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

Kinbauri Gold Corp.

March 18, 2008 08:00 ET

Kinbauri Gold Drills 27.9m Grading 5.4g Au/t, 14.5g Ag/t and 0.8% Cu, Including 3.5m of 18.3g Au/t, 46.0g Ag/t and 1.6% Cu

OTTAWA, ONTARIO--(Marketwire - March 18, 2008) - Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) is pleased to announce the latest results from its on-going 23,000m underground drilling program at El Valle in northwestern Spain. Highlights of the assay results include:

- 27.9m grading 5.4g Au/t, 14.5g Ag/t and 0.78% Cu in DDH 08KV1058 including 3.5m grading 18.3g Au/t, 46.0g Ag/t and 1.6% Cu

- 10.1m grading 11.0g Au/t, 2.5g Ag/t and 0.54% Cu in DDH 08KV1058 including 3.2m grading 29.3g Au/t, 4.0g Ag/t and 0.43% Cu

- 1.5m grading 10.1g Au/t, 2.0g Ag/t and 0.22% Cu in DDH 08KV1054

- 26.7m grading 3.0g Au/t, 6.1g Ag/t and 0.36% Cu in DDH 08KV1060 including 4.1m grading 8.2g Au/t, 7.5g Ag/t and 0.27% Cu including 2.2m grading 5.6g Au/t, 13.9g Ag/t and1.26% Cu

- 1.8m grading 8.0g Au/t, 25.0g Ag/t and 0.83% Cu in DDH 08KV1060

The underground infill program continues to generate excellent results, most notably high grade Au and Cu values where the Area 107 epithermal structure intersects Black Skarn mineralization.

Assays as received from a further eight diamond drill holes at El Valle are summarized as follows:



HOLE (DDH) From (m) To (m) Interval Au (g/t) Ag Cu(%) Zone/Section
(1) (m) (g/t) (3)
(2)
--------------------------------------------------------------------------
--------------------------------------------------------------------------
08KV1065 36.85 38.60 1.75 2.72 4.00 0.16 BSN/1050
08KV1065 47.60 49.40 1.80 3.11 9.00 0.43 (1.5)
08KV1065 63.50 70.15 6.65 2.22 5.00 0.27
including 68.95 70.15 1.20 6.30 20.00 0.52
08KV1065 75.00 89.15 14.15 1.96 7.81 0.45
including 79.00 83.15 4.15 3.77 19.00 0.96
--------------------------------------------------------------------------
08KV1063 37.75 79.35 43.60 0.94 3.70 0.56 107/10.5
including 41.70 42.20 0.50 2.74 28.00 3.36
including 43.30 45.45 2.15 2.03 10.00 0.93
--------------------------------------------------------------------------
08KV1060 36.00 37.80 1.80 8.04 25.00 0.83 BSN/1050
08KV1060 42.40 69.10 26.70 2.99 6.10 0.36 (1.5)
including 42.40 43.70 1.30 4.87 27.0 0.75
including 47.00 49.20 2.20 5.57 13.90 1.26
including 55.10 59.20 4.10 8.20 7.50 0.27
--------------------------------------------------------------------------
08KV1058 34.70 62.55 27.85 5.37 14.50 0.78 A107/10.5
including 44.00 47.45 3.45 18.25 46.00 1.57
including 54.25 58.10 3.85 7.88 26.50 2.15
08KV1058 138.00 148.10 10.10 10.99 2.50 0.54
including 142.30 145.50 3.20 29.30 4.00 0.43
--------------------------------------------------------------------------
08KV1057 31.70 33.25 1.55 0.50 20.00 1.09 BSN/1050
08KV1057 69.05 70.00 0.95 2.25 4.00 0.27 (1.5)
--------------------------------------------------------------------------
08KV1055 32.80 34.50 1.70 4.36 10.0 0.38 107/10.5
08KV1055 42.00 43.20 1.20 0.11 103.0 1.44
08KV1055 152.40 157.00 4.60 2.89 2.00 0.79
including 152.40 155.00 2.60 4.40 2.00 0.17
--------------------------------------------------------------------------
08KV1054 165.15 174.70 9.55 3.64 17.20 0.38 107W/1140
including 168.20 173.65 5.45 5.53 24.60 0.15
including 168.20 169.70 1.50 10.06 2.00 0.22
including 172.60 173.65 1.06 10.86 2.00 0.09
--------------------------------------------------------------------------
08KV1052 116.95 118.50 1.55 1.98 2.00 0.01 107W/825-6W
--------------------------------------------------------------------------

(1) See press release of March 7th : Schedules A and B for relative
location (2) True Thicknesses are estimated to be 97% of intervals for
08KV1051 and 08KV1060; 88% of intervals for 08KV1058; 82% intervals for
08KV1052 and 08KV1055; 76% of intervals for 08KV1052; 70% of intervals for
08KV1057, 08KV1063 and 08KV1054; and 58% intervals for 08KV1065, (3) 107 is
Area 107,107W is Area 107 West and BSN is Black Skarn North


Holes 08KV10057, 08KV1060 and 08KV1065 intersect the Central Area of the North Black Skarn. Hole 08KV1054 confirms substantial widths and gold grades that can be found within epithermal jasperoid breccia found within Area 107. Holes 08KV1055, 08KV1058 and 08KV1063 contain high grade Au and Cu values, especially 08KV1058; a result of the epithermal mineralization attached to Area 107 structures being superimposed on the Black Skarn mineralization.

Dr. Vern Rampton, P. Eng, Kinbauri's President and Chief Executive Officer commented "In-fill drilling results continue to show high grades and lengthy intersections that have given us the confidence to initiate engineering and mining studies leading to feasibility: mineralization in most infill holes being drilled was, and is, obvious to the eye."

The drill program is being supervised by Mr. Santiago Gonzalez-Nistral, Kinbauri Espana's senior geologist, with quality control being provided by Dr. C. F. Gleeson, P. Eng., Kinbauri's Vice-President of Exploration: both are qualified persons as defined by N.I. 43-101. Details of Kinbauri's Assay and Quality Assurance Programs are reported in press release of February 27th, 2008. This press release was prepared by Dr. C. F. Gleeson, P. Eng and Dr. V. N. Rampton, P. Eng in their capacity as qualified persons. Dr. Rampton will record a "Beyond The Press Release" on the Company's official Investor Relations Site at http://www.agoracom.com/IR/kinbauri, where these results will be discussed in detail. The recording is expected to be available on or after March 19th, 2008.

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 2010. It currently has 44,416,320 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.

Contact Information