Kimber Resources Inc.

Kimber Resources Inc.

February 28, 2005 13:04 ET

Kimber Resources Inc.: Newsletter For February




FEBRUARY 28, 2005 - 13:04 ET

Kimber Resources Inc.: Newsletter For February

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 28, 2005) - Kimber
Resources Inc. (TSX:KBR)

With exploration successes and a substantial financing, February has
been a good month.

Three new zones

The results of drill holes on the Cocos and Cob structures were very
encouraging. Intersections on both these structures suggest they will
contribute to the total resources of the Monterde property. Those on the
Cob, because of its proximity, will certainly become part of the Carmen
deposit. The Cocos, which lies 200 metres to the east, may become
incorporated into the same pit, especially if the intervening ground
yields other mineralized structures. Still to be drilled is the recently
announced Carotare target. This previously-unnamed structure some two
kilometres to the west of Carmen deposit was described in the news
release of February 24. Surface grades, widths, and length of the
Carotare structure are the best yet discovered on the Monterde property.
We expect to drill the first holes within the next two weeks.

Exploration Strategy

Our policy of moving to the best targets long before other targets have
been fully tested requires some explanation. Unlike assets in real
estate and the forest industry, the true value of a mineral property
cannot be determined by inspection. It usually takes a lot of time and
many drill holes to locate and outline a mineral deposit. While there
are already geologic reasons for thinking that the Carmen is unlikely to
be the only economic deposit on the Monterde property, locating all
resources on the property will take time, especially now that Kimber's
land holdings have been increased. A five million ounce deposit hiding
under a few feet of overburden within sight of the Carmen would have to
be found soon in order to benefit our current shareholders. (It is
generally understood that it took more than 50 holes before Hemlo was
recognised as a world class deposit.) A situation we want to avoid for
Kimber is a mineralized zone which is good enough to consume a lot of
drill holes without an early win.

For this reason we are stepping past targets such as Veta Minitas, De
Nada, Orito, all of which need further work, in favour of untested
targets, which may provide a quick discovery. Such targets may lie on
the claims Kimber now holds, or on other properties, if they are
acquired. The Cocos was one such target. The Carotare appears to be an
even better one.


The recent $5.1M financing was arranged in mid January when Kimber's
share price was $1.55. By avoiding commissions, broker's warrants and
other costs which the Company has incurred with previous financings,
this direct placement by fund managers has been confirmation that Kimber
is now of value to institutional investors. With a strong treasury, the
Company is well positioned to pursue its objective of adding resources
in 2005.


At the end of February we will be attending the invitation-only
conference hosted by BMO Nesbitt Burns in Tampa, Florida. This is an
important conference attended by numerous institutional investors.
Between March 6th and 9th, we will be present at the annual meeting of
the Prospectors and Developers Association in Toronto, Canada's
principal conference for the mining industry. We will be exhibiting at
Booth #2626, where we will be glad to talk to shareholders and others
who are interested in Kimber's story.

Robert Longe, P.Eng., President

25, February, 2005

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.


Contact Information