Kalimantan Gold Appoints New CFO

Kalimantan Gold Corporation Ltd. (the "Company" or “KLG”) announces that Doris Meyer has notified the Company of her decision to retire as Chief Financial Officer with effect from October 1, 2013. Ms. Meyer has served in this role with the Company since 1997. She will remain as a Director and as Corporate Secretary. On behalf of the Board of Directors, Faldi Ismail, Deputy Chairman and Chief Executive Officer of Kalimantan, would like to thank Ms. Meyer for her significant contributions over the years as Chief Financial Officer and is pleased that she will remain on as a Director and as Corporate Secretary of the Company.

Mr. Len Goldsmith has been appointed as Chief Financial Officer. Mr. Goldsmith is a Certified General Accountant and Accredited Chartered Certified Accountant (UK) and was previously the Controller for the Company since 2011. Mr. Goldsmith has over 25 years experience, much of which has been in the mineral exploration sector, and also including roles as Chief Financial Officer, Canada Revenue Agency auditor, public practice accountant, manager of budgets and analysis, and accounting services manager.

For further information please contact:

Faldi Ismail
Deputy Chairman and CEO, Kalimantan Gold
Mobile: +61 (0) 423 206 324
Email: faldi.ismail@kalimantan.com

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

VSA Capital Limited
Katrina Damouni/ Peter Damouni
Telephone: +44 20 3005 5005/ +44 20 3005 5007
Email: pdamouni@vsacapital.com

KLG's Nominated Adviser
RFC Ambrian Limited
Stuart Laing
Telephone: +61 8 9480 2506
Email: stuart.laing@rfcambrian.com

About Kalimantan Gold

Kalimantan Gold Corporation Ltd. is a junior exploration company listed on both the TSX Venture Exchange in Canada and on AIM in London. The Company has two exploration projects in Kalimantan: the Jelai epithermal gold project in East Kalimantan and the KSK Contract of Work in Central Kalimantan with potential for multiple porphyry copper and gold prospects. For further information please visit www.kalimantan.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.

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”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain 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.

Kalimantan Gold
Faldi Ismail, +61 (0) 423 206 324
Deputy Chairman and CEO
faldi.ismail@kalimantan.com
or
Gerald Cheyne, +44 (0) 2077311806
Mobile: +44 (0) 7717473168
Director Corporate Development
gerald.cheyne@kalimantan.com
or
VSA Capital Limited
Katrina Damouni / Peter Damouni
+44 20 3005 5005 / +44 20 3005 5007
pdamouni@vsacapital.com
or
KLG's Nominated Adviser
RFC Ambrian Limited
Stuart Laing, +61 8 9480 2506
stuart.laing@rfcambrian.com