KGL RESOURCES LIMITED — Capital/Financing Update 2009

Oct 11, 2009

ASX / MEDIA RELEASE

12 October 2009

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KENTOR GOLD LTD

ACN 082 658 080

SHARE PURCHASE PLAN EXTENSION

Kentor Gold Limited (ASX code: KGL) (Kentor or the Company) is extending the closing date of its Share Purchase Plan (SPP) to the 23[rd] October 2009. The extension will increase the opportunity for shareholders to participate in the SPP

There has been an increased level of interest in the SPP following the Company ’ s ASX announcement on 8 October 2009 in relation to the Andash Gold-Copper Mining Project.

As announced at that time, the Government of the Kyrgyz Republic has declined to take up its pre-emptive right to acquire the Andash gold copper project. This clears the way for the Kentor Gold to exercise the option to purchase 80% of the Andash project from Aurum Mining Plc.

The high grade, low cost project is targeted for production in 2011 at the average annual rate of 60,000 oz gold and 5,000 tonnes copper for eight years.

The Kyrgyz Republic is a significant gold producer from mining operations that include the world class Kumtor mine.

Andash is located in the Tien Shan Gold Belt, one of the world ’ s major gold provinces spanning central Asia.

About the Company:

Kentor Gold Limited (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 has diversified into exploration for gold, geothermal energy and base metals in Central Asia, where it has highly regarded, established local management.

Kentor is working towards the development of two gold mines in the Kyrgyz Republic:

• Andash, targeted for production in 2011 at the currently planned rate of 60,000 oz gold and 5,000 tonnes copper per year for eight years - Kentor has an option to purchase an 80 per cent interest; and

• Savoyardy, proposed to commence in 2010 at the initial rate of 10,000 oz gold per year for a minimum three years subject to final decision later this year - Kentor has an option to purchase 100 per cent of the project.

For further information contact:

Mr Simon Milroy Managing Director Phone: (07) 3121 3206 or 0448 851575 Email: info@kentorgold.com.au

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