Kinbauri Gold Corp.: Drilling at El Valle Intersects 19.5m of 13g Au/t, 124g Ag/t and 5.6% Cu Including 8.8m of 25g Au/t, 208g A

Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) is pleased
to announce further results from its on-going 23,000m underground in-fill drill
program at El Valle (over 85% complete). Highlight of assay results from Black
Skarn North ("BSN") and Area 107 ("107") include:


- 19.5m grading 13.0g Au/t, 123.7g Ag/t and 5.63% Cu in DDH 08KV1128, including
8.8m grading 25.3g Au/t, 208.4 Ag/t and 10.69% Cu.


- 2.6m grading 116.1g Au/t, 4.5g Ag/t and 0.26% Cu, and 1.5m grading 15.6g Au/t
and 0.3g Ag/t in DDH 08KV1126.


- 30.7m grading 2.7g Au/t, 19.1g Ag/t and 0.63% Cu in DDH 08KV1124, including
3.0m grading 5.5g Au/t, 45.5g Ag/t and 1.10% Cu.


- 5.5m grading 4.7g Au/t, 17.3g Ag/t and 0.12% Cu in DDH 08KV1122, including
1.3m grading 11.0g Au/t,  11.0g Ag/t and 0.23% Cu.


- 8.6m grading 3.1g Au/t, 16.5g Ag/t and 0.54% Cu in DDH 08KV1121, including
2.7m grading 5.9g Au/t,  41.0g Ag/t and 0.13% Cu.


The high gold, silver and copper values found in 08KV1128 appear to result from
the Charnela structure intersecting BSN in combination with supergene
enrichment.  Similar metal enrichment can also be observed in 08KV1120, 25m to
the east, where Charnela is again superimposed on BSN: here 9.1m of 12.1g Au/t,
47g Ag/t and 2.69% Cu was intersected (see press release of June 20th, 2008). 
The full extent of the enriched mineralization along the Charnela structure has
not been established.


In-fill DDHs 08KV1122, 08KV1123 and 08KV1125 within the West Area of BSN and
DDHs 08KV1124 and 08KV1129 within the East Area of BSN confirm the continuity of
Au-Ag-Cu mineralization in those areas (see table below for summary of assays).


DDHs 08KV1121, 08KV1126 and 08KV1127 are in-fill holes within 107.  DDH 08KV1126
shows high gold values, 116.1g Au/t, and lesser silver and copper values, 4.55g
Ag/t and 0.26% Cu, over 2.6m, typical of the epithermal mineralization that
characterizes 107.  08KV1127 lies near the northwest edge of 107 in the vicinity
of sections 1 through 3 where it was previously noted that mineralization was
waning.


Assays from the latest nine diamond drill holes are summarized as follows:



---------------------------------------------------------------------------
HOLE          From       To  Interval         Au      Ag    Cu     Zone/
(DDH)(1)        (m)      (m)    (m)   %(2)  (g/t)   (g/t)   (%) Section (3)
---------------------------------------------------------------------------
08KV1129       52.5       70    17.5   39    4.49    5.6   0.41    107/9.5
 Including1    52.50   54.15    1.65    "    5.43    5.2   0.13
 Including2    60.75   70.00    9.25    "    7.05    8.8   0.71
 including2.1  65.00   70.00    5.00    "   11.08   10.5   0.65
---------------------------------------------------------------------------
                                                                     BSN: 
08KV1128       64.45   70.45    6.00   88    2.09    2.7   0.01     CH/950
08KV1128       84.40  103.85   19.45    "   13.04  123.7   5.63
 Including     84.40   93.15    8.75    "   25.31  208.4  10.69
---------------------------------------------------------------------------
08KV1127      158.50  159.50    1.00   77    1.08    4.8   0.52   107/1100
---------------------------------------------------------------------------
08KV1126      174.80  177.40    2.60   93  116.13    4.5   0.26      107/9
08KV1126      209.40  210.85    1.45    "   15.55    0.3   0.01
---------------------------------------------------------------------------
08KV1125       73.15   74.55    1.40   44    5.36   38.0   0.06    BSN/950
08KV1125      106.30  108.00    1.70    "    3.16    6.0   0.19
---------------------------------------------------------------------------
08KV1124      139.05  140.55    1.50   32    1.68   12.0   0.76     BSN/12
08KV1124      149.65  156.70    7.05    "    1.62   10.3   0.30
08KV1124      185.00  215.70   30.70    "    2.67   19.1   0.63
 Including    185.00  187.00    2.00    "    6.87   33.5   1.02
 Including    197.50  200.50    3.00    "    5.45   45.5   1.10
 Including    202.70  203.55    0.85    "   14.07    167   6.34
08KV1124      223.10  233.65   10.55    "    1.41   18.7   0.56
 Including    232.20  233.65    1.45    "    3.80   44.4   1.15
---------------------------------------------------------------------------
08KV1123       98.55  100.70    2.15    "    5.45   17.1   1.20
 Including     99.60  100.70    1.10    "    7.35   23.0   2.03
08KV1123      104.50  126.55   22.05    "    1.52   10.3   0.32
08KV1123      131.60  133.40    1.80    "    2.49   15.0   0.40
---------------------------------------------------------------------------
08KV1122       93.50   97.95    4.45   29    1.88    7.0   0.19    BSN/900
 Including     97.20   97.95    0.75         7.38   12.0   0.38
08KV1122      104.40  109.90    5.50    "    4.66   17.3   0.12
 Including    107.40  108.65    1.25    "   11.00   11.0   0.23
---------------------------------------------------------------------------
                                                                     A107/
08KV1121      144.10  152.70    8.60   99    3.07   16.5   0.54      1100
 Including    148.50  151.20    2.70    "    5.87   41.0   0.13
---------------------------------------------------------------------------

(1) See Schedules A and B for Location. (2) Percentage estimate of True 
Thicknesses.  (3) BSN - Black Skarn North, 107 - Area 107, CH - Charnela 
Projection



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 will be recording a "Beyond the Press Release" webcast
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 July 8th, 2008.


About Kinbauri

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 49,584,870 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.


Maps are available at the following addresses:

http://file.marketwire.com/release/2008-26%20Schedules%20A.pdf

http://file.marketwire.com/release/2008-26%20SchedulesB.pdf

OR 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