KNB Kinbauri Gold Corp Com Npv

Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) announces
that further to its press release dated May 14, 2009, it intends to close its
previously announced private placement transaction on May 22, 2009. Kinbauri
intends to issue up to 6,000,000 Units at a price of $0.50 per Unit for gross
proceeds of $3,000,000. Each Unit will consist of one common share and one-half
of a common share purchase warrant. Each whole warrant entitles the holder to
purchase one common share at a price of $0.70 for a period of 12 months from the
date of issuance. The securities will be subject to a four month hold period
from the date of the closing. Kinbauri will pay finder's fees to parties that
referred subscribers to the Company, consisting of 6% of the funds raised and
compensation warrants equal to 6% of the Units purchased. Each compensation
warrant entitles the holder to acquire one Unit at a price $0.50 per Unit for a
period of up to 12 months from the date of issuance. The proceeds of this
financing will be used for general working capital purposes.


About Kinbauri:

Kinbauri is a TSXV - Tier 1 Mineral Exploration Company focused on the
development of precious metal prospects in Spain, Nevada and Canada. Its
immediate focus is to begin operations at its El Valle/Carles property in
Asturias, northwestern Spain in 2010. It currently has 53,243,051 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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