FOR: KALIMANTAN GOLD CORPORATION LIMITED

TSX VENTURE, AIM SYMBOL: KLG

January 28, 2008

Kalimantan Gold Corporation Limited: Pollard Report Highlights Untested Potential at KSK Copper Gold
Prospect

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 28, 2008) - The "untested potential" in several areas
of Kalimantan Gold Corporation's (TSX VENTURE:KLG)(AIM:KLG) KSK copper gold concession in Central
Kalimantan, Indonesia has been confirmed in a report by leading copper specialist Dr Peter Pollard.

Dr Pollard was asked to produce an independent report on the KSK Contract of Work following a decision
by Oxiana Ltd in December 2007 not to exercise its joint venture Option at KSK. Oxiana had previously
spent US$2.5 million drilling 16 holes to test the four highest ranked copper prospects which failed
to indicate the presence of a shallow style economic porphyry deposit.

Dr Pollard's report states that while several parts of prospects were downgraded by Oxiana's work,
there are a number of untested targets at the KSK Beruang and Baroi prospects supported by KGC's
earlier work as well as the recommendations of its consultants. "Dr Pollard supports the view of our
own geologists that there are still valid known targets to be tested within our main prospect areas,"
commented CEO Rahman Connelly.

KGC currently has three expressions of interest from major companies to review the KSK data, one of
which has already commenced a data review as a first step towards entering into a formal co-operation
agreement. Rahman Connelly adds that "Future co-operation arrangements will be structured to ensure
that our own geologists, along with Dr Peter Pollard, are involved in detailed program design as well
as a structured review process at various milestones during the program."

Dr Pollard's report along with a technical summary of Oxiana's drill program can be viewed at
www.kalimantan.com.

Dr Peter Pollard is a consulting economic geologist with more than 20 years experience. He holds a PhD
from James Cook University, Australia and is a Member of the Australasian Institute of Mining and
Metallurgy and a Fellow of the Society of Economic Geologists. Dr Pollard has consulted widely on
porphyry copper-gold and iron oxide copper-gold deposits. He has worked on some of the world's major
porphyry copper-gold deposits including Grasberg (Indonesia), Escondida Norte (Chile) and Oyu Tolgoi
(Mongolia). In addition, he has consulted on porphyry exploration programs in Australia, China,
Indonesia, Iran, Kazakhstan, Mongolia, Peru, U.S.A. and Vietnam.

About Kalimantan Gold

Kalimantan Gold Corporation Limited is a junior exploration company listed on both the TSX Venture
Exchange in Canada and on AIM. The company is focused on copper and gold in Indonesia and has
exploration rights in two areas: the Jelai-Mewet epithermal gold prospects in East Kalimantan and the
copper-gold porphyry prospects in Central Kalimantan.


Summary of main prospects from Dr Peter Pollard's report

Oxiana's program included geological mapping, reprocessing of geophysical data and drilling 16 diamond
drill holes.

Beruang Kanan - Main Zone: Five holes were drilled and all encountered low-grade copper
mineralization, with the best intersections being in KBK0021 with 44m @ 0.58% Cu from 16.6m and 41.7m
@ 0.46% Cu from 147m. The drilling did not test the deeper part of the main target previously proposed
by Leach (2001) in the vicinity of BK09 and the mineralization is therefore open in this area.

Beruang Kanan - South Zone: The two holes drilled did not test the main part of the coincident IP
chargeability and copper in soil anomalies defined by previous work by Geiger et al. (2005).

Beruang Tengah: One hole was drilled targeting high copper in rock chips as well as mapped phyllic
alteration and milled breccia. The hole contained no significant copper mineralization and it was
concluded that the prospect had no room to host a near-surface economic porphyry copper deposit. The
prospect has been delineated by rock chip sampling of creek outcrops, but veining and surface limonite
development extend beyond this area, particularly to the south and west. Although the recent drilling
downgraded the current prospect area, there appears to be scope for further work possibly involving an
extended soil geochemical survey with IP and ground magnetics to help delineate further targets.

Baroi - Central Zone: One hole drilled in Central Baroi targeted a conceptual geophysical and
geochemical target but failed to intersect significant mineralization. Two further targets which were
supported by the reprocessed IP data were not drilled.

Baroi Far Eastern Zone: One hole was drilled in a base metal vein zone and confirmed earlier
interpretations that there is no shallow porphyry style mineralization in this area.

Mansur: Three holes were drilled, two in the area of the main copper in soil anomaly and one targeting
an IP anomaly further south. The holes returned no significant mineralization and indicate that it is
highly unlikely an economic porphyry copper system is present at Mansur.

Tumbang Huoi: No new drilling was carried out at Tumbang Huoi where the presence of copper in soil
anomalies and widespread potassic alteration (biotite +/- magnetite) in earlier drill holes suggest
that this prospect may have some potential. Further work involving IP and ground magnetic surveys over
the main copper in soil anomalies may help to delineate any sulphide rich zones for further work.

Mamuring and Rinjen: The geochemical anomalies present have received limited exploration attention.
These require collection of basic geological data, geochemical data and mineralized samples in order
to allow their potential to be assessed. The potential for high-grade skarn-style copper-gold
mineralization at Mamuring should be investigated.


FOR FURTHER INFORMATION PLEASE CONTACT:

Kalimantan Gold Corporation Limited
Rahman Connelly
Deputy Chairman and CEO
+61 7 552 32298 or +61 418 116 955
Email: rconnelly@ozemail.com.au

OR

Kalimantan Gold Corporation Limited
Nick Cottam
Corporate Relations Manager
+44 (0) 1394 384115
Website: www.kalimantan.com

The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this
release.





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