KGL RESOURCES LIMITED — M&A Activity 2011

Mar 31, 2011

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ACN 007 761 186 ABN 88 007 761 186

ASX RELEASE KENTOR GOLD LTD BID FOR JINKA MINERALS LTD 01 APRIL 2011

Kentor Gold Ltd (ASX Code: KGL) has advised the Market of its intention to make a cash bid for all of the securities of unlisted explorer Jinka Minerals Ltd. Intermin Resources Ltd is the largest holder of Jinka shares and options holding 10.49 million shares and 10.49 million options or 35% of the issued shares and options in Jinka.

At the offer price Intermin’s holdings have a value of $2.94 million.

Intermin has entered an agreement with Kentor to accept the Kentor offer to the extent of 5,942,308 Jinka shares, being 19.9% of the issued fully paid shares in Jinka ($1,158,750). The Directors of Jinka Minerals Ltd which include Intermin’s Director Michael Ruane recommend that in the absence of a superior bid the Jinka shareholders accept the Kentor bid.

Current cash position of Intermin following completion of the rights issue this week but prior to any sale of Jinka securities was $4.0 million.

Yours faithfully

Bianca Taveira Company Secretary

159 Stirling Highway NEDLANDS WA 6009

PO Box 1104 NEDLANDS WA 6909

Telephone +61 8 9386 9534 | Facsimile +61 8 9386 9473 | Email iadmin@intermin.com.au