Kingsgate Consolidated Limited

Consistent with Kingsgate Consolidated Limited's (ASX:KCN) (PINK:KSKGF) stated strategic intentions to diversify its asset base the company continues to review, on an opportunistic basis, gold projects in Southeast Asia and the Pacific Rim, including Australasia.

Recent drilling to extend mineral resources at Kingsgate Consolidated Limited's (ASX:KCN) (PINK:KSKGF) Chatree Mine has intersected new high grade gold zones in the A and S Pit areas.

The Australian market delivered a strong opening on Monday as investors were inspired by the US Federal Reserve Chairman Ben Bernanke's comments. Wall Street rallied on Friday after Mr. Bernanke said the central bank will do whatever it takes in to support an economic recovery. This morning the local market saw a 1.6 per cent rise in S&P/ASX200 index, and the All Ordinaries gained 1.5 per cent.

Gold producer Kingsgate Consolidated Ltd (ASX:KCN) has reported its largest ever profit after tax of A$73 million for the year ending 30 June 2010. This profit is up 125% on last year's A$33 million profit.

The Australian share market opened lower after receiving negative leads from overseas over the weekend. Last week, Wall Street fell for four consecutive days and most metals and oil prices were lower.

Kingsgate Consolidated Limited (ASX:KCN) (PINK:KSKGF) has finalised and signed a construction contract for the Chatree North processing plant expansion project with the global diversified engineering services and project management group, Ausenco Limited (ASX:AAX) (PINK:AUEOF). The expansion project involves the construction of a new plant and upgrade of existing infrastructure to more than double the mine's combined ore processing capacity to over 5 million tonnes per annum of mine ore.

Kingsgate Consolidated Limited (ASX:KCN) (PINK:KSKGF) has substantially increased its interim Mineral Resources and Ore Reserve estimates for 2010 at the Chatree Gold Mine in central Thailand.

Kingsgate Consolidated Limited (ASX:KCN) (PINK:KSKGF) has received the final details of the Thai Board of Investment ("BOI") promotional incentives for the expansion of the Chatree Mine and its ore processing plant to a combined capacity of 5 million tonnes per annum.

Kingsgate Consolidated Limited (ASX:KCN) (PINK:KSKGF) low cost Chatree gold mine in central Thailand completed a successful year, producing 132,600 ounces gold as the company forecast.

Kingsgate Consolidated Limited (ASX:KCN) (PINK:KSKGF) a low cost gold producer and a highly successful gold mining and exploration company, is pleased to provide a quarterly report for the period ending 30 June 2010.