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KNB Kinbauri Gold Corp Com Npv

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Share Name Share Symbol Market Type
Kinbauri Gold Corp Com Npv TSXV:KNB TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Kinbauri Advises that ATW Has Terminated Letter Agreement

31/07/2009 9:20pm

Marketwired Canada


The board of directors of Kinbauri Gold Corp. ("Kinbauri")(TSX
VENTURE:KNB)(FRANKFURT:3KG.DE) today advised that they have received notice from
ATW Gold Corp. (TSX VENTURE:ATW) ("ATW") that ATW has terminated the letter
agreement dated July 12, 2009 to combine Kinbauri and ATW. Given the short
notice, Kinbauri's board has not had the opportunity to consider all of its
alternatives and is unable to make a recommendation to shareholders at this time
regarding the offer of Orvana Minerals Corp. (the "Offer"). After considering
all alternatives, Kinbauri's board will provide its recommendation to Kinbauri's
shareholders regarding the Offer.


The directors and officers of Kinbauri advise that they have not tendered their
shares to the Offer.


For questions, please contact Laurel Hill Advisory Group, the Information Agent
retained by Kinbauri in connection with the Orvana Offer, toll free at
1-888-812-9184 from anywhere in Canada or the United States and collect at
416-637-4661 from outside North America.


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.


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