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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 Bolsters El Valle Mine Development Team in Spain Anticipating Eventual Re-Start of Operations

04/09/2007 4:50pm

Marketwired Canada


Kinbauri Gold Corp. (TSX VENTURE:KNB) ("Kinbauri") is pleased to announce that
it has engaged Mr. Francisco Ruiz as Senior Environmental Officer of its
wholly-owned subsidiary, Kinbauri Espana S.L. ("Espana").  Formerly employed by
Rio Narcea Gold Mines, Ltd. ("RNGM") since 1997 as environmental and assay
laboratory superintendent and metallurgist, Mr. Ruiz, will be in charge of
environmental affairs, including standards for mine water discharge at
Kinbauri's El Valle and Carles mining complexes in Asturias, NW Spain.  While
these facilities have been placed on care and maintenance, they presently are
being utilized by Kinbauri for drilling and geotechnical assessment in
preparation for the recommencement of production.  In addition to his present
responsibilities, Mr. Ruiz will manage the on-site preparation assay
laboratories at El Valle and assist in directing the metallurgical processing at
the El Valle mill when operations eventually recommence there.


Management Team at El Valle

Mr. Ruiz received an honours degree in chemistry from the University of Oveido
in 1996.  He has widespread experience in industrial pilot studies, plant
testing, quality controls, waste water treatment, metallurgy and land
reclamation.  Subject to the eventual engagement of a senior mining engineer,
Mr. Ruiz will provide the critical expertise to complete the management and
technical team to recommence production at El Valle and Carles.  He joins a
senior team of professionals comprised of Mr. Jean Bailly, Espana's
Vice-President, COO & Development/Mine Manager, with 30 years experience in mine
development and management including the Cayeli Bakir in Turkey, Mobrun and the
Chadbourne Mining Division of Noranda in Quebec; and Mr. Santiago Gonzalez, 
Espana's Chief Geologist and formerly Project Geologist, Project Manager and
Chief Mine Geologist at El Valle and Carles since 1993 with RNGM.  Mr. Gonzalez,
a member of the European Federation of Geologists, is a qualified person under
NI 4-101.


In addition, Kinbauri is pleased to announce the addition to its corporate head
office of Mr. John H. Adams, P. Geo., a qualified person under NI 43-101, who
received his B. Sc. (Honours) at Carleton University in 1971.  He has extensive
experience in planning, implementing and managing exploration programs,
including the preparation of proposals, technical/qualification reports as well
as having worked in the past as a consultant and manager for various projects in
Canada, USA, Indonesia, China, Iran, Jamaica and Central America.


Options

Kinbauri has approved the issuance of 145,000 stock options in total under its
current Stock Option Plan to Ruiz and Adams at an exercise price of $0.75
expiring on July 3rd, 2010.  These securities are subject to a four month hold
period.


Program Funding/Financial Position

Kinbauri is completely funded to complete its $5.4M on-going program of
exploration and development in the Rio Narcea Gold Belt, primarily at El Valle. 
Presently, the majority of its funds ($5,530,000) are held in high quality
interest-bearing accounts with Canadian banks.  As of the end of August, 503,365
euro were also on hand in Espana's accounts to service on-going costs.


This press release was prepared by Dr. V. N. Rampton, P. Eng in his capacity as
a qualified person.  Dr. Rampton will record a "Beyond The Press Release" on the
Company's official Investor Relations Site a
http://www.agoracom.com/ir/kinbauri, where these developments will be discussed
in detail.  The recording is expected to be available on or after September 5th,
2007.


About Kinbauri: Kinbauri is a 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 with a
view to recommencing operations at the mine and mill complex there.  Kinbauri
currently has 43,372,320 common shares issued and outstanding; 67,056,236 fully
diluted.


About El Valle:  The El Valle project was first identified in 1992 when several
areas having significant gold mineralization were discovered.  After the 1996
Feasibility Study by RNGM, additional gold deposits were discovered, including
Area 107, Black Skarn North, Sienna, Charnela, Charnela South and Caolinas, and
Area 208; these discoveries clearly indicate that the El Valle-Boinás area still
has great potential for discovery of additional gold mineralization.  El
Valle-Boinas also has the potential to combine the mining of large tonnage, low
grade deposits concurrently with lower tonnage, high grade deposits.


Kinbauri is targeting two highly mineralized zones, Area 107 and Black Skarn
North, in its on-going exploration program as these zones have the potential for
rapid identification of reserves to support a mining operation, due to their
proximity to existing mine workings and  apparent continuity of mineralization. 
As of March 21, 2007, Ore Reserves Engineering in a N.I. 43-101 compliant report
estimated indicated resources of 12,000 ounces gold (38,000 tonnes at 9.8g Au/t)
and inferred resources of 342,000 ounces gold (913,000 tonnes at 11.6g Au/t) for
Area 107; it is open at depth and along strike.  Black Skarn North has estimated
inferred resources of 73,000 ounces gold and 5,000 tonnes copper (445,000 tonnes
at 5.1g Au/t and 1% Cu) and is open to the east and west. Drilling priorities at
Area 107 include extending the high grade mineralization at depth and extending
it to the north and south, whereas drilling at the Black Skarn North focus on
extending the continuity of the mineralization to the east and west.    A
21-hole underground drill program totalling 7,000m is to be completed by the end
of September 2007.  The 2007 planned program also includes drifting at Area 107,
including 150 meter access and 20 meters of drilling bays with a 15 meter
testing drift, to be followed by definition drilling of 1,500 meters with one
rig in November.  As well, drifting will be undertaken concurrently in the Black
Skarn area in the fall with a 300 meter decline and 50 meters of drilling bays
to accommodate definition drilling of 3,000 metres, with two rigs slated to
begin in November.  A successful program will result in defined resources to
support six years of production.  To date, drill results as reported in Kinbauri
releases of July 9th, 2007 and August 22nd, 2007 suggest that these objectives
will be met.  Kinbauri then plans to complete engineering studies to determine
the mine development required to convert resources to reserves sufficient for
three years production at El Valle mill's optimal production rates.  Thereafter,
the plans are to continue exploration in order to delineate resources and
reserves at El Valle/Carles to allow a mining life beyond six years.  Production
is conditional on reserves being established and a feasibility study being
completed.  To find out more about El Valle, please visit Kinbauri's web-site at
www.kinbauri-gold.com.


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.


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