KFG Resources Ltd. reported unaudited consolidated earnings results for the first quarter ended July 31, 2009. For the quarter, the company reported revenues of CAD 89,892 compared to CAD 291,116 for the year ended April 30, 2008. Loss before other items was CAD 492,503 compared to profit before other items of CAD 119,981 a year ago. Net loss and comprehensive loss for the period was CAD 492,564 or CAD 0.01 per basic and diluted share compared to net income and comprehensive income for the period of CAD 120,293 a year ago. Cash used in operating activities was CAD 132,872 compared to CAD 281,136 a year ago. Acquisition of property and equipment was CAD 109,158 compared to CAD 687,057 a year ago.

KFG Resources Ltd. reported that its Spring Hill # 4 well drilled to 4,100 feet by the Company's subsidiary, KFG Petroleum Corporation, in the Fayette Field, Jefferson County, Mississippi, resulted in a dry hole. The company reported that production casing was run on the well to be adapted as a salt water disposal well in connection with the Company's producing Spring Hill # 1 and Spring Hill # 2 wells.

KFG Resources Ltd. reported audited consolidated earnings results for the year ended April 30, 2009. The company reported revenues of $645,124 for the year ended April 30, 2009 compared to $798,214 for the year ended April 30, 2008, resulting in a net loss from continuing operations of $455,769 for 2009 compared to a net loss of $64,051 for the previous year.