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

Kinbauri Gold Corp.

March 26, 2009 10:23 ET

Kinbauri Closes Final Tranche of Private Placement

OTTAWA, ONTARIO--(Marketwire - March 26, 2009) - Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) is pleased to announce that it has closed the final tranche of its previously announced (February 20) brokered private placement. This tranche consisted of 1,140,000 Units for aggregate gross proceeds of $513,000. Each Unit consists of one common share and one-half of a common share purchase warrant at a price of $0.45 per Unit. Each whole warrant entitles the holder to purchase one common share at a price of $0.70 for a period of 12 months from the date of issuance. The securities are subject to a four month hold period from the date of the closing.

In connection with the closing of this tranche of the offering, M Partners Inc. has been paid a commission of $22,950 and received broker warrants to purchase an aggregate of 51,000 Units at a price of $0.45 per Unit for a period of 12 months from the date of the closing. The proceeds of the financing will be used for general working capital purposes and the advancement of the El Valle/Carles project in northwestern Spain. The placement is subject to acceptance by the TSX Venture Exchange.

About Kinbauri:

Kinbauri is a TSXV - Tier 1 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 by 2011. It has 53,243,051 common shares issued and outstanding.

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

Contact Information