KNB Kinbauri Gold Corp Com Npv

Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) announces
that Jaguar Financial Corporation has commenced an application in the Ontario
Superior Court of Justice against Kinbauri, its wholly-owned subsidiary,
Kinbauri Espana S.L. ("Espana"), the directors of Kinbauri, Glen Eagle Resources
Inc. ("Glen Eagle") (TSX VENTURE:GER) and Paradise Peaks Holdings, on the basis
that the business and affairs of Kinbauri have been conducted in a manner that
is oppressive, unfairly prejudicial to and unfairly disregards the interests of
the shareholders of Kinbauri.


In addition, Orvana Minerals Inc. (TSX:ORV) has applied to the Ontario
Securities Commission for orders under the Securities Act (Ontario): cease
trading Kinbauri's proposed sale of 45% of Espana to Glen Eagle; cease trading
Kinbauri's proposed private placement of up to 6 million units of Kinbauri; and
ordering Kinbauri to disclose publicly the text of its binding letter of intent
and agreements with Glen Eagle.


Kinbauri is currently reviewing the applications and will respond as soon as
possible.


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 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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