Kalimantan Gold Reports CEO Buys Shares

   Kalimantan Gold Corporation Limited (TSX VENTURE: KLG)(AIM: KLG) (the "Company") wishes to advise that Faldi Ismail, the Deputy Chairman and Chief Executive Officer and a director of the Company has bought 991,000 shares of the Company through the TSX Venture Exchange at a price of CDN$0.065 per share. Following this purchase, Mr Ismail now holds a total of 5,421,000 shares (3.3% 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 and the KSK Contract of Work in Central Kalimantan with multiple porphyry copper and gold prospects. For further information please visit www.kalimantan.com.

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 Faldi Ismail Deputy Chairman and CEO Mobile: [phone] [e-mail] Kalimantan Gold Gerald Cheyne Director Corporate Development [phone] or Mobile: [phone] [e-mail] www.kalimantan.com Alexander David Securities Limited Bill Sharp/ David Scott [phone] KLG's Nominated Adviser RFC Corporate Finance Ltd Stuart Laing [phone] [e-mail]