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Kalimantan Gold
Copper, Gold & Coal Projects inKalimantan, Indonesia
Kalimantan Gold CorporationKLG: AIM, TSX.V
December 2009
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Kalimantan Gold Corporation Limited "KLG" has taken all reasonable care in producing and publishinginformation contained in this presentation. Material in this presentation may still contain technical or otherinaccuracies, omissions, or typographical errors, for which KLG assumes no responsibility. KLG does not warrant ormake any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements
or information in this presentation. Under no circumstances, including, but not limited to, negligence, shall KLG beliable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss ofprograms, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of thepossibility of damage, arising from your use, or inability to use, the material on this site. The information is not asubstitute for independent professional advice before making any investment decisions. Furthermore, you may notmodify or reproduce in any form, electronic or otherwise, any information in this presentation, except for personaluse unless you have obtained our express permission.
No stock exchange has reviewed the information in this presentation and no stock exchange accepts responsibilityfor the adequacy or accuracy of it.
This presentation contains information about adjacent properties on which we have no right to explore or mine. Weadvise U.S. investors that the SEC's mining guidelines generally prohibit information of this type in documents filedwith the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineraldeposits on our properties.
Forward-Looking Statements
This presentation contains forward-looking statements, including but not limited to comments regarding predictionsand projections. Forward-looking statements address future events and conditions and therefore involve inherentrisks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
DisclaimerKalimantan Gold
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Gold
East Kalimantan
Copper
Central Kalimantan
Coal
East Kalimantan
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Thermal Coal Market
Leading energy source
80% Chinas & Indias power
Indonesia, worlds largest exporter
60% from East Kalimantan
Robust demand for thermal coal
Large number of undevelopedareas in East Kalimantan
Gold
East Kalimantan
Copper
Central Kalimantan
Coal
East Kalimantan
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Coal Division established 2007 withexperienced coal manager appointed
Strategy
Exploit extensive local knowledge and contacts
Identify prospective undeveloped areas (some 80 areas reviewed)
Assess
potential size
calorific value strip ratio
accessibility, logistics to port
Enter Agreement with owner: eg Option, Participation Agreement,Profit Share
Upgrade/ establish resource through drilling
Package data, market and negotiate sale
Kalimantan Gold
Coal
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PT Indobara PratamaKalimantan Gold
PT Indobara Pratama (IBP) KLG drilling now complete
2,700 hectare site
Low calorific value coal 4,900 kcal/kg
Low strip ratio 4:1
Good logistics with nearby river jetty
Option taken lapsed; profit share agreement
Drilled 58 holes over 4600 m, established potential resource 270 MT
Sale agreement reached
Coal
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PT Indobara Pratama Agreement to sellKalimantan Gold
Daun Consulting Singapore to acquire 80% of IBP subject to $1 millescrow, due diligence and settlement.
On completion IBP to pay KLG:US$ 1.37 mill: $ 1 mill April 2010, balance following 12 months.
Production royalty $ 0.40 p/t
Daun to pay KLG:$4.766 mill for assistance in DD, off take & mine development: $0.5 millafter 6 weeks DD, $2.2 mill positive DD, $2.066 mill mine start-up.
Production royalty $0.10
Daun is the organiser of a Coal Investment Entity targeting US$ 200 Million toacquire a portfolio of Indonesian coal mines with reserves of 300-500 m/t andproducing 15-20 m/t pa.
Completion $6 mill & $0.5 p/t royalties, production end 2010 scalingup to 10MT pa
Coal
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Coal SummaryKalimantan Gold
Sale agreement entered into on IBP; subject to completion KLG willreceive upfront cash $6 mill & production royalties $0.5 p/t
Continue strategy of identifying prospective undeveloped areas
Create ongoing cash flow and capital receipts
Coal
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Gold
East Kalimantan
Copper
Central Kalimantan
Coal
East Kalimantan
Jelai epithermal gold project
12 prospects over 5,000 ha, but
only Mewet drilled
126 holes drilled over 13,959 m,including 26 by Ivanhoe
Drill results, including bonanzagrades, confirm potential for majordeposit
Size/structure/grade comparable
with Vera Nancy mine in Australia(2 mill ounces)
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Mewet Prospect KLG Drilling
Hole From To Metres Au g/t Ag g/t Vein
JM018 115.0 119.5 4.5 6.4 8 Mewet
JM019 185.1 191.2 6.1 5.7 15 Mewet
JCM 13 32 36.7 4.75 10.43 14 Sembawang South
JCM 26 42 47.2 5.2 5.6 3 Sembawang Central
JCM 27 12.5 18.5 5.95 2.15 4 Sembawang Central
JCM 38 21.9 27.3 5.4 11.74 5 Lipan
JCM 50 26.5 34.5 8.05 4.52 3 Lipan
JCM 67 121 130.5 9.5 7.08 10 Mewet
JCM 69 22.7 28.7 6.00 15.84 81 Mewet
JCM 76 14.1 27.0 12.90 2.23 6 Mewet
JCM 81 34.3 41.2 6.9 24.7 23 Mewet
JCM 92 21 25 4 13.27 19 Sembawang South
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Gold
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Jelai Project prospect areasKalimantan Gold
Gold
Bukit Libang Bukit Cinta
Salam Vein
Nyabi VeinAdau Vein
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Jelai Project consultants reportsKalimantan Gold
Gold
Jelai vein system has potential to contain a world classdeposit. Worsley, 1999
Mewet lode system has the potential to contain a world classdeposit. Wake, 2006
Referring to KLG drilling, has enhanced the chance ofdelineating a major gold resource. Pollard, 2008
Target identified of 900,000-950,000 tonnes at 3 g/t Au & 3 g/tAg on 250 m of Mewets 6,000 m strike length. Gunter, 2009
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Jelai Project current developmentsKalimantan Gold
Gold
Strong Joint Venture interest
Continuing interest shown by companies
On site and detailed desk & field reviews
External Direct Investment
Sourcing investors to acquire minority stake in the project
$2 to $3 mill for feasibility study or $10 mill to develop a small
scale mine; 20,000 ounces pa
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Gold
East Kalimantan
Copper
Central Kalimantan
Coal
East Kalimantan
K SK CoW
KSK Contract of Work 941 km2
Explored since 1997 including 36,000
m drilling; $16.4 mill spent
38 prospects identified including 5major copper porphyry targets
In 2007 Oxiana spent $2.5 onmedium/shallow depth drilling
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KSK CoW Drill HighlightsKalimantan Gold
Copper
Hole From To Meters CU (%) Au (g/t) Ag (g/t)
BF 5
includes
2.4
40.4
85.4
64.4
83.0
24.0
2.64
5.08
0.22
0.02
61.1
88.5
BF 9 6.8 36.8 30.0 2.18 0.05 53.7
BF28/030includes
1.01.0
42.812.0
41.811.0
3.1811.5
0.160.24
101296
BK 2 4.50 171.0 167.0 0.59 - -
BK 3 6.5 85.5 79.0 0.89 - -
BK 5 3.0 105,0 102.0 0.62 - -
BFChannel - - 9.0 14.03 0.10 464.3
BF Float - - - 16.40 17.3 460.0
BF = Baroi BK = Beruang
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New study confirms KSK prospectively formajor porphyry
Kalimantan Gold
Copper
Airborne magnetic data reprocessed using advanced inversiontechnology
3D profiles of large magnetic bodies coincident with surfacegeochemistry, geology & previous drilling results
Confirms potential for major porphyry deposits
New JV interest
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KSK CoW 5 major targetsKalimantan Gold
Copper
Mansur
Beruang Tengah
Beruang Kanan
Baroi
MamuringNor thMansur
FEZ
DangoiKa lang
Volcano
Tumbang Huoi
Focus 1
Kalang
Low Z oneGold Zone
BAROI
MANSUR
BERUANG TENGAH
BERUANG KAN AN
Beruang South
DerajoiNabalang
Rinjen
Liang Bulau I I L iang Bulau I
Sama Tuan
Copper Prospect
Gold Prospect
MAMURING
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KSK CoW Magnetic perspective of prospectsKalimantan Gold
Copper
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Near surface magnetic anomaly, 800m diameter x 1,000 vertical depth, missed by
previous drilling. Underlies 1km diameter Copper / gold surface anomaly, with porphyryrocks exposed. Large quantities gold recovered from Mansur river which drains the area
KSK CoW Mansur ProspectKalimantan Gold
Copper
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Kalimantan Gold
Copper
Untested magnetic anomaly, 900m wide x 1200m long, underlies 700m wide
surface copper & gold anomalies with porphyry rocks alteration exposed
KSK CoW Beruang TengahKalimantan Gold
Copper
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Kalimantan Gold
Copper
Untested 750m wide magnetic anomaly underlies 6 x 4 km surface copper
mineralisation with nearby massive base metal zones (occur peripheral to porphyry)
KSK CoW Beruang KananKalimantan Gold
Copper
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KSK SummaryKalimantan Gold
Copper
Extensively explored but previous drilling at shallow / mediumdepths
Reprocessed aeromagnetic data has produced profiles of largemagnetic bodies coincident with surface geochemistry, geology andprevious drilling results
Confirms potential for major porphyry deposits below areas drilled
Has lead to renewed JV interest
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Community Development our social license
Building local capacity to self managevillage development
Linking villages with local governmentservices
Link donor agency support to theneeds of communities
Providing technical support toimprove livelihoods
Programs currently operating in 24villages
Working in advance of mining to foster good relationships &strengthen local capacity using a Hand Up approach
Kalimantan Gold
CommunityDevelopment
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Peter BojtosChairman
Rahman ConnellyDeputy Chairman,CEO
Faldi IsmailDirector
DorisMeyerCFO
Gerald CheyneDirector CorporateDevelopment
Mansur GeigerVP Exploration
Brett GunterTechnicalAdvisor, Jelai
Nick CottamCorporate RelationsManager
Dr Peter PollardTechnicalAdviser
Bardolf PaulCommunityDevelopment
Directors and Senior Management
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AIM & TSX.V code: KLG
Shares outstanding 121.5 million
Warrants 0
Options 5.4 millionFully diluted 126.9 million
Market Capitalisation at 5p is 6.07 million
Kalimantan
Investment
Corporation
Management
Retail and
Institutional
Holders
Share Structure
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In summary the KLG opportunity
CoalIBP completion will provide cash / royalties, new projects beinginvestigated
GoldPotential for substantial resource; JV or small scalemine to develop
CopperNew study confirming KSK potential attractingrenewed interest
Gold
East Kalimantan
Copper
Central Kalimantan
Coal
East Kalimantan
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Contact
Gerald Cheyne,
Director Corporate Development
Office +44 (0) 2077311806
Mobile +44 (0) 7717473168Email: [email protected]
www.kalimantan.com
Gold
East Kalimantan
Copper
Central Kalimantan
Coal
East Kalimantan
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