Kinbauri Gold Corp.

Kinbauri Gold Corp.

December 13, 2007 08:07 ET

Kinbauri Intersects 57g Au/t and 11.5% Cu Over 1.4 Metres More Positive Results From El Valle/Carles, Spain

OTTAWA, ONTARIO--(Marketwire - Dec. 13, 2007) - Kinbauri Gold Corp. (TSX VENTURE:KNB) ("Kinbauri") is pleased to announce the initial results from underground diamond drilling infill program at Area 107-El Valle and its ongoing exploratory diamond drill program at Area 208-El Valle and at Carles. Highlights include:

- In-Fill: 57.0 g Au/t and 11.5% Cu over 1.4 metre,
: 24.1 g Au/t over 2 metres
- Carles: 10.5 g Au/t and 1.1% Cu over 2.4 metres

Assay results have been received from six holes totalling 1,360m of in-fill drilling for Area 107, from two holes totalling 457m at Area 208 (El Valle) and from one hole totalling 144m at Carles. Results are summarized below:

In-fill: El Valle Area 107
HOLE(1) From (m) To (m) Interval(2)(m) Au (g/t) Ag (g/t) Cu(%)
07KV1031 215.4 219.00 3.60 6.24 2.00 .09
including 217.00 219.00 2.00 9.86 2.00 .02
07KV1031 229.00 250.75 21.75 3.58 2.00 .10
including 231.00 233.00 2.00 24.14 2.00 .05
07KV1031 286.60 288.30 1.70 17.30 2.00 .11
07KV1031 306.60 315.45 8.85 2.63 2.00 .10
including 313.8 315.45 1.65 9.16 2.00 .07
07KV1030 155.00 156.50 1.50 2.05 less .07
07KV1029 155.5 156.5 1.00 3.30 less .08
07KV1028 101.30 105.30 4.00 2.69 2.00 .12
07KV1028 172.00 173.40 1.40 57.00 185.00 11.47
07KV1027 No intercepts greater than 2g/t Au
07KV1026 82.5 83.5 1.00 17.49 110.00 2.16
07KV1026 343.7 345.20 1.50 2.39 less .31

(1) See Schedule A for relative location; (2) True thicknesses are
estimated to be 65% of the interval for 07KV1029, 73% and 75% of
intervals for 07KV1030 and 07KV1028 respectively and 98% to 99% of
intervals for 07KV1026 and 07KV1031.

The first three in-fill holes drilled in Area 107, 07KV1026, 07KV1031 and 07KV1022, all returned high gold values. Hole 07KV1022, which was previously reported in release of October 16th, 2007, showed 10.85g Au/t over 3.6m. Hole 07KV1028 is located in the central part of the west edge of Area 107 West, whereas 07KV1027 and 07KV1030 lie on the up-section extension of Area 107 West. An estimated 13,600m of in-fill drilling on Area 107 and Area 107 West is to be completed prior to August of 2008 to allow for the development of engineering plans to accelerate production from this zone.

Exploratory: Carles and El Valle Area 208
From To Interval(1) Au Ag
HOLE (m) (m) (m) (g/t) (g/t) Cu Zone
07KC1001 132. 135.95 3.50 7.87 14.43 .84 Carles
including 132.45 134.85 2.40 10.52 16.00 1.07
07KVAL234 88.20 90.20 2.00 2.74 less .04 A208
07KVAL235 109.70 111.45 1.75 2.42 4.00 .04 A208
07KVAL235 144.80 146.35 1.55 2.41 2.00 .01

(1) True thicknesses are estimated to be 65% of interval for 07KC1001, 80%
for 07KVAL234 and 25% for 07KC235.

07KC1001 lies 100m down-dip from closest previously reported drill hole on Carles North, C120, which intercepted 3.75m of 4.6g Au/t and 0.14% Cu. A total of 1,150m of exploratory drilling is to be completed in early 2008 at Carles North and Carles East. 07KVAL235 and 07KVAL236 are the first of two exploratory holes along the eastward extension of Area 208; a total of 1,750m (6 holes) is planned. Both holes intersected thick sections of jasperoid breccia and silicified dolomites, which generally host gold. Area 208 is open at depth and to the west where exploratory drilling will now be concentrated.

The drill programs are 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 Quality Assurance Program are reported in press release of July 19(th), 2007. This press release was prepared by Dr. V. N. Rampton, P. Eng in his capacity as a qualified person. Dr. Rampton will record a "Beyond The Press Release" on the Company's official Investor Relations Site at, where these developments will be discussed in detail. The recording is expected to be available on or after December 14th, 2007.

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 with a view to re-starting operations at the mine and mill complex there. It currently has 43,372,320 common shares issued and outstanding; 67,056,236, fully diluted.

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.

Kinbauri Gold's Hub at where investors can post questions and receive answers or review questions and answers already posted by other investors.

Schedule A is available at the following address:


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