Presentation The 7th Annual Asia Mining Congress 2011 Singapore 5 April 2011

A Silver & Base Metal Company On Target for Production & Development

DISCLAIMER
Disclaimer This presentation has been prepared and issued by Kimberley Metals Limited (the Company). It contains general information about the Companys activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentation is not to be distributed (nor taken to have been distributed) to any persons in any jurisdictions to whom an offer or solicitation to buy shares in the Company would be unlawful. Any recipient of the presentation should observe any such restrictions on the distribution of this presentation and warrants to the Company that the receipt of the presentation is not unlawful. The presentation does not constitute, and should not be considered as, an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. This presentation contains forecasts which are based on various assumptions. While the Company has endeavoured to ensure that that these assumptions are reasonable, the Company can not factor in future events which are not foreseeable. Therefore, it is possible that the forecasts may not be achieved. To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied, is made and, to the maximum extent permitted by law, no responsibility or liability is accepted by the Company or any or its officers, employees, agents or consultants or any other person as to the adequacy, accuracy, completeness or reasonableness of the information in this presentation. To the maximum extent permitted by law, no responsibility for any errors or omissions from this presentation whether arising out of negligence or otherwise is accepted. An investment in the shares of the Company is to be considered highly speculative. Confidentiality The contents of this presentation are confidential. This presentation is being provided to you on the basis that you do not reproduce, communicate or disclose it to, or discuss it with, any other person without the prior permission of the Company. Competent Persons Statement The information in the Presentation that relates to Exploration Results and Mineral Resources has been compiled by Mr Stuart Mathews, MSc (Hons), who is a Member of the Australasian Institute of Mining and Metallurgy and is a full-time employee of the Company. He has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration and to the activity that is being undertaking to qualify as a Competent Persons as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. Mr Mathews consents to the inclusion in the Presentation of the matters based on his information in the form and context that the information appears. Information relating to Resource Estimates is based on prior reports prepared by Mr Colin Lutherborrow (an employee of Zilloc Pty Ltd and a Member of the Australasian Institute of Mining and Metallurgy) in relation to the Mineral Hill project, and Mr Daniel Wholley (an employee of CSA Australia Pty Ltd and a Member of the Australian Institute of Geoscientists) in relation to the Sorby Hills and Constance Range projects. Each of these persons has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration and to the activity that is being undertaking to qualify as Competent Persons as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. Further, each of these persons consents to the inclusion in the Presentation of the matters based on his information in the form and context that the information appears.

CAPITAL STRUCTURE
Capital Structure March 2011

Issued capital*

185.4 m

Cash Position**

$20.4 m

Market Capitalisation - at 25 cents/share

* Includes 24.4 million shares escrowed until 25 February 2012 ** Includes Sorby Hills Joint Venture cash

$46.3 m

KIMBERLEY ASSETS
Mineral Hill
200,000 tpa facility at Mineral Hill in full refurbishment to 250,000 tpa capacity offices & mine infrastructure in place Existing mining leases Mineral resource of copperleadzincgoldsilver

Sorby Hills Sorby Hills MLs renewed for 21 years (Feb 2010) Extensive infrastructure adjacent to the tenements Large silver-lead-zinc mineral resources defined

KIMBERLEY ASSETS
Mineral Resources (details given in attached Resources Tables)
Tonnes Ag (g/t) Au (g/t) Cu % Pb % Zn % Contained Ag (M oz) Contained Au (K oz)

Mineral Hill Pearse Parkers Hill Oxide Parkers Hill Sulphide Sorby Hills at 2.5% Pb Cut-off at 1.0% Pb Cut-off 16.9 M 28.4 M 56 43 4.6 3.4 0.7 0.6 30 40 298,00 0 1.1 M 1.3 M 80 61 35 6.5 0.6 1.9 3.3 1.2 0.4 1.2 0.9 2.1 1.5 62 -

Resources Contain:

44.5 million ozs Silver, 62,000 ozs Gold. 1 million tonnes Lead 200,000 tonnes Zinc 30,000 tonnes Copper

KIMBERLEY BACKGROUND
KBL holds large Silver and Base Metal resources
strategy in place to develop these resources plus expand copper, lead, zinc, & silver resources by drilling and acquisition

Agreement completed with the Chinas largest lead producer, Henan Yuguang Gold & Lead:
$5 million farm-in for 25% of Sorby Hills silver-lead deposit $5 million share issue at 25 cents per share for a 15% interest

Dual Track Development of Mineral Hill

existing dual flotation and CIL processing plant with refurbishment well advanced Parkers Hill underground copper & silver mine production from mid 2011 Permitting & subsequent development of the Pearse gold & silver project in 2011 Processing plant to dual treat sulphide copper ore from Parkers Hill & gold/silver ore from the Pearse Open Cut

Sorby Hills to Accelerate to Feasibility

Infill resource definition drilling completed late 2010 New resource model completed & announcement pending Environmental studies have commenced & key personnel appointed

MINERAL HILL
Pearse Project Au & Ag

Parkers Hill U/G Mine to be commissioned with development in place Pearse Project new high grade silver/gold discovery

Parkers Hill Cu, Pb, Ag, Zn

Low cost open cut development plan for Pearse

Key Management Positions appointed: General Manager Mining manager Process Superintendent Mine Geologists Recruitment of all Operations Personnel in progress

MINERAL HILL PROCESSING PLANT

Existing process plant & infrastructure
250,000 tonnes per annum capability $7.5 Mill in plant refurbishment and modifications commenced Aug 2010 Offices & amenities in place Copper concentrates from mid-2011

Targeting mid 2011 production

PROCESSING PLANT MARCH 2011

Completed Feed Bin 100% completed

Conveyors Refurbishment in progress

Secondary crusher 100% complete

PROCESSING PLANT MARCH 2011

Crusher 100% complete

Interstage Screen- 95 % complete

Mills Structural steel nearing completion

PROCESSING PLANT MARCH 2011

Platform for fine ore bins 50% complete

Floatation new cells, gridmesh & filter press - in progress

MINERAL HILL MINE REACTIVATION

Mid 2011 start up
Parkers Hill Mine 5 6 year underground operation Parkers Hill Production Cu/Ag and bulk Pb/Zn concentrates Indicated Resources: 1.2 Mt @ 1.9% Cu, 1.2% Pb, 1.2% Zn & 35g/t Ag Pearse Deposit EIS & Development Consent pending Open Cut Reserves defined: 235,240t @ 6.72g/t Au & 71.7g/t Ag, 2 3 years operation High silver oxide zone at Parkers Hill potential open cut Resource: 1.1 Mt @ 61g/t Ag, 3.3% Pb

Initial Production Rate (per annum): 4,000 tonnes Cu from Parkers Hill Copper lead zinc capability from 2012 20,000 oz Au, 150,000 oz Ag Pearce open cut Excellent in-mine & regional exploration targets

MINERAL HILL PARKERS HILL MINE

Cu, Pb, Ag, Zn Mine
Underground project fully permitted High grade primary copper resource with 3 levels of underground development EAST PIT 5 6 years production Mine production from mid-2011 Open pit oxide resource

PARKERS HILL

PARKERS HILL DEPOSIT

1200 mE 1300 mE 1400 mE 1500 mE 1600 mE 400 mRL 1700 mE

300 mRL

200 mRL

Existing Open Cut

Oxide Resource Sulphide Resource Existing Underground Development

Drill holes

100 mRL

PARKERS HILL MINE LONG SECTION

PARKERS HILL MINE 195 LEVEL

PARKERS HILL 195 level Existing Development and distribution of High Grade Resource

195 Access

High grade level Development

PARKERS HILL - DEVELOPMENT

Regulatory Approval granted 9th January 2008 Approved Mine Operations Plan 250,000 tonnes per annum mining rate Decline access and three development levels established Underground contractor selected and mobilised to site December 2010 (Pybar, Orange NSW) Operating scope completed

PARKERS HILL - DEVELOPMENT

Underground pumping for dewatering of deeper development commenced to access additional resources Power for underground ventilation established December 2010 Underground refurbishment commenced 6th December 2010
Installation of ground support (rockbolting and meshing) to be completed April 2011 Decline road works and drainage completed Stope development and ore production Initial Plan completed Jumbo mobilised to site 21st February Ore development from mid-April 2011

PEARSE PIT & HAUL ROAD LAYOUT

Existing Mining Lease

Gold and Silver Reserve: 235,000 tonnes @ 6.92 gt Au & 71.7 gt Ag

Mine infrastructure

PEARSE PIT LAYOUT & LONG SECTION

100 mE 200 mE 300 mE

Drill hole Collar Drill hole Trace Oxide Resources

South
300 mRL

Surface Oxide Resource Primary Resource

North

Proposed Open Cut

Primary Resources

200 mRL

Mine Plan Open Cut

Long Section

SORBY HILLS LEAD-SILVER PROJECT

50 kms North of Kununurra, WA Adjacent to established infrastructure Accessible port facilities at Wyndham Largest undeveloped Ag-Pb resource in Australia at open cut depth Definitive Feasibility targeted for end 2012 completion

LOCATION & OVERVIEW

SORBY HILLS LEAD-SILVER PROJECT

Mineralised Ore Pods over 8km strike length
Mining Leases renewed for 21 years February 2010 Indicative project scope Initial open pit mining operations (ore <70m) Production rate of up to 1 million tonnes per annum Mine life >10 years Soft Ore (work index 9.7) Feasibility Commenced August 2010 Infill drilling to establish mining reserves Hydro-geological studies commenced Environmental studies commenced Key project personnel appointments pending

HYG&L Joint Venture Partner Funding $5 million feasibility study for 25% JV interest

Overview All Mineralised Pods with Resources

A-Pod B-Pod C-Pod E-F Pods D-Pod I-Pod Beta Alpha Inferred Resource: 16.9 Mill Tonnes @ 4.6% Pb, 0.7% Zn, 56 gt Ag

2010 DRILLING PROGRAM

Program Target Near surface open cut mine opportunity (up to 70m depth) C, D and I Pods targeted 8305m completed in 96 drillholes I & C Pods - program confirmed continuity of mineralisation and resources D Pod mineralisation extended 70m North towards E Pod Resource upgrade pending Scoping study targeting shallow high grade open cut mineralisation commenced

C POD SORBY HILLS

D POD SORBY HILLS

I POD SORBY HILLS

MANBARRUM
Manbarrum Zn-Pb-Ag Project Northern Territory Adjacent to Sorby Hill Project

GEOLOGICAL SETTING
Regional carbonate formation of the
Bonaponte Basin hosts extensive Mississippi Valley Type (MVT) Pb-Zn-Ag mineralisation Sorby Hills on West limb of syncline fold, Manbarrum on East limb Basin margin structures and cross faults control higher grade mineralisation Majority of mineralisation strataform with low angle dips. Alluvial cover 5m to 30m thick
Geology of the region surrounding Sandy Creek

MANBARRUM PROJECT TNG TENEMENTS Emerging Base Metal

District
2000 km2 land holding in WA and NT Manbarrum Project 3 Exploration Licences total 530km2 2 Authorisations total 34km2 Tenure is good standing
Landandi Zn-Pb-Ag Prospect

Sorby Hills Pb-Zn Deposit Sandy Creek Zn-Pb-Ag Deposit

Djibitgun Zn-Ag Deposit Browns Zn-Pb-Ag Prospect

SANDY CREEK DEPOSIT

JORC Inferred/Indicated
Current resource Stratabound only Excludes central pipe New drilling confirmed grades in pipe zone Metallurgical work positive Shallow deposit open cut No major environmental issues High groundwater flow likely to restrict open cut depth

SUMMARY KIMBERLEY METALS LIMITED

A silver and base metals Company poised for production

Cash Flow from Mineral Hill mid 2011

Feasibility at Sorby Hills commenced

Quality and Value Assets