KGL RESOURCES LIMITED — Capital/Financing Update 2013

Jul 10, 2013

Kentor Gold Limited

www.kentorgold.com.au

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11 July 2013

Company Update – Deed of Company Arrangement

Kentor Gold Limited (“Kentor” or “the Company”) is pleased to announce that it's proposed Deed of Company Arrangement (DOCA) was accepted at a meeting of creditors of Kentor Minerals (WA) Pty Ltd (KMWA).

Under the terms of the DOCA the Company agrees to,

• Contribute $3 million into a DOCA fund for the benefit of KMWA employees and creditors.

• Not participate in any dividend from the DOCA fund.

All creditors’ claims against KMWA will be extinguished.

Control of KMWA and all its assets will revert to the Company upon payment of the contribution into the DOCA Fund.

The DOCA makes provision for a further DOCA fund contribution by the Company in the event that a sale of Murchison plant and equipment and tenements is achieved by the 31 December 2013.

The DOCA is subject to Kentor completing the sale of Andash to Robust Resources, which in turn is reliant on shareholder approval at the Company’s Annual General Meeting scheduled for the 8th August 2013.

The Company will recommence trading on the ASX this morning. The Company confirms that it is in compliance with the Listing Rules, in particular Listing Rule 3.1.

For further information contact: Mr Simon Milroy Managing Director Phone: (07) 3071 9003

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