Kinbauri Intersects 22.4g Au/t and 0.6% Cu Over 7.4m at El Valle, NW Spain

Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) is pleased
to announce the latest results from its underground in-fill drilling program on
Area 107 at El Valle and its underground exploratory program at Carles 15 kms to
the north.


Highlights of the in-fill drilling program at Area 107 include:

- 17.25m grading 10.6g Au/t and 0.34% Cu in 07KV1033 including 7.4m grading
22.4g Au/t and 0.58% Cu.


Assays have been received from 4 in-fill drill holes and results are summarized
as follows:




Hole       From (m)   To (m) Interval  Au (g/t)  Ag (g/t)  Cu (%)    Zone/
 (DDH)(1)                       (m)(2)                           Section(3)
--------------------------------------------------------------------------
07KV1032    153.00   154.90      1.90     2.67      less    0.05    107W/2
                                                  than 2
07KV1033    228.10   245.35     17.25    10.58      3.82    0.34   107/9.5
including   228.10   235.50      7.40    22.39      6.25    0.58  107W/9.5
07KV1034    No intercepts greater than 2g Au/t                    107W/2.5
07KV1036    171.05   175.75      4.70     6.92      6.00    0.13    107W/4
--------------------------------------------------------------------------
(1) See Schedule A for locations, (2) True Thickness are estimated to be
87% for 07KV1032 and 087KV1036; 93% for 07KV1033 (3) 107 is Area 107 and
107W is Area 107 West



The high grade, wide intercepts encountered in DDH 07KV1033 exceed results
received from adjacent holes in Area 107. The other aforenoted drill holes are
located at the northwestern up-dip edge of Area 107 West and suggests that
mineralization pinches out in this direction (see Schedule A).


Results have also been received for three exploratory holes at the Carles mine
15 km north of El Valle. These holes continue to extend the down-dip limits of
the Carles north zone (see Schedule B). Results are summarized as follows:




Hole       From (m)   To (m)  Interval     Au      Ag         Cu   Section
 (DDH)(1)                        (m)(2)  (g/t)   (g/t)        (%)
--------------------------------------------------------------------------
07KC1003    129.50   134.65       5.15   3.15    less       less      1150
                                               than 2  than 0.01
including   131.50   133.50       2.00   5.96    less       less
                                               than 2  than 0.01
07KC1003    145.90    153.40      7.50   3.00     2.7       0.14      1150
including   147.65    149.40      1.75   8.60     5.0       0.33
07KC1004     62.55     69.10      6.55   4.55    less       less      1190
                                               than 2  than 0.01
07KC1004    130.10    133.75      3.65   9.64    less       less      1190
                                               than 2  than 0.01
including   131.85    133.75      1.90  15.84    less       less
                                               than 2  than 0.01
07KC1005     77.20     98.80     21.60   3.62    10.7       0.77      1100
including 1  79.20     85.50      6.30   5.36    14.9       0.44
including 2  91.20     98.80      7.80   3.71    13.1       1.17
--------------------------------------------------------------------------
(1) See Schedule B for locations, (2) True Thickness are estimated to be
18% of intervals for 07KC103 and 26% of intervals for 07KC1004 and 07KC1005



DDH 07KC1005 is located approximately 25m from CN1041, which intersected 3.8g
Au/t and 0.9% Cu over 3.4m, and 25m from CN1052, which intersected 6.4g Au/t and
0.8% Cu over 11m. DDH 07KC1003 and 07KC1004 lie on the western and down-dip
margins of Carles North.


Kinbauri has commenced a 23,000m underground in-fill drill program to convert
existing resources into reserves for Area 107 and the Black Skarn zone in order
to complete a scoping study by May, 2008 and feasibility study by November,
2008.  Prior to the end of 2008 Kinbauri expects to complete an additional
7,500m of underground and surface drilling in order to further expand gold
resources; a further one million ounces has been targeted.


The drill programs are being supervised by Mr. Santiago Gonzalez-Nistral,
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 Quality
Assurance Program are reported in press release of July 19th, 2007. This press
release was prepared by Drs. C. F. Gleeson and V. N. Rampton, P. Eng in their
capacity as qualified persons. Dr. Rampton will record a "Beyond The Press
Release" on the Company's official Investor Relations Site at
http://www.agoracom.com/ir/kinbauri, where these developments will be discussed
in detail. The recording is expected to be available on or after January 30th,
2008.


About El Valle/Carles deposits and development

Kinbauri acquired the El Valle and Carles gold-copper deposits and mine
infrastructures in northwestern Spain in 2007 after they were put on care and
maintenance by Rio Narcea Gold Mines, Ltd ("RNGM") in December 2006 (over a
period of eight years RNGM exploited approximately 1 million ounces of Au and 47
million pounds of Cu). The purchase included the mining rights to the El Valle
and Carles Au-Cu deposits as well as the La Brueva (Au) and Godán-La Ortosa (Au,
Mo) mining properties along the Rio Narcea Gold Belt. A fully operational 2000
tpd mill, office, assay and sample preparation facilities as well as a 4.7
million cu. metre tailings disposal site and mining infrastructure were included
in the package.


Kinbauri is presently expanding and upgrading resources at El Valle and Carles.
Exploratory drilling completed during 2007 achieved Kinbauri's objective of
delineating enough resources in the two most accessible zones, Area 107 and
Black Skarn North, to support in excess of a six year mine life, notably
Indicated Resources - 250,000 oz Au and 27.6 million lbs. Cu (1,577,159t at 4.9g
Au/t and 0.8% Cu) and Inferred Resources - 670,962oz Au and 37.4 million lbs. Cu
(3,046,119t at 6.9g Au/t). See release of November 28th, 2007 for more details.
Kinbauri has increased total resources at El Valle and Carles to 1,828,580
ounces of gold and 136.7 million pounds of copper, consisting of measured and
indicated - 727,618 oz Au (4,171,159t at 5.4g Au/t) plus 84.8 million lbs. Cu
(3,930,159t at 1.0% Cu) and inferred - 1,100,962oz Au (4,847,119t at 7.1g Au/t)
plus 51.9 million lbs. Cu (4,208,119t at 0.6% Cu).


Kinbauri is a TSX VENTURE - 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 43,372,320 common shares issued and outstanding;
67,056,236, fully diluted.


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.


Schedule A is available at the following address:
http://www.ccnmatthews.com/docs/KINB_Schedule_A.pdf


Schedule B is available at the following address:
http://www.ccnmatthews.com/docs/KINB_Schedule_B.pdf