Kimber completes C$5 million private placement at C$1.25/unit



    VANCOUVER, Sept. 25 /CNW/ - 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.

    About Kimber

    Kimber owns mineral concessions covering in excess of 39,000 hectares in
the prospective Sierra Madre gold-silver belt, including the Company's
Monterde property, where three gold-silver deposits have already been
identified. The most advanced of these, the Carmen deposit, has been
extensively drilled and is currently undergoing detailed geologic modeling in
order to evaluate the potential for a combined open pit and underground mining
operation based on current resources. In addition, the Company has a 100%
interest in the mineral concessions of its Pericones property, an
11,890 hectare property targeted for silver, located approximately
100 kilometres southwest of Mexico City.

    Statements in this release may be viewed as forward-looking statements.
Such statements involve risks and uncertainties that could cause actual
results to differ materially from those projected. There are no assurances the
Company can fulfil such forward-looking statements and the Company undertakes
no obligation to update such statements. 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.

    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 on its
website (and certain press releases), such as "measured," "indicated," and
"inferred," "resources," which the SEC guidelines strictly prohibit U.S.
registered companies from including in their filings with the SEC.
U.S.Investors are urged to consider closely the disclosure in our Form 20-F
which may be secured from us, or from the SEC's website at
http://www.sec.gov/edgar.shtml.





For further information:

For further information: Matthew Hamilton, Manager of Investor
Relations, or Gordon Cummings CA, President and CEO, North America Toll Free:
1-866-824-1100, Tel: (604) 669-2251, Fax: (604) 669-8577, Website:
http://www.kimberresources.com, Email: news@kimberresources.com

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KIMBER RESOURCES INC.

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