KGL RESOURCES LIMITED — Capital/Financing Update 2014

Feb 20, 2014

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21 February 2014

Sale of Murchison Gold Project

KGL Resources Limited (KGL) advises that the sale of the Murchison Gold project has settled. As announced in Dec 2013, KGL has received cash consideration of $15 million for the West Australian gold project.

In addition to using the funds to continue the exploration and development of the Jervois copper project in the Northern Territory, KGL has contributed $1 million, on top of the $3million paid in 2013, to the creditors of Kentor Minerals (WA) Pty Ltd via the Deed of Company Arrangement (DOCA) fund. This has finalised all KGL’s obligations under the DOCA.

For further information contact:

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

About KGL Resources

KGL Resources Limited is an Australian mineral exploration company focussed on increasing the high grade Resource at the Jervois Copper-Silver-Gold Project in the Northern Territory and developing it into a multi-metal mine.