Kentor GoldMarch 2012Investor Presentation

Focus

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1. Andash Gold Copper Project – Kyrgyzstan

2. Jervois Copper Gold Project – Australia

3. Murchison Gold Project - Australia

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Overview

KENTOR GOLD

Corporate Summary

ASX Code KGL

Share price (09/03/12) A$1.46

52 week high / low A$0.70 – A$1.46

Shares on issue 106.2 million

Options on issue 2.7 million

Market capitalization A$155 million

Cash (31/12/11) A$34 million

Debt Nil

Top shareholders Percentage holding

KMP Investments 12.75%

JPMorgan Nominees 11.80%

National Nominees 5.21%

KENTOR GOLD

80% 100%

Andash Mining Company (Kyrgyz Republic)

Jinka Minerals (Australia)

100%

Andash Gold Copper

100% 100%

Murchison (Au)

Jervois (Cu, Ag, Au, Pb, Zn)

John Barr AM, MAICD Chairman, Non-Executive (Former director Oxiana, Transurban, Acacia and Iluka)

Simon Milroy B.Eng (Mining) Managing Director (Formerly GM Project Development for Pan Aust, former Mining Manager Kingsgate)

Hugh McKinnon B.Eng. (Mining)Executive Director, Country Manager (Has worked on mining and exploration projects across Central Asia since 1996.  Resides in the Kyrgyz capital of Bishkek and speaks Russian)

Andrew Daley BSc (Hons) (Mining)Director, Non-executive (Andrew has a background in corporate finance and is also on the board of Pan Aust)

John Taylor B. Eng (Chemical); MBA

Director, Non Executive (John Taylor is currently the MD of Outotec Australasia)

Experienced Board

BOARD & MANAGEMENT

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Kyrgyz Republic

Country well connected by rail

- direct rail access to markets in Kazakhstan, China, Russia and Europe

Long history of gold mining (Kumtor production 500,000oz per annum)

Population 5 million

KYRGYZ REPUBLIC

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Other Western companies active in the resources sector:

- Centerra

- Goldfields

- Santos

- Manas Resources

- Chaarat

Talas Valley

9.9m @ 7.9g/t Au8m @ 6 g/t Au

57m @ at 1.5g/t Au, 1.4% Cu

Andash Overview

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ANDASH PROJECT

One of the world’s lowest cost gold mines

- Low Strip Open pit

- Standard Flotation

- High grade concentrate

Significant resource & reserve base

Excellent Exploration Potential

- Further upside from Zones 2 & 3

- Potential 10+ yrs mine life

Local approval imminent

- Strong engagement at federal level

- Government to own 20% of project

12 month construction programme

- All machines commissioned

Easy topography

Low elevation

Good road access

Nearby rail

Nearby power

Nearby water

Above: View from Andash ore body looking south

Overview (cont’d)

ANDASH PROJECT

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Gold g/t

Wide ore body, bulk mining

Outcrops

Low strip ratio 0.72:1

Conventional open pit & flotation

Base of pit follows footwall

High grade starter pit

Andash Long Section

ANDASH PROJECT

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Andash Cross Section 320 m E

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ANDASH PROJECT

Andash JORC Reserve Estimate

Category Tonnage (kt)Grade Metal

Au (g/t) Cu (%) Au (oz) Cu (t)

Proven* 4,050 1.06 0.45 138,205 18,275

Probable* 11,948 1.05 0.38 401,525 45,211

Total 15,999 1.05 0.40 539,730 63,486

Andash JORC Resource Estimate

Category Tonnage (kt)Grade Metal

Au (g/t) Cu (%) Au (oz) Cu (t)

Measured 4,083 1.14 0.48 148,463 19,538

Indicated 15,115 1.10 0.38 530,560 57,770

Total 19,200 1.10 0.40 679,023 77,308

Inferred 380 0.93 0.25 11,350 950

Andash JORC Resource & Reserve

*Ore Reserve estimated using assumptions of US$525/oz gold and US$3,000/t copper

ANDASH PROJECT

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3 stage crush, grind, float process

- 1.6mtpa to 3.2mtpa throughput

Initial mine life 6 years

- Zone 2 and 3 potential to extend mine life to 10+ yrs

- Further upside from nearby exploration targets

Annual production of 70,000 oz Au and 7,400t Cu

Capital Cost US$96m*

Cash cost US$29/oz Au**

High grade concentrate 24.5% Cu and 72 g/t Au

- No deleterious elements

Royalties – Gold 5%, Copper 3%

Andash Project Economics (KGL 80%)

ANDASH PROJECT

Project NPV (US$)

Gold Price

Copper Price (US$/lb)

(US$/oz) 2.25 2.75 3.25 3.75 4.25

1,000 103 130 157 185 212

1,200 150 177 204 231 258

1,400 197 223 251 278 305

1,600 243 271 298 325 352

1,800 290 317 344 372 399

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*capital cost under review, to be confirmed prior to development**after Cu credits and royalty at a long term Cu price of US$2.75/Ib

Andash Zone 2 and 3

ANDASH PROJECT

Explored by adits

30 diamond drill holes

Located 1 km west of Andash Zone 1

Exploration target of 5 to 10 mt of ore @ 1 to 1.5 g/t gold*

Potential to increase Andash mine life to 10 yrs +

* The potential quantity and grade of the Exploration Target are conceptual in nature and there has been insufficient exploration to define a Mineral Resource. It is uncertain if further exploration will result in the determination of a Mineral Resource.

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Jervois Copper Project

JERVOIS PROJECT (AUSTRALIA)

100% Interest

Granted Mining License

Land Holding 38 km2

12km of prospective strike

Outcropping Copper Ore

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Inferred Copper Resource of 11.9 Mt @ 1.3% Cu and 25.2 g/t Ag

- 150,500t of contained copper and 9.7 m oz contained silver

Additional Exploration Potential of 5.0 – 10.0Mt @ 0.75-1.25% Cu and 10-25g/t Ag

- 50,000 to 100,000 tonnes Cu and 3 to 5Mozs Ag

Gold frequently present in mineralisation but original drilling not tested for gold

- potential for significant gold resource

Reward Ore body Long Section

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JERVOIS PROJECT (AUSTRALIA)

Bellbird ore body Long Section

15Green circles are drill hole pierce points

JERVOIS PROJECT (AUSTRALIA)

Murchison Gold Project

Consists of the Burnakura and Gabanintha sites

700,000 ounce Inferred Resource @ 1.5g/t

- 20,000m RC drill programme underway to infill and increase resource

Plan to commence production in June 2012

MURCHISON GOLD PROJECT (AUSTRALIA)

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Existing Infrastructure

MURCHISON GOLD PROJECT (AUSTRALIA)

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Lewis Pit

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5m @ 102.2 g/t

17m @ 9.6 g/t

MURCHISON GOLD PROJECT (AUSTRALIA)

4 Stage Growth Strategy

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1. Refurbish and restart existing CIL Plant

2. Add a heap leach circuit to treat low grade ore

3. Expand plant to 500,000 tpa

4. Flotation of copper gold ore

MURCHISON GOLD PROJECT (AUSTRALIA)

Stage 1 Restart CIL Plant

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Expand to 260,000 tpa

High grade production – 3 g/t gold

Commence production in June 2012

Initial Production Rate 24,000 oz gold p.a.

Capital cost $14.8m

Stage 1 cash cost $1,224 / oz

MURCHISON GOLD PROJECT (AUSTRALIA)

Crushing and Heap Leaching Equipment

21Note: Photographs of equipment on site at the Indee mine site

MURCHISON GOLD PROJECT (AUSTRALIA)

 

Tonnes (mt)

Grade Au g/t

Grade Cu%

Grade Ag g/t

Gold (oz)

Copper (t)

Silver (Oz)

Andash Inferred 0.38 0.93 0.25   11,350 950  

Jervois Inferred 11.9   1.3 25.2   150,500 9,700,000

Burnakura Inferred 10.6 1.5     516,000    

Gabanintha Inferred 4.5 1.4     203,000    

Andash Indicated 15.12 1.0  0.38    532,643 57,770  

Andash Measured 4.08 1.04  0.48    149,046 19,538  

Total Resources 46.58 1,412,039 228,758 9,700,000

Kentor Group Resources

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Conclusion Near term gold production

Active exploration programmes at all Australian sites

Strong news flow

Strong cash position

Pipeline of projects

Increasing resources

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Forward-Looking Statements:This presentation includes certain “Forward-Looking Statements”. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding forecast cash flows and potential mineralisation, resources and reserves, exploration results and future expansion plans and development objectives of Kentor Gold Limited are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Simon Milroy on +61 7 31213206

or visit www.kentorgold.com

For more information contact

KEY CONTACTS

ASX Code: KGL

Level 9, 40 Creek Street, Brisbane, QLD, AUSTRALIA 4000

Fax: +61 7 3121 3030

Competent Persons Statements The information in this report that relates to mineral resource estimation for Gabanintha and Burnakura is based on work completed by Mr Jonathon

Abbott is a member of the Australasian Institute of Mining and Metallurgy. Mr Abbott has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Abbott consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The data in this report that relates to Mineral Resource Estimates for Jervois is based on information evaluated by Mr Simon Tear who is a Member of The Australasian Institute of Mining and Metallurgy (MAusIMM) and who has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”). Mr Tear is a full-time employee of Hellman & Schofield Pty Ltd and he consents to the inclusion in the report of the Mineral Resource in the form and context in which they appear.

The Resource estimates for Andash in this report are based on information compiled by Dr. Phil Newall, who is a Chartered Engineer and Fellow of the Institute of Materials Minerals and Mining and a full time employee of Wardell Armstrong International. Dr. Newall has sufficient experience which is relevant to the style of the mineralisation and the type of deposit under consideration and to the activity to which he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Dr. Newall has consented to the inclusion of this information in the form and context in which it appears in this report.

We advise in accordance with Australian Stock Exchange Limited Listing Rules 5(10) and 5(13) that the exploration results for Burnakura and Gabanintha are based on information compiled by Mr Nigel Cranley of Plutonic Geological Services who is a corporate member of the Australian Institute of Mining and Metallurgy. Mr Cranley is not a full time employee of Jinka Minerals Limited and has consented in writing to the inclusion in the presentation of matter based on the information so compiled by him in the form and context in which it appears.

The exploration data in this report relating to the Jervois project is based on information compiled by Rudy Lennartz, who is a member of the Australian Institute of Mining and Metallurgy and a full time employee of Jinka Minerals Ltd. Mr. Lennartz has sufficient experience which is relevant to the style of the mineralisation and the type of deposit under consideration and to the activity to which he is undertaking, to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Lennartz has consented to the inclusion of this information in the form and context in which it appears in this report.

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