Kinbauri Extends Warrants

  Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE: KNB)(FRANKFURT: 3KG.DE) announces that the common share purchase warrants expiring on September 30, 2008, have been extended to March 31, 2009. In connection with the extension, the warrants have been amended to include a forced conversion if the common shares of Kinbauri close at $0.85 or more for fifteen consecutive trading days, subsequent to which the warrants will expire in 30 days.

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 early 2010. It currently has 48,752,695 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.

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: Kinbauri Gold Corp. Darrell Munro, BB.A, LL.B Manager Corporate Communications 613-836-0198 [e-mail] Kinbauri Gold Corp. 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]