Proposes Main Market Listing

KazakhGold Group Ltd
02 November 2007




NOVEMBER 2, 2007

                    PROPOSED MOVE FROM GDR LISTING TO MAIN MARKET


KazakhGold Group Limited (LSE: KZG) announces today that it is reviewing its
strategic options including listing its shares on the Official List of the UK
Listing Authority (the 'Official List') and seeking admission to trading on the
London Stock Exchange plc's Main Market for listed securities (the 'Main
Market').


JPMorgan Cazenove Limited was appointed as corporate broker to KazakhGold on 1
August 2007 and will be acting for the company as its financial adviser in
relation to reviewing its strategic options for moving its listing to the Main
Market.


Commenting on today's announcement, Kanat Assaubayev, Executive Chairman of
KazakhGold said: ''The Main Market in London is one of the most prestigious,
liquid international markets in the world and includes some of the world's
largest mining groups.  KazakhGold Group wishes to fully utilise this market in
order to enhance its investor profile, improve its transparency and
accountability, thereby adding value for our shareholders.  We look forward to
completing this move together with our new advisors JPMorgan Cazenove in the
shortest possible time frame.'



Further Information:

         Aidar Assaubayev                       Sanzhar Assaubayev
         Executive Vice Chairman                General Manager, London Office
         KazakhGold Group Limited               KazakhGold Group Limited
         Tel:  [phone]              Tel:  [phone]

         www.kazakhgold.com


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