TIDMKLG 
 
 
   Kalimantan Gold Corporation Limited ("KLG") is pleased to announce assay 
results from the first four holes drilled at its flagship Beruang Kanan 
copper project in 2015.  As previously reported the first four holes 
drilled on section lines BKM32450 and BKM31750 intersected visual near 
surface copper mineralization predominately hosted in stock work 
fractures and quartz veins, and as open space fill. 
 
   RESULTS 
 
   Final assays were received for a total of 323.1 meters in the four drill 
holes reported to date. A drill hole location plan and a table of full 
assay results are provided in Figure 1 and Table 1 respectively. 
 
   Hole BKM32450-01 (92.4m end of hole ("EOH")) drilled as an infill hole 
on section line BKM32450 intersected strong near surface copper 
mineralization in brecciated and silicified volcaniclastic rocks.  Three 
wide intervals of mineralization were reported as follows: 
 
   14 meters at 2.02% Cu (from 4.7 meters depth) 
 
 
   -- Including 6.0 meters at 3.71% Cu (from 4.70 meters) 
 
 
   22 meters at 0.88% Cu (from 32.0 meters depth) 
 
 
   -- Including 5.0 meters at 1.10% Cu (from 35.0 meters) 
 
   -- Including 6.0 meters at 1.57% Cu (from 45.0 meters) 
 
 
   15 meters at 0.57% Cu (from 76.0 meters depth) 
 
   BKM32450-02 (70.6m EOH) also drilled as an infill hole on section line 
BKM32450 hit a post mineral dyke and failed to intersect the key target 
zone of mineralization.  Three narrow mineralized intervals were 
intersected; including a small interval assaying 2m at 2.08% Cu (from 
49.5 meters depth). 
 
   Hole BKM31750-01 (75.1m EOH) drilled on section line BKM31750 
intersected a cumulative 23m interval (over 3 individual intersections) 
of highly elevated copper mineralization in centimeter to meter scale 
quartz veins. Better assays received from this interval include 9.0 
meters at 0.73% Cu (from 19.0 meters depth)and 10.0 meters at 0.57% Cu 
(from 41.0 meters depth). 
 
   BKM31750-02 (85.0m EOH) also collared as an infill hole on section line 
BKM31750 intersected a broad zone of copper mineralization comprising 
covellite and chalcocite in centimeter scale quartz veins and zones of 
strong silicification. Copper mineralization is more pervasive than 
previous holes located nearby and extends beyond the current limits of 
the BKM deposit. Better results include: 
 
   54 meters at 1.10% Cu, (from 16.5 meters depth) 
 
 
   -- Including 16 meters at 1.67% Cu (from 17.5 meters) 
 
   -- Including 19 meters at 1.22% Cu (from 37.5 meters) 
 
 
   The drilling program planned for the Beruang Kanan Main deposit (BKM) in 
2015 is designed to increase confidence and expand the deposit beyond 
the known resource.   The first four holes have confirmed continuity of 
mineralization on each section line and drill hole BKM31750-02 indicates 
copper mineralization is potentially more pervasive in the southern part 
of the BKM deposit than previously recognized. 
 
   The potential for additional mineralization in the southern part of the 
BKM deposit is also supported by recent field mapping which identified 
strong veining and stockwork copper mineralization in sub-crop and 
outcrop over more than 400 meters to the west of drill hole BKM31750-02. 
Further drilling is planned to fully define the extent of mineralization 
in this area. 
 
   Resource in-fill and expansion drilling is continuing on both of the 
section lines reported above. At least seven holes are planned on line 
BKM32450 and ten holes on line BKM31750.   Once these two sections are 
completed, drilling will move to section lines BKM31650 and BKM32350 
located 100m to the south of current drilling.  A list of drill hole 
details is provided in Table 2. 
 
   Tony Manini, Kalimantan Gold's Chief Executive Officer commented: 
 
   "We are very pleased with the initial assay results from the 2015 drill 
program at the BK project. The continuity of copper mineralization 
observed to date has fully met our expectations and we have already 
identified an area to the south of current drilling with potential to 
further expand the BKM deposit. We have a comprehensive program of 
drilling and test work proposed for the BKM deposit and nearby prospects 
in 2015 and we look forward to progressively reporting further results 
as they become available" 
 
 
 
 
 
   HOLE ID      From    To    Length    Copper (%) 
BKM31750-01     19.0  28.0       9.0          0.73 
BKM31750-01     41.0  51.0      10.0          0.57 
BKM31750-01     66.0  70.0       4.0          0.59 
BKM31750-02      1.5   6.5       5.0          0.93 
BKM31750-02     16.5  70.5      54.0          1.10 
   Including    17.5  33.5      16.0          1.67 
   Including    37.5  56.5      19.0          1.22 
BKM32450-01      4.7  18.7      14.0          2.02 
   Including     4.7  10.7       6.0          3.71 
BKM32450-01     32.0  54.0      22.0          0.88 
   Including    35.0  40.0       5.0          1.10 
   Including    45.0  51.0       6.0          1.57 
BKM32450-02      8.1  10.1       2.0          0.49 
BKM32450-02     31.5  39.5       8.0          0.46 
BKM32450-02     49.5  51.5       2.0          2.08 
 
 
   Table 1: Significant drill intercepts. 
 
   Notes: Grade intercepts are calculated as a weighted average grade above 
0.3% copper 
 
   Maximum internal waste of 3m 
 
   True widths are interpreted to be between 80-100% of the reported 
lengths, unless otherwise stated. 
 
 
 
 
 
 
   Figure 1: Location map showing section lines and drill collars. Please 
click on the following link to view this image. 
 
   http://fscwire.com/sites/default/files/NR/792/6813_image1.jpg 
 
 
 
 
Hole ID       Easting  Northing  RL   Depth  Azi  Dip   Status      Assays 
                                                                  Final Assays 
BKM31750-01    769102   9931750  363   75.1  270  -60  Complete      Confirmed 
                                                                  Final Assays 
BKM31750-02    769006   9931750  397   85.0  270  -60  Complete      Confirmed 
                                                                  Final Assays 
BKM32450-01    768845   9932450  423   92.4  270  -60  Complete      Confirmed 
                                                                  Final Assays 
BKM32450-02    768746   9932450  443   70.6  270  -60  Complete      Confirmed 
 
 
 
   Table 2 : Drill Hole Details 
 
   Notes: Drill collars recorded using a handheld GPS device and reported 
in WGS84 UTM Zone 49S; Drill hole dip and azimuth are recorded 
approximately every 25 meters downhole 
 
   ON BEHALF OF THE BOARD OF DIRECTORS 
 
   Tony Manini, Deputy Chairman and CEO 
 
   For further information please contact: 
 
   -Ends- 
 
   Tony Manini 
 
   Deputy Chairman and CEO, Kalimantan Gold 
 
   Telephone: +61386441300 
 
   Email: tony.manini@kalimantan.com 
 
   VSA Capital Limited 
 
   Andrew Raca / Justin McKeegan 
 
   Telephone: +44 20 3005 5004 / +44 20 3005 5009 
 
   Email: araca@vsacapital.com 
 
   Kalimantan Gold's Nominated Adviser 
 
   RFC Ambrian Limited 
 
   Andrew Thomson / Oliver Morse 
 
   Telephone: +61 8 9480 2500 
 
   Email: andrew.thomson@rfcambrian.com / Oliver.Morse@rfcambrian.com 
 
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accepts responsibility for the adequacy or accuracy of this release. 
 
   This news release contains forward-looking statements that are based on 
the Company's current expectations and estimates. Forward-looking 
statements are frequently characterized by words such as "plan", 
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events or conditions "may" or "will" occur. Such forward-looking 
statements involve known and unknown risks, uncertainties and other 
factors that could cause actual events or results to differ materially 
from estimated or anticipated events or results implied or expressed in 
such forward-looking statements.   Such factors include, among others: 
the actual results of current exploration activities; conclusions of 
economic evaluations; changes in project parameters as plans continue to 
be refined; possible variations in ore grade or recovery rates; 
accidents, labour disputes and other risks of the mining industry; 
delays in obtaining governmental approvals or financing; and 
fluctuations in metal prices.  There may be other factors that cause 
actions, events or results not to be as anticipated, estimated or 
intended.  Any forward-looking statement speaks only as of the date on 
which it is made and, except as may be required by applicable securities 
laws, the Company disclaims any intent or obligation to update any 
forward-looking statement, whether as a result of new information, 
future events or results or otherwise. Forward-looking statements are 
not guarantees of future performance and accordingly undue reliance 
should not be put on such statements due to the inherent uncertainty 
therein. 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
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responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Kalimantan Gold Corporation Limited via Globenewswire 
 
   HUG#1921276 
 
 
  http://www.kalimantan.com