Kinbauri Gold Announces Reasons Issued in Court Hearing with Glen Eagle

  Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE: KNB)(FRANKFURT: 3KG.DE) announces that Justice Wilton-Seigel has issued his reasons in respect of his ruling of the dispute between Kinbauri and Glen Eagle Resources Inc. ("Glen Eagle"). A copy of the reasons has been posted on Kinbauri's website www.kinbauri-gold.com as well as on www.kinbaurimaximized.com. Kinbauri strongly encourages shareholders to review the reasons. Kinbauri is pleased with Justice Wilton-Seigel's assessment of the facts and issues in the dispute with Glen Eagle as set out in his reasons and continues to be highly confident that it will prevail in defeating Glen Eagle's claims and in winning the counter claims for substantial damages that it will be asserting in the arbitration.

About Kinbauri

Kinbauri (TSX VENTURE: KNB) is a 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 59,348,051 common shares issued and outstanding. For more information visit www.kinbaurimaximized.com or 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.

Contacts: North America: Mr. Brian McEwen Director, Special Committee member 613-836-2594 613-831-2730 (FAX) [e-mail] Darrell Munro, BB.A, LL.B Manager, Corporate Communications 613-836-0198 [e-mail] www.kinbauri-gold.com Europe: INVESTEL Ruediger (Rudy) Hnyk, CEO Investor Relations & Telecommunications [e-mail]