Kimber Announces $7 Million Bought Deal Private Placement

Kimber Resources Inc.

announced that it has entered into an engagement letter with a syndicate of Underwriters for the offering, on a private placement basis, of 4,400,000 common shares of Kimber at a price of C$1.60 per Share, for gross proceeds of C$7,040,000, with a "bought deal" commitment by the Underwriters, subject to certain conditions. Kimber has also granted the Underwriters an over-allotment option to purchase up to an additional 660,000 Shares exercisable up to 48 hours prior to the closing of the Offering. The Underwriters will be paid a cash commission of 6.5% of the gross proceeds of the Offering, including proceeds raised upon exercise of the over-allotment option. Completion of the Offering is subject to certain conditions, including approval by NYSE AMEX, the Toronto Stock Exchange and other regulatory agencies. All securities issued pursuant to the Offering will be subject to a four-month hold period and will be issued on a private placement basis in such jurisdictions where permitted by applicable law. The Offering is expected to be completed on or about July 26, 2011.