Kinbauri Announces $1 Million Strategic Investment by Anglo Pacific to Compliment $7.5m Royalty Financing and Accelerated Drill

Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) wishes to
announce that in conjunction with a $7.5M royalty financing with Anglo Pacific
Group PLC ("AngloPac") (press release of March 10th, 2008) it has completed a
non-brokered private placement with AngloPac for 1,250,000 units of Kinbauri at
a price of $0.80 per unit for gross proceeds of $1M. Each unit is comprised of
one common share and one-half warrant, each whole warrant entitling the holder
to acquire one common share at an exercise price of $1.00 until April 21st,
2009. There are no fees attached to this private placement.


During the past several months Kinbauri has exceeded expectations in the
progress of, and results received from, its 23,000 metre infill drilling program
at the El Valle/Carles project in Spain and indications are that the program
will be finished ahead of schedule. Results from the drilling show numerous
lengthy intersections and strong assays of gold and copper (See Press Releases
of April 17, April 1; March 18, March 7; February 27, February 14 and January
29, 2008; and December 13, 2007). The $1M equity placement in conjunction with
the $7.5M royalty financing, which is expected to close by the end of April upon
final registration of documents in Spain, will fully fund Kinbauri so that it
can maintain its accelerated drill program at El Valle/Carles and deliver a
feasibility study for the recommencement of production there by the end of 2008.
Subsequent to the feasibility study, Kinbauri intends to primarily finance its
pre-production needs through debt financing.


Kinbauri is extremely pleased to have AngloPac as a significant shareholder.
This placement, in conjunction with their NSR purchase, is a strong vote of
confidence for Kinbauri's plan to recommence mining at El Valle/Carles by 2010.
Kinbauri looks forward to working with AngloPac towards this mutual goal.


Kinbauri is a TSX VENTURE - Tier 1 Mineral Exploration Company focused on
expanding and upgrading resources to reserves at its El Valle property in
Asturias, Spain in order to start operations at the mine and mill complex there
in 2010. Upon restart, El Valle will become the largest gold producer in Western
Europe. Kinbauri plans to advance its North American properties via joint
ventures. Kinbauri currently has 46,786,876 common shares issued and
outstanding.


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.


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.