The Gold Report

Kimber Resources Inc. TICKER: KBR:TSX; KBX:NYSE.A Visit Company Website Kimber Resources Inc. is a gold and silver exploration and development company based in Vancouver, British Columbia. Focused in Mexico, the company's mission is to build shareholder value through the discovery, definition and development of gold and silver deposits, creating profitable mining operations while maintaining safe work conditions, protecting the environment and building strong relationships with local communities and stakeholders.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Analysis

Brian Christie, Desjardins Securities (2/1/12) "Kimber Resources Inc. reported high-grade intercepts at its Monterde gold-silver project. . .drill hole MTC-142A intersected a new structure (Cocos) located northeast of other mineralized structures at Carmen, and contained 18.3 g/t Au and 374.3 g/t Ag over 7m. Also significant is hole MTRD-512, which intersected 8.6 g/t Au and 326.2 g/t Ag over 5m in the footwall of the Cob structure. . .high-grade gold-silver mineralization at Carmen, including the Cob, Hilos and Cocos structures, remains open along strike and to depth below the existing mineral resource estimate; additional drill targets have been identified based on these results and drilling is ongoing."

Wendell Zerb, Canaccord Genuity (1/16/12) "Kimber Resources Inc. announced that it hired Jim Currie, a mining engineer with over 30 years of experience in the mining industry, as its new chief operating officer, to be responsible for the advancement of its Monterde gold-silver project in Mexico; by hiring a strong lead COO, we believe Kimber is moving in the right direction to advance Monterde toward production. . .Kimber is working on an updated mineral resource estimate for completion by April 30 and plans to incorporate higher-grade underground intercepts and complete feasibility-level work in Q2/Q312, which we estimate will take a bankable feasibility study to mid-2013."

The Gold Report Interview with Chris Thompson (11/21/11) "Kimber is a good example of a potential acquisition target. The Monterde deposit is primarily a gold-rich deposit that carries a substantial silver credit. This project would be attractive for a mid-tier silver or even gold producer looking to expand its production profile.

Kimber is a turnaround story. Recently the company has refocused its attention on repositioning itself by developing an open-pit underground opportunity at Monterde. Kimber is releasing some very interesting results from deep drilling at Monterde that suggest good grades at depth. Monterde offers exploration potential, underpinned by prefeasibility-stage economic analysis that calls for an open-pit underground mine that can deliver gold production at a low cash cost. It is an opportunity that also offers a lot of resource growth potential and, in that sense, is an attractive acquisition target. . .I think anything that plays into derisking the asset. . .would add a level of comfort and make the project more attractive for a potential acquirer. The timing of the resource estimate may be early 2012."

The Gold Report Interview with David Goguen (10/31/11) "Kimber Resources Inc. is a good example of a discovery from the early 2000s that is going through a process of derisking. It is currently drilling to expand the resource at their Monterde project for inclusion in a revised NI 43-101 resource calculation. The new data will be incorporated in a prefeasibility expected in Q212. The prefeasability will effectively assist in derisking the asset and leaving the company open to possible acquisition or decision to go it alone. There are a number of existing producers in the Sierra Madres for whom this asset would make a good fit. Kimber's Monterde is profiled to produce 60 thousand ounces gold and 1.9 Moz silver per year for about 12 years. The capital costs there are going to be somewhere in the order of $125M. It's the typical profile of a small, yet executable, profitable, low-risk acquisition that companies can achieve without getting involved in an extremely competitive process on overly sought-after assets.

Kimber is gaining a better understanding the geological controls at depth and making some discoveries on its Monterde deposit in the Sierra Madres below the 400m level. It is encountering high-grade, multi-ounce material and opening up the specter of a significant increase in the deposit size. This puts a little fire under any potential acquirers to make a move as Kimber exhibits the continued propensity for new ounces at the Monterde project."

Chris Thompson, Haywood Securities (10/27/11) "Kimber Resources Inc. released results from an additional 10 holes from its wholly owned Monterde project in Mexico. . .highlights from drilling include a 4.5m interval grading 26.6 g/t Au and 12.1 g/t Ag at the Carmen deep target. . .results from drilling confirm the presence of high-grade gold-silver mineralization in the Carmen structure at a depth considerably deeper than the existing resource. In addition, the intersection of the Carmen, Cob and Hilo structures at depth at the south end of the deposit in several holes presents the opportunity for growth along strike to the south at depth. . .overall, results from drilling demonstrate the potential for upgrading resources within the open-pit and expansion of the high-grade underground resource."

• Corporate Presentation (9/6/11)

(7/27/11) KBX: Interview with CEO Gordon Cummings

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