Kinbauri Gold Corp.
TSX VENTURE : KNB
FRANKFURT : 3KG.DE

Kinbauri Gold Corp.

January 07, 2008 08:00 ET

Kinbauri Gold Lists on Deutsche Bourse

OTTAWA, ONTARIO--(Marketwire - Jan. 7, 2008) - Kinbauri Gold Corp. (TSX VENTURE:KNB)(FRANKFURT:3KG.DE)("Kinbauri") is pleased to announce that it is now listed on the Deutsche Bourse under the symbol 3KG.DE. The proximity of Kinbauri's Spanish assets to the European investment community is a major factor in the increased interest that Kinbauri is seeing from both institutional and retail investors in the E.U. In addition, over the next 6 months, Kinbauri is planning on an aggressive multi-faceted European investor relations program. The listing on the Deutsche Bourse will enable investors to execute trades in Euros during regular European work hours without the necessity of currency conversion.

Kinbauri's immediate priority is to expand and upgrade resources to reserves at its El Valle and Carles properties in northwestern Spain, to allow operations at the mine and mill complex there to begin in 2010. Kinbauri's press release of November 28, 2007 reported an upgrade of its N.I. 43-101 compliant resources at El Valle/ Carles to:

- Measured and Indicated: 727,618 ounces gold (4,171,159 t at 5.4g Au/t) plus 84.8 million pounds copper (3,920,159 t at 1.0% Cu).

- Inferred: 1,100,962 ounces gold (4,847,119 t at 7.1g Au/t) plus 51.9 million pounds copper (4,208,119 t at 0.6% Cu).

Dr. Vern Rampton, President and CEO noted that Kinbauri has made significant progress at El Valle over the last year and has recently initiated a 23,000 Metre infill drilling program (See press release of November 1, 2007).

"We have continued to meet the milestones set out in early 2007, primarily due to the work of our experienced development team in Spain. Our 2,000 ton per day mill and collateral facilities are in good condition and only require minimal expenditures to begin production in 2010. Contracts are in the process of being awarded to complete detailed engineering plans to allow a scoping study to be completed in May, 2008; a feasibility study in November and pre-production development and equipment purchases during 2009."

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 43,372,320 common shares issued and outstanding; 67,056,236, fully diluted.

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.

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

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