Transaction in Own Shares

VANCOUVER, British Columbia--()--

TSX Venture Exchange
and AIM
Symbol: “KLG”

Kalimantan’s Director sells Shares

Kalimantan Gold Corporation Limited (the “Company”) wishes to advise that Stephen Hughes, a director of the Company, notified the Company that on September 29, 2014, he has sold 190,000 shares of the Company, held directly by him, through the TSX Venture Exchange market at an average price of C$0.085 per share. Following this sale, Mr Hughes now holds no common shares in the Company.

ON BEHALF OF THE BOARD OF DIRECTORS

Faldi Ismail, Deputy Chairman and CEO

For further information please contact:

-Ends-

Faldi Ismail
Deputy Chairman and CEO, Kalimantan Gold
Mobile: +61 (0) 423 206 324
Email: faldi.ismail@kalimantan.com

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

VSA Capital Limited
Andrew Raca / Justin McKeegan
Telephone: +44 20 3005 5004 / +44 20 3005 5009
Email: araca@vsacapital.com

Kalimantan Gold's Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Trinity McIntyre
Telephone: +61 8 9480 2500
Email: andrew.thomson@rfcambrian.com / trinity.mcintyre@rfcambrian.com

About Kalimantan Gold Corporation Limited

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, Indonesia: the Jelai epithermal gold project in East Kalimantan and the KSK Contract of Work in Central Kalimantan with potential for multiple porphyry copper and gold prospects. For further information please visit www.kalimantan.com

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.

Short Name: Kalimantan
Category Code: POS
Sequence Number: 435142
Time of Receipt (offset from UTC): 20140930T232838+0100

Contacts

Kalimantan Gold Corporation Limited

Contacts

Kalimantan Gold Corporation Limited