Kalimantan Gold Announces Director Appointment

Kalimantan Gold Corporation Limited ('KLG?) is pleased to announce the
appointment of Francis Xavier De Souza as an independent non-executive
director to KLG. In addition, Mr De Souza has been appointed to the
audit committee of KLG.

Mr De Souza (aged 34) is a highly regarded finance professional, who has
a Bachelor of Commerce from Curtin University in Western Australia and
has 12 years′ experience in financial services, especially in corporate
advisory and equity markets. Mr De Souza's business experience has
included equity structured sales and trading (at Citigroup), mergers and
acquisitions, asset divestments, equity and hybrid financing, corporate
business development and project evaluation across a range of mineral
commodities.

He is a founder and director of Otsana Capital Ltd, a private boutique
advisory firm specialising in mergers and acquisitions, capital
raisings, Initial Public Offerings and corporate restructuring. Mr De
Souza is also currently a Director of ASX listed Epic Resources Ltd,
Conto Resources Ltd and Emergent Resources Ltd, all junior exploration
companies with projects in Australia.

About Kalimantan Gold

Kalimantan Gold Corporation Limited is a junior exploration company
listed on both the TSX Venture Exchange in Canada and on AIM in London.
The Company has two exploration projects in Kalimantan: the Jelai
epithermal gold project in East Kalimantan (which is optioned to Tigers
Realm Metals Pty Ltd) and the KSK Contract of Work in Central Kalimantan
with multiple porphyry copper and gold prospects (which is optioned to a
wholly owned subsidiary of Freeport-McMoRan Exploration Corporation).
For further information please visit www.kalimantan.com.

To view the graphic associated with this release, please click on the
following link:

http://www.usetdas.com/pr/kalimantanmap08012012.jpg.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements that are based
on the Company′s current expectations and estimates. Forward-looking
statements are frequently characterized by words such as 'plan?,
'expect?, 'project?, 'intend?, 'believe?, 'anticipate?, 'estimate?,
'suggest?, 'indicate? and other similar words or statements that certain
events or conditions 'may? or 'will? occur. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that could cause actual events or results to differ materially
from estimated or anticipated events or results implied or expressed in
such forward-looking statements.Such factors include, among
others: the actual results of current exploration activities;
conclusions of economic evaluations; changes in project parameters as
plans continue to be refined; possible variations in ore grade or
recovery rates; accidents, labour disputes and other risks of the mining
industry; delays in obtaining governmental approvals or financing; and
fluctuations in metal prices.There may be other factors that
cause actions, events or results not to be as anticipated, estimated or
intended.Any forward-looking statement speaks only as of the
date on which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new
information, future events or results or otherwise. Forward-looking
statements are not guarantees of future performance and accordingly
undue reliance should not be put on such statements due to the inherent
uncertainty therein.

Kalimantan Gold Corporation Limited

Faldi Ismail

Deputy
Chairman and CEO

Mobile: +61 (0) 423 206 324

Email: faldi.ismail@kalimantan.com

or

Gerald
Cheyne

Director Corporate Development

Telephone: +44 (0)
2077311806

Mobile: +44 (0) 7717473168

Email: gerald.cheyne@kalimantan.com