From over at MMO Gamer:

Funcom, the developers behind Age of Conan: Hyborian Adventures today announced its first expansion; Rise of the Godslayer. The expansion will feature all new content as well as a new player race, the Khitan. The race features warring factions that the player can take part of.
The game doesn’t have a release date set yet but for more artwork and video, visit the expansion’s official website.