KGL RESOURCES LIMITED — Capital/Financing Update 2011

Apr 20, 2011

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----- Start of picture text ----- Kentor Gold LtdACN 082 658 080----- End of picture text -----

21 April 2011

Kentor Gold Limited (ASX: KGL) is an Australian-based company formed in 1998 as a specialist gold explorer. The Company was listed on the Australian Securities Exchange in 2005 and has diversified into exploration and development of gold, geothermal energy and base metals in Central Asia where it has highly regarded, established local management. Kentor Gold owns 80% of the Andash Gold-Copper Project which is under development in the Kyrgyz Republic and is targeted to produce annually 70,000 oz gold and 7,400 tonnes copper in concentrate.

Cancellation of Options

Kentor Gold Limited advises the cancellation of 1,000,000 unlisted options with an expiry date of 04/06/2015. The cancellation has resulted from the resignation of an employee.

For further information contact:

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

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Issued capital:

1,061.6 million ordinary shares 58.6 million unlisted options

Market Capitalisation

(21 Apr. 2011): $153 million