Kinbauri Drilling Suggest Significant Increase in Resources at El Valle

OTTAWA, ONTARIO (TSX VENTURE: KNB)(FRANKFURT: 3KG.DE) announces more results from its on-going 23,000m underground in-fill drill program at El Valle, Spain. Highlights of assay results from Black Skarn North ("BSN") and Area 107 ("107") include:

- 39.9m grading 5.44g Au/t, 32.6g Ag/t and 2.36% Cu in DDH08KV1108,

including 10.54g Au/t, 63.0g Ag/t and 5.15% Cu over 17.1m.

- 27.1m grading 2.80g Au/t, 15.6g Ag/t and 0.77% Cu in DDH08KV1111, including 25.52g Au/t, 59.0g Ag/t and 0.91% Cu over 1.5m.

- 11.4m grading 2.77g Au/t, 18.4g Ag/t and 1.24% Cu in DDH08KV1115, including 9.27g Au/t, 41.0g Ag/t and 3.45% Cu over 1.7m.

- 22.3m grading 2.99g Au/t, 17.4g Ag/t and 0.40% Cu in DDH08KV1106.

Recent results from the program have indicated higher grades and greater continuity of these higher grades within BSN than previously encountered. The latest results drilled on section 11.5 at El Valle support (i) the high grade values found in DDH08KV1105 (press release of May 20th, 2008) and (ii) the suggested dimensions of the BSN East Area here, approximately 20m thick and over 100m wide. The potential exists for (i) extension of BSN East Area southward some 250m to the Monica Zone and beyond and (ii) a significant increase in gold and copper resources over those documented in the March 21st, 2008 N.I. 43-101 technical report as the mineralized body remains open to the east and south. Drilling is on-going in order to further outline the extent of East Area, BSN.

DDH08KV1106 shows values consistent with adjacent holes in the Central Area of the BSN, where as DDH08KV1114 shows the grades that can be expected where BSN and 107 intersect the Charnela Structure.

Assays from the latest seven diamond drill holes are summarized as follows:
HOLE (DDH) From   To (m) Interval    %(2) Au (g/t) Ag (g/t) Cu (%) Zone/
 (1)         (m)               (m)                                 Section
                                                                  (3)
08KV1115   40.00  51.40     11.40     92     2.77     18.4   1.24  BSN/
                                                                   11.5
Including  43.30  46.65      3.35      "     5.30     29.8   3.02
Including  43.30  44.95      1.65      "     9.27     41.0   3.45
08KV1115   54.40  57.10      2.70      "     4.24     26.4   0.75
Including  55.85  57.10      1.25      "     6.87     49.0   1.28
---------------------------------------------------------------------------
08KV1114   72.25  76.20      3.95     86     6.74      6.1   0.06  BSN/
                                                                   975 E
Including  75.00  76.20      1.20      "    18.00      9.0   0.07
---------------------------------------------------------------------------
08KV1113  142.45 152.65     10.20     89     1.67     11.1   1.59  BSN:107/
                                                                   11.5
Including 146.70 149.25      2.55      "     2.40     34.6   5.18
---------------------------------------------------------------------------
08KV1112  No true widths over 1m with greater than 2g/t Au Eq      BSN/
                                                                   1075E
---------------------------------------------------------------------------
08KV1111   38.90  66.00     27.10     58      2.8     15.6   0.77  BSN:107/
                                                                   11.5
Including  41.85  43.30      1.45      "    25.52     59.0   0.91
Including  64.40  66.00      1.60      "     4.08     26.0   1.44
---------------------------------------------------------------------------
08KV1108   47.10  87.00     39.90     50     5.44     32.5   2.36  BSN:107/
                                                                   11.5
Including  62.50  79.60     17.10      "    10.54     63.0   5.15
---------------------------------------------------------------------------
08KV1106    37.9   42.7       4.8     82     2.04      6.6   0.15  BSN/
                                                                   1075
Including   37.9   39.6       1.7      "     3.25     15.0   0.31
08KV1106   53.55  75.80     22.25      "     2.99     17.4   0.40
Including  53.55  60.05      6.50      "     5.40     41.1   0.75
Including  56.90  58.60      1.70      "    11.65    110.0   1.07
Including  62.55  63.65      1.10      "     5.05     23.0   0.66
Including  66.50  68.15      1.65      "     5.18     12.0   0.42
08KV1106   78.85  82.35       3.5      "     1.61      7.0   0.24
08KV1106   87.30  88.65      1.35      "     2.84      8.0   0.16
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(1) See Schedules A, B and C for Location.  (2) Percentage estimate of True
Thicknesses. (3) BSN - Black Skarn North; 107 - Area 107

The underground drill program at El Valle and Carles is being supervised by Mr. Santiago Gonzalez-Nistal, Kinbauri Espana's senior geologist, with quality control being provided by Dr. C. F. Gleeson, P. Eng., Kinbauri's Vice-President of Exploration: both are qualified persons as defined by N.I. 43-101. Details of Kinbauri's Assay and Quality Assurance Programs are reported in a press release of February 27th, 2008. This press release was prepared by Drs V. N. Rampton, P. Eng and C. F. Gleeson, P. Eng. in their capacity as qualified persons. Dr. Rampton's will record a "Beyond the Press Release" concerning assay results obtained from El Valle and Kinbauri's mine development plans on Kinbauri's official Investor Relations Site at http://www.agoracom.com/IR/kinbauri on or after June 4th, 2008.

Kinbauri is a TSXV - Tier 1 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 in order to start operations at the mine and existing mill complex there in 2010. It currently has 48,031,689 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.

The Schedules A, B and C are available at the following address: http://media3.marketwire.com/docs/abc.pdf

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 [e-mail] Dr. Chris Gleeson, P. Eng., Vice-President Exploration 613-652-4594 [e-mail] [e-mail] Europe INVESTEL Investor Relations & Telecommunications Ruediger (Rudy) Hnyk, CEO [e-mail]