Award For KazakhGold CEO

KazakhGold Group Ltd
15 December 2006




                                                               DECEMBER 15, 2006



                      PRESIDENT OF KAZAKHGOLD AWARDED
                        PRESTIGIOUS NATIONAL ORDER

Kurmet Order Reflects Government Support For Company And Its Objectives

KazakhGold Group Limited (LSE: KZG) is pleased to announce that Dr Kanat
Assaubayev,  President and Chief Executive of the company, has been awarded the
Kurmet Order by Nursultan Nazarbayev, President of Kazakhstan.

The Kurmet Order, is one the most prestigious national honours and is awarded
for achievements in development of the national economy and social and public
activities.

The award to Dr Assaubayev reflects the Government's strong support for what
KazakhGold has achieved to date and the progress it has made towards becoming a
major gold producer.


Further Information:



Aidar Assaubayev                                    Ron Marshman/John Greenhalgh
Deputy Chief Executive                              City of London PR Limited
KazakhGold Group Limited                            Tel:  [phone]
Tel: [phone]                            Mobile: +44  (0) 7767-445390


                          Website: www.kazakhgold.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange