KGL RESOURCES LIMITED — Board/Management Information 2007

May 7, 2007

KENTOR GOLD LIMITED ABN 52.082.858.080

Corporate Office Level 3, 15 Queen Street Melbourne Victoria 3000 www.kenforgold.com Tel: +61 (3) 9621 1344 Fax: +61 (3) 9621 1544 E-mail: info@kentorgold.com

Kyrgyz Republic 235/2 Erkindik Prospect 720739 Bishkek

+996 (312) 621 389 Tel: Fax: +996 (312) 665 759 E-mail: kentor2@mail.kg

ASX ANNOUNCEMENT

8 May 2007

APPOINTMENT OF NEW MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER

Kentor Gold Limited ("Kentor") is pleased to announce the appointment of Mr Simon Milroy as its new Managing Director and Chief Executive Officer, which appointment is to take effect as from Monday 14 May 2007.

Simon Milroy 40, is a Mining Engineer who most recently spent nearly 4 years as General Manager - Project Development and Manager Technical Services for Pan Australian Resources Limited in Laos. In those roles he was responsible for scoping and feasibility studies, evaluations of projects and companies, ore reserves and technical support of the companies operations. During that period key achievements were managing the feasibility studies and environmental and social impact assessments for the Phu Bia gold mine and the Phu Kham copper-gold mine.

Earlier in his career, Simon held senior management roles with Padaeng Zinc and Kingsgate Consolidated, both in Thailand, following on from a range of technical and supervisory positions at various base metal and gold mines throughout Australia.

Simon has a Bachelor of Engineering - Mining Engineering from the University of South Australia, holds a First Class Mine Managers Certificate of Competency for Queensland and Victoria and is a Member of the Australasian Institute of Mining & Metallurgy.

Mr John Barr, Chairman of Kentor Gold Limited, noted that "the appointment of Simon to spearhead the growth and diversification of Kentor's portfolio of exploration projects is another very important step for the Company. Simon is very well equipped to ensure that Kentor quickly advances its new geothermal licence areas in Kyrgyzstan and its uranium application areas in the Dunmarra Basin of the Northern Territory, as well as progressing the Company's flagship Akbel gold project and seeking more advanced projects in Central Asia. The appointment of Simon and Kentor's new projects in particular, herald the revitalization of the Company."

Company background: Kentor Gold Ltd is a listed Australian (ASX code "KGL") specialist gold explorer currently focussed on the highly prospective Tien Shan belt in the Kyrgyz Republic in Central Asia. Kentor is undertaking an aggressive gold exploration program around the Centerra owned Kumtor gold mine together with an active and successful project generation program elsewhere in the Kyrgyz Republic. For further information on Kentor visit www.kentorgold.com