Kenmare Agrees Deferral of Capital Repayment wi...

Kenmare Resources plc ("Kenmare" or "the Company")


      Kenmare Agrees Deferral of Capital Repayment with Lenders


2 February 2009


Kenmare Resources plc has concluded arrangements with the lenders  to
the Moma Titanium  Minerals Mine which  result in the  deferral of  a
scheduled repayment of senior debt that would otherwise have been due
on February  2,  2009.  The  instalment,  in the  amount  of  US$11.3
million, will  instead be  payable  over the  remaining life  of  the
senior  loans.   Kenmare  is  continuing  discussions  with   lenders
regarding other matters  referred to  in our release  of 27  November
2008, including deferral of the scheduled instalment due on August 4,
2009, increasing access to the contingency reserve account,  delaying
the final date for achieving financial completion, as well as  lender
fees and costs to be paid to lenders in connection with these.

A set  of  improvements  at  the Moma  mine  designed  to  allow  the
facilities to reach nameplate  production in the  second half of  the
year is progressing  on schedule.   Production is  improving in  line
with this schedule.


For more information:

Kenmare Resources plc
Tony McCluskey
Tel: [phone]
Mob: [phone]

Murray Consultants
Elizabeth Headon
Tel: [phone]
Mob: [phone]

Conduit PR
Jane Stacey / Leesa Peters / Fiona Hyland
Tel: [phone]
Mob: [phone]

                      www.kenmareresources.com

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