Kinbauri Announces Private Placement

Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) announces
that it intends to complete a non-brokered private placement of up to 6,000,000
units of Kinbauri at a price of $0.50 per unit ("Unit") for gross proceeds of up
to $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. The proceeds of the financing will be used for general working
capital purposes. The placement is subject to regulatory approval, including the
approval of 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 2010. It currently has 53,243,051 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.


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.