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KLG Presentation Oct08

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    Exploring Resource Rich Indonesia

    Kalimantan Gold CorporationGerald Cheyne, Director Corporate Development

    October 2008

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    Kalimantan Gold

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    Disclaimer

    General Disclaimer

    Kalimantan Gold Corporation Limited "KLG" has taken all reasonable care in producing and publishing informationcontained in this presentation. Material in this presentation may still contain technical or other inaccuracies, omissions, or typographical errors, for which KLG assumes no responsibility. KLG does not warrant or make any representationsregarding the use, validity, accuracy, completeness or reliability of any claims, statements or information in thispresentation. Under no circumstances, including, but not limited to, negligence, shall KLG be liable for any direct, indirect,special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material on this site. The information is not a substitute for independent professional advicebefore making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information in this presentation, except for personal use unless you have obtained our expresspermission.

    No stock exchange has reviewed the information in this presentation and no stock exchange accepts responsibility for theadequacy or accuracy of it.

    This presentation contains information about adjacent properties on which we have no right to explore or mine. Weadvise U.S. investors that the SEC's mining guidelines generally prohibit information of this type in documents filed withthe SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral depositson our properties.

    Forward-Looking Statements

    This presentation contains forward-looking statements, including but not limited to comments regarding predictions andprojections. Forward-looking statements address future events and conditions and therefore involve inherent risks anduncertainties. Actual results may differ materially from those currently anticipated in such statements.

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    Kalimantan Gold

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    GoldEast Kalimantan

    Copper Central Kalimantan

    CoalEast Kalimantan

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    Kalimantan Gold

    Samarinda

    Balikpapan

    Palangka Raya

    Tarakan

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    Replacing oil as an energy source

    80% of Chinas and Indias electricity

    Indonesia largest thermal coal exporter

    60% from East Kalimantan -oo a world hot spot for coal

    Demand has produced

    oo sharp price increases

    GoldEast Kalimantan

    Copper Central Kalimantan

    CoalEast Kalimantan

    Coal

    Options over 9 coal concessions

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    Kalimantan Gold

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    CoalOption Agreement with Mesra Group

    9 concessions totaling,,, 32,545ha

    Located in areas where coal,,, occurrences known to exist

    Some adjacent to, or along,,, strike, from existing mines

    Some within 7 km of port,,, facilities

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    Kalimantan Gold

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    CoalKalimantan Gold

    CoalOption Agreement terms

    Option period to 12 th Jan 2009 j

    Upon option exercise: Mesra 25%, KLG 70% and GMT 5%(incentive shares)

    j

    Upon decision-to-mine, bonus payment to Mesra based onJORC reserve tonnage

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    Kalimantan GoldProspect locations in relation to major mines Coa l

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    Kalimantan Gold

    Coal

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    CoalSurveys and drilling confirm coal potential

    Work underway in association with GMT Indonesia which managesseveral coal exploration projects in Kalimantan

    Field Surveys completed on 9 concessions

    7 holes drilled at PT Emas Hitam Coalhindo, Mandul Island, withmultiple seams to four meters thick, confirm significant, commercialthermal coal occurrences

    High calorie coal showings at PT Central Indo Coal and PT TenjinSejahtera concessions. Starting early October, 6 holes will be drilledin each of these

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    Kalimantan Gold

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    Mandul Island :

    further drilling to increase resource potential three additional concessions totalling 8,000 ha are under application

    PT Central Indo Coal and PT Tengin Sejahtera concessions :

    drilling to test prospective areas for their resource potential

    Surveys and evaluations underway on several near

    b production projects

    Exercise options and develop coal resource

    CoalThe Coal Opportunity

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    Kalimantan Gold

    SamarindaBalikpapan

    Palangka Raya

    Tarakan

    Jelai

    10

    Jelai Gold Project

    Previously explored by Ivanhoe

    Mines (Indochina) 12 prospects over 5,000 ha

    only one drilled

    Work to date confirms potential

    for a major resource

    Jelai epithermal gold project

    GoldEast Kalimantan

    Copper Central Kalimantan

    CoalEast Kalimantan

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    elai project prospect areas Gold

    12 prospects

    Low sulphidationnepithermal vein systemnstyle of mineralization

    Right geological setting,nie sediments andnvolcanics intruded byndacite porphyries

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    Kalimantan GoldMewet Vein System - completed and planned drilling Gold

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    Kalimantan Gold

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    Hole From To Metres Au g/t Ag g/t

    JM011 26.3 28.4 2.1 6.9 16

    JM012 57.0 58.7 1.7 11.1 10

    JM013 38.3 40.2 1.9 7.5 13

    JM015 67.5 69.0 1.5 7.3 14

    JM015 69.3 70.8 1.5 7.4 20

    JM018 115.0 119.5 4.5 6.4 8

    JM019 185.1 191.2 6.1 5.7 15

    JM024 58.1 59.4 1.3 8.4 3

    JM024 60.7 60.9 0.1 54 18

    Mewet Prospect - Ivanhoe drilling

    26 holes over 4000 m,,, depths to 200 m

    Bonanza grades to,,, 54g/t gold

    Less than 5% of 5 km strike,,, length drilled

    Gold

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    Mewet Prospect sample KLG drilling Gold

    73 holes drilled over ,,, 6500m ,,,

    4 rigs working 24/7

    Drilling includes,,, Bonanza mineralization,,, of 0.75m @ 62.3 g/t,,, Au 256 g/t Ag

    Deep drilling underway5.05

    13.80

    2.74

    14.60

    2.707.50

    4.20

    11.03

    81.19256.00

    Ag g/tHole From To Metres Au g/t Vein

    JCM-69including

    22.7522.75

    28.7523.50

    6.000.75

    15.8462.27 Mewet

    JCM-68 36.65 39.10 2.45 4.45 Mewet

    JCM-27 12.55 18.50 5.95 2.15 Sembawang

    CentralJCM-26includes

    42.0043.40

    47.2044.60

    5.201.20

    5.6017.33

    SembawangCentral

    JCM-13 32.00 36.75 4.75 10.43 SembawangSouth

    JCM-50 26.45 34.50 8.05 4.52 Lipan

    JCM-38includes

    21.9523.45

    27.3524.95

    5.401.50

    11.7430.68 Lipan

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    Comparing Vera-Nancy and Mewet veins

    Mewet vein system comparable in scale to Vera-Nancy, part of thePajingo mine in northeastern Australia

    Mewet gold shoot is open north, south down dip

    Vera-Nancy production to date: 2.3M Oz

    Gold

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    Comparing Vera-Nancy and Mewet veins Gold

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    Work to date confirms potential for ,,, a major resource

    Extensive scout drilling has,,, produced highly encouraging,,, results and targets for deeper ,,, drilling

    4 rigs working 24/7

    Estimated initial inferred,,, resource by end of 2008

    Jelai - Summary Gold

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    Kalimantan Gold

    Samarinda

    Balikpapan

    Palangka Raya

    Tarakan

    KSK Contract of Work (CoW)

    941 km2

    Summary of exploration work since1997:

    38 prospects identified 265 km of IP and magnetic surveys

    35,558 m of drilling Nearly 20,000 samples sent for

    analysis

    GoldEast Kalimantan

    Copper Central Kalimantan

    CoalEast Kalimantan

    KSK CoW

    KSK Contract of Work (CoW)

    941 km2

    Summary of exploration work since1997:

    38 prospects identifed 265 km of IP and magnetic surveys

    35,558 m of drilling Nearly 20,000 samples sent for

    analysis

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    Kalimantan GoldKSK Contract of Work

    . mineralisation shows similarities with thatwhich occurs in similar arc-related settings inIndonesia and the south-west Pacific, which areknown to host economically significant copper deposits.SRK Competent Persons Report, 2006

    Copper

    Large scale intense copper

    mineralisation over 38prospects

    Beruang Kanan 167m @0.59% Cu

    Baroi 83m @ 2.64% Cu NorthMansur

    Mansur

    BAROI

    FEZ

    DangoiKalang

    Volcano

    Tumbang Huoi

    Focus 1

    Kalang

    Low ZoneGold Zone

    Beruang Tengah

    BERUANG

    Beruang South

    DerajoiMamuring

    Nabalang

    Rinjen

    Liang Bulau II Liang Bulau I

    Sama Tuan

    Copper Prospect

    Gold Prospect

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    Kalimantan GoldKSK: sample Baroi prospect drill resultsCopper

    Hole From To Meters Cu (%) Pb (%) Zn (%) Ag(g/t) Au(g/t)

    BF-4 52.75 76.75 24.00 1.53 0.25 2.27 28.6 0.13

    BF-5 2.45 85.45 83.00 2.64 0.62 1.85 61.1 0.22

    Incl. 40.45 64.45 24.00 5.08 0.04 1.24 88.5 0.02

    BF-9 6.80 36.80 30.00 2.18 0.07 0.37 53.7 0.05

    BF28/030 1.00 42.85 41.85 3.18 0.99 1.85 101 0.16

    Incl. 1.00 12.05 11.05 11.05 1.64 2.55 296 0.24

    BF29/033 27.95 64.90 36.95 0.73 1.08 0.02 144.7 0.23

    BF040 36.30 67.30 31.00 1.04 0.59 2.9 29.6 0.17

    BF0048 154.50 184.50 30.00 1.1 0.2 0.8 29.4 0.02

    The Baroi Central Zone prospect has produced significant drill results and contains a number of untested targets according to a Jan 2008 report by Dr Peter Pollard

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    Copper KSK summary

    Discovered a new copper porphyryprovince

    Limited Oxiana program has leftsubstantial untested potential

    KLG currently seeking jv partner that willcommit funds for a thorough programme

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    Community Development our social license

    Working in advance of mining to foster good relationships & strengthen

    local capacity using a Hand Up approach Building local capacity to self manage,,, village development

    Linking villages with local government,,, services

    Link donor agency support to the needs,,, of communities

    Providing technical support to improve,,, livelihoods

    Programs currently operating in 24,,, villages

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    Directors and Senior Management

    Murray ClaphamChairman

    RahmanConnelly

    Deputy Chairman,CEO

    Peter BojtosDirector

    DorisMeyer

    CFO

    Gerald CheyneDirector CorporateDevelopment

    Mansur Geiger

    VP Exploration

    BrettGunter TechnicalAdvisor,Jelai

    Nick CottamCorporateRelationsManager

    Dr Peter PollardTechnicalAdviser

    Bardolf PaulCommunityDevelopment

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    In summary the KLG opportunity

    CoalEast Kalimantan

    Option over 9 concessions Coal confirmed - quick to production

    GoldEast Kalimantan

    Significant intercepts resource estimate by end 2008

    Copper Central Kalimantan

    Potential for large porphyry seeking a new JV partner

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    Kalimantan Gold

    KalimantanInvestmentCorporation

    Management

    Retail andInstitutionalHolders

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    Share Structure

    AIM & TSX.V code: KLG

    Shares outstanding 75.0 millionWarrants 650,000Options 6.9 millionFully diluted 82.5 million

    Note: KGC is acquiring 25% of KSK CoW from Kalimantan InvestmentCorporation in exchange for 20 million shares

    K li G ld

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    Contact

    Gerald Cheyne,Director Corporate DevelopmentOffice +44 (0) 2077311806Mobile +44 (0) 7717473168Email: [email protected]


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