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KGL RESOURCES LIMITED Capital/Financing Update 2008

Dec 1, 2008

65179_rns_2008-12-01_12371590-4d3e-4288-9529-2c259f43d5fb.pdf

Capital/Financing Update

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ASX / MEDIA RELEASE

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KENTOR GOLD LTD

2 December 2008

ACN 082 658 080

Cancellation of Options

Kentor Gold Limited (the Company) announces the cancellation of 900,000 unlisted options following the resignation of an employee.

About Kentor Gold

Kentor Gold Ltd (ASX Code: KGL) is an Australian-based company formed in 1998 as a specialist gold explorer. The Company was listed on the Australian Securities Exchange (ASX) in March 2005 and today is a diversified, international explorer with gold, geothermal and base metals exploration assets in Central Asia.

Kentor Gold’s vision is to build wealth for shareholders through project acquisition, exploration, development and production.

For further information, visit our website at www.kentorgold.com.au or contact:-

Simon Milroy Managing Director Kentor Gold Ph +61 7 3121 3206 [email protected]

Registered Office Level 36 Riparian Plaza, 71 Eagle St Brisbane 4000 Phone: 61 (0) 7 3121 3206

Kyrgyz Republic Office 235/2 Erkindik Prospect, Bishkek Kyrgyz Republic 720739 Phone: +996 312 621 389

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www.kentorgold.com.au