VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/18/13 -- Kimber Resources Inc. (TSX: KBR)(NYSE MKT: KBX) is pleased to announce the appointment of James J. Puplava, Board member since 2004 and Kimber's largest individual shareholder, to the position of Chairman of the Board. Mr. Puplava replaces Kimber's Chairman Peter Nixon, who has left the Board together with directors Donald Young, Frederick Graybeal and Tim Haldane. Kimber also welcomes back former director Keith Barron, a successful geologist and mining entrepreneur, who has rejoined Kimber's Board of Directors.
"I am delighted to accept the role of Chairman of Kimber Resources and am honored with the confidence the Board has shown in appointing me to this position," said Mr. Puplava. "I have been a large shareholder of Kimber since 2004, and I share in the pain that all of our shareholders feel during these challenging times in the precious metals equity markets. At Kimber, we are working hard to help our shareholders realize the value that we see in our Monterde gold/silver project. In an effort to further advance the Monterde project, especially in this difficult market, we have taken steps to cut our costs significantly and have streamlined the Board structure, reduced monthly operating costs by more than 40% since year-end 2012, and our management team has taken voluntary pay reductions. The Board will continue to take further steps to reduce ongoing cash costs while remaining focused on our core asset of Monterde. The work completed at Monterde has successfully grown and de-risked the project to its current status and Kimber is determined to take additional steps to move Monterde towards a production decision."
Keith Barron, B.Sc., Ph.D. Geol.
Dr. Barron is a geologist with over 30 years of exploration experience on all the continents except Antarctica, and in a wide variety of commodities including gold, uranium, base metals and diamonds. He holds a B.Sc. in geology from the University of Toronto and a Ph.D. in geology from the University of Western Ontario. Dr. Barron is the President, CEO and Director of Aurania Resources Ltd, Director of Firestone Ventures Inc., Director and founder of U3O8 Corp and was co-founder of Aurelian Resources Inc. with a 13.7 million ounce gold discovery (Fruta del Norte) made in 2006 - a company acquired by Kinross Gold in 2008. In 2008, he was awarded the PDAC's Thayer Lindsley International Discovery Award for his role in the discovery of the Fruta del Norte gold deposit and he was also jointly named the Northern Miner's Mining Man of the Year 2008. Dr. Barron served as a director of Kimber in 2006 and 2007.
"I would like to welcome Dr. Barron on his return to Kimber's Board of Directors. As a past Director of Kimber, coupled with his experience in exploration and with public companies, Keith is a valuable asset to our Board," stated Mr. Puplava. "I would also like to thank Peter Nixon, Frederick Graybeal, Tim Haldane and Donald Young for the service they provided to the Kimber Board of Directors in recent years. Their hard work is greatly appreciated."
James McKay, our former VP, Project Development is no longer with Kimber. We would like to thank Jim for his contribution to the Company.
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