Kalimantan Gold Corporation Limited

Kalimantan Gold Corporation Limited

December 19, 2008 02:00 ET

Kalimantan Gold Files Jelai Mewet Vein Technical Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2008) - Kalimantan Gold Corporation Limited (TSX VENTURE:KLG)(AIM:KLG) has filed the Technical Report supporting the initial resource statement announced on November 11, 2008 for only one of five main veins identified at the Company's 100%-owned Jelai gold project in East Kalimantan, Indonesia. The Mewet Vein resource block is based on 23 drill holes and is contained within a 250 metre section within a known vein structure of more than 2,000 metres in strike length with mineralization beginning on surface down to 225 metres below surface.

The Technical Report titled "PT Jelai Cahaya Minerals Resource Calculation for the Mewet Vein, Jelai Gold Project, Kabupaten Bulungan, East Kalimantan, Indonesia", dated December 12, 2008, was prepared by PT GMT Indonesia ("GMT"), Technical Advisors to the Jelai Gold Project.

About Kalimantan Gold

Kalimantan Gold Corporation Limited is a junior exploration company listed on both the TSX Venture Exchange in Canada and on AIM. The Company is focused on gold, coal and copper prospects in Indonesia and has exploration rights in three areas: the Jelai epithermal gold prospect in East Kalimantan, five coal prospects, also in East Kalimantan and porphyry copper and gold prospects in Central Kalimantan.

RFC Corporate Finance Ltd acts as KLG's Nominated Adviser for the purposes of its AIM listing, contact Stuart Laing, ph: +618 9480 2506 or email: stuartl@rfc.com.au.

The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.

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