Publication of Prospectus

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG,
                              JAPAN OR SWITZERLAND

Not  for release, publication or distribution directly or indirectly in whole or
in  part in or  into the United  States, Australia, Canada,  Hong Kong, Japan or
Switzerland or any other jurisdiction in which it would be unlawful to do so.


                             Kenmare Resources plc

Publication of Prospectus

Dublin/London  -5 March, 2010:  Further to the announcement by Kenmare Resources
plc  ("Kenmare" or "the  Company") earlier today  that it is  proposing to raise
gross  proceeds of  approximately £179.6  million (approximately US$270 million)
through  a firm placing and  a placing and open  offer involving the issue of in
aggregate  1,497,030,066 New Ordinary  Shares at  an issue  price of Stg12 pence
(€0.13)  per New  Ordinary Share  (together "the  Capital Raising"), the Company
announces  that a prospectus relating to  the Capital Raising ("the Prospectus")
was  today approved  by the  Irish Financial  Regulator, as  competent authority
under  the  Prospectus  Directive  and  by  the  Irish Stock Exchange and the UK
Financial Services Authority under their respective Listing Rules.

The  Prospectus,  which  includes  a  notice  convening an extraordinary general
meeting  of the Company for the  purposes of approving resolutions necessary for
the  completion of the Capital Raising to be held at The Westbury Hotel, Grafton
Street,  Dublin 2, Ireland at  11.00 a.m. on 29 March,  2010, is being published
and posted today.

Application  has  been  made  to  the  Irish  Stock  Exchange and the UK Listing
Authority  for all of  the 1,497,030,066 New Ordinary  Shares to be issued under
the  Capital Raising to  be admitted to  the Official Lists  and application has
been made to the Irish Stock Exchange and the London Stock Exchange for such New
Ordinary  Shares to be admitted to trading on their respective regulated markets
for  listed securities. Subject to certain conditions being satisfied, including
the  approval at  the extraordinary  general meeting  of the  resolutions, it is
expected  that  such  admission  will  become  effective  and that dealings will
commence in the New Ordinary Shares at 8.00 a.m. (Dublin time) on 1 April, 2010.

Prospectus Availability
A copy of the Prospectus is available for download from the Company's website:
www.kenmareresources.com <

http://www.kenmareresources.com>

A  copy of the Prospectus  will also shortly be  available for inspection at the
following locations:

1.             Company Announcements Office,
Irish Stock Exchange,
28 Anglesea Street,
Dublin 2,
Ireland.
Tel: + 353 1 6174200

2.             Financial Services Authority,
25 The North Colonnade,
Canary Wharf,
London E14 5HS,
United Kingdom.
Tel: + 44 207 066 1000.



All capitalised/defined terms in this announcement have the same meaning as
those contained in the Prospectus.

For further information, please contact:

Kenmare Resources plc


  Michael Carvill, Managing Director   Tony McCluskey, Finance Director
  Tel: [phone]                  Tel: [phone]
  Mob: + 353 87 674 0110               Mob: + 353 87 674 0346



  J.P. Morgan Cazenove    Davy
  Laurence Hollingworth   Hugh McCutcheon/Eugenée Mulhern
  Tel: [phone]   Tel: [phone]



  Murray Consultants       Conduit PR Ltd
  Joe Heron                Leesa Peters/Charlie Geller
  Tel: [phone]     Tel: [phone]
  Mob: + 353 86 255 8400   Mob: [phone]



IMPORTANT NOTICE

This announcement does not constitute or form part of any offer or invitation to
sell or issue, or any solicitation of any offer to purchase or subscribe for,
any securities.

This announcement has not been approved by the Irish Financial Regulator, the
Financial Services Authority or by any other regulatory authority. This
announcement is an advertisement and not a prospectus and investors should not
subscribe for or purchase any securities referred to in this announcement except
on the basis of information provided in the Prospectus. Copies of the Prospectus
are available from the Company's registered office at Chatham House, Chatham
Street, Dublin 2, Ireland and at the Company's website at
www.kenmareresources.com <

http://www.kenmareresources.com>.

The securities of the Company (the "Securities") have not been and will not be
registered under the US Securities Act of 1933, as amended (the "Securities
Act"), and may not be offered or sold in the United States unless registered
under the Securities Act or an exemption from such registration is available.
No public offering of Securities is being made in the United States. Any
representation to the contrary is a criminal offence in the United States.

The securities mentioned herein and in the Prospectus may not be offered, sold,
resold, transferred or delivered, directly or indirectly, in any Excluded
Territory absent registration or an applicable exemption from the registration
requirements of the relevant laws of any Excluded Territory. There will be no
public offer of such securities in any Excluded Territory. This announcement
does not constitute an offer to sell, or a solicitation of an offer to subscribe
for, the securities being issued in any jurisdiction in which such offer or
solicitation is unlawful.

No communication or information relating to the offer of Securities  may be
disseminated to the public in jurisdictions other than the United Kingdom and
the Republic of Ireland where prior registration or approval is required for
that purpose.  No action has been taken that would permit an offer of the
Securities in any jurisdiction where action for that purpose is required, other
than in the United Kingdom and the Republic of Ireland.

J.P. Morgan Cazenove is a marketing name used by J.P. Morgan Securities Ltd.
J.P. Morgan Securities Ltd. is acting as global co-ordinator and bookrunner to
Kenmare in respect of the Capital Raising. J&E Davy ("Davy") is acting as joint
broker, co-bookrunner and sponsor to Kenmare in respect of the Capital Raising.
Canaccord Adams Limited ("Cannacord Adams") and Mirabaud Securities LLP
("Mirabaud Securities") are each acting as joint broker and co-bookrunner to
Kenmare in respect of the Capital Raising.  Rothschild is acting as financial
adviser to Kenmare in respect of the Capital Raising.

This announcement has been issued by and is the sole responsibility of Kenmare.
No representation or warranty, express or implied, is or will be made as to, or
in relation to, and no responsibility or liability is or will be accepted by
J.P. Morgan Securities Ltd., Davy, Canaccord Adams, Mirabaud Securities or
Rothschild or by any of their respective affiliates or agents as to, or in
relation to, the accuracy or completeness of this announcement or any other
written or oral information made available to or publicly available to any
interested party or its advisers, and any responsibility or liability therefore
whether arising in tort, contract or otherwise is expressly disclaimed.
J.P. Morgan Securities Ltd, Canaccord Adams, Mirabaud Securities and Rothschild,
each of which is authorised and regulated in the United Kingdom by the FSA, are
acting exclusively for the Company and no one else in connection with the
Capital Raising and will not regard any other person as their client in relation
to the Capital Raising and will not be responsible to anyone other than the
Company for providing the protections afforded to their clients or for providing
advice in connection with the Capital Raising or any other matter referred to in
this announcement.

Davy, which is authorised and regulated in Ireland by the Financial Regulator,
is acting exclusively for the Company and no one else in connection with the
Capital Raising and will not regard any other person as its client in relation
to the Capital Raising and will not be responsible to anyone other than the
Company for providing the protections afforded to its clients or for providing
advice in connection with the Capital Raising or any other matter referred to in
this announcement.

This  announcement may contain forward-looking  statements. All statements other
than   statements  of  historical  fact  are  forward-looking  statements.  Such
forward-looking  statements are based  on a number  of assumptions regarding the
Company's  present and future  business strategies and  the environment in which
the  Company is operating. These forward-looking statements speak only as of the
date  of this announcement  and should not  be relied upon  as a guide to future
performance.  The Company expressly  disclaims any obligation  or undertaking to
disseminate any updates or revisions to any forward-looking statements contained
in this announcement to reflect any changes in its expectations or any change in
events, circumstances or conditions on which any such statement is based.

By their nature, forward looking statements involve risk and uncertainty because
they  relate to future events  and circumstances. Forward-looking statements are
not  guarantees  of  future  performance  and  the  actual  results of Kenmare's
operations, financial position and liquidity, and the development of the markets
and  the industry  in which  Kenmare operates  may differ  materially from those
described  in, or suggested by, the forward looking statements contained in this
announcement.  Forward-looking statements  may, and  often do, differ materially
from actual results. Any forward-looking statements in this announcement reflect
Kenmare's  current view with respect  to future events and  are subject to risks
relating  to  future  events  and  other  risks,  uncertainties  and assumptions
relating  to Kenmare's operations, results of operations, financial position and
growth strategy.







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