VANCOUVER, BRITISH COLUMBIA, Nov 20, 2012 (MARKETWIRE via COMTEX) — Kimber Resources Inc. /quotes/zigman/8186 CA:KBR +10.42% (nyse mkt:KBX) has announced its financial results for the three months ended September 30, 2012. All amounts in this news release are in Canadian dollars. The Company’s unaudited condensed consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”). Kimber’s condensed consolidated interim financial statements and management’s discussion & analysis for the three months ended September 30, 2012 are now available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar.com .

As at September 30, 2012, Kimber had working capital of $0.95 million (June 30, 2012 – $2.42 million), which includes $3.24 million (June 30, 2012 – $1.55 million) in cash and cash equivalents and a short term loan of $2.76 million from Sprott Resource Lending Partnership (“SRLP”). The face value of the short term loan is $3.0 million offset by deferred financing costs of $0.24 million. Kimber’s net loss for the three months ended September 30, 2012 was $0.80 million or $0.01 per common share compared with a net loss of $0.76 million or $0.01 loss per share for the three months ended September 30, 2011.

Kimber’s equity was $61.49 million at September 30, 2012, a decrease of $0.50 million from $61.99 million at June 30, 2012. The decrease is due to the net loss during the quarter. The Company capitalized approximately $0.99 million of certain expenditures related to exploration and technical advancement at Monterde during the period.

“During the recent quarter Kimber’s principal focus was the update of the Carmen mineral resource estimate which was released on October 24, 2012,” said Gordon Cummings, President and CEO of Kimber Resources. “The updated resource estimate for Carmen showed an increase in measured and indicated gold and silver ounces providing an excellent platform for advancing to a pre-feasibility study.”

Selected information

The following information is for the three months ended September 30, 2012 and 2011:

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For the three months ended

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September 30, September 30,

2012 2011

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Results of operations

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Net loss $ (798,120) $ (758,187)

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Net loss per share – basic and diluted $ (0.01) $ (0.01)

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Net cash used in operations $ (434,991) $ (511,381)

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Net cash used in investing activities $ (656,587) $ (4,117,119)

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Net cash provided by financing

activities $ 2,788,334 $ 7,563,954

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The following information is as at September 30, 2012 with comparable information at June 30, 2012.

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September 30, June30,

2012 2012

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Financial position

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Cash and cash equivalents $ 3,243,287 $ 1,546,363

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Current assets 4,255,047 3,243,348

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Mineral interests 59,957,912 58,966,941

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Total assets 64,795,925 62,808,643

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Current liabilities 3,301,967 882,827

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Total liabilities 3,301,967 882,827

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Shareholders’ equity 61,493,958 61,985,816

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Working capital $ 953,080 $ 2,420,521

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The net losses for Kimber for the three months ended September 30, 2012 and 2011 include non-cash charges for share-based compensation of $126,262 in 2012 and $149,717 in 2011.

The Board of Kimber has approved the drawdown of a further $2 million from SRLP and a request has been made to SRLP to this effect. The cash balance of the Company at November 19, 2012 is C$2.9 million.

About Kimber

Kimber owns mineral concessions covering in excess of 39,000 hectares in the prospective Sierra Madre gold-silver belt, including the Monterde property, where three gold-silver mineral resources have already been defined. The most advanced of these, the Carmen deposit, has been extensively drilled and has undergone detailed geologic modeling. The completion of the Updated Preliminary Economic Assessment for Monterde in 2011 represented a significant step forward for Kimber and supported further evaluation and more advanced economic studies at the Monterde deposits, with the recently updated mineral resource estimate for the Carmen deposit representing a component of those activities.

Forward looking statements

Statements in this release may be viewed as forward-looking statements, including statements regarding estimates of mineral resources at Monterde, the preliminary economic assessment of the Monterde project, the conversion of inferred mineral resources to measured and indicated mineral resources, the conversion of mineral resources to mineral reserves, life of mine estimates, the potential for gold and silver mineral resources in the Carmen and Veta Minitas deposits and other targets within the Monterde project, the implications of the results of drill holes reported herein, the results of future exploration, the economic potential of any such discoveries made, the further development, expected results and future economic assessments of the Monterde project. When used in this press release, the words “expect”, “intend”, “hopes”, “should”, “believe”, “may”, “will”, “if”, “anticipates”, “potential for”, “potentially”, “suggests” and similar expressions are intended to identify forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, among others, uncertainty of mineral reserve and resource estimates, continuity of mineralization between drill holes, risks relating to fluctuations in the price of gold, the inherently hazardous nature of mining-related activities, potential effects on Kimber’s operations of environmental regulations in the countries in which it operates, risks due to legal proceedings, risks relating to political and economic instability in certain countries in which it operates, risks related to the use of inferred mineral resources in the preliminary economic assessment, and uncertainty of being able to raise capital on favourable terms or at all, as well as those risk factors discussed under the headings “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in Kimber’s latest Annual Report on Form 20-F as recently filed on SEDAR and EDGAR.There are no assurances the Company can fulfil such forward-looking statements and the Company undertakes no obligation to update such statements, except as required by law. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company’s control.

Quality Assurance/Quality Control

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Mr. David R Hembree, Vice President Exploration of the Company. The exploration activities at the Monterde project site are now carried out under the supervision of Mr. David R Hembree, who is the designated Qualified Person under National Instrument 43-101 for the Monterde project and is responsible for quality control at Monterde and has verified the data being disclosed herein. He has determined that the laboratory reports matched the drill sample logs and that the quality control assays fall within reasonable limits. QA/QC procedures incorporate blanks and duplicates inserted at the drill and standards inserted after sample preparation. Sample preparation was done by ALS Chemex at its Chihuahua laboratory. Pulps are analyzed by ALS Chemex at its laboratory in North Vancouver, British Columbia, using 50 gram sub-samples, using fire assay with an AA finish for gold and four-acid digestion and ICP finish for silver from a 0.4 gram subsample. High grade gold or silver intervals are re-assayed by fire assay with gravimetric finish.

Cautionary Note to U.S. Investors – The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Kimber Resources uses certain terms in this news release and on its website, such as “measured,” “indicated,” and “inferred,” “mineral resources,” which the SEC guidelines strictly prohibit U.S. companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure under the heading “Cautionary Note to U.S. Investors Regarding Mineral Reserve and Resource Estimates” in our latest annual report on Form 20-F which may be secured from us, or from the SEC’s website at http://www.sec.gov/edgar.shtml .

 Contacts:

Kimber Resources Inc.

Renee Brickner, BSc (Hons) Geol.

Vice President, Investor Relations

North America Toll Free: 1-866-824-1100 or (604) 669-2251
 Kimber Resources Inc.

Gordon Cummings, CA

President and CEO

North America Toll Free: 1-866-824-1100 or (604) 669-2251

(604) 669-8577 (FAX)

[email protected]
www.kimberresources.com