Copper, Gold & Coal Projects in

Kalimantan, Indonesia

Kalimantan Gold Corporation

KLG: AIM, TSX.V
December 2009

Kalimantan Gold
Disclaimer
Kalimantan Gold

Kalimantan Gold Corporation Limited "KLG" has taken all reasonable care in producing and publishing
information contained in this presentation. Material in this presentation may still contain technical or other
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advise U.S. investors that the SEC's mining guidelines generally prohibit information of this type in documents filed
with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral
deposits on our properties.

Forward-Looking Statements

This presentation contains forward-looking statements, including but not limited to comments regarding predictions
and projections. Forward-looking statements address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

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Gold Copper Coal
East Kalimantan Central Kalimantan East Kalimantan

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 Gold Copper Coal
East Kalimantan Central Kalimantan East Kalimantan

Thermal Coal Market

Leading energy source
80% China’s & India’s power
Indonesia, world’s largest exporter
60% from East Kalimantan
Robust demand for thermal coal
Large number of undeveloped
areas in East Kalimantan

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Coal Division established 2007 with Coal
Kalimantan Gold
experienced 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

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PT Indobara Pratama Coal
Kalimantan 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

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PT Indobara Pratama – Agreement to sell Coal
Kalimantan Gold

Daun Consulting Singapore to acquire 80% of IBP subject to $1 mill

escrow, 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 mill
after 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 to
acquire a portfolio of Indonesian coal mines with reserves of 300-500 m/t and
producing 15-20 m/t pa.

Completion $6 mill & $0.5 p/t royalties, production end 2010 scaling
up to 10MT pa
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Coal – Summary Coal
Kalimantan Gold

Sale agreement entered into on IBP; subject to completion KLG will

receive upfront cash $6 mill & production royalties $0.5 p/t

Continue strategy of identifying prospective undeveloped areas

Create ongoing cash flow and capital receipts

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 Gold Copper Coal
East Kalimantan Central Kalimantan 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 bonanza

grades, confirm potential for major
deposit

Size/structure/grade comparable
with Vera Nancy mine in Australia
(2 mill ounces)

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Mewet Prospect – KLG Drilling Gold
Kalimantan Gold

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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Jelai Project – prospect areas Gold
Kalimantan Gold

Adau Vein
Bukit Libang Bukit Cinta Nyabi Vein
Salam Vein

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Jelai Project – consultants reports Gold
Kalimantan Gold

“… Jelai vein system has potential to contain a world class

deposit”. Worsley, 1999

“Mewet lode system … has the potential to contain a world class

deposit”. Wake, 2006

Referring to KLG drilling, “… has enhanced the chance of

delineating a major gold resource”. Pollard, 2008

“Target identified of 900,000-950,000 tonnes at 3 g/t Au & 3 g/t

Ag on 250 m of Mewet’s 6,000 m strike length”. Gunter, 2009

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Jelai Project – current developments Gold
Kalimantan 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 Copper Coal
East Kalimantan Central Kalimantan East Kalimantan

KSK Contract of Work – 941 km2

• Explored since 1997 including 36,000
m drilling; $16.4 mill spent

• 38 prospects identified including 5

major copper porphyry targets

• In 2007 Oxiana spent $2.5 on KSK CoW

medium/shallow depth drilling

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KSK CoW – Drill Highlights Copper
Kalimantan Gold

Hole From To Meters CU (%) Au (g/t) Ag (g/t)

BF 5 2.4 85.4 83.0 2.64 0.22 61.1

includes 40.4 64.4 24.0 5.08 0.02 88.5

BF 9 6.8 36.8 30.0 2.18 0.05 53.7

BF28/030 1.0 42.8 41.8 3.18 0.16 101

includes 1.0 12.0 11.0 11.5 0.24 296

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 - -

BF
- - 9.0 14.03 0.10 464.3
Channel

BF Float - - - 16.40 17.3 460.0

BF = Baroi BK = Beruang
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New study confirms KSK prospectively for Copper
Kalimantan Gold
major porphyry

Airborne magnetic data reprocessed using advanced ‘inversion

technology

3D profiles of large magnetic bodies coincident with surface

geochemistry, geology & previous drilling results
Confirms potential for major porphyry deposits
New JV interest

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KSK CoW – 5 major targets Copper
Kalimantan Gold

Mansur Copper Prospect

Beruang Tengah Gold Prospect
Liang Bulau II Liang Bulau I
Beruang Kanan
Sama Tuan
Baroi
Mamuring
Nabalang
North Derajoi
Mansur
MAMURING
MANSUR Focus 1 Rinjen

BAROI Dangoi
Kalang
FEZ BERUANG KANAN

BERUANG TENGAH
Volcano Gold Zone
Low Zone
Tumbang Huoi
Beruang South

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KSK CoW – Magnetic perspective of prospects Copper
Kalimantan Gold

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 KSK CoW – Mansur Prospect Copper
Kalimantan Gold

Near surface magnetic anomaly, 800m diameter x 1,000 vertical depth, missed by
previous drilling. Underlies 1km diameter Copper / gold surface anomaly, with porphyry
rocks exposed. Large quantities gold recovered from Mansur river which drains the area 19
 Copper
KSK CoW – Beruang Tengah Copper
Kalimantan Gold
Kalimantan Gold

Untested magnetic anomaly, 900m wide x 1200m long, underlies 700m wide
surface copper & gold anomalies with porphyry rocks alteration exposed 20
 Copper
KSK CoW – Beruang Kanan Copper
Kalimantan Gold
Kalimantan Gold

Untested 750m wide magnetic anomaly underlies 6 x 4 km surface copper

mineralisation with nearby massive base metal zones (occur peripheral to porphyry) 21
KSK Summary Copper
Kalimantan Gold

Extensively explored but previous drilling at shallow / medium

depths

Reprocessed aeromagnetic data has produced profiles of large

magnetic bodies coincident with surface geochemistry, geology and
previous 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 Community
Development
Kalimantan Gold

“ Working in advance of mining to foster good relationships &

strengthen local capacity using a ‘Hand Up’ approach”

Building local capacity to self manage

village development

Linking villages with local government

services

Link donor agency support to the

needs of communities

Providing technical support to

improve livelihoods

Programs currently operating in 24

villages

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 Directors and Senior Management
Kalimantan Gold

Peter Bojtos Rahman Connelly Doris Faldi Ismail Mansur Geiger

Chairman Deputy Chairman, Meyer Director VP Exploration
CEO CFO

Brett Gunter Gerald Cheyne Bardolf Paul Nick Cottam Dr Peter Pollard
Technical Director Corporate Community Corporate Relations Technical
Advisor, Jelai Development Development Manager Adviser

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Share Structure
Kalimantan Gold

AIM & TSX.V code: KLG

Kalimantan
Shares outstanding 121.5 million Investment
Corporation
Warrants 0
Management
Options 5.4 million
Fully diluted 126.9 million
Retail and
Institutional
Holders
Market Capitalisation at 5p is £ 6.07 million

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 Gold Copper Coal
East Kalimantan Central Kalimantan East Kalimantan

In summary the KLG opportunity

Coal
IBP completion will provide cash / royalties, new projects being
investigated

Gold
Potential for substantial resource; JV or small scale
mine to develop

Copper
New study confirming KSK potential attracting
renewed interest

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 Gold Copper Coal
East Kalimantan Central Kalimantan East Kalimantan

Contact

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

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