Kimberly Gold Doubles Land Position and Develops Exploration Plans at Empire Creek.

Business Editors

COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Nov. 3, 2003

Kimberly Gold Mines (OTC symbol: KMGM) is pleased to announce progress at its Empire Creek Project on the Republic Graben of northeast Washington, including the doubling of its claim holdings and the submission of permit applications for core drilling planned for early next year.

Drilling by prior operators at Empire Creek struck 50 feet of 0.42 ounces per ton (oz/t) gold and 5.22 oz/t silver.

The grabens of northeast Washington contain some of the highest-grade, bulk-tonnage gold deposits in the United States. Roughly five million ounces of gold have been produced from the Republic Graben over the last century from sources including the prolific Republic Mine and a series of smaller deposits processed at Kettle River, first by Echo Bay, now Kinross Gold.

Kinross has announced that its Kettle River area exploration is focused upon Emanuel Creek, "the seventh and highest grade discovery in a long line of exploration successes across the Republic Graben," near its closed K-2 and Kettle mines. Exploration results at Emanuel Creek have been exceptional, revealing bonanza-grade epithermal veins that have returned spectacular gold intercepts of up to 104 feet of 1.27 oz/t and 136 feet of 0.845 oz/t and, more recently at North Emanuel Creek, 198 feet of 0.997 oz/t. The vein system remains open along strike and at depth. Further development is underway and production is possible as early as next year.

Kimberly's Empire Creek Project now covers nearly 700 acres near the western edge of the Republic Graben, just a few miles south of Emanuel Creek. Exploration plans include a ground magnetic survey that will cover the expanded claim group in its entirety and a three-hole, 2100-foot core drill program targeting an intense magnetic anomaly roughly 3000 feet long and 1000 feet wide. The size and intensity of the anomaly is similar to one just above the Overlook Deposit (another of the Kettle River mines). Permitting is expected to be completed by the end of November in anticipation of drilling in the first quarter of 2004.

Consulting geologists believe that Empire Creek contains two distinct target-types: bonanza-grade epithermal veins similar to those found at K-2 and Emanuel Creek and high-grade gold skarns similar to those found at the nearby Overlook and Buckhorn deposits. Empire Creek bears many similarities to the 1.6-million ounce Buckhorn Deposit, including graben margin location, alteration-type host rock, laterally-extensive magnetic highs, local high-grade gold and massive magnetite content.

Please visit the Kimberly website at www.kimberlygold.com for more information.

Kimberly Gold Mines is an aggressive gold exploration company, focused upon the historic mining districts of the Pacific Northwest. Kimberly holds four high-potential gold exploration projects including the Kimberly Gold Mine, the Matthews and Compton properties along the Wenatchee Gold Belt, and the Empire Creek Project on the Republic Graben. Kimberly has approximately 5.7 million shares outstanding and no long-term debt. Kimberly stock trades on the OTC Market under the symbol "KMGM".

Certain statements contained in this press release are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on beliefs of management as well as assumptions made by and information currently available to management. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results.