Successful Stg 10.3 million (US$16.7 million) K...

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

 Successful Stg£10.3 million (US$16.7 million) Kenmare Share Placing

30 June 2009

Kenmare Resources plc, the  owner and operator  of the Moma  Titanium
Minerals Mine  in  Mozambique, announces  that  it has  entered  into
arrangements with  its brokers  Canaccord  Adams, Davy  and  Mirabaud
Securities, to place 54 million new Ordinary Shares of ¤0.06 each  in
the Company at  Stg 19p  per share  (the "Placing  Shares") to  raise
approximately Stg£10.3 million (US$16.7 million) before expenses (the
"Placing").


The purpose of the Placing is to ensure that the Company continues to
retain sufficient  liquidity  to  meet its  obligations  and  provide
further financial resources to accelerate production expansion plans.


The Placing Shares represent 6.6% of Kenmare's issued ordinary  share
capital as at 30 June 2009 and, when issued, will rank pari passu  in
all  respects  with  the  existing Ordinary Shares in  the   Company.
Settlement of  the Placing  Shares will  take place  on or  before  5
August 2009. Application will be made to the Irish Stock Exchange and
to the UK Listing Authority for the Placing Shares to be admitted to,
respectively, the Official List  of the Irish  Stock Exchange and  to
the Official List of  the UK Listing  Authority and application  will
be made to the Irish Stock Exchange and the London Stock Exchange for
the Placing Shares to be admitted to trading on their respective main
markets for listed securities on 4 September 2009, with admission  to
become effective as soon as possible thereafter.


In addition, the Board of Kenmare has decided to extend the  exercise
period on outstanding  warrants which  would otherwise  expire on  23
July 2009 until 31 December 2009. There are a total of  approximately
28.5 million warrants outstanding with an exercise price of Stg19p.


For further information:

Kenmare Resources plc
Michael Carvill, Managing Director
Tel: + 353 1 671 0411
Mob: + 353 87 674 0110

Kenmare Resources plc
Deirdre Corcoran, Company Secretary
Tel. [phone]
Mob. [phone]

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

Conduit PR Ltd
Charlie Geller / Leesa Peters
Tel: [phone]
Mob: [phone]

                      www.kenmareresources.com


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH
AFRICA OR JAPAN

This announcement is for information purposes only and does not
constitute an offer or an invitation to acquire or dispose of any
securities or investment advice in any jurisdiction. Without
limitation to the foregoing, this announcement does not constitute an
offer to sell or issue or the solicitation of an offer to buy or
acquire any securities in the capital of Kenmare in the United
States, Canada, Australia, the Republic of South Africa or Japan or
any jurisdiction in which such an offer or solicitation is unlawful
and should not be relied upon in connection with any decision to
acquire any securities in the capital of the Company. The Placing
Shares have not been and will not be registered under the US
Securities Act of 1933 as amended (the 'Securities Act') or under the
securities laws of any state of the United States and may not be
offered or sold within the United States unless they are registered
with the US Securities and Exchange Commission or an exemption from
registration is available. No public offering of the Placing Shares
will be made in the United States or elsewhere.

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