Kalimantan Gold Corporation Limited

Kalimantan Gold Corporation Limited

March 20, 2008 12:59 ET

Kalimantan Gold Makes Key Appointments

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 20, 2008) - Kalimantan Gold (TSX VENTURE:KLG)(AIM:KLG) has strengthened its senior team with two key appointments: Dr. Peter Pollard who becomes the company's Technical Adviser and Gerald Cheyne who takes up the post of UK Representative.

Peter Pollard, an economic geologist with more than 20 years experience, will support the company's exploration activity which currently includes a 4,000 metre drill programme at the Jelai gold project in East Kalimantan. Peter, who recently produced reports on Jelai and on the company's KSK copper gold project in Central Kalimantan, has consulted on major exploration programmes in Australia, China, Indonesia, Iran, Kazakhstan, Mongolia, Peru, USA and Vietnam. His past experience includes working on some of the world's major porphyry copper-gold deposits, including Grasberg (Indonesia), Escondida Norte (Chile) and Oyu Tolgoi (Mongolia). Peter holds a PhD from James Cook University, Australia and is a Member of the Australasian Institute of Mining and Metallurgy and a Fellow of the Society of Economic Geologists.

Gerald Cheyne has been associated with the company since its early preparations to join AIM in 2006. With over 25 years experience working in the City of London, he acted as broker to the company and helped the company raise funds both before and after its AIM flotation. Prior to this, he has successfully raised funds for US, Canadian, Russian, Central European and Far Eastern companies. As UK Representative, he will be responsible for maintaining the company's profile in the United Kingdom, notably with existing shareholders and potential new investors. Gerald has an engineering degree from Trinity College, Cambridge and is a Fellow of the Institute of Chartered Accountants in England and Wales.

CEO Rahman Connelly commented: "We are very pleased to make two appointments of this calibre at a time when we are seeing real progress, both in our existing exploration activities and in evaluating a number of new opportunities. We welcome Peter and Gerald to the team and look forward to their contribution in the months ahead."

Pursuant to the Kalimantan Gold shareholder approved Stock Option Plan, Peter and Gerald have each been granted 50,000 Incentive Stock Options, exercisable for up to five years at a price of $0.20 per share. The options granted will be subject to any applicable regulatory hold periods.

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

Contact Information

  • Kalimantan Gold Corporation Limited
    Rahman Connelly
    Deputy Chairman and CEO
    +61 7 552 32298 or +61 418 116 955
    Email: rconnelly@ozemail.com.au
    Kalimantan Gold Corporation Limited
    Nick Cottam
    Corporate Relations Manager
    +44 (0) 1394 384115
    Website: www.kalimantan.com