Drilling Extends High Grade Skarn at Kinbauri's El Valle Project Drills 15.2m of 8.2g Au/t, 18.0g Ag/t and 1.19% Cu Including 5.

OTTAWA, ONTARIO (TSX VENTURE: KNB)(FRANKFURT: 3KG.DE) is pleased to announce continued results from its on-going 23,000m underground in-fill diamond drilling program at El Valle (over 75% the program is now complete). Highlights of assay results from Black Skarn North ("BSN") and Area 107 ("107") include:

- 35.8m grading 4.9g Au/t, 13.9g Ag/t and 0.80% Cu in 08KV1117,
  including 5.8m grading 11.1g Au/t, 36.5 Ag/t and 1.14% Cu.

- 15.2m grading 8.2g Au/t, 18.0g Ag/t and 1.19%Cu also in 08KV1117,
  including 3.8m grading 25.1g Au/t, 37.8g Ag/t and 2.04% Cu.

- 25.0m grading 4.1g Au/t, 2.8g Ag/t and 0.21% Cu in 08KV1110,
  including 1.7m grading 12.2g Au/t, 2.0g Ag/t and 0.05% Cu.

- 17.9m grading 3.9g Au/t, 16.0g Ag/t and 0.54% Cu in 08KV1103,
  including 3.1m grading 10.8g Au/t, 53.5g Ag/t and 1.18% Cu.

- 9.1m grading 12.1g Au/t, 47.2g Ag/t and 2.69% Cu in 08KV1120,
  including 4.3m grading 23.8g Au/t, 97.1g Ag/t and 5.53% Cu.

Results from 08KV1117 on section 12 indicate an extension of the "high grade skarn" (hereafter referred to as the San Martin Zone) at least 30m further south of 08KV1105. The San Martin zone was first identified in 08KV1105 (press release of May 20th, 2008). As suggested in our press release of June 3rd, continuation of the San Martin Zone to the Monica Zone, a further 200 m to the south, would result in a significant increase in El Valle's total gold and copper resources.

Holes 08KV1116, 08KV1118 and 08KV1120 are in-fill holes located in the Central Area of BSN, where chalcopyrite-magnetic skarn is overprinted by epithermal mineralization associated with the Charnela Zone. This results in substantial Au-Ag-Cu enrichment, most dramatically illustrated by the 4.25m of 23.79g Au/t, 97.1g Ag/t and 5.53% Cu in 08KV1120. Holes 08KV1103, 08KV1110 and 08KV1119 are in-fill holes in the West Area of BSN that confirm the thickness and grade of previously drilled Au-Ag-Cu bearing skarn in this Area (press releases of February 27th, March 10th and April 17th, 2008). Hole 08KV1068 is on section 5 and is from the oxidized sector of Area 107 where gold is hosted in jasperoid breccia.

Assays from the latest ten diamond drill holes are summarized as follows:

HOLE          From      To Interval    %      Au      Ag     Cu        Zone
(DDH)(1)        (m)     (m)      (m)  (2)   (g/t)   (g/t)    (%) /Section(3)
08KV1120     81.90   91.00     9.10   94   12.10    47.2   2.69     107/975
Including    85.35   89.60     4.25    "   23.79    97.1   5.53
---------------------------------------------------------------------------
08KV1119    103.00  104.50     1.50   55    2.09    11.0   0.95     BSN/900
08KV1119    112.70  127.70    15.00    "    3.64     7.3   0.24
Including   112.70  115.90     3.20    "    5.63     6.0   0.18
08KV1119    122.95  124.55     1.60    "    7.43    30.0   0.80
---------------------------------------------------------------------------
08KV1118     85.85   97.10    11.25   34    2.34    12.8   0.58     BSN/975
Including    90.35   91.65     1.30    "    5.74    53.0   1.37
08KV1118    100.20  111.75    11.55    "    1.95    10.1   0.59
Including   105.45  106.80     1.35    "    2.37    28.0   1.49
---------------------------------------------------------------------------
08KV1117    169.15  204.90    35.75   30    4.92    13.9   0.80     BSN/12
Including   177.40  197.00    19.60    "    7.40    18.0   0.88
Including   177.40  183.20     5.80    "   11.08    36.5   1.14
08KV1117    228.10  243.25    15.15    "    8.15    18.0   1.19
Including   230.25  234.00     3.75    "   25.12    37.8   2.04
08KV1117    252.40  254.20     2.10    "    3.08    18.0   1.92
---------------------------------------------------------------------------
08KV1116     83.65  107.55    23.90   57    1.87     6.5   0.38     BSN/975
Including    91.25   92.75     1.50    "    5.06     2.0   0.08
Including    97.00   98.60     1.60    "    7.10    21.0   0.35
08KV1116    117.60  133.60    16.00    "    1.65     9.0   0.58
Including   117.60   120.9     3.30    "    4.20    18.5   1.15
08KV1116    149.40  150.80     1.40    "    1.58    10.0   0.62
---------------------------------------------------------------------------
08KV1110    112.10  126.50    14.40   78    2.72    12.7   1.14     BSN/900
Including   122.00  126.50     4.50    "    6.00    25.7   2.20
08KV1110    130.20  148.30    18.10    "    2.23    11.4   0.66
Including   130.20  134.00     3.80    "    1.67    16.3   2.06
08KV1110    165.25  190.20    24.95    "    4.05     2.8   0.21
Including   166.90  168.55     1.65    "   12.21     2.0   0.05
Including   171.55  177.85     6.30    "    5.33     3.1   0.13
08KV1110    199.35  202.85     3.50    "    4.67     2.4   0.21
Including   199.35  200.85     1.50    "    6.99     3.0   0.34
---------------------------------------------------------------------------
08KV1109     69.40   70.70     1.30    "    2.28       3   0.03    BSN/1075
---------------------------------------------------------------------------
08KV1107         No intercepts of 2 g/t Au eq                         107/9
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08KV1103    114.10  131.95    17.85   57     3.9    16.0   0.54     BSN/875
Including1  115.85  122.25     6.40    "    7.40    34.9   1.09    &107W/2W
Including2  115.85  118.95     3.10    "   10.78    53.5   1.18
--------------------------------------------------------------------------
08KV1068    106.55  115.70     9.15   87    2.42     5.4   0.21      107/5
Including   106.55  109.20     2.65    "    5.80    11.8   0.28
Including   407.20  109.20     2.00    "    6.82    13.0   0.17
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(1) See Schedules A and B for Location. (2) Percentage estimate of True
 Thicknesses. (3) BSN - Black Skarn North, 107 - Area 107

The underground drill program at El Valle and Carles is being supervised by Mr. Santiago Gonzalez-Nistal, Kinbauri Espana's senior geologist, with quality control being provided by Dr. C. F. Gleeson, P. Eng., Kinbauri's Vice-President of Exploration: both are qualified persons as defined by N.I. 43-101. Details of Kinbauri's Assay and Quality Assurance Programs are reported in a press release of February 27th, 2008. This press release was prepared by Drs V. N. Rampton, P. Eng and C. F. Gleeson, P. Eng. in their capacity as qualified persons. Dr. Rampton has recorded "Beyond the Press Releases" concerning assay results obtained from El Valle and Kinbauri's mine development plans on Kinbauri's official Investor Relations Site at http://www.agoracom.com/IR/kinbauri.

In other corporate news: only 790,000 of the previously announced one million options approved for issuance were actually awarded (press release of June 9th, 2008); a further award of options await a total corporate review of corporate governance and compensation policies.

About Kinbauri

Kinbauri is a TSXV - Tier 1 Mineral Exploration Company focused on the development of mineral properties, primarily precious metal prospects in northwestern Spain, Nevada and Canada. Its immediate focus is to expand and upgrade resources to reserves at the El Valle property in Asturias, Spain in order to start operations at the mine and existing mill complex there in 2010. It currently has 49,567,013 common shares issued and outstanding.

This press release contains certain forward-looking statements, which are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected. Kinbauri undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

VISIT:

Kinbauri Gold's Hub at http://www.agoracom.com/IR/kinbauri where investors can post questions and receive answers or review questions and answers already posted by other investors.

Kinbauri Web-Site: www.kinbauri-gold.com

The Schedules A & B are available at the following address : http://media3.marketwire.com/docs/Schedules_A.pdf

http://media3.marketwire.com/docs/Schedules_B.pdf

THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts: North America Kinbauri Gold Corp. Darrell Munro, BB.A, LL.B, Manager Corporate Communications 613-836-0198 [e-mail] www.kinbauri-gold.com Europe INVESTEL Ruediger (Rudy) Hnyk, CEO Investor Relations & Telecommunications [e-mail]