Kinbauri Gold Corp.

Kinbauri Gold Corp.

July 09, 2007 10:47 ET

Kinbauri Gold Appoints Brian McEwen to Board

Louis Dionne to Advisory Committee

OTTAWA, ONTARIO--(Marketwire - July 9, 2007) - Kinbauri Gold Corp. (TSX VENTURE:KNB)("Kinbauri") is pleased to announce that Brian McEwen and Louis Dionne have joined Kinbauri, Messrs. McEwen and Dionne will benefit Kinbauri's transition toward being a mid-tier gold producer at El Valle-Carles and Corcoesto in northwestern Spain, bringing extensive geological, mining and financial experience to Kinbauri.

Brian McEwen was appointed to Kinbauri's Board of Directors on June 29th, 2007. He is currently President and COO of Buffalo Gold Corp. ("Buffalo") and President & CEO of Dynasty Gold Corp. and spearheaded their recent aggressive international growth and capital funding initiatives, including a $5.5 million investment by Buffalo into Kinbauri. Mr. McEwen's appointment will add further depth to Kinbauri's financial and technical expertise as he has over 25 years of experience in project management, economic evaluation and mine planning for such companies as AMEC Inc., where he was Manager of Geology for Latin America and Norwest Corporation where he was Project Manager.

Louis Dionne was appointed to Kinbauri's Advisory Committee on June 4th, 2007. He brings a wealth of experience spanning over 30 years in the development of several world class gold projects. He was formerly the Senior Vice-President of Underground Operations for Barrick Gold Corporation as well as President and CEO of Richmont Mines. Notably, in his capacity as Senior Vice-President at Barrick, he developed the Meikle Mine and Rodeo Project in Nevada as well as the Holt McDermott Mine in Ontario. Mr. Dionne will provide important technical direction to Kinbauri as it moves towards mine development at the El Valle and Carles projects.

About Kinbauri Gold's Spanish Operations

Kinbauri has initiated a $5.4 million exploration campaign to expand resources to enable it to recommence mine production at El Valle. Drilling priorities there are focused on two highly mineralized zones having the potential for rapid identification of reserves to support a mining operation, due to their proximity to existing mine workings and apparent continuity of mineralization. Ore Reserves Engineering ("ORE") in a N.I. 43-101 compliant Technical Report dated March 21, 2007, estimated Measured & Indicated Resources of 477,000 ounces of gold and 26,000 tonnes of copper (2,594,000 tonnes at 5.7g Au/t and 2,343,000 tonnes at 1.13% Cu) and Inferred Resources of 845,000 ounces of gold and 11,600 tonnes of copper (3,159,000 tonnes at 8.3g Au/t and 1,607,000 tonnes at 0.84% Cu) at El Valle and Carles. Since the Feasibility Study of 1996 by Rio Narcea Gold Mines, additional gold deposits were discovered at El Valle including Area 107, Black Skarn North, Sienna, Charnela, Charnela South and Caolinas, and Area 208. Discovery of these deposits indicates that the El Valle holds good potential for discovery of additional gold mineralization. For further details see releases of 16/01/07 and 4/07/07.

Kinbauri is presently compiling a resource update for the Corcoesto project where it recently completed a 4,332 metre drill program. In a N.I. 43-101 compliant Technical Report dated August 22nd, 2007, ORE estimated Measured & Indicated Resources of 264,000 ounces of gold (4,664,000 tonnes at 1.76g Au/t) and Inferred Resources of 32,000 ounces of gold (587,000 tonnes at 1.69g Au/t). ORE indicated that "the Corcoesto Project has very good prospects for progressing from exploration to a working mine". For further details see releases of 24/08/06 and 4/05/07.

ORE's N.I. 43-101 compliant reports entitled "Technical Report for the Corcoesto Gold Deposit Galicia Spain" dated August 22nd, 2006 and "Technical Report for the El Valle, Carles, La Brueva and Godan Gold Deposits" dated March 21st 2007 are available on Sedar at and on Kinbauri's web-site at

Kinbauri's immediate focus is to become Spain's next mid-tier gold producer by expanding and upgrading resources to reserves at El Valle in Asturias, Spain in order to re-start operations at the mine and mill complex there; and by establishing resources to support a mine and mill at Corcoesto in Galicia, Spain where it has an option to earn a 65 percent interest in the property.

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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