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

Kinbauri Gold Corp.

August 07, 2009 11:12 ET

Kinbauri Provides Update on Strategic Alternatives

OTTAWA, ONTARIO--(Marketwire - Aug. 7, 2009) - The board of directors of Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) advises that it is continuing to conduct a value maximization process that is designed to facilitate the proposal of superior alternatives from qualified third parties to the unsolicited offer (the "Offer") made by Orvana Minerals Corporation ("Orvana") and has recently entered into preliminary discussions with third parties as part of this process.

On August 3rd Orvana announced that it has extended its all-cash offer until August 17th.

As Kinbauri continues to conduct its value maximization process, Kinbauri's board remains unable to make a recommendation to shareholders at this time with respect to the Offer. The directors and officers of Kinbauri advise that they have not tendered their shares to the Offer.

For 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.

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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