KGL RESOURCES LIMITED — Capital/Financing Update 2008

May 27, 2008

ASX / MEDIA RELEASE

28 May 2008

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KENTOR GOLD LTD

ACN 082 658 080

Request for Trading Halt

Kentor Gold Limited (ASX Code: KGL) has requested an immediate halt to trading in its shares pending the release of a material announcement.

Kentor Gold is in the process of negotiating the terms of a placement as approved by shareholders at the company ’ s AGM (22/05/08).

It is expected that the company will recommence trading by 10am Friday 30[th] May 2008.

Kentor Gold is not aware of any reason why the trading halt should not be granted.

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