Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

  • Investegate.co.uk
  • Trustnetoffshore.com
  • Trustnetmiddleeast.com
  • FETransmission.com
  • Trustnet.hk
  • FEAnalytics.com

For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

COOKIES

In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

If you want more information or have any questions or comments relating to our privacy policy please email publishing@financialexpress.net in the first instance.

 Information  X 
Enter a valid email address

Kalimantan Gold (KLG)

  Print      Mail a friend

Friday 25 May, 2007

Kalimantan Gold

Kalimantan's Fiscal Year 2006 Results



FOR:  KALIMANTAN GOLD CORPORATION LIMITED

TSX VENTURE, AIM SYMBOL:  KLG

May 25, 2007

Kalimantan's Fiscal Year 2006 Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 25, 2007) - Kalimantan Gold Corporation Limited (TSX
VENTURE:KLG)(AIM:KLG) -

Attached are the audited Consolidated Balance Sheets, Consolidated Statements of Operations and
Deficit, and Consolidated Statements of Cash Flows for the fiscal year ended December 31, 2006. The
Annual Report is available for viewing on www.sedar.com or www.kalimantan.com.

/T/

KALIMANTAN GOLD CORPORATION LIMITED
See Nature of Operations - Note 1
CONSOLIDATED BALANCE SHEETS
(a development stage company)
(In United States Dollars)

                                               December 31,    December 31,
As at                                                 2006            2005
--------------------------------------------------------------------------
--------------------------------------------------------------------------

ASSETS
Current assets
 Cash and cash equivalents                  $    1,734,944  $    1,252,942
 Prepaid items and advances                         97,824          28,255
                                             -------------   -------------
                                                 1,832,768       1,281,197
Security Deposit - Mineral Property (note 3)        14,999               -
Equipment (note 4)                                  79,162          19,859
                                             -------------   -------------
                                            $    1,926,929  $    1,301,056
                                             -------------   -------------
                                             -------------   -------------

LIABILITIES

Current liabilities
 Accounts payable and accrued liabilities   $      441,247  $      224,734

 Provision for employee service
  entitlements (note 5)                             21,329          36,127
                                             -------------   -------------
                                                   462,576         260,861
                                             -------------   -------------

SHAREHOLDERS' EQUITY
Share capital (note 6)                             579,256         435,737
Contributed surplus (note 6)                    15,004,832      12,434,897
Deficit                                        (14,119,735)    (11,830,439)
                                             -------------   -------------
                                                 1,464,353       1,040,195
                                             -------------   -------------
                                            $    1,926,929  $    1,301,056
                                             -------------   -------------
                                             -------------   -------------

Commitments (note 8)
Subsequent events (notes 3 and 10)

Approved by the Board of Directors:

/s/ 'Doris Meyer'                                  /s/ 'Rahman Connelly'

Doris Meyer                                         Rahman Connelly
Director                                            Director

The accompanying notes form an integral part of these consolidated
financial statements

KALIMANTAN GOLD CORPORATION LIMITED
See Nature of Operations - Note 1
CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT
(a development stage company)
(In United States Dollars)

                                               December 31,    December 31,
For the year ended:                                   2006            2005
--------------------------------------------------------------------------

EXPENSES
General and administrative
 Accounting and audit                       $       77,559  $       18,323
 Amortization                                        1,178           1,178
 Consultants (note 7)                              445,140          88,833
 Directors fees (note 7)                            30,000               -
 Investor relations                                 30,857           8,334
 Legal                                             158,626           9,985
 Office and administrative services                 11,477           6,512
 Stock compensation expense                        325,620         163,508
 Telephone and facsimile                             5,277           1,910
 Transfer agent, filing and exchange fees           81,976          29,223
 Travel and accommodation                           70,842          49,749
                                             -------------   -------------
                                                 1,238,552         377,555

Current exploration (note 3)                     1,015,940         727,719

Foreign exchange (gain) loss                        42,731         (16,614)

Interest income                                     (7,927)            (10)
                                             -------------   -------------

Loss for the year                                2,289,296       1,088,650

Deficit - beginning of year                     11,830,439      10,741,789
                                             -------------   -------------
Deficit - end of year                       $   14,119,735  $   11,830,439
                                             -------------   -------------
                                             -------------   -------------
Loss per common share                       $        (0.04) $        (0.03)
                                             -------------   -------------
                                             -------------   -------------
Weighted average number of
 shares outstanding                             57,826,031      36,334,975
                                             -------------   -------------
                                             -------------   -------------

The accompanying notes form an integral part of these consolidated
financial statements

KALIMANTAN GOLD CORPORATION LIMITED
See Nature of Operations - Note 1
CONSOLIDATED STATEMENTS OF CASH FLOWS
(a development stage company)
(In United States Dollars)

                                               December 31,    December 31,
For the year ended:                                   2006            2005
-------------------------------------------------------------------------
Cash provided from (used for)

Operating activities

Loss for the year                           $   (2,289,296) $   (1,088,650)
Add charges to operations not involving a
 current payment of cash:
 Amortization                                       11,151          11,997
 Stock compensation expense                        325,620         163,508

Changes in non-working capital items:
 Prepaid items and advances                        (69,569)           (586)
 Accounts payable and accrued liabilities          216,513         123,500
 Provision for employee service
 entitlements                                      (14,798)        (28,251)
                                             -------------   -------------
                                                (1,820,379)       (818,482)
                                             -------------   -------------

Investing activities
Security deposit mineral property                  (14,999)              -
Equipment                                          (70,454)         (6,546)
                                             -------------   -------------
                                                   (85,453)         (6,546)
                                             -------------   -------------

Financing activities

Capital stock issued for cash:
 Shares issued                                   2,567,840       1,708,049
 Share issue costs                                (180,006)        (11,548)
                                             -------------   -------------
                                                 2,387,834       1,696,501
                                             -------------   -------------

Net change in cash and cash equivalents            482,002         871,473

Cash and cash equivalents, beginning of year     1,252,942         381,469
                                             -------------   -------------

Cash and cash equivalents, end of year      $    1,734,944       1,252,942
                                             -------------   -------------
                                             -------------   -------------

The accompanying notes form an integral part of these consolidated
financial statements

/T/

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

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

OR

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

OR

Keith, Bayley, Rodgers & Co Limited
Gerald Cheyne
+44 (0)20 78712274
Email: gerald.cheyne@wcwb.co.uk

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

Kalimantan Gold Corporation Limited