Kimber Resources Inc. announces that it has notified Sprott Resource Lending Partnership that it is exercising its right to obtain a six month extension of the maturity date of its $5 million loan credit facility with SRLP announced on July 18, 2012 by the issuance to SRLP of common shares of the Company having a value of $150,000. The number of Extension Shares issued to SRLP will be determined by dividing $150,000 by the 5-day volume weighted average price of the Company’s shares on the TSX for the five trading days preceding June 28, 2013, the date on which the Extension Shares are required to be issued to SRLP. As a result of such extension, the new maturity date of the Credit Facility will be December 28, 2013.

Formation Metals Inc. announced today that it brings to shareholder’s attention important details regarding the nominees proposed by dissident shareholder, Dundee Corporation, namely Messrs. Paul Carroll and David Christie, regarding Mr. Carroll’s governance and compensation record and Mr. Christie’s lack of relevant public company experience. Formation also announces the positive recommendation from leading proxy advisory firm, Institutional Shareholder Services Inc.

Organizational Changes4Two reports out last week from Ernst & Young show the difficulties being faced by mining and exploration companies currently, but also some ways that the industry is adapting to confront the new challenges.

As many of you know, Formation Metals has recently been challenged by a Dissident Shareholder regarding the recently announced proposed sale of the Company’s precious metals refinery and has sought to obtain injunctions restraining the Company and the buyer from proceeding with the sale of the refinery, and in addition, has commenced proceedings against the directors of the Company based on unfounded allegations of breach of fiduciary duty.

As you know, Formation Metals Inc. (“Formation”) is under attack by a dissident shareholder, Dundee Corporation (“Dundee”). At the upcoming meeting on Friday June 21, 2013 we ask for your support to re-elect the current directors for the ensuing year. Your board and management team have a clear and realistic vision that we believe puts Formation in the best position to create long-term shareholder value.