08/02/2005- Reports on Drilling Progress

[Franko10 ™]

Kensington Resources Reports on Drilling Progress; New Prospective Zones Identified at Fort a la Corne


16:30 EDT Tuesday, August 02, 2005

VANCOUVER, British Columbia (Business Wire) -- Kensington Resources Ltd. (the "Company") (TSX VENTURE:KRT) is pleased to report on drilling progress at the Fort a la Corne Diamond Project in Saskatchewan. A total of 74 HQ coreholes (diameter of 2.5 inches or 63.5 mm) with kimberlite intersections totaling 6,056.43 metres have been completed on ten of the fourteen high interest, prioritized kimberlite bodies including the western part of the Star Kimberlite. Additionally, two coreholes intersected 151.63 metres of kimberlite drilled for hydrogeological testing. A total of 130 HQ coreholes are planned as part of the 2005 program, which is budgeted at CDN $25.6 million.

The current budgeted project activity represents work toward the first phase of the Advanced Exploration and Evaluation (AE&E) Plan. This phase will consist mainly of geological drilling and microdiamond analysis to determine the internal geology and grades of the targeted kimberlites. These results will be used by De Beers to model the grades expected in a commercial production scenario and to model average diamond values once a sufficient parcel of macrodiamonds is obtained.

"We are pleased that the rate of drilling has exceeded planning projections and that the geological drilling stage of the AE&E program is progressing smoothly towards our stated objectives for 2005," says Robert A. McCallum, President and CEO of Kensington Resources Ltd. "The presence of new prospective zones in several of the kimberlites drilled thus far is encouraging and they will be fully tested for diamond content and distribution."

Project Update Highlights

Preliminary logging of core from each drillhole has identified several more prospective areas within the kimberlite bodies. They were identified by their coarser-grained character and the presence of indicator minerals and mantle xenoliths. These bodies include Kimberlites 118, 145, 158, 219, and the Star Kimberlite. Following the "best body first" approach of the AE&E plan, the coarser-grained zones of core from Kimberlite Bodies 145 and 219 have received particular attention by De Beers kimberlite experts and microdiamond recovery sampling efforts on these cores have been prioritized.

If current dry conditions remain in the Fort a la Corne area, one drill rig will be moved to the Star Kimberlite to resume drilling on locations close to the postulated deep-going vent area of the body.

Drilling continues with three Boart-Longyear LF-70 core rigs operating on 24 hour schedules. Table One below summarizes drilling results to July 21, 2005.

For additional information and maps concerning the 2005 drilling results, please see the Company's website at www.kensington-resources.com.

Brent C. Jellicoe, P.Geo. is the Qualified Person for the Company and has reviewed the technical information herein.


Table One: Fort a la Corne Joint Venture Core Drilling Summary to
July 21, 2005

-------------------------------------------------------------------
Number Number Total Total Thickest
of of Drilled Kimberlite Kimberlite
Kimberlite Coreholes Coreholes Interval Thickness Interval
Body Planned Completed (m) (m) (m)
-------------------------------------------------------------------
Star 15 8 1,679.0 396.92 118.95
-------------------------------------------------------------------
134 5 5 1,134.0 474.35 145.10
-------------------------------------------------------------------
145 11 11 2,503.0 1027.47 176.50
-------------------------------------------------------------------
219 12 12 2,627.6 1043.53 208.09
-------------------------------------------------------------------
119 6 6 1,324.0 414.80 202.34
-------------------------------------------------------------------
133 6 6 1,362.0 309.66 100.74
-------------------------------------------------------------------
158 11 11 2,642.5 950.32 190.25
-------------------------------------------------------------------
2161 12 5 1,206.0 367.05 138.69
-------------------------------------------------------------------
118 11 8 1,881.0 793.42 192.95
-------------------------------------------------------------------
218 6 2 630.0 278.91 236.25
-------------------------------------------------------------------
Total
Priority
Drilling 95 74 16,989.1 6,056.43
-------------------------------------------------------------------
1402 1 1 249.0 148.50 148.50
-------------------------------------------------------------------
1502 1 1 249.0 3.13 2.81
-------------------------------------------------------------------
Total
Geotechnical
Drilling 2 2 498.0 151.63
-------------------------------------------------------------------
Total: 97 76 17,487.1 6,208.06
-------------------------------------------------------------------
1 equals Corehole 216-05-014C was angled at -60 degrees to
investigate the wet, eastern part of Kimberlite 216; lithological
contacts and thicknesses were not corrected for the dip of the
hole; this corehole did not have the thickest kimberlite interval.
2 equals Geohydrological holes to test ground water flows.



Kensington Resources Ltd. is an exploration and mine development company currently focused on the high potential Fort a la Corne Diamond Project in Saskatchewan. The management team includes strong technical expertise and is committed to reaching a diamond producer status for the realization of shareholder value. The Fort a la Corne Diamond Project is a joint venture among Kensington Resources Ltd. (42.245%), De Beers Canada Inc. (42.245%), Cameco Corporation (5.51%) and UEM Inc. (carried 10%). After fifteen years of exploration at Fort a la Corne, the joint venture partners have entered into an accelerated results-driven advanced exploration and evaluation phase targeted on reaching a pre-feasibility decision in 2008. The Fort a la Corne Diamond Project includes 63 identified kimberlite bodies within the largest diamondiferous kimberlite cluster in the world.

FORM 20-F FILE #0-24980

LISTED IN STANDARD & POOR'S

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Kensington Resources Ltd. (TSX VENTURE:KRT)

Kensington Resources Ltd.
Robert A. McCallum
President & CEO
1-800-514-7859 or [phone]
Fax: [phone]
[e-mail]
OR
Kensington Resources Ltd.
Mel Gardner
Manager Investor Relations
1-800-710-6083
[e-mail]
www.kensington-resources.com