Response To Press Comments

KazakhGold Group Ltd
27 February 2007




February 27, 2007

                           Response To Press Comments

KazakhGold Group Limited  (LSE: KZG) notes that two news articles that appeared
today on Interfax and Bloomberg contained incorrect references to remarks made
to plans by the company to issue equity capital.  KazakhGold wishes to clarify
that it has no existing plans to issue any new equity.

The remarks were made at a Fitch conference in Almaty concerning capital raising
alternatives for Kazakhstani companies.  As a listed company KazakhGold has
ongoing access to both the equity and debt capital markets.  These remarks were
general in nature, and did not relate to any specific plans of KazakhGold.


Further Information:


Aidar Assaubayev                                Ron Marshman/John Greenhalgh

Deputy Chief Executive                          City of London PR Limited

KazakhGold Group Limited                        Tel:  [phone]

Tel: [phone]


Website: www.kazakhgold.com


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