KGL RESOURCES LIMITED — Capital/Financing Update 2008

May 29, 2008

ASX / MEDIA RELEASE

30 May 2008

==> picture [89 x 81] intentionally omitted <==

KENTOR GOLD LTD

ACN 082 658 080

Request for Trading Suspension

Kentor Gold Limited (ASX Code: KGL) advises that it is currently undertaking a placement as approved by shareholders at the recent AGM.

The placement building process is yet to be completed and as such the Company requests that trading in its shares be suspended until the open of trade on Tuesday 3[rd] June 2008 or the earlier completion of the placement. An announcement will be made at this time detailing the results of the placement.

Kentor Gold is not aware of any reason why its shares should not be suspended from trading.

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

1

www.kentorgold.com.au