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Issue of Equity

11th Apr 2007 09:06

Issue of Shares

Kalimantan Gold Corporation Limited (the "Company") has issued 425,000 new common shares in the company to RFC Corporate Finance Ltd as part consideration for its services as Nominated Advisor provided in relation to the Company's admission to AIM in December 2006.

The Company now has a total of 58,350,784 common shares on issue.

For further information please contact:

Rahman Connelly

Deputy Chairman and CEO, Kalimantan Gold

Telephone: +61 7 552 32298

+61 418 116 955

Email: [email protected]

KALIMANTAN GOLD CORPORATION LTD

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