KGL RESOURCES LIMITED — AGM Information 2005

Nov 23, 2005

Annual General Meeting 2005

manananananananana atao ang ing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Presented by David Royle 24 November 2005

.......................................

Key Peñomance Indicators = 2005 Review

Occupation Health & Salety.

• No sichificant lost time indiciants reprorted 0
• Issues of adaptation to working at altitude 2

Environment:

O No environmental breaches reported

Key Penomance Indicators 12005 Review

Financial Patronna

GAU Adual Excendiure (at 31/10/05) 2600 887 BUGGGI $\overline{\textbf{O}}$ Wariance Cash at hand (at 31/12/05 – est.) 8300

K KENTOR GOLD LTD

MANAGEMENT AND LONG	UU UU UU UU UU UU UU	11111111111111111111111111111111111111
				THE COMMUNISTIC ORDER
					Kentor Share Price

Key Performance Indicators - 2005 Review Exploration Highlights

4 projects upgraded.

• 8 Erresh – Drilling confirms Kumtor mine stratigraphy & structures extending into Kentor ground at Akbel. MMI soil extensions identified more interesting targets along the Kumtor Trend
• 73 Uzunbulak – Porphyry Cu-Au targets defined & ready for drilling
• FA Barkol – New zone of outcropping high grade Au-Cu mineralisation Totalings
• Karabalta High grade Au and base metal veins identified at Jarkonush 79 and conerent Au drainage anomalies secured with tenement

Kentor Tenente – November 2005

Key Performance Indicators - 2005 Review Exploration Highlights

4 projects downgraded.

• Bakaitash results of reconnaissance sampling returned 11 disappointing results & potential for porphyry Cu-Au systems downoradad
• 2 Karasu – large mineralised systems sought not indicated
• K. Kensu – reconnaissance rock sampling returned negative results and evidence of Kumtor-style system lacking
• Sulyukta conceptual porphyry Cu-Au system not confirmed by Z field follow up

Key Performance Indicators - 2005 Review Project Generation

KEYS TOTHE COMPANYS RAPID SUCCESS TO DATE

• Focus on Southern Tien Shan in Osh-Batken an extension of the O World class Tien Shan Au and Cu/Au Bell
• Multilayer CIS target ceneration approach n
• Substantial proprietary historical dataset being applied giving n competitive edge

Key Performance Indicators - 2005 Review Project Generation

• Mineralized systems located on open ground C
• Targets are of the style anticipated O
• 22 targets out of 70 identified C
• Full assessment of results pending O

KENTOR GOLD LTD

2005 Genetetive Program

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Key Performance Indicators - 2005 Review Project Acquisition/Business Development

• Kentor is looking for potential cash generators both in the Kyreyz Republic and elsewhere in central Asia & Eastem Europe (Kazakhstan, Mongolia & Turkey)
• $\sim$ 19 projects outside the company's renements evaluated $$ none attractive enough to warrant acquisition - the search Continues

O

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Ufocate on Entsh Project

• Planned 3,000m drill program (approx 3 holes) commenced early October
• Total 3 holes completed for 804m; RC pre-collar + Ciemonolieil
• Technical challenges drilling through glacial moraine n and oamairost
• Progress slow but coping well with the challenges O
• Antiologie 4 to 5 holes completed by end of vegr Г
• Program will continue after break in January 2006 г

Update on Ertash Profect

• DD001: intersected younger overlying units weakly pyritic and without cold
• DD002: intersected Vendian sediments equivalent to the Kuntor mine sequence under shallow moraine cover of 50m. Strong evidence of mineralising ilutes - fault structures. Hole to be extended and results awaited
• DD003: intersected black pyritic shale target horizon under 150m of moraine overburden - Results awaited

Eřtash Project-Akbel Dril Hole Locations

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KENTOR GOLD LTD

Akbel Drill Core - D002

Interbedded siltstone & shale with pyrite-carbonate nodules and bedded pyrite

Examples of pyrite developed in tightly eleaved shale and silistone

Updateton, Ertash Project MMI Soil Geochemistry

New extension sampling revealed several new anomalies

• NE Akbel larger and more coherent anomalies
• SE Akbel about 7km semi-continuous Au±Bi±W anomaly could this could be an extension of the Kumtor Trend?

Results add evidence of repeatability of MMI technique Furing soil geochemistry as well as extensions to the IP coverage planned for 2006

KENTOR GOLD LTD

Update on Ertash Project Erfash Camp Site - Winterisation

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O

KENTOR GOLD LTD

Our People

• Extentor's Board of Directors & management deliver a strong balance of exploration, mining and corporate expertise
• Kentor welcomes on board Julian Bartiett who takes on the role as Exploration O Managed
• Global Ore Discovery and AUSMEC Geoscience of Brisbane continue to provide O consulting work including state-of-the-art target generation
• Productive partnership with Kyrgyz Geophysical Expedition continues providing
  excellent logistical and technical support & access to historical data □
• Australian and Kyrgyz Soviet-trained geoscientists pooling expertise in O Synergistic and productive relationship
• I would like to acknowledge the tremendous effort of the entire team over the last П year often undertaken in challenging conditions

Outlook for next 12 months Growth Opportunities

• Continue to drill extensions of the highly prospective Kumtor Trend into the Akbel area - up to 5,000m depending on results
• Evaluate other Ertash prospects and bring to drill stage m
• Initial drill testing of both Uzunbulak and Barkol O
• Detailed evaluation of best targets at Karabalta n
• Continue target generation work in Kyrgyz Republic for world class gold and O CODDEL-COIC CEPOSItS
• Continue to seak and acquire gold project in other selected parts of Central Asia n and Eastern Europe to lessen dependence on one geographic location