Exploring Resource Rich Indonesia

Kalimantan Gold Corporation

Gerald Cheyne, Director Corporate Development October 2008

Disclaimer
General Disclaimer

Kalimantan Gold

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. 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.

Coal
East Kalimantan

Gold
East Kalimantan

Kalimantan Gold Copper

Central Kalimantan

Coal
East Kalimantan

Gold
East Kalimantan

Kalimantan Gold Copper

Central Kalimantan

Options over 9 coal concessions

Replacing oil as an energy source 80% of Chinas and Indias electricity Indonesia largest thermal coal exporter 60% from East Kalimantan ooa world hot spot for coal Demand has produced oosharp price increases
Palangka Raya Tarakan

Coal

Samarinda Balikpapan

Option Agreement with Mesra Group

Kalimantan Gold

Coal

9 concessions totaling ,,,32,545ha Located in areas where coal ,,,occurrences known to exist Some adjacent to, or along ,,,strike, from existing mines Some within 7 km of port ,,,facilities

Option Agreement terms

Kalimantan Gold Kalimantan Gold

Coal

Option period to 12th Jan 2009 j Upon option exercise: Mesra 25%, KLG 70% and GMT 5% (incentive shares) j Upon decision-to-mine, bonus payment to Mesra based on JORC reserve tonnage

Prospect locations in relation to major mines

Kalimantan Gold

Coal

KGC Concessions

Surveys and drilling confirm coal potential

Kalimantan Gold

Coal

Work underway in association with GMT Indonesia which manages several coal exploration projects in Kalimantan Field Surveys completed on 9 concessions 7 holes drilled at PT Emas Hitam Coalhindo, Mandul Island, with multiple seams to four meters thick, confirm significant, commercial thermal coal occurrences High calorie coal showings at PT Central Indo Coal and PT Tenjin Sejahtera concessions. Starting early October, 6 holes will be drilled in each of these

The Coal Opportunity

Kalimantan Gold

Coal

Mandul Island:
further drilling to increase resource potential three additional concessions totalling 8,000 ha are under application

PT Central Indo Coal and PT Tengin Sejahtera concessions:

drilling to test prospective areas for their resource potential

Surveys and evaluations underway on several near bproduction projects Exercise options and develop coal resource 9

Coal
East Kalimantan

Gold
East Kalimantan

Copper

Kalimantan Gold

Central Kalimantan

Jelai epithermal gold project

Jelai Gold Project Previously explored by Ivanhoe Mines (Indochina) 12 prospects over 5,000 ha only one drilled Work to date confirms potential for a major resource
Palangka Raya Samarinda Balikpapan

Jelai
Tarakan

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Jelai project prospect areas

Kalimantan Gold

Gold

12 prospects Low sulphidation nepithermal vein system nstyle of mineralization Right geological setting, nie sediments and nvolcanics intruded by ndacite porphyries

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Mewet Vein System - completed and planned drilling

Kalimantan Gold

Gold

12

Mewet Prospect - Ivanhoe drilling

Hole From 26.3 57.0 38.3 67.5 69.3 115.0 185.1 58.1 60.7 To 28.4 58.7 40.2 69.0 70.8 119.5 191.2 59.4 60.9 Metres 2.1 1.7 1.9 1.5 1.5 4.5 6.1 1.3 0.1 Au g/t 6.9 11.1 7.5 7.3 7.4 6.4 5.7 8.4 54

Kalimantan Gold

Gold

Ag g/t 16 10 13 14 20 8 15 3 18

26 holes over 4000 m ,,,depths to 200 m Bonanza grades to ,,,54g/t gold Less than 5% of 5 km strike ,,,length drilled

JM011 JM012 JM013 JM015 JM015 JM018 JM019 JM024 JM024

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Mewet Prospect sample KLG drilling

Kalimantan Gold

Gold

73 holes drilled over ,,,6500m ,,, 4 rigs working 24/7 Drilling includes ,,,Bonanza mineralization ,,,of 0.75m @ 62.3 g/t ,,,Au 256 g/t Ag Deep drilling underway

Hole JCM-69
including

From 22.75 22.75 36.65 12.55 42.00 43.40 32.00 26.45 21.95 23.45

To 28.75 23.50 39.10 18.50 47.20 44.60 36.75 34.50 27.35 24.95

Metres 6.00 0.75 2.45 5.95 5.20 1.20 4.75 8.05 5.40 1.50

Au g/t 15.84 62.27 4.45 2.15 5.60 17.33 10.43 4.52 11.74 30.68

Ag g/t 81.19 256.00 11.03 4.20

Vein Mewet Mewet Sembawang Central

JCM-68 JCM-27 JCM-26

includes

2.70 Sembawang 7.50 Central 14.60 2.74 5.05 13.80 Sembawang South Lipan Lipan

JCM-13 JCM-50 JCM-38

includes

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Comparing Vera-Nancy and Mewet veins

Kalimantan Gold

Gold

Mewet vein system comparable in scale to Vera-Nancy, part of the Pajingo mine in northeastern Australia Mewet gold shoot is open north, south down dip Vera-Nancy production to date: 2.3M Oz

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Comparing Vera-Nancy and Mewet veins

Kalimantan Gold

Gold

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Jelai - Summary

Kalimantan Gold

Gold

Work to date confirms potential for ,,,a major resource Extensive scout drilling has ,,,produced highly encouraging ,,,results and targets for deeper ,,,drilling 4 rigs working 24/7 Estimated initial inferred ,,,resource by end of 2008

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Coal
East Kalimantan

Gold
East Kalimantan

Kalimantan Gold Copper

Central Kalimantan

KSK Contract of Work (CoW)

941 km2 Summary of exploration work since 1997: 38 prospects identified and magnetic surveys 265 km of IP and magnetic surveys 35,558 m of drilling Nearly 20,000 samples sent for sent for analysis

Tarakan

KSK CoW
Palangka Raya

Samarinda Balikpapan

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KSK Contract of Work

Large scale intense copper mineralisation over 38 prospects Beruang Kanan 167m @ 0.59% Cu Baroi 83m @ 2.64% Cu
North Mansur Mansur

Kalimantan Gold

Copper
Copper Prospect Gold Prospect
Liang Bulau II Liang Bulau I

Sama Tuan

Nabalang Derajoi Mamuring Focus 1 Dangoi FEZ Kalang Rinjen

BAROI . mineralisation shows similarities with that which occurs in similar arc-related settings in Indonesia and the south-west Pacific, which are known to host economically significant copper deposits. SRK Competent Persons Report, 2006

BERUANG
Beruang Tengah Gold Zone Low Zone Beruang South

Volcano Tumbang Huoi

KSK: sample Baroi prospect drill results

Kalimantan Gold

Copper

The Baroi Central Zone prospect has produced significant drill results and contains a number of untested targets according to a Jan 2008 report by Dr Peter Pollard

Hole BF-4 BF-5 Incl. BF-9 BF28/030 Incl. BF29/033 BF040 BF0048

From 52.75 2.45 40.45 6.80 1.00 1.00 27.95 36.30 154.50

To 76.75 85.45 64.45 36.80 42.85 12.05 64.90 67.30 184.50

Meters 24.00 83.00 24.00 30.00 41.85 11.05 36.95 31.00 30.00

Cu (%) 1.53 2.64 5.08 2.18 3.18 11.05 0.73 1.04 1.1

Pb (%) 0.25 0.62 0.04 0.07 0.99 1.64 1.08 0.59 0.2

Zn (%) 2.27 1.85 1.24 0.37 1.85 2.55 0.02 2.9 0.8

Ag(g/t) 28.6 61.1 88.5 53.7 101 296 144.7 29.6 29.4

Au(g/t) 0.13 0.22 0.02 0.05 0.16 0.24 0.23 0.17 0.02

KSK summary

Kalimantan Gold

Copper

Discovered a new copper porphyry province Limited Oxiana program has left substantial untested potential KLG currently seeking jv partner that will commit funds for a thorough programme

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Community Development our social license

Kalimantan Gold

Working in advance of mining to foster good relationships & strengthen local capacity using a Hand Up approach Building local capacity to self manage ,,,village development Linking villages with local government ,,,services Link donor agency support to the needs ,,,of communities Providing technical support to improve ,,,livelihoods Programs currently operating in 24 ,,,villages
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Directors and Senior Management

Kalimantan Gold

Murray Clapham Chairman

Rahman Connelly Deputy Chairman, CEO

Doris Meyer CFO

Peter Bojtos Director

Mansur Geiger VP Exploration

Brett Gunter Technical Advisor, Jelai

Gerald Cheyne Director Corporate Development

Bardolf Paul Community Development

Nick Cottam Corporate Relations Manager

Dr Peter Pollard Technical Adviser

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In summary the KLG opportunity

Kalimantan Gold

Coal
East Kalimantan

Option over 9 concessions Coal confirmed - quick to production

Gold
East Kalimantan

Significant intercepts resource estimate by end 2008

Copper
Central Kalimantan

Potential for large porphyry seeking a new JV partner 24

Share Structure

Kalimantan Gold

AIM & TSX.V code: KLG

Shares outstanding Warrants Options Fully diluted

75.0 million 650,000 6.9 million 82.5 million

Kalimantan Investment Corporation Management

Retail and Institutional Holders

Note: KGC is acquiring 25% of KSK CoW from Kalimantan Investment Corporation in exchange for 20 million shares

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Contact

Kalimantan Gold

Gerald Cheyne, Director Corporate Development Office +44 (0) 2077311806 Mobile +44 (0) 7717473168 Email: gerald.cheyne@kalimantan.com www.kalimantan.com

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