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KAL Energy, Inc. Receives New Upgraded Rating By Respected Research Firm

Posted on: Friday, 20 April 2007, 18:00 CDT

KAL Energy, Inc. (OTCBB: KALG.OB) is pleased to announce a well-respected firm, TRI-STATE Capital (TSC), has initiated a new upgraded rating on KALG to "Outperfom", and raising its 12 month target price from $3.30 to $4.00. This upgrade to "Outperform" comes at a time when the company has found a new coal seam on one of their concessions. This new seam was discovered during the company's $2 million drill program. The new seam is approximately 1.5 meters thick, with the extent and quality to be determined by further drilling. Management plans to complete Phase I of drilling by the second quarter of 2007. The work program, currently in progress, includes over 5,700m of deep drilling, with 57 holes planned at depths ranging from 50m to over 200m.

TSC is noted for their work with, account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view the entire independent research report, please click on the attached URL: http://www.otclive.com.

Cameron Reynolds, CEO of KAL Energy, Inc, states, "We are very pleased to receive a new upgraded equity rating to "Outperform" by TRI-STATE Capital. This upgrade coincides with Beacon Equity Research initiating a $2.00 target price on our common stock." Mr. Reynolds further stated, "We look forward to completing Phase 1 of our $2 Million drill program."

KAL Energy's wholly owned subsidiary Thatcher Mining Pte. has the rights to two coal concessions situated near the Mahakam River in North Eastern Kalimantan, Indonesia. This river is a main transportation system for transporting coal to nearby markets. Consulting Geologist, Jonathan O'Dell, has estimated that blocks 16 & 24 could contain over 192,000,000 tons of thermal coal. Today Indonesia is the leading exporter of thermal coal and export prices vary from $30.00 to $60.00 plus per ton. For more information on KAL Energy, Inc. please visit our web site at www.kalenergyinc.com.

Forward-Looking Statements:

This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially.

Source: Business Wire

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