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KNB Kinbauri Gold Corp Com Npv

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Share Name Share Symbol Market Type
Kinbauri Gold Corp Com Npv TSXV:KNB TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Nethery Appointed to Kinbauri's Board

09/06/2008 8:56pm

Marketwired Canada


Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) is pleased
to announce the appointment of Mr. Bryan Nethery, P. Eng., M.B.A. ("Nethery") to
Kinbauri's Board of Directors. Nethery will be actively assisting Kinbauri with
advice and direction regarding its mine and mill development and maintenance
plans together with financial planning as it moves through feasibility and
pre-production development at El Valle during 2008 and 2009.


Mr. Nethery received his B.A.Sc. in Metallurgical Engineering from the
University of British Columbia in 1971 and received a M.B.A. from the same
university in 1981.  He is a Professional Engineer (BC) and Member of the
Canadian Institute of Mining and Metallurgy. Mr. Nethery has over 30 years of
domestic and international senior management and metallurgical engineering
experience. He has extensive experience in all aspects of mining project
development, from scoping studies, pre-feasibility studies, "bankable"
feasibility studies, metallurgical studies, valuations and due diligence
studies, as well as leading the design, procurement, construction and startup of
major mining projects. His career has included work in project controls,
estimating, contract administration, financial analysis, project finance, risk
analysis, and construction management. Technically, he has extensive experience
in gold, copper, lead-zinc, iron ore, nickel, as well as hydrometallurgy, SX-EW,
pressure oxidation and smelting.


Mr. Nethery was EPCM project manager for the Teck Cominco and Sumitomo 2,500 tpd
Pogo Project in Alaska where he led the project through scoping, pre-feasibility
studies, permitting, feasibility study, and ultimately design and construction.
The Pogo Project has many similarities to the El Valle project; it is an
underground mine of comparable tonnage, the mine uses paste backfill made from
mill tailings, environmental issues were a key element in permitting and
development, and the process flowsheet has numerous correlations.


From 1994-2005 he was employed by AMEC as Vice-President, Design Build and his
activities included business development, negotiations on project development
and financing and project management. Previously he was a senior manager with
Fluor Daniel Wright and project manager on a number of EPCM projects including
the Marigold Gold Mine in Nevada, the Louvicourt Project in Quebec and the Porco
Mine in Bolivia, as well as major feasibility studies. Since 2005, Nethery has
been an independent consultant involved in project and metallurgical consulting
for various clients. Mr. Nethery has worked in Spain on two major projects: the
expansion of the copper and gold plants for Rio Tinto Minera S.A.; in addition
he led the feasibility study on the Huelva Cooper Smelter Expansion for Atlantic
Copper at Huelva Spain. He is fluent in Spanish.


Dr. Vern Rampton, Ph. Eng., President and CEO of Kinbauri stated, "Bryan Nethery
has been brought on as a Director to provide the Board with project development
expertise and technical support to assist Kinbauri in moving the El Valle
project through the scoping and pre-feasibility study, and on to the feasibility
study, financing, and design and construction. I am very confident that Bryan
will be of great assistance in bringing El Valle to production."


Other Corporate Developments

Kinbauri has approved the issuance of 1,000,000 options under its current Stock
Option Plan to Directors, Officers, Consultants and Employees expiring June 9,
2011 all at an exercise price of C$0.84.


In addition in the last several months Kinbauri has netted $2,203,399.00 from
the exercise of warrants, brokers warrants and options; bringing its total
outstanding shares to the number referred to below.


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 early
2010. It currently has 48,461,564 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.


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