Kensington Resources Ltd.

Kensington Resources Ltd.

March 08, 2005 16:56 ET

Kensington Resources Ltd.: Diamond Results for Drillhole 04-140-045 from Fort A La Corne Kimberlite 140/141


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: KENSINGTON RESOURCES LTD.

TSX VENTURE SYMBOL: KRT

MARCH 8, 2005 - 16:56 ET

Kensington Resources Ltd.: Diamond Results for
Drillhole 04-140-045 from Fort A La Corne Kimberlite
140/141

VICTORIA, BRITISH COLUMBIA--(CCNMatthews - March 8, 2005) - Kensington
Resources Ltd. (the "Company") (TSX VENTURE:KRT) announces the recovery
of 135 macrodiamonds weighing 15.445 carats from large diameter
drillhole 04-140-045 targeted on Fort a la Corne Kimberlite 140/141
drilled during the 2004 Evaluation Program.

The total estimated mass of kimberlite excavated from 04-140-045 was
139.72 tonnes of which 103.38 tonnes of material greater than 1.5 mm in
size were retained for macrodiamond recoveries. Minibulk samples were
shipped to De Beers' dense media separation plant located in Grande
Prairie, Alberta for the first stage of diamond recovery procedures,
followed by final diamond recovery in an ultra-high security facility in
Johannesburg, RSA. Samples and results from drillhole 04-140-045 are the
first fully processed batch of many that encompass the 2004 Evaluation
Program. A summary of sampling information and diamond recovery results
for this drillhole is shown in Table 1.



Table 1: Summary of Macrodiamond Recovery for Minibulk Samples
from Drillhole 04-140-045

--------------------------------------------------------------------
Est.
# of
Diam-
onds
greater
Theor- than
etical 0.25
Excav- cts.
Sample ated Drill- Tot- Drill- (larg-
Kimber- Inter- Mass hole al hole est
Drill- lite val (tonnes) Total Grade Sto- stones/ stone)
hole Unit (metres) (1) Carats (cpht) nes tonne (2)
--------------------------------------------------------------------
04-140-
045 140 96.7 140.34 15.455 11.1 135 1 16
Breccia stones
Beds (0.46)
--------------------------------------------------------------------

1 The calculation of theoretical mass was based on the volume of a
vertical cylinder and a kimberlite rock density of 2.21.

2 Diamond weights were provided in terms of total carats per sieve
class. The reader is cautioned that for interval samples (12 metres)
with multiple stone recoveries, the number of stones greater than
0.25 carats was estimated by dividing total carat weight by the
number of stones in the +11 and larger sieve classes.


Large stone recoveries in drillhole 04-140-045 included an estimated
sixteen diamonds greater than 0.25 carat in size with a combined weight
of 6.845 carats. These 16 stones, or some 11% of the total number,
account for 44% of the carat weight of the parcel. The size distribution
of the recovered diamonds from this drillhole is shown in Table 2.

"The recovery of significant numbers of diamonds in the coarser size
fractions from this drillhole sample will contribute substantially to
improving confidence levels in the grade estimate and modeled value for
the breccia beds of the southern 140/141 kimberlite body," commented
Robert McCallum, President of Kensington Resources Ltd. "These initial
results strongly support the previously forecasted potential of the
140/141 kimberlite by De Beers."



Table 2: Summary of Macrodiamond Recovery by Sieve Size Category

---------------------------------------------------------------------
+1 +2 +3 +5 +6 +7 +9 +11 +12 +13
-1 Si- Si- Si- Si- Si- Si- Si- Si- Si- Si-
Si- eve eve eve eve eve eve eve eve eve eve
eve gre- gre- gre- gre- gre- gre- gre- gre- gre- gre-
less ater ater ater ater ater ater ater ater ater ater
Dri- than than than than than than than than than than than
ll- 1.09 1.09 1.32 1.48 1.83 2.16 2.46 2.85 3.45 4.089 4.52
hole mm mm mm mm mm mm mm mm mm mm mm
---------------------------------------------------------------------
04-
140-
045
Car-
ats 0.020 0.040 0 0.740 2.090 1.560 2.585 1.575 4.320 2.065 0.460
---------------------------------------------------------------------
04-
140-
045
Sto-
nes 6 4 0 22 39 17 21 10 11 4 1
---------------------------------------------------------------------


The 2004 Evaluation Program (CDN $7.6 million) included ten large
diameter minibulk drillholes positioned on high-grade zones in
kimberlites 140/141 and 122. Five targets were located on the south
140/141 breccia beds and related kimberlite units to collect additional
diamonds that will be used to increase the level of confidence in grade
forecasts, and for revenue modeling by De Beers' experts. A map of
kimberlite body 140/141 showing location of the 2004 drillholes is
posted on the Kensington Resources Ltd. website at
www.kensington-resources.com.

Full diamond results for large diameter drillhole 04-140-051, including
the recently announced 10.53 carat stone, will be released as soon as
they are completed and received from the operator, De Beers Canada Inc.

Brent C. Jellicoe, P.Geo. is the Qualified Person for the Company and
has reviewed the technical information herein. All aspects of quality
assurance, quality control, and sample chain of custody for the Fort a
la Corne Joint Venture are managed by De Beers Canada Inc., the project
operator.

Kensington Resources Ltd. is an exploration and mine development company
currently focused on the high potential Fort a la Corne Diamond Project
in Saskatchewan. The management team includes strong technical expertise
and is committed to reaching a diamond producer status for the
realization of shareholder value. The Fort a la Corne Diamond Project is
a joint venture among Kensington Resources Ltd. (42.245%), De Beers
Canada Inc. (42.245%), Cameco Corporation (5.51%) and UEM Inc. (carried
10%). After fifteen years of exploration at Fort a la Corne, the joint
venture partners are now planning future programs with a view to
entering into an accelerated results-driven advanced exploration and
evaluation phase targeted on reaching a pre-feasibility decision in
2008. The Fort a la Corne Diamond Project includes 63 identified
kimberlite bodies within the largest diamondiferous kimberlite cluster
in the world.

FORM 20-F FILE #0-24980

LISTED IN STANDARD & POOR'S

Robert A. McCallum, President & CEO


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