KNB Kinbauri Gold Corp Com Npv

Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB)(FRANKFURT:3KG.DE) has been
advised that Orvana Minerals Corp. ("Orvana") has raised its all-cash offer for
Kinbauri to C$0.75 per share from C$0.55 (the "Orvana Offer") and that investors
holding 23.6 percent of Kinbauri's outstanding shares have signed lockup
agreements in support of the Orvana Offer. The Orvana Offer will expire at 11:59
pm (Vancouver time) on July 31, 2009, unless withdrawn or extended.


On July 12, 2009, Kinbauri announced that it had signed a binding letter
agreement with ATW Gold Corp. (TSX VENTURE:ATW) ("ATW") to combine the two
companies at the agreed exchange ratio of 1.35 ATW shares per Kinbauri share,
which implies a purchase price of C$0.85 per Kinbauri share using closing share
prices on July 10, 2009.


Kinbauri's Board of Directors recommends that shareholders do not take any
action (including the tendering of shares) with respect to the Orvana Offer,
until the Special Committee of the Board of Directors has completed its review
and the Board of Directors has had an opportunity to fully evaluate the Orvana
Offer and communicate its views to shareholders.


For assistance in withdrawing any shares already tendered, or other questions,
please contact Laurel Hill Advisory Group, the Information Agent retained by
Kinbauri in connection with the Orvana Offer, toll free at 1-888-812-9184 from
anywhere in Canada or the United States and collect at 416-637-4661 from outside
North America.


About Kinbauri

Kinbauri (TSX VENTURE:KNB) is a 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 59,348,051 common shares
issued and outstanding. For more information visit www.kinbaurimaximized.com or
www.kinbauri-gold.com.


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.

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