KGL RESOURCES LIMITED — Capital/Financing Update 2008

Aug 18, 2008

ASX / MEDIA RELEASE

19 August 2008

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KENTOR GOLD LTD

ACN 082 658 080

Cancellation of Unlisted Options.

Kentor Gold Limited (ASX Code: KGL) advises that 266,667 unlisted options have expired and have been cancelled by the company. The options had and exercise date of 1 July 2008 and exercise price of 75c.

For further information contact:

Simon Milroy Managing Director Kentor Gold Ltd Phone: + 61 (0) 7 3121 3206 Mobile: + 61 (0) 448 851 575

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