CorpPres 2009 Dec

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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

Kalimantan Gold

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

Kalimantan Gold


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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

Kalimantan Gold


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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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