KNB Kinbauri Gold Corp Com Npv

Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) is pleased
to announce the engagement of Scott Wilson Roscoe Postle Associates ("SWRPA")
under the direction of Mr. James W. Hendry, P. Eng., to complete a N.I. 43-101
compliant economic assessment ("Scoping Study"), for the El Valle and Carles
mines in northwestern Spain. The Scoping Study will commence immediately with
delivery of a final report in September 2008. In addition to SWRPA, contributors
to the Scoping Study will include McIntosh Engineering (mine design and costing)
of North Bay Canada, Golder and Associates of Toronto, Ontario (rock mechanics
and mine hydrology), Ore Reserves Engineering (modelling and resource
calculations and classifications) of Lakewood, Colorado. It is expected, subject
to favourable results from the Scoping Study, that a Feasibility Study will then
be completed, with delivery of the feasibility study targeted for Q1 of 2009.


The Scoping Study will focus, but not be limited, to the Black Skarn North and
Area 107 zones at El Valle where 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 were estimated for those zones
on January 17, 2008 by Ore Reserves Engineering in a N.I. 43-101 compliant
report filed on Sedar. 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 of copper inferred for Area 107 and BSN. A 23,000 metre in-fill program
focused solely on Black Skarn North and Area 107 is near completion and is
expected to up-grade and add to the resource within Black Skarn North and Area
107.


Total resources for El Valle and Carles were estimated on January 17, 2008 by
Ore Reserves Engineering at 4,200,000 tonnes of indicated resource with an
average grade of 5.4g Au/t and 4,100,000 tonnes of indicated resource with
average grade of 1.0% Cu(1) and 4,459,000 tonnes of inferred resource at an
average grade of 6.7g Au/t and approximately 0.56% Cu(2). This equates to an
estimated 725,200 ounces of gold and 87,100,000 pounds copper indicated plus
964,000 ounces of gold and 50,000,000 pounds of copper inferred. It is estimated
that the mill at El Valle, which was put on care and maintenance in December,
2006, will be utilized, with up-grades, to process ore to be mined at El Valle
and Carles (present rated capacity of 2,000 tonnes per day).


(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.


Kinbauri Espana's senior geologist, Santiago Gonzalez-Nistal and Dr. C. F.
Gleeson, P. Eng. Kinbauri's Vice-President of Exploration, both qualified
persons as defined by N.I. 43-101, have been responsible for Kinbauri's
exploration and in-fill drill programs and quality control at El Valle and
Carles. This press release has been prepared by Dr. V. N. Rampton, P. Eng in his
capacity as a qualified person.


About Kinbauri

Kinbauri is a TSX VENTURE - 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 49,567,013 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.


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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