KGL RESOURCES LIMITED — Capital/Financing Update 2013

Apr 30, 2013

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Kentor Gold Ltd

ACN 082 658 080

1 May 2013

Australian‐based Kentor Gold Limited (ASX: KGL) is progressing a pipeline of advanced and exploration projects in Australia and the Kyrgyz Republic.

They include:

The Jervois Copper‐Silver‐Gold Project in the Northern Territory where studies are under way into the early start‐up of a high grade copper‐ silver resource with potential for gold, magnetite and other base metals.

The Murchison Gold Project in Western Australia where mining has been suspended.

Kentor Gold sale of Andash Project

 Focus on Australian projects

Kentor Gold Limited (“Kentor Gold” or “the Company”) has signed a binding term sheet with Robust Resources Limited (“Robust”) (ASX:ROL) for the sale of the Andash Project. The consideration payable under the agreement is:

 AUD1 million deposit payable immediately

 AUD14 million payable on completion

The transaction is subject to shareholder approval; completion of due diligence; any approvals required under the ASX Listing Rules and the Corporations Act; and Robust raising sufficient funds to complete the transaction. The transaction is targeted to be finalised by the end of June.

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Issued capital:

140.0 million ordinary shares 4.7 million unlisted options

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Andash is an advanced gold-copper project with indicative low operating costs in the Kyrgyz Republic

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The board of Kentor Gold has taken a strategic decision to focus on the exploration and development of the potentially large and financially robust Jervois copper-silver-gold project (Northern Territory), that is subject to a feasibility study.

Having secured funding at the corporate level, Kentor will now focus on the re-instatement to trade of Kentor shares. A timetable will be released in the coming days.

For further information contact:

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