Q2 production of 61,536 oz

KazakhGold Group Ltd
12 July 2006

July 12, 2006

                        KAZAKHGOLD GROUP LIMITED


  KazakhGold Announces Unaudited Production Figures For Second Quarter 2006



KazakhGold Group Limited (London: KZG), one of the leading gold producers in
Kazakhstan, is pleased to announce a production update for the quarter ended
June 30, 2006.



Gold production from Aksu, Bestobe and Zholymbet, the Group's three operating
mines in northern Kazakhstan, totalled 61,536 ounces during the second quarter
of 2006. This equates to an increase of 83 per cent over the 33,624 ounces
produced in the first quarter. The results bring total gold produced in the
first-half of 2006 to 95,160 ounces.



In the twelve months to June 2006, KazakhGold has produced 177,144 ounces of
gold, reflecting delivery of the company's rapid ramp-up in production.



Further Information:



Aidar Assaubayev                           Ron Marshman
Deputy Chief Executive                     City of London PR Ltd
KazakhGold Group Limited                   Tel:      [phone]
Tel:      [phone]             Email: [e-mail]
Email:  [e-mail]

www.kazakhgold.com








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