KGL RESOURCES LIMITED — Capital/Financing Update 2012

Jul 26, 2012

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27 July 2012

Australian-based Kentor Gold Limited (ASX: KGL) is entering the ranks of operating gold mining companies in 2012. The Company is progressing a pipeline of advanced projects in Australia and the Kyrgyz Republic.

The Murchison Gold Project in Western Australia -scheduled to commence high grade gold mining at the Burnakura plant in mid-2012, with the potential to add goldcopper production from the neighbouring Gabanintha deposit.

Rights Issue Offer Documents

Kentor Gold Limited (“Kentor Gold” or “the Company) advises that Rights Issue Offer Documents have been despatched to eligible shareholders today.

If you have any queries, please call the Kentor Gold Shareholder Information Line on 1300 366 176 or for international callers, +61 2 8280 7420, Monday to Friday between 8.30 am and 5.30 pm (AEST).

The high grade, very low cost Andash Gold-Copper Project in the Kyrgyz Republic – development-ready, awaiting site access and targeting 2013 to commence production at 70,000 oz gold and 7,400 tonnes copper pa for an initial six years, with high potential for expansion.

The Jervois Copper-Silver-Gold Project in the Northern Territory – targeting 2014 startup following current studies into developing the high grade copper-silver resource with potential for gold, magnetite and other base metals.

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Issued capital:

150.4 million ordinary shares (including proposed rights issue) 5.8 million unlisted options