KBL Mining Ltd

Kimberley Metals Limited (ASX:KBL) is pleased to announce that The Sorby Hills Joint Venture (75% Kimberley Metals and 25% Hunan Yuguang Gold & Lead Co., Ltd) has received the remaining assay results for a 99 hole RC and diamond drilling program at the Sorby Hills Silver-Lead project. The program was completed late in 2010 and tested the C, D and I Pods.

Kimberley Metals Ltd (ASX:KBL) is pleased to provide an update on activities at its Mineral Hill mine redevelopment project. The Mineral Hill mine is located approximately 50 kilometres north of Condolbolin in central Western New South Wales.

Kimberley Metals Limited (ASX:KBL) advises that Stephen Lonergan has today been appointed as Executive Director, Commercial. This appointment will strengthen the executive team of Executive Chairman Jim Wall and Chief Operating Officer Stuart Mathews in driving the Company towards gold, silver and copper production at Mineral Hill in 2011 and advancing the world scale Sorby Hills silver/lead project.

Kimberley Metals Limited (ASX:KBL) is pleased to release Chairman's address at 2010 Annual General Meeting.

Kimberley Metals Limited (ASX:KBL) are pleased to announce the decision, taken at a Board Meeting held at Mineral Hill in central New South Wales this week, to adopt a dual track approach to the re-development of the Mineral Hill mine. This decision has been taken in order to minimise the time to initial production, targeted for mid-2011.

Australian Market Report of October 5, 2010 includes: Syngas Limited (ASX:SYS) has signed a Memorandum of Understanding with China National Electric Equipment Corporation in relation the Clinton Coal to Liquid Project in South Australia; Kimberley Metals Limited (ASX:KBL) reports high grade silver and lead drilling results from Sorby Hills Silver-Lead Project in Western Australia; Southern Cross Goldfields Limited (ASX:SXG) intersects near-surface haematite and magnetite mineralisation in Western Australia; Palace Resources Limited (ASX:PXR) is to acquire a 75% stake in three highly prospective Indonesian coal projects.

Kimberley became an independent entity in May 2008 when the shareholders of CBH Resources Limited agreed to the distribution of its 100% shareholding in Kimberley to CBH shareholders based on a consideration for the net assets acquired by Kimberley of A$18 million.

Australian shares dropped Thursday after the mix leads from Wall Street. Sentiment was dented after the Federal Reserve slightly lowered its economic forecast, while the positive earnings reports and upbeat company outlooks helped to support the US market. Today in early trade, S&P/ASX200 index lost 0.75 per cent while the All Ordinaries fell 0.65 per cent.

The Australian stock market opened in negative territory this morning following Wall Street's plunge on Friday. Asian markets also fell sharply Friday. Japan's Nikkei lost 1.5 per cent on stronger yen, while China's Shanghai Composite and Hong Kong's Hang Seng Index lost 1.1 per cent and 1.3 per cent respectively, due to Chinese government's further move to restrict speculative property investments.