KIMBER COMPLETES C$5 MILLION PRIVATE PLACEMENT AT C$1.25/UNIT

Before you read, just keep in mind that Kimber's Investment banking arm was able to raise this cash as gold and gold mining stocks were plunging and during a time when credit markets have become extremely tight. People are panicking out of the markets, not sure what to do with their money, not sure what to invest in and yet Kimber found a way to bring in $5,000,000 dollars in cash. When no one else can raise cash and you can, you have an incredible advantage. Do not forget this. Ultimately this is not a story about a stock or even a gold mine. Kimber is a story about people who know how to and, at the end of the day, will get the job done. Involving your investment decisions, you will be much better off in the long run working with and following behind such people. Bull

KIMBER COMPLETES C$5 MILLION PRIVATE PLACEMENT AT C$1.25/UNIT

September 25, 2008

VANCOUVER, BRITISH COLUMBIA - Kimber Resources Inc. (AMEX:KBX, TSX:KBR) has closed its previously announced private placement. The placement consisted of a total of four million units at a price of C$1.25 per unit for gross proceeds of C$5 million. Each unit consisted of one common share plus one-half non-transferable common share purchase warrant. Each full share purchase warrant entitles the holder to purchase one common share at C$1.80 for a two-year period commencing September 24, 2008. The non-brokered private placement was subscribed to by accredited investors in Canada, the United States and offshore, including a large mining company which increased its existing holding.

The net proceeds of the private placement will be used for exploration of Kimber's Monterde and Setago properties in the Sierra Madre gold-silver belt of Mexico, exploration of the Pericones property in the south of Mexico, advancement of the Carmen deposit at Monterde, and for general corporate purposes.

Private placement

One director subscribed for 5,082 units. Participation in the private placement by insiders of the company is considered to be a related-party transaction as defined under Multilateral Instrument 61-101, however, the transaction is exempt from the formal valuation and minority shareholder approval requirements under the instrument as neither the fair market value of the securities being issued nor the consideration paid exceeds 25 per cent of the company's market capitalization.

An individual third party will receive finder's fees of seven per cent of the proceeds raised on certain placements, such fees totaling C$332,500. The shares and any warrant shares issued on the exercise of the warrants are subject to a hold period under applicable Canadian securities laws and the policies of the Toronto Stock Exchange (TSX). This hold period expires at midnight on January 24, 2009. Additional resale restrictions apply to shares issued to United States investors. The private placement is subject to final acceptance by the TSX.

The issuance and sale of Common Shares and Warrants was exempt from the registration requirements of the United States Securities Act of 1933, as amended, pursuant to Regulation D promulgated under the Securities Act. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities.