Kinbauri Closes Private Placement

Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) announces
that further to its press release of earlier today, Kinbauri has closed its
previously announced private placement of 6,000,000 Units at a price of $0.50
per Unit for gross proceeds of $3,000,000. Each Unit consists 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 until May
26, 2010. Kinbauri paid finder's fees consisting of $156,000 and 312,000
compensation warrants. Each compensation warrant entitles the holder to acquire
one Unit at a price $0.50 per Unit until May 26, 2010. All securities will be
subject to a four month hold period from the date of the closing. The proceeds
of this financing will be used for general working capital purposes.


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 in 2010. It currently has 59,243,051 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.


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