KGL RESOURCES LIMITED — AGM Information 2007

May 23, 2007

Annual General Meeting May 2007

Presented by Hugh McKinnon 1999 - 24 May 2007

AGGW GGS 2006

1. Akbel dhil programme

2. Bashkol exploration

3. Alai Valley exploration

4. Project Generation

AREIDEIL Programme

Akbel Drill Programme

AThree dramond holes completed in 2006, three in 2007 to mid May.

· Now confident of being able to drill Hinough deep moraine cover

· Results of programme need detailed TRAVIEW

Bashkol Exploration

• OEfforts concentrated on known mineralisation at Kurgaktepehi to find exptensions beyond park boundary
• OKurgaktepchi remains an interesting target, but current location of park boundaries prevents further work
• OBfforts now to be concentrated on areas outside the current park boundaries

Alai Exploration

• Bast Koksu, Za-Alai and Alai Valley reconnaissance failed to produce results of greatfinterest
• a Some follow-tro work warranted on Bast Koksu and Za-Alai, PL's will be farmed OUTH DOSSIBIE

Polítical Developments

• *General population disaffected with "direct action" Redites
• OBtishess-friendly Printe Minister (Almazbek Alambaey Fitow in office
• · Working party established to draught new edition of Law on Underground Mineral Resources, private sector and World Bank adequately represented
• ONew Tax Code in preparation, lengthy consultative process involved