05 17.0 32.0 15.0 1.02BKM31750‐06 75.0 85.0 10.0 0.81BK057‐01 7.7 47.7 40.0 0.89BK058‐01 11.7 44.7 33.0 2.28

Including 11.7 20.7 9.0 7.35BK5 3.0 66.0 63.0 0.75

14

2015 Work ProgramKSK Planned Project Timeline

KSK Project – District PotentialHigh Quality Stand Alone Gold and Base Metal Targets

Numerous copper, polymetallic Cu‐Az‐Pb‐Au‐Ag and gold only prospects throughout the KSK CoW

BKZ Prospect outcropping massive sulphide style       mineralization. Drilling intersected 16m at 5.8% Zn, 2.8% Pb, 0.64g/t Au, 58g/t Ag and 0.16% Cu

Baroi Prospect contains >200m wide zones of sheeted to stockworked copper‐silver ± gold rich veins, approx. 1km strike with individual veins locally >10m wide and high grade e.g. 9m at 14 % Cu, 0.11g/t Au and 464g/t Ag in channel rockchips. High grade copper mineralization intersected in drilling i.e. 11.05m @ 11.05% Cu and 296g/t Ag in BF030 and 18m @ 3.20% Cu and 60.4g/t Ag in BF‐0048

15

BF‐5 intersected strong copper, including 31.45m @ 3.63% Cu and 115g/t Ag (from 0m ) and 24.0m @ 4.59% Cu and 88.5g/t Ag (from 41.45m)

Beutong Project – Exciting Cu‐Au DiscoveryQuality Deposit with Significant Upside Potential

High quality porphyry Cu‐Au‐Mo deposit containing 1.2BIbs Copper, 0.4Moz Gold, 5.7Moz Silver, 20Mlbs Molybdenum in Measured and Indicated and 4.1BIbsCopper, 1.7Moz Gold, 14.9Moz Silver, 112Mlbs Molybdenum in Inferred Resource (100% basis).  Refer Appendix 1 – Beutong Project Mineral Resource

Mineral Resource Estimate Geology similar to other world class examples in Asia Pacific e.g. Wafi‐Golpu

Near‐surface high grade copper mineralization at Beutong East e.g. 147.5m @ 1.32% Cu, 0.25g/t Au     from 2.5m depth in drilling

Deposit remains open to east, west and depth Strongly mineralized Cu‐Au skarn deposit 200m north of 

of Beutong East remains open in all directions. Drill intercepts include 33m @ 2.31% Cu, 1.23g/t Au from 48m depth

Soil geochemistry and drilling indicate skarn deposit potentially >2km in length and up to 60m wide.     Further evaluation is required

Beutong Project Area – Prospects

Beutong Project Area – Resource Footprint and Cu in soil overlay

16

Beutong Project – Infrastructure AdvantageRoad, Power, Port Infrastructure nearby

Beutong Project  is located 60 km inland and NE of the township of Meulaboh, Aceh Access to project site is via partially sealed roads from the regional towns of Meulaboh and Takengon Meulaboh has a population of approximately 50,000 and an active commercial airport A new seaport has recently been constructed approximately 5km southeast of Meulaboh A coal‐fired power station, with output of 2 x 110MW, has been built approximately 5km SE of Meulaboh

Beutong ProjectRecently Completed 220MW Power Plant and Sea Port

Power Plant

Port

17

18

Significant scale – deposit remains open with potential for considerable resource growth upside

Grade compares very favourably with those of operating mines in both South America and Asia Pacific

Infrastructure Advantages:

Sealed road access

Port within 60 kilometres

Grid power within 60km

Height above sea‐level

Access to water

Distance to market

Reduced infrastructure requirement translates to a much lower capital intensity

Beutong (0.5% Cutoff)

Beutong (0.3% Cutoff)Phu Kham

Batu HijauPanguna

Beutong Project – Mine Development PotentialComparative Metrics Highly Favourable v Current Producing Mines

Jelai Gold Project – SummaryQuality Small‐Med Scale Gold Project with Upside Potential

Low‐sulphidation epithermal gold veins Encouraging results from drilling (DDH)   Approximately 2,000m of vein strike 

length still to be tested Potential for small‐medium sized, high 

grade gold shoots

19

Drillcore from JCM 81 with 22.1  g/t Au, 41.7 g/t Ag/tAdularia  (yellow) in colloform‐banded quartz (right)

Mewet Vein Drill Results

• JCM‐69 4.75m @ 19.69g/t Au, 102.32g/t Ag from 22.75m

• JM018  4.51m @ 6.33g/t Au, 8.11g/t Ag from 115m 

• JM‐81  6.90m @ 25.53g/t Au, 22.49g/t Ag from 34.3m

Lipan Vein Drill Results

• JCM‐38  5.40m @ 11.71g/t Au, 5.05g/t Ag from 21.95m  

• JCM‐50  4.15m @ 8.71g/t Au, 3.65g/t Ag from 26.45m

• JCM‐26  5.20m @ 5.60g/t Au, 2.7 g/t Ag from 42m

Sembawang Vein Drill Results

• JCM‐13  4.75m @ 10.43 g/t Au, 14.63g/t Ag from 32m

Building a Leading Asia Pacific Copper‐Gold Company

Delivering on Plan

Closed transaction with Tigers Realm Metals Pty Ltd (Jan 2015) to aquire Beutong copper‐gold project 3Mt Contained Copper Strengthened management team: Tony Manini CEO, Stephen Hughes VP Exploration (both from Tigers Realm Group) Received 2‐year forestry permit renewal for exploration on KSK contract of work Commenced Resource infill and extension drilling the KSK Project BK Main copper deposit  First 11 holes have confirmed continuity of mineralization on two sections and highlighted potential for extensions in the 

southern part of the deposit Excellent results to date include 54 meters @ 1.10% Cu (from 16.5 meters depth in hole BKM31750‐02) and 14 meters @ 

2.02% Cu (from 4.7 meters depth in hole BKM32450‐01).  Equity Placement of £1.3m completed early June. 2015 drilling program is fully funded

Rapidly Growing Value

• BKM deposit being progressed towards Preliminary Economic Assessment (scoping study) stage• 6,500m program of Resource infill and expansion drilling at the BK Main deposit in progress• Two Resource upgrades planned for BKM in 2015• Extensive metallurgical test work program underway – leach and/or flotation• Scout drill testing of high potential prospects within 5km of the BKM deposit namely BKS, BKW and BKZ• Conversion of the Beutong Izin Usaha Pertambangan (“IUP”) from an exploration IUP to an exploitation IUP (Mining Licence)• Progressing commercial deal on Jelai Gold Project

Strong News Flow 

• Regular flow of assay results from drill program – 70‐90 holes in 6 months• Results from scout drilling on high potential prospects close to BKM• Progressive metallurgical test work results • Resource updates• Permitting milestones

20

Why Invest in Kalimantan Gold?

21

Quality Assets and PeopleSubstantial copper Resources, Solid grade, Significant upsideNear Surface ‐ Readily amenable to open pit miningExcellent access, logistics and infrastructureSolid government and community relationshipsTeam with a proven track record‐ Indonesia, Mine development, Funding

ValueLarge N43‐101 compliant Cu and Cu‐Au Resources with real and measurable intrinsic valueKLG valuation is at a very deep discount to comparable assets by any historical metricsExpenditure on de‐risking and developing assets is many multiples (8x) of current value

TimingMetals and Mining market is at or close to a cyclical low pointExcellent outlook for copper is closely aligned to KLG development timeframes Company has been re‐invigorated – New team, Development focus, Funding in placeResource evaluation and development programs being rapidly advancedStrong positive news flow expected as programs are progressed and milestones achieved

Contact Information

22

KLG – TSX.V and AIM

Contact Information:  Tony ManiniDeputy Chairman and CEOM: +61 3 8644 1300 E:   tony.manini@kalimantan.comW: www.kalimantan.com

23Rounded estimates – rounding may cause apparent computational discrepancies. Significant figures do not imply precision. Nominal lower Cu grade applied.

Appendix 1. Beutong Project – Mineral ResourceLarge Cu‐Au‐Mo deposit with higher grade core from surface 

Cu (%) Au (ppm) Ag (ppm)Mo 

(ppm)Cu (Mlb) Au (kOz) Ag (kOz) Mo (Mlb)

Measured East Porphyry 34 0.66 0.13 1.74 90 494 137 1,901 7East Porphyry 52 0.56 0.1 1.53 110 646 176 2,563 13

Skarn 7 0.7 0.28 5.84 8 101 59 1,234 0Measured Total 34 0.66 0.13 1.74 90 494 137 1,901 7Indicated Total 59 0.58 0.12 2.01 99 747 236 3,797 13

93 0.61 0.13 1.97 97 1,241 373 5,698 20Inferred Total 418 0.45 0.13 1.11 129 4,092 1,746 14,903 112

Indicated

Total Measured and Indicated

Beutong 2014 Resource Estimate (100% Basis) ‐ Report at 0.3% Cu Lower Cut

Classification (NI 43‐101)

MineralisationTonnes (Mt)

Grade Metal