KGL RESOURCES LIMITED — Capital/Financing Update 2009

Sep 24, 2009

ASX / MEDIA RELEASE

25 September 2009

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KENTOR GOLD LTD

ACN 082 658 080

Share Purchase Plan

Kentor Gold Ltd (ASX Code: KGL) is pleased to offer its shareholders the opportunity to participate in a Share Purchase Plan (SPP). Participation in the plan is voluntary but will allow shareholders to purchase up to $15,000 in Kentor shares at the same price recently offered to institutional and sophisticated investors (9c per share)

The principle terms of the SPP will be as follows

Issue Price of Shares $0.09 per share Investment alternatives $2,000 (22,222 shares), $5,000 (55,555 shares), $10,000 (111,111 shares) or $15,000 (166,666) shares Record Date 24 September 2009 Opening Date 30 September 2009 Closing Date 16 October 2009

The maximum number of shares per eligible shareholder will be 166,666. The issue price represents a 11.5% discount on the 5 day volume weighted average (VWAP) of Kentor ’ s shares prior to this announcement.

Full documentation will be distributed to shareholders on 30[th] September 2009.

Mr Simon Milroy, Kentor ’ s Managing Director, said “ This is an excellent opportunity for Kentor ’ s existing shareholders to participate in the Company ’ s future as we progress the evaluation of ” the Andash Gold-Copper project and the development of the Savoyardy Gold project. .

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 considering the development of two gold mines in the Kyrgyz Republic.

• At Andash over which Kentor has an option to purchase an 80% interest, and

• At Savoyardy over which Kentor has an option to purchase 100% of the project.

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 11-12/92 Kievskaya Street , Bishkek Kyrgyz Republic 720026 Phone: +996 312 660 280

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www.kentorgold.com.au