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

Kinbauri Gold Corp.

June 17, 2009 09:25 ET

Kinbauri Gold Provides Update on Court Application and Retains Financial Advisor

OTTAWA, ONTARIO--(Marketwire - June 17, 2009) - Kinbauri Gold Corp. ("Kinbauri")
(TSX VENTURE:KNB)(FRANKFURT:3KG.DE) advised today that the various matters to be heard before the Ontario Court of Justice on June 17 have been rescheduled to be heard on June 26. Kinbauri will further advise on the status and outcomes of those matters after the hearing on June 26.

The Special Committee (the "Special Committee") of the Board of Directors of Kinbauri also announced today that it has retained Gryphon Partners as its financial advisor. Gryphon Partners will assist the Special Committee in the evaluation of strategic alternatives to maximize value to Kinbauri's shareholders.

On June 9, 2009, Kinbauri's Board of Directors unanimously recommended that Kinbauri shareholders REJECT the unsolicited offer to purchase all of the outstanding Kinbauri shares made by Orvana Minerals Corporation (TSX:ORV) ("Orvana") as described in a take-over bid circular dated May 25, 2009.

Shareholders do not have to take any action on the Orvana offer and the Kinbauri Board urges you to reject it.

For assistance in withdrawing any shares already tendered, or other questions, please contact Laurel Hill Advisory Group, the Information Agent retained by Kinbauri in connection with the Orvana Offer, toll free at 1-888-812-9184 from anywhere in Canada or the United States and collect at 416-637-4661 from outside North America.

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 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.

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.

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