Communicators

are winners!

News

21.05.2008
Kinbauri drills 26.7m grading 19.6g Au/t, 69.9g Ag/t and 2.57% Cu, including 1.3m grading 162.3g Au/t, 516.0g Ag/t and 13.42% Cu / High Grade extension of Black Skarn North zone indicated

Kinbauri drills 26.7m grading 19.6g Au/t, 69.9g Ag/t and 2.57% Cu, including 1.3m grading 162.3g Au/t, 516.0g Ag/t and 13.42% Cu / High Grade extension of Black Skarn North zone indicated

OTTAWA, ONTARIO, May 20, 2008: Kinbauri Gold Corp. (“Kinbauri”) (Toronto: TSXV.KNB; Frankfurt: 3KG.DE) is pleased to announce more results from its on-going 23,000m underground in-fill drilling program at El Valle and its 500m underground exploration drilling program at Carlés in northwestern Spain.

Highlights of assay results from Black Skarn North (“BSN”) and Area 107 (“107”) include:

• 26.7m grading 19.59g Au/t, 69.9g Ag/t and 2.57% Cu in DDH08KV1105, including 2.5m grading 105.06g Au/t, 324.0g Ag/t and 7.89% Cu.
• 27.4m grading 3.73g Au/t, 39.2g Ag/t and 1.49% Cu also in DDH08KV1105, including 7.8m grading 9.42g Au/t, 56.8g Ag/t and 2.25% Cu.
• 27.6m grading 2.80g Au/t, 14.5g Ag/t and 0.89% Cu in DDH08KV1099, including 3.3m grading 5.77g Au/t, 11.0g Ag/t and 0.29% Cu.

And from Carlés North include:

• 16.6m grading 3.10g Au/t, 11.3g Ag/t and 0.42% Cu in DDH08KC1008, including 1.3m grading 11.99g Au/t, 55.0g Ag/t and 2.8% Cu.
• 3.0m grading 7.15g Au/t and 0.03% Cu and 10.3m grading 2.76g Au/t, 4.5g Ag/t and 0.62% Cu in DDH08KC1007, including 0.7m grading 5.63g Au/t, 15.0g Ag/t and 1.06% Cu.

El Valle: Black Skarn North/Area 107:

The most recent results show higher grades and greater continuity within BSN than previously expected. Assays from the latest five diamond drill holes are summarized as follows:

Please find the results under the following link: http://www.irw-press.com/dokumente/Table1Kinbauri_ENGL.pdf

DDH08KV1105, lying on Section 11.5, is one of the most significant holes drilled to date at El Valle, not only because of the large thickness of high grade gold and copper mineralization, but also because of implications for increasing the extent of this “high grade skarn”. Numerous in-fill holes being completed in the area east of Section 11 show similar thicknesses and mineralization (assays pending) to those found in DDH08KV1105. Taken together they indicate a horizontal mineralized body in the order of 20m thick and 100m wide in the vicinity of Section 11 and 12 that is open to the east and south; this raises the possibility that the East Area of Black Skarn North could extend to the Monica Zone and beyond. The “high grade skarn” is a result of skarn mineralization being overprinted by multiple epithermal structures.

Dr. V. N. Rampton, President of Kinbauri, commented: “With the most recent results of the in-fill drilling, we are seeing potential for a significant increase in gold and copper resources above those previously estimated. If the high grade phase of Black Skarn North continues to the east and south, this will add even more ounces to those previously anticipated”.

Carlés: Carlés North:

Exploration drilling at the Carlés mine to delineate the extent of the Carlés North zone (see Schedule C) has been completed. Results for holes 07KC1001 through KC1005 were previously reported in press releases of December 13th, 2007 and January 29th, 2008. Results from the final four holes are reported below:

Please find the results under the following link: http://www.irw-press.com/dokumente/Table2Kinbauri_ENGL.pdf

DDHs 07KC1003, 07KC1004, 07KC1005, 07KC1007 and07KC1008 (see Schedule) all show the continuity of the Carlés North skarn Cu-Au mineralization at depth. Kinbauri is presently determining the costs of a short decline of 250m in order to access Carlés North at a further 300m down-dip in order to assess the full potential of the Carlés North zone.

The underground drill program at El Valle and Carlés is being supervised by Mr. Santiago Gonzalez-Nistal, Kinbauri España’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 a press release of February 27th, 2008. This press release was prepared by Drs V. N. Rampton, P. Eng and C. F. Gleeson, P. Eng. in their capacity as qualified persons. Dr. Rampton’s web-casts concerning assay results obtained from El Valle and Carlés and Kinbauri’s mine development plans are available on Kinbauri’s official Investor Relations Site at http://www.agoracom.com/IR/kinbauri.

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 47,325,189 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.

FOR FURTHER INFORMATION CONTACT:

North America
Darrell Munro, BB.A, LL.B, Manager Corporate Communications
E-mail: dmunro@kinbauri-gold.com
Tel.: (613) 836-0198
Dr. Vern Rampton, P. Eng., President vrampton@kinbauri-gold.com
E-mail: kinbauri@kinbauri-gold.com
Tel: (613) 836-2594
Dr. Chris Gleeson, P. Eng., Vice-President Exploration cgleeson@kinbauri-gold.com
Tel.: (613)652-4594

Europe
Ruediger (Rudy) Hnyk, CEO
INVESTEL
Investor Relations &
Telecommunications
E-Mail: ceo@investel.de

OR VISIT:
Kinbauri Gold’s Hub at http://www.agoracom.com/IR/kinbauri where investors can post questions and receive answers or review questions and answers already posted by other investors.
Kinbauri Web-Site: www.kinbauri-gold.com