Kalimantan Gold Reports CEO Buys Shares

   Kalimantan Gold Corporation Limited (the "Company") (TSX VENTURE: KLG)(AIM: KLG) 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.

About Kalimantan Gold

Kalimantan Gold Corporation Limited is a junior exploration company listed on both the TSX Venture Exchange in Canada and on AIM in London. The Company has two exploration projects in Kalimantan: the Jelai epithermal gold project in East Kalimantan (which has been optioned to Tigers Realm Minerals) and the KSK Contract of Work in Central Kalimantan with multiple porphyry copper and gold prospects (which has been optioned to Freeport).

RFC Corporate Finance Ltd acts as KLG's Nominated Adviser for the purposes of its AIM listing, contact Stuart Laing, ph: [phone] or email: [e-mail].

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Kalimantan Gold Corporation Limited Faldi Ismail Deputy Chairman and CEO Mobile: [phone] [e-mail] Kalimantan Gold Corporation Limited Gerald Cheyne Director Corporate Development [phone] or Mobile: [phone] [e-mail] www.kalimantan.com Alexander David Securities Limited Bill Sharp/ David Scott [phone]