KNB Kinbauri Gold Corp Com Npv

Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) is pleased
to report that it has filed a N.I. 43-101 compliant "Technical Report for the El
Valle, Carles, La Brueva and God�n Gold Deposits, Rio Narcea Gold Belt,
Asturias, Spain".  This report, dated January 17th, 2008 (the "technical
report") was authored by Alan C. Noble, P.E. of Ore Reserves Engineering,
Lakewood, Colorado.  It documents increased resources for two zones, Area 107
and Black Skarn North, that are accessible from the present workings and that
will form the initial source of feed for the El Valle mill.  These resources
were first reported in Kinbauri's press release of November 28th, 2007 and were
delineated, in part, from a 6,273m drill program completed during 2007 by
Kinbauri.


Increased Resources: Area 107 and Black Skarn North

The technical report states that "Resources for Area 107 have been increased
from inferred resources of 913,000 tonnes with an average grade of 11.7 g Au/t
to 518,000 tonnes of indicated resource with average grades of 9.2 g Au/t and
0.89% Cu, plus 1,214,000 tonnes of inferred resource with grades of 10.5 g Au/t
and 0.63% Cu.  Black Skarn North resources have been increased from inferred
resources of 445,000 tonnes with grades of 5.3 g Au/t and 0.8% Cu to 1,194,000
tonnes of indicated resource with grades of 3.74 g Au/t and 0.75% Cu plus
1,698000 tonnes of inferred resources with grades of 3.92 g Au/t and 0.50% Cu.
Total resources for the Area 107 and Black Skarn North are currently (as of
December 2007) estimated at 1,713,000 tonnes of indicated resources with average
grades of 5.4 g/t Au and 0.79% Cu, plus 2,912,000 tonnes of inferred resources
with grades of 6.68 g/t Au and 0.55% Cu."  This equates to an estimated 297,000
ounces of gold and 29,700,000 pounds copper indicated plus 625,000 ounces of
gold and 35,500,000 pounds copper inferred for Area 107 and BSN.  The increase
in indicated resources vis-a-vis inferred resources between the technical report
and the November 28th, 2007 press release is a result of a final comprehensive
review of data and modelling completed during final preparation of the report.


Resources for Rio Narcea Gold Belt.

Delineated resources for the Rio Narcea Gold Belt as at November, 2007 were:

- Total Measured + Indicated:  725,200 oz Au and 87,100,000 lbs. Cu (4,159,000
tonnes resource at 5.4 g Au/t and approximately 0.97% Cu(1)).


- Total Inferred:  1,042,000 oz Au and 50,000,000 lbs. Cu (5,357,000t at 6.1g
Au/t and approximately 0.56% Cu(2)).


(1) 0.97% Cu for 4,054,000 tonnes resource, copper resource and grade is not
estimated for 105,000 tonnes resource.


(2) 0.56% Cu for 4,074,000 tonnes resource, copper resource and grade is not
estimated for 1,283,000 tonnes resource.


Total resources are slightly lower than originally reported in November, 2007 as
resources from the El Valle Fault zone, which are now amalgamated into Area 107,
were inadvertently included in the total resource calculation in November. 
However, a portion of the El Valle Fault zone remains that could be included in
a resource estimate, subject to additional modeling.


Recommended 2008 Program: 30,500m Drilling and 470m Drifting - Cost 9.8 Million
Dollars.


The technical report recommended the following:

1. Underground drilling to further delineate resources in Area 107 and the Black
Skarn North and to upgrade inferred resources to measured and indicated
resources; 23,000 meters drilling.


2. Exploration to extend Area 107 and Black Skarn North; 5,150 meters drilling.

3. Development work on access drifts to Area 107 and the Black Skarn North,
including a test drift into Area 107; 320 meters drifting.


4. Rehabilitation of the El Valle decline to safely facilitate drifting and
drilling.


5. Exploration of targets outside Area 107 and Black Skarn North by drilling: 
targets include the gold/molybdenum zone at La Ortosa-Godan and gold zones at
Area 208, East Breccia, and El Valle Fault; 2,400 meters drilling.


6. Underground exploration at Carles to extend the zones down dip.

7. Creation of new resource models for those areas at El Valle that are
currently being estimated by the extensions of open pit resource models, such as
the East Breccia, El Valle Fault, West El Valle Skarn, High Angle 1, and High
Angle 2 zones.


8. Feasibility studies to determine the best mining method for each zone and to
establish a portion of the resources as reserves; as part of the feasibility
studies, Kinbauri should review the Monica Zone resource with regards to
potential reserves in that area; data should continually be gathered to support
these studies and conceptual mine design should be ongoing process.


Kinbauri is presently pursuing items 1 (in-fill drilling to upgrade resources; 4
drills are presently working underground; an additional 2 drills stated to begin
work in the next 2 months to complete this by July, 2008), 3 (drifting and test
mining); 4 (decline rehabilitation); 7 (resource modeling); and 8 (feasibility
study).  Kinbauri is targeting the addition of one million ounces of gold in
inferred resources with completion of item 2 (underground exploration of Area
107 and Black Skarn North); 3 (access drifts for exploration drilling) and 5
(surface exploration drilling) during the last half of 2008.


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 19th, 2007.    This
press release was prepared by Dr. V. N. Rampton, P. Eng in his capacity as a
qualified person.  Dr. Rampton recorded a "Beyond The Press Release" on February
1st, 2008 on the Company's Investor Relations Site at
http://www.agoracom.com/ir/kinbauri, where these developments were discussed.


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 43,372,320 common shares issued and outstanding;
67,056,236, fully diluted.



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.


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

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