Kalimantan Gold Appoints Alexander David Securities

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 28, 2009) - Kalimantan Gold Corporation (TSX VENTURE:KLG - News; AIM:KLG) is pleased to announce the appointment of Alexander David Securities Limited, which assisted KLG in its recent successful C$850,000 private placement, as its new broker with immediate effect.

Kalimantan Gold is a junior exploration company listed on both the TSX Venture Exchange in Canada and on AIM. The company is active in Indonesia where it has three areas of interest: the Jelai epithermal gold prospect in East Kalimantan; coal opportunities, also in East Kalimantan and a Contract of Work in Central Kalimantan with multiple porphyry copper and gold prospects.

The company's immediate focus is negotiating off-take agreements for its coal opportunities as these are nearest to producing cash flow. Indonesia is a major coal producer and coal is a leading energy source, producing 80% of China and India's electricity. KLG is also currently examining ways of bringing its Jelai gold prospect into early stage production.

RFC Corporate Finance Ltd acts as KLG's Nominated Adviser for the purposes of its AIM listing, contact Stuart Laing, ph: +618 9480 2506 or email: stuartl@rfc.com.au.

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.

Rahman Connelly
Kalimantan Gold Corporation Limited
Chief Executive Officer
+61 418116955

Gerald Cheyne
Kalimantan Gold Corporation Limited
Corporate Development
+44 (0) 207 731 1806

Nick Cottam
Kalimantan Gold Corporation Limited
Public Relations
+ 44 (0) 1394 384115
www.kalimantan.com

Jon Levinson
Alexander David Securities Limited
+44 (0) 20 7448 9826

Nick Bealer
Alexander David Securities Limited
+44 (0) 20 7448 9826