Adviser Change of Name

9 November 2012

Kolar Gold Ltd

Adviser Change of Name

Kolar Gold Limited ("Kolar Gold" or the "Company"), the Indian focused gold exploration and mine development company, announces that is has novated its Nominated Adviser and Broker agreement with Singer Capital Markets Limited to Nplus1 Singer Advisory LLP ("N+1 Singer") with immediate effect. This follows the completion of the merger between Singer Capital Markets Limited and N+1 Brewin LLP.

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About Kolar Gold Limited:

Kolar Gold is an Indian gold exploration and development company, listed on the AIM market (Ticker: KGLD) that has an experienced international board and strong local partners.

KGL has rights to explore and develop one prospecting licence and 13 further licence applications in the Kolar Gold Belt, an 80 kilometre long Archaean Greenstone Belt, in Southern India. The Kolar Gold Belt is one of the most prospective underdeveloped Archaean Greenstone Belts in the world and is regarded by Mr Andrew J Vigar of Mining Associates Limited, the Competent Person, as comparable to the Archaean Greenstone Belts of South Africa, Canada and Western Australia which have similar geology, structure and style of mineralisation. This project area includes 32 known mineralised prospects and covers 568 square kilometres in the southern states of Andhra Pradesh, Karnataka and Tamil Nadu. KGL commenced exploration on the first Prospecting Licence in South Kolar in February 2011.

KGL is also jointly pursuing, with the mine employee unions, the acquisition and revival of the neighbouring historic Kolar Gold Fields which has produced 25 million ounces of gold at 15.9 grams per tonne over 120 years until closure in 2001.