TIDMKLG 
 
 
   NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN 
THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY 
CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. 
 
   VANCOUVER, British Columbia, June 2, 2015 (GLOBE NEWSWIRE) -- Kalimantan 
Gold Corporation Limited (the "Company") is pleased to announce that has 
closed a brokered private placement announced on May 28, 2015. The 
Company has issued and settled through CREST 108,443,747 common shares 
at a price of GBP0.012 per share for total gross proceeds of 
approximately GBP1.3 million (approximately equivalent to CDN $2.5 
million at CDN $0.023 per share). 
 
   The Company paid an aggregate of GBP65,000 in fees to brokers and issued 
an aggregate of 5,416,667 common shares purchase warrants to brokers 
with each warrant exercisable at a price of C$0.05 per share for a 
period of two years. The participating investors include clients of the 
Company's UK broker agents, VSA Capital Limited and Optiva Securities 
Limited. The common shares issued and any common shares issued on 
exercise of the broker warrants are restricted from trading in Canada 
through the TSX Venture Exchange until October 2, 2015. 
 
   It is intended that the proceeds of the private placement will be used 
to fund the continuation of the Company's 2015 infill and expansion 
drilling at the Beruang Kanan prospect within the KSK Contract of Work 
in Kalimantan, on progressing conversion of the Company's Beutong Izin 
Usaha Pertambangan ("IUP") from an exploration IUP to an exploitation 
IUP, and for general working capital purposes. 
 
   The placement shares will be fully paid and will rank pari passu in all 
respects with the existing common shares in the Company. Application has 
been made for the placement shares to be admitted to trading on AIM 
("Admission") and to be listed on the TSX Venture Exchange. It is 
expected that Admission will become effective and that dealings in the 
placement shares will commence on June 3, 2015. The total number of 
common shares in issue following completion of the placement will be 
503,168,500. 
 
   ON BEHALF OF THE BOARD OF DIRECTORS 
 
   Tony Manini, Deputy Chairman and CEO 
 
   For further information please contact: 
 
 
 
 
Tony Manini 
Deputy Chairman and CEO, Kalimantan Gold 
Telephone: +61 3 8644 1300 
Email: tony.manini@kalimantan.com http://www.globenewswire.com/newsroom/ctr?d=10136884&l=7&a=tony.manini%40kalimantan.com&u=mailto%3Atony.manini%40kalimantan.com 
 
VSA Capital Limited 
Andrew Raca / Richard Buckle 
Telephone: +44 20 3005 5004 / +44 20 3005 5005 
Email: araca@vsacapital.com http://www.globenewswire.com/newsroom/ctr?d=10136884&l=7&a=Email%3A%20araca%40vsacapital.com&u=mailto%3Aaraca%40vsacapital.com 
 
Optiva Securities Limited 
Jeremy King 
Telephone: +44 203 137 1904 
Email: Jeremy.King@optivasecurities.com 
http://www.globenewswire.com/newsroom/ctr?d=10136884&l=7&a=Email%3A%20Jeremy.King%40optivasecurities.com&u=mailto%3AJeremy.King%40optivasecurities.com 
 
Kalimantan Gold's Nominated Adviser 
RFC Ambrian Limited 
Andrew Thomson / Oliver Morse 
Telephone: +61 8 9480 2500 
Email: andrew.thomson@rfcambrian.com http://www.globenewswire.com/newsroom/ctr?d=10136884&l=7&a=andrew.thomson%40rfcambrian.com&u=mailto%3Aandrew.thomson%40rfcambrian.com 
 / Oliver.Morse@rfcambrian.com http://www.globenewswire.com/newsroom/ctr?d=10136884&l=7&a=Oliver.Morse%40rfcambrian.com&u=mailto%3AOliver.Morse%40rfcambrian.com 
 
 
   Neither the TSX Venture Exchange nor its Regulation Services Provider 
(as that term is defined in the policies of the TSX Venture Exchange) 
accepts responsibility for the adequacy or accuracy of this release. 
 
   United States Advisory 
 
   The securities referred to herein have not been and will not be 
registered under the United States Securities Act of 1933, as amended 
(the "U.S. Securities Act"), have been offered and sold outside the 
United States to eligible investors pursuant to Regulation S promulgated 
under the U.S. Securities Act, and may not be offered, sold, or resold 
in the United States or to, or for the account of or benefit of, a U.S. 
Person (as such term is defined in Regulation S under the United States 
Securities Act) unless the securities are registered under the U.S. 
Securities Act, or an exemption from the registration requirements of 
the U.S. Securities Act is available. Hedging transactions involving the 
securities must not be conducted unless in accordance with the U.S. 
Securities Act. This press release shall not constitute an offer to sell 
or the solicitation of an offer to buy any securities, nor shall there 
be any sale of securities in the state in the United States in which 
such offer, solicitation or sale would be unlawful. 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Kalimantan Gold Corporation Limited via Globenewswire 
 
   HUG#1925559 
 
 
  http://www.kalimantan.com