KGL RESOURCES LIMITED — Share Issue/Capital Change 2009

Dec 17, 2009

ASX / MEDIA RELEASE

18 December 2009

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KENTOR GOLD LTD

ACN 082 658 080

Section 708A Notice - Share Issue

Kentor Gold Ltd (ASX Code:KGL) advises that following a placement of 215.4 million fully paid ordinary shares, the current issued capital of the Company comprises:

• 393,011,481 fully paid ordinary shares

• 12,100,000 unlisted options.

The Company relies on section 708A(5) of the Corporations Act 2001 (Act) in respect of the issue of the shares.

The Company gives notice under paragraph (5) (e) of section 708A of the Act that:

1. The Company issued the shares without disclosure to the placees under Part 6D.2 of the Act;

2. As at the date of this notice the Company has complied with:

   • (a) the provisions of Chapter 2M of the Act (as applicable to the Company); and

   • (b) section 674 of the Act; and

3. As at the date of this notice there is no excluded information (as defined in section 708A(7) of the Act) which is required to be disclosed by the Company

For further information contact:

Simon Milroy Managing Director Kentor Gold Ltd Phone: + 61 (0) 7 3121 3206 Mobile: + 61 (0) 448 851 575

Registered Office Level 36 Riparian Plaza, 71 Eagle St Brisbane 4000 Phone: 61 (0) 7 3121 3206

Kyrgyz Republic Office 11-12/92 Kievskaya Street , Bishkek Kyrgyz Republic 720026 Phone: +996 312 660 280

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www.kentorgold.com.au