Kalimantan Gold Corporation Limited

AIM & TSX.V: KLG

Peter Bojtos, Chairman Gerald Cheyne, Director Corporate Development gerald.cheyne@kalimantan.com

+44 (0)771 747 3168

Disclaimer
Kalimantan Gold Corporation Limited "KLG" has taken all reasonable care in producing and publishing information contained in this presentation. Material in this presentation may still contain technical or other inaccuracies, omissions, or typographical errors, for which KLG assumes no responsibility. KLG does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information in this presentation. Under no circumstances, including, but not limited to, negligence, shall KLG be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material on this site. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information in this presentation, except for personal use unless you have obtained our express permission.
No stock exchange has reviewed the information in this presentation and no stock exchange accepts responsibility for the adequacy or accuracy of it. This presentation contains information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines generally prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. All technical data disclosed in this presentation have been reviewed by Peter Pollard a consultant to the Company and a Qualified Person as defined by National Instrument 43-101. Forward-Looking Statements This presentation contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements

Exploration Projects
Kalimantan Project Locations

Joint Ventured and new Projects

Copper JV with Freeport McMoRan Copper Gold (www.fcx.com ) Gold $7m in first 3 years for 51% interest; $3m in year 1 Sole fund to Feasibility Study for additional 24% Subscribed $350k for KLG shares at 14c per share in May 2011 If Freeport stops funding, loses equity interest for 1% royalty up to sums spent. KLG to be operator If decision to mine is taken, if either party declines to fund its share, its equity will be assigned to other party for 1% NSR. Requirement to deep drill 3 sites; spend $0.5m delineation drilling at Beruang Kanan

JV with Tigers Realm Minerals drilling to BFS

$6m for 70%; $1.5m in 1st 18 months; subject to forestry permit being issued by 16 Nov 2011 Tigers to complete Feasibilty Study by IUP expiry date, June 2015, or lose interest for royalty up to 2x investment.

Both parties to fund their share of development costs post BFS but Tigers will use best commercial endeavours to arrange project finance for up to a maximum of 75% of the Companys funding requirements for the project.
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New Projects. KLG evaluating 3 early stage copper gold and gold projects

Regional Economic Copper-Gold Porphyry Systems

Notable deposits Grasberg, Tombulilato, Bulagidun, Elang, Batu Hijau, and Tujuh Bukit occur along East-West trending arcs and collisional settings. KSK Copper project is located along the Kalimantan Arc where it trends E-W.

Project Overview KSK Copper Project

KSK Copper Project

KSK Copper Project

Key features of the KSK Copper Project include: Located in Central Kalimantan and covers an area of 620km 2; 6th generation Contact of Works title ownership; Expiry date is 30 years after commencement of mining; 38 prospects; 36,000 m of drilling completed to date; $16.4 mill spent; Significant mineralisation already drill tested

3D inversion modelling identified targets for several world-class copper porphyry deposits;

Copper Prospect Gold Prospect

Liang Bulau II

Liang Bulau I

Sama Tuan

North Mansur

Baroi

MANSUR

Focus 1

Nabalang Derajoi Mamuring Rinjen

Dangoi Kalang FEZ Volcano Tumbang Huoi

BERUANG KANAN BERUANG TENGAH

Gold Zone Low Zone Beruang South

Project Overview Copper sample highlights Beruang (BK) and Baroi (BF)
Hole BK 2 includes BK 3 BK-4 includes BK 5 includes BK-18 KBK-21 KBK-28 includes BF 5 includes BF 9 BF28/030 includes BF Channel BF Float From 4.50 4.50 6.5 6.00 18.00 3.0 3.0 89.90 16.6 0.0 4.50 2.4 40.4 6.8 1.0 1.0 To 171.0 97.5 85.5 111.0 81.00 105.0 66.0 197.80 60.6 61.00 10.0 85.4 64.4 36.8 42.8 12.0 Meters 167.0 93.0 79.0 105.0 63.0 102.0 63.0 108.0 44.0 61.0 5.50 83.0 24.0 30.0 41.8 11.0 9.0 CU (%) 0.59 0.75 0.89 0.53 0.65 0.62 0.75 0.32 0.58 0.21 2.64 5.08 2.18 3.18 11.5 14.03 16.40 Au (g/t) 7.7 0.22 0.02 0.05 0.16 0.24 0.10 17.3

Kalimantan Gold

Ag (g/t) 61.1 88.5 53.7 101 296 464.3 460.0

Freeports 3D Magnetic Inversion modeling, S Mansur

Profile view showing inversion image and drill holes in blue

Deep Drilling KSK Copper Project

Location and Magnetic Images of Key Prospects Recent 3D magnetic inversion modelling has identified massive magnetic bodies coincident with existing geological data and below drilling to date Program to drill deep drill holes to prove identified targets at:

Beruang Kanan Porhyry Cu-Au Prospect (target at depth of 500Mt at 0.5%-0.6% Cu); (4,000m by 2,000m) Beruang Tengah Porhyry Cu-Au Prospect (1,000m by 1,300m); Tumbang Huoi Porphyry Cu-Au Prospect (5,000m by 2,500m);

Delineation Deep Drilling a

JV Terms (US$m) $3.0m must be spent in first 12 months deep drilling first 3 targets

Deep Drilling Target KSK Copper Project

Beruang Kanan Deep Drilling Program
The Beruang Kanan Deposit also forms part of the deep drilling program.

There are several untested geophysical targets defined by induced polarization (IP) chargeability highs identified by KLG

Proposal: One of two proposed holes (1000m to 1400m) to be drilled to test a strong IP response, coincident with copper and molybdenum in soils at surface, that was incompletely tested by Oxiana hole KBK0028 (13.5m @0.65%Cu & 3.30gpt Au). Coincident apophasis of magnetic high.

SECTION LOOKING NORTH, IP CHARGEBILITY, MAG INVERSION AND CU IN SOIL

Overall exploration target for the Beruang Kanan prospect is > 500Mt at 0.5% - 0.6% Cu
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Deep Drilling Target KSK Copper Project

Beruang Kanan Deposit
Believed to be the source of the widespread (4,000m by 2,000m) copper mineralization defined by geochemistry and remains untested by drilling.

Comparison to the Oyu Tolgoi copper project in Mongolia, indicates the potential scale of the deposit.

BK2: 4.50 - 171.50m, 167m @ 0.59% Cu, including 9m @ 2.39% Cu

OTD-150: 508m @ 0.81% Cu, and 1.17 g/t Au

OTD-010: 36.5m @ 0.69% Cu, and 1.16 g/t Au

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Deep Drilling Target KSK Copper Project

KSK Copper Project Beruang Tengah

Beruang Tengah Porphyry Copper-Gold Prospect

The east west magnetic anomaly at Berang Tengah extends for 8000m through Beruang Kanan and has not been tested.

Proposal: Drill one deep hole (1,400m) to test porphyry copper-gold target, represented by high copper/moly in surface RC, and previous DDH with extensive porphyry-style alteration, weak-moderate stockwork, and increasing Cu/Mo with depth.
SECTION LOOKING NORTH, MAG INVERSION AND MOLYBDENUM IN RC

Au Zone

A zone of intense quartz-sericite (phyllic) alteration and sheeted sulphide-quartz veinlets surrounds a central zone of potassic (biotite-magnetite) alteration. Classical porphyry-style quartz stockwork veins crop out at low elevations. 500m northwest of Beruang Tengah, a 1,000m long zone coincides with a zone of anomalous gold (>0.1g/t Au) in soils and a 600m wide zone of highly anomalous copper (>500ppm) in outcrop. Anomalous gold (>0.1g/t Au) in rock chip samples closely follows the copper anomaly, whereas anomalous molybdenum (>50ppm) is associated with the central potassic and sericitechlorite alteration assemblages.
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Deep Drilling Target KSK Copper Project

KSK Copper Project Tumbang Huoi

Tumbang Huoi Porphyry Copper-Gold Prospect

The geology at Tumbang Houi is characteristic of a caldera setting.

Cu,Au,Mo mineralization within quartz veins assoc with potassic alteration. 3D inversion modeling shows a 5,000m by 2,500m magnetic body that is untested.

Tumbang Houi Prospect is located in the southwest of the KSK Copper Project. DD8: 45m @ 400ppm Cu. Quartz stockwork and potassic alteration logged in hole. Below: Photo of core from DH8

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43-101 - KSK Copper Project

KSK Copper Project Beruang Kanan

Beruang Kanan Open Pit Prospect

Beruang Kanan is a high-sulphidation copper system exposed at the surface.

Several magnetic anomalies at depth at the Main Zone remains untested by drilling.
Believed to be the source of the widespread (4,000m by 2,000m) copper mineralization defined by geochemistry and drilling to date. Beruang Kanan Drilling highlights: BK2 167meters at 0.59% Cu, including: 93 metres at 0.75% Cu; BK3 79 metres at 0.89% Cu; and BK4 105m at 0.53% Cu, including: 63 metres at 0.65% Cu. Beruang Kanan JV Delineation Drilling Exploration Target: 250Mt at 0.5-0.6% Cu target has been determined using available surface sampling and drill hole data. Minimum JV expenditure in first 12 months $500,000

Beruang Kanan Chalcopyrite Mineralisation

Exploration Targets

Tonnes (kt) 250,000 500,000

Grade (% Cu) 0.5-0.6% 0.5-0.6%

Contained metal (kt) (mid-point) 1,375 2,750

Beruang Kanan subject to delineation drilling Beruang Kanan overall exploration target

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43 101 KSK Copper Project

Beruang Kanan Delineation Drilling The figure adjacent illustrates the location of the proposed drill holes at Beruang Kanan designed to delineate the 250Mt delineation exploration target.

The delineation drilling program would require up to 110 drill holes spaced approximately 100 metres apart.

KLG estimate the cost to convert 250Mt of the Beruang Kanan target to a 43-101 resource to be US$2.0m.

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Project Overview Jelai Gold Project

Jelai Gold Project

Overview

The Jelai Gold Project is a series of low sulphidation epithermal veins with anomalous precious metal values hosted within andesitic volcanics.;
IUP to explore till June 2015; 7 major veins and numerous subsidiary veins with a cumulative strike length of more than 5kms; 13,959 m of drilling completed to date; 126 holes completed to date;

Potential to yield a major epithermal gold deposit, comparable in scale to the Vera-Nancy Project (Queensland) that has produced 2.3Moz Au to date, plus 11 other highly prospective targets.

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Project Overview Jelai Gold Project

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Project Overview Jelai Gold Project

The figure opposite shows drill result highlights from the Mewet Prospect.

Mewet Drill Results Plan View

The Mewet Prospect contains several mineralised veins. At least 5 gold bearing shoots appear to have been discovered.

There is a clear potential for further discoveries in several kilometres of untested quartz veins.
Work on the Mewet vein has shown a vertical extent of at least 200 metres for the precious metal zone. There appears to be a major untested potential at depth in known shoots.

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Project Overview Jelai Gold Project

The figure adjacent illustrates the drill holes proposed under the delineation drilling program. Additional exploration drilling will be undertaken initially.

Proposed Mewet Prospect Drill Holes

The proposed delineation drilling program would consist of approximately 40 drill holes and aim to delineate a resource of 400koz Au.

Of which 87koz Au of the 400koz Au exploration target requires no further drilling.

Drilling would take place at the Mewet, South Sembawang, Nyabi and Lipan veins.

KLG estimate the cost of delineating the 400koz Au exploration target is approximately US$1.5m

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Project Overview Jelai Gold Project

Jelai Gold Project Resembles Vera Nancy
The Vera-Nancy Project is considered geologically similar and of comparable scale to the Mewet vein system. After an extensive drilling program, the Vera Nancy Project has thus far produced 2.3 million ounces of gold. Mewet is open to north, south and down dip. Lipan, Sumbawang, Nyabi and Obi veins and Balangan silica cap are yet to be tested.

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Infrastructure and Operating in Indonesia

Projects and Planned Rail System

Infrastructure

KSK Copper Project:

Two separate access roads of approximately 100km. Saleable product could be transported by road to either township of Tumbang Samba or Kuala Kurun (both with jetty points for 8,000 tonne barges), and then barged to the coast. In the longer term, should the KSK Copper Project move towards a larger scale, there are several infrastructure development options considered to be suitable.

Jelai Gold Project:

Xxxx

Located in East Kalimantan and accessible by road and future production will be able to be transported to port facilities at Tarakan (50km) by using a combination of road and barge transport.

Operating in Indonesia

KLG has developed close working relationships at all levels of society, from the local communities surrounding its project areas to the highest tier of decision making. KLG has been working in advance of mining to foster good relationships and strengthen local capacity to self manage across various community aspects including linking villages with local government services and linking donor agency support to the needs of communities.

Possible Concentrate Pipeline

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Corporate
Capital Structure and Shareholders*

Capital Structure and Shareholders

Market capitalisation of 6.2m at 3.75p/ C$ 9.9m at 6c.
Value 3.75p 165.407 9.181

Units Share price (AIM) Shares Options GBp M M

2.5 million shares issued at 14c for C$350,000 to Freeport in April 2011 Raised 800k December 2010 by issuing 16.125m shares at 5p Raised C$662k during July 2010 by issuing 13 million common shares at C$0.05. During FY09 raised US$1.3 million from two private placements totalling 29 million common shares, 17 million in April 2009 and 12 million in December 2009, at issue prices of C$0.05 per share. 5 million common shares were issued in May 2009 at C$0.05 per share to extinguish US$220k accounts payable.

Market cap.
Debt

6.2m
Nil

C$9.9m
Nil

Major Shareholders (%) Rahman Connelly (Director) Murray Clapham (Former Director) Faldi Ismail (Director) Mansur Geiger (Employee) Golden Oak Corporate Peter Bojtos (Director) Doris Meyer (Director) 4.6 2.0 1.6 0.9 0.6 0.2 0.0

*Source: Bloomberg
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Corporate
Board of Directors
Name and Position Peter Bojtos Director and Nonexecutive Chairman Brief Appointed on 17 September 2009. Professional engineer with over 38 years of worldwide experience in the mining industry. Background in corporate management as well as all facets of the industry from exploration through to feasibility to mine construction, operation and decommissioning. Independent director of several mining and exploration companies. Resident of USA. Faldi Ismail Deputy Chairman and CEO Appointed non-executive director in September 2009; appointed Deputy Chairman and CEO in April 2011. Extensive current experience of the coal sector in Kalimantan, Indonesia where KLG is active. Prior to this he has worked as a corporate consultant specialising in the restructure and recapitalisation of a wide range of ASXlisted companies.

Currently a director of several ASX-Listed companies (Kangaroo Resources Limited, Coventry Resources Limited and Energio
Limited). Doris Meyer Director and CFO Involved with KLG since 1997. Initially as Corporate Secretary, then Chief Financial Officer, becoming a director in 2000. Extensive experience in the mining industry, is a Member of the Associations of the Certified General Accountants of British Columbia and Canada. Broad network of contacts in financial markets in North America and Europe, which will serve KLG well in its next stage of growth and financing. Resident of Canada.

Rahman Connelly
Director

Deputy Chairman and CEO from 2006 until April 2011.

A businessman with experience in the financial services sector prior to joining KLG. He was a founding director of Connelly Temple, an Australian specialist pension fund management business which introduced an innovative product offering and had $850 million under management with some 60,000 members by 1996. In that year the business was sold to Royal & Sun Alliance of the UK. In 1997 Rahman became an investor in KLG, taking over as CEO in 2006. He was instrumental in bringing the company to the London AIM market to complement its TSX-V listing and has focused on expanding the company's gold and copper prospects in Indonesia.
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Summary
KSK Copper Project
JV with Freeport-McMoRan Copper and Gold, worlds largest publically listed copper company $7m in first 3 years for 51% interest; $3m in year 1; sole fund to BFS for additional 24%; Significant mineralisation already drill tested;

Deep potential indicated by the recent 3D magnetic inversion modelling;

Deep target at Beruang Kanan 500Mt at 0.5-0.6% Cu; 43-101 drilling at Beruang Kanan to delineate a surface target 250Mt at 0.5-0.6% Cu; KLG to be operator; Ready to mobilize 1500m capable drill rigs pending issuance of forestry permits. Jelai Gold Project JV with Tigers Realm Minerals $6m by IUP expiry for 70% of equity; $1.5m in first 18 months; must fund drilling up to Bank Feasibility Study to retain equity; otherwise royalty up to 2x investment; subject to forestry permit by 16 Nov 2011; Significant drilling intercepts already recorded. Material upside potential from each project Downside protection from having two independent projects
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