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Kingsgate Consolidated June Quarter News Release

July 16th, 2009

Increased gold production + lowest cash costs of any ASX gold producer (US$169/oz before royalties) were released in Kingsgate’s (ASX:KCN) quarterly today.

♦ Quarterly Gold Production: 43,036 ounces.

♦ Quarterly Cash costs: US$228/ounce gold.

♦ Annual Gold Production to June 2009: 93,002 ounces.

♦ Cash on Hand A$30 million.

♦ Debt facility repaid in full.

For more information, please see http://www.kingsgate.com.au/news-desk/

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