Director Resignation

KazakhGold Group Ltd 12 October 2007 OCTOBER 12, 2007 DIRECTOR RESIGNATION KazakhGold Group Limited (LSE: KZG) announces that Mr Stephen Oke has stepped down from his positions as non-executive director of the Company and chairman of its audit committee. Commenting today, Kanat Assaubayev, executive chairman of KazakhGold, said: 'The Board is sorry that Steve has decided to leave the Company. On behalf of the Board I would like to thank him for his significant contribution to the company both during and since its IPO and listing on the London Stock Exchange. His knowledge and insight of the international mining industry, his investment banking experience and his Chairmanship of the Audit Committee have greatly contributed to the company's development in progressing towards its objective of becoming the leading gold producer in Central Asia.' Further Information: Sanzhar Assaubayev General Manager, London Office KazakhGold Group Limited Tel: +44 (0)20 7409 2377 Ron Marshman/John Greenhalgh City of London PR Limited Tel: +44 (0)20 7628 5518 This information is provided by RNS The company news service from the London Stock Exchange