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

11 January, 2010

                           Kenmare Warrants Exercised


Further  to the announcement on 20 November 2009, Kenmare is pleased to announce
that all of the outstanding warrants have now been exercised. Of the 26,288,764
outstanding warrants, 16,153,762 warrants were exercised by the original warrant
holders prior to 31 December 2009, whilst the remaining 10,135,002 warrants were
transferred to the underwriter and have now been exercised.

The  new Ordinary  Shares resulting  from the  exercise of  the warrants will be
issued  pursuant to existing block listing  authorities and will rank pari passu
in all respects with the existing Ordinary Shares.

For more information:

Kenmare Resources plc
Michael Carvill, Managing Director
Tel: +353 1 6710411
Mob: + 353 87 674 0110

Tony McCluskey, Financial Director
Tel: +353 1 6710411
Mob: + 353 87 6740346

Murray Consultants
Jim Milton/Joe Heron
Tel: +353 1 498 0345
Mob: + 353 86 255 8400

Conduit PR Ltd
Charlie Geller
Tel: +44 207 429 6666
Mob: +44 797 0067320


          www.kenmareresources.com <http://www.kenmareresources.com/>


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