KGL RESOURCES LIMITED — Capital/Financing Update 2013

Dec 26, 2013

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27 December 2013

Sale of Murchison Gold Project

KGL Resources Limited (ASX code: KGL) is pleased to announce that a binding sale agreement has been executed to sell the Murchison Gold Project for a total cash consideration of $15m.

Completion of the transaction is conditional on obtaining approval from the Foreign Investment Review Board and several other conditions which are normal for a transaction of this type. Completion of the transaction is expected in early February 2014.

Funds from the sale of the Project will be used to continue the exploration and development of the Jervois copper project in the Northern Territory.

For further information contact:

Mr Simon Milroy Managing Director Phone: (07) 3071 9003

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