Kinbauri Gold Corp.

Kinbauri Gold Corp.

March 11, 2008 13:25 ET

Nethery Appointed to Kinbauri's Advisory Board

Adigue Appointed Senior Mining Engineer

OTTAWA, ONTARIO--(Marketwire - March 11, 2008) - Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) is pleased to announce the appointment of Mr. Bryan Nethery, P. Eng., M.B.A. ("Nethery") to Kinbauri's Advisory Committee. Nethery will be actively assisting Kinbauri with advice and direction regarding its mine and mill development and maintenance plans together with financial planning as it moves through feasibility and pre-production development at El Valle during 2008 and 2009.

Mr. Nethery received his B.A.Sc. in Metallurgical Engineering from the University of British Columbia in 1971; completed studies for M.A.Sc. in Metallurgical Engineering at University of British Columbia in 1972; and received a M.B.A. from the same university in 1981. He is a Professional Engineer (BC) and Member of the Canadian Institute of Mining and Metallurgy. Nethery has over 30 years of domestic and international senior management and metallurgical engineering experience. He has extensive experience in all aspects of mining project development, namely scoping studies, pre-feasibility studies, "bankable" feasibility studies, metallurgical studies, valuations and due diligence studies, all leading to on time and within budget design and construction of major projects. His involvement included project controls, estimating, contract administration, financial analysis, project finance, risk analysis, and construction management. Technically, it included base metal flotation, precious metals, hydrometallurgy, SX-EW, pressure oxidation and smelting. Since 2005, Nethery has been an independent consultant involved in project and metallurgical consulting for various clients. As project manager, he moved the Pogo Gold project through scoping, pre-feasibility studies, permitting, numerous feasibility study updates, and ultimately design and construction. From 1994-2005 he was employed by AMEC as Vice-President, Design Build and his activities included business development, negotiations on project development and financing and project management. Previously he was a senior manager with Fluor Daniel Wright and project manager on a number of EPCM projects including the Louvicourt Project in Quebec and the Porco Mine in Bolivia, as well as major feasibility studies.

Mr. Nethery has worked in Spain on two major projects: the expansion of the copper and gold plants for Rio Tinto Minera S.A.; in addition he led the feasibility study on the Huelva Cooper Smelter Expansion for Atlantic Copper at Huelva Spain. He is fluent in Spanish.

Kinbauri is also pleased to announce the appointment of Mr. Ricky Antonio Adigue as Senior Mining Engineer at El Valle. Mr. Adigue has a Mining Engineering Degree from the Mapua Institute of Technology in the Philippines and is adept in GEMCOM and SURPAC Mining software. He has over ten years experience in mine planning, design and optimization with a background in geologic, ore block and mine modeling. He was also previously involved in budgeting of operations and reconciliation of production schedules in numerous projects in Vietnam and the Philippines.

Mr Nethery will receive a total of 400,000 options, exercisable into shares at a price of $0.77 per share. The options will vest in two tranches, one tranche of 200,000 at the date of this press release and one tranche of 200,000 on June 30th, 2008; all options to expire in three years on March 10th, 2011 if not exercised. Mr. Adigue and Mr. Jean Bailly, Senior Vice-President and COO of Kinbauri Espana S. L. will also receive 50,000 options and 100,000 options respectively, priced as above and with an identical expiry date.

Dr. Vern Rampton, Ph. Eng., President and CEO of Kinbauri stated, "Mr. Bailly has advanced the El Valle/Carles project well beyond expectations since it was purchased in March 2007. In his role as COO and manager of exploration and mining development at El Valle he has engaged, and is engaging, key personnel and consultants to move the project forward to feasibility by November of this year. Bryan Nethery's vast experience can only help in expediting this process and obtaining financing to bring the project to production under the most favourable terms."

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 early 2010. It currently has 43,538,320 common shares issued and outstanding.


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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