Kenmare Warrant Underwriting Agreed and Warrant...

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

20th November, 2009

                 Kenmare Warrant Underwriting Agreed
                    and Warrantholder EGM Result

Kenmare is pleased to announce that it has entered into an  agreement
with  an  existing   institutional  shareholder   in  Kenmare   ("the
Underwriter"), whereby the Underwriter has committed to subscribe for
up to 26,370,553 outstanding warrants, which have not been  exercised
prior to 31 December 2009 at  the warrant exercise price of  Stg19p.
Each warrant entitles the holder to subscribe for one ordinary  share
in the Company, representing in  aggregate approximately 3.0% of  the
existing issued share capital of the Company. Exercise in full of the
outstanding warrants would raise approximately Stg£5 million for  the
Company. This arrangement  will secure the  funds represented by  the
warrants for the Company and does  not impact on the existing  rights
of  Warrantholders  to  exercise  their  warrants.   As  the  Company
continues to ramp-up production at the Moma Mine, the funds raised by
exercise of  the  warrants  will be  available  for  working  capital
purposes and to provide further financial resources to the Company.

An Extraordinary  General Meeting  (EGM) of  Warrantholders was  held
today.  As  anticipated,  the  meeting   was  adjourned  due  to   an
insufficient quorum of  Warrantholders being present.  As set out  in
the circular to  Warrantholders issued  on 27 October  2009, the  EGM
will be reconvened at 11.00 a.m. on 30 November 2009 at the Company's
offices at Chatham House, Chatham Street, Dublin 2. At this adjourned
meeting, one  or  more persons  present  in person  holding  Warrants
and/or being proxies will form a quorum.

The proposed resolution for the EGM, approval of which is a condition
of the  agreement  with  the Underwriter,  enables  the  transfer  of
warrants which are unexercised by 31 December 2009.

Proxy votes received are as follows:
Votes received in favour of the resolution: 5,481,448
Votes received against the resolution: 26,733
Votes Withheld: 862,620

Additional detail of proposed resolution is available in the circular
issued to  Warrantholders  which is  also  available on  the  Kenmare
website: www.kenmareresources.com


For more information:

Kenmare Resources plc
Michael Carvill, Managing Director
Tel: [phone]
Mob: + 353 87 674 0110

Tony McCluskey, Financial Director
Tel: [phone]
Mob: + 353 87 6740346

                      www.kenmareresources.com

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