Mr. Gordon Cummings reports

KIMBER ANNOUNCES FIRST QUARTER FINANCIAL RESULTS

Kimber Resources Inc. has released its financial results for the three months ended Sept. 30, 2011. The operating results were prepared in accordance with international financial reporting standards (IFRS). Kimber's condensed consolidated interim financial statements and management's discussion and analysis for the three months ended Sept. 30, 2011, are now available on SEDAR and on EDGAR.

Kimber had working capital of $11.0-million, including $11.4-million in cash and cash equivalents, as of Sept. 30, 2011, a significant increase over the $7.7-million of working capital as of June 30, 2011. Kimber's net loss for the three months ended Sept. 30, 2011, was $758,187 or one cent per common share compared with a net loss of $647,006 or a one-cent loss per share for the three months ended Sept. 30, 2010.

Kimber's equity increased by $7.0-million at Sept. 30, 2011, compared with June 30, 2011, due primarily to a private placement completed in July, 2011.

"During the three months ended Sept. 30, 2011, Kimber strengthened its cash position and continued to release a number of excellent high-grade gold-silver drill results from the Carmen drill program at Monterde," said Gordon Cummings, president and chief executive officer of Kimber. "Kimber is currently drilling the Carmen and Veta Minitas deposits at Monterde and work has commenced to complete an updated mineral resource estimate for the Carmen deposit which will include 2011 drill results."

Selected information

The information in the table is for the three months ended Sept. 30, 2011, and 2010.

                                                        For three months ended
                                             Sept. 30, 2011     Sept. 30, 2010
Results of operations
Net (loss)                                        $(758,187)         $(647,006)
Net (loss) per share
-- basic and diluted                                  (0.01)             (0.01)
Net cash (used in) operations                      (685,126)          (562,390)
Net cash (used in) investing activities          (3,918,122)          (859,778)
Net cash provided by financing activities         7,563,954             (1,489)

The information in the table is as at Sept. 30, 2011, with comparable information at June 30, 2011.

                                Sept. 30, 2011   June 30, 2011
Financial position
Cash and cash equivalents          $11,362,135      $8,401,429
Current assets                      12,893,629       9,607,731
Mineral interests                   52,428,455      48,839,128
Total assets                        65,910,782      58,995,943
Current liabilities                  1,873,891       1,915,016
Total liabilities                    1,873,891       1,915,016
Equity                              64,036,891      57,080,927
Working capital                     11,019,738       7,692,715

The net losses for Kimber for the three months ended Sept. 30, 2011, and 2010 include non-cash charges for share-based compensation of $149,717 in 2011 and $115,757 in 2010.

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