Kinbauri Announces Private Placement

  Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE: KNB) (FRANKFURT: 3KG.DE) announced today that it intends to complete a brokered private placement of up to 6,666,667 Units of Kinbauri at a price of $0.45 per Unit for gross proceeds of $3,000,000. Each Unit will consist of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of $0.70 for a period of 12 months from the date of issuance. M Partners Inc. is acting as sole agent. The proceeds of the financing will be used for general working capital purposes and the advancement of its El Valle/Carles project in northwestern Spain. The placement is subject to acceptance by the TSX Venture Exchange.

About Kinbauri:

Kinbauri is a TSXV - Tier 1 Mineral Exploration Company focused on the development of precious metal prospects in Spain, Nevada and Canada. Its immediate focus is to begin operations at its El Valle/Carles property in Asturias, northwestern Spain by 2011. It currently has 48,894,450 common shares issued and outstanding.

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.

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

Contacts: North America Darrell Munro, BB.A, LL.B Manager, Corporate Communications 613-836-0198 [e-mail] Dr. Vern Rampton, P. Eng. President 613-836-2594 613-831-2730 (FAX) [e-mail] [e-mail] Europe INVESTEL Ruediger (Rudy) Hnyk, CEO Investor Relations & Telecommunications [e-mail]