KFG KFG Resources Ltd

NATCHEZ, Miss., Nov. 2, 2011 /CNW/ -- KFG Resources Ltd President, Robert A. Kadane, reported positive quarterly earnings for the Company's subsidiary, KFG Petroleum Corporation. For the first Quarter ended July 31, 2011 oil and gas sales were $1,116,249 US compared to $442,676 for the corresponding quarter ended July 31, 2010. Net Income for the period was $676,140 or .0135 cents per share compared to $153,431 or .003 cents per share for the quarter ended July 31, 2010. Cash Flow from operations for the quarter ended July 31, 2011 was $638,950 US, or .0127 cents per share versus a deficit of $178,205 US for the quarter ended July 31, 2010. Total Current Assets were $2,006,624 versus Current Liabilities of $809,542. There was no Long Term Debt. See Table Below: Revenue Three Months ended Three Months ended July 31, 2011 July 31, 2010 Oil Sales $1,116,249 $442,676 Net Income $676,140 $151,898 Cash Flow from Operations $638,950 ($178,205) The Company's main properties are located in Concordia Parish, Louisiana and Jefferson County, Mississippi. The Company's common shares are listed on the TSX Venture Exchange, Vancouver, B. C. trading symbol "KFG". The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. KFG Resources Ltd CONTACT: Robert A. Kadane, President, +1-303-825-7080

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