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Kimber Resources Sells 3.142 Million Common Shares

February 11, 2010 (FinancialWire) — Kimber Resources Inc. (AMEX: KBX) (TSX: KBR) said it has closed a public offering of common shares in the United States. The company sold 3.142 million common shares at $1.00 per share for gross proceeds of $3.142 million.

Scarsdale Equities acted as placement agent for the offering. Kimber has granted Scarsdale the exclusive right to place in the aggregate up to a further 15% of the Shares, or 471,300 common shares, under the same terms and conditions as the offering for a period of thirty calendar days from February 3.

Kimber plans to allocate the net proceeds from the offering for a preliminary economic assessment on its Monterde Property, for exploration, including possible drilling at its Pericones property, for further exploration of the Monterde Property, among other related uses. The company plans to use any remaining net proceeds for working capital requirements and/or for other general corporate purposes.

Canada-based Kimber owns mineral concessions in the prospective Sierra Madre gold-silver belt, including the company’s Monterde property. In addition, the company has a 100% interest in the mineral concessions of its Pericones property.

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