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PRESS RELEASE

Kinbauri Gold Corp.                                                                         

110 Westhunt Drive                                                                     

P.O. Box 158

Carp, Ontario K0A 1L0 CANADA                                 

 

Stock Symbol: TSXV.KNB: 3KG.DE    

Website: www.kinbauri-gold.com

 

FOR IMMEDIATE RELEASE     2008-25

 

KINBAURI ENGAGES SCOTT WILSON ROSCOE POSTLE ASSOCIATES FOR SCOPING STUDY AT EL VALLE/CARLES

 

OTTAWA, ONTARIO, June 27th, 2008:  Kinbauri Gold Corp. ("Kinbauri") (Toronto: TSXV.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 Carl?s 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 Carl?s were estimated on January17, 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 Carl?s (present rated capacity of 2,000 tonnes per day).

 

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 Carl?s.  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 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 2010.  It currently has 49,567,013 common shares issued and outstanding. 

 

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.

 

FOR FURTHER INFORMATION CONTACT:

 

North America

Darrell Munro, BB.A, LL.B, Manager Corporate Communications

E-mail: dmunro@kinbauri-gold.com

Tel.: (613) 836-0198

Dr. Vern Rampton, P. Eng., President   vrampton@kinbauri-gold.com

E-mail:  kinbauri@kinbauri-gold.com

Tel: (613) 836-2594

Dr. Chris Gleeson, P. Eng., Vice-President Exploration cgleeson@kinbauri-gold.com

Tel.: (613)652-4594

 

Europe

Ruediger (Rudy) Hnyk, CEO

INVESTEL

Investor Relations &

Telecommunications

E-Mail: ceo@investel.de

 

OR 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

 



[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.

 

 
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In the News and Medias of Kinbauri Gold Corporation
7/14/2009OrvanaeExtends its offer to acquire Kinbauri Gold Corp. to J...
Financings of Kinbauri Gold Corporation
6/11/2009$1,000,000 Non-Brokered Private Placement
5/21/2009Proposed closing of private placement
5/14/2009Private placement
3/26/2009CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT
2/20/2009Private Placement
9/30/2008EXTENDS WARRANTS
Nominations of Kinbauri Gold Corporation
8/31/2009New Directors Appointment To Kinbauri's Board
12/15/2008Appoints Financial Advisor to Assist in Strategic Planning
Project news of Kinbauri Gold Corporation
5/29/2009(El Valle (carles))Receives validation of revised mine plan from independent co...
3/13/2009(El Valle (carles))FILES REVISED SCOPING STUDY...
3/5/2009FINAL SCOPING STUDY REPORT
2/12/2009(El Valle (carles))SCOPING STUDY REVISION BOOSTS ECONOMICS FOR EL VALLE/CARLES ...
2/9/2009(El Valle (carles)) SCOPING STUDY DETERMINES ROBUST ECONOMICS FOR EL VALLE/CARL...
1/22/2009(El Valle (carles))EL VALLE RESOURCES INCREASED BY ADDITIONAL 153,519 OZ. GOLD
7/29/2008CUTS HIGH GRADE GOLD AT EL VALLE
6/27/2008(El Valle (carles))ENGAGES SCOTT WILSON ROSCOE POSTLE ASSOCIATES FOR SCOPING ST...
6/20/2008(El Valle (carles))Drilling Extends High Grade Skarn at Kinbauri's El Valle Pro...
4/4/2008Drill holes
3/13/2008(El Valle (carles))ENGINEERING AND MINE PLANNING UNDERWAY AT KINBAURI’S EL VALL...
3/10/2008(El Valle (carles))Anglo Pacific Group to Provide $7.5M to Kinbauri in Exchange...
2/27/2008 Drill holes
2/5/2008(El Valle (carles))N. I. 43-101 Technical Report on Kinbauri?s El Valle, Spain
1/29/2008(El Valle (carles))Intersects 22.4g Au/t and 0.6% Cu Over 7.4m at El Valle, NW ...
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6/26/2009Provides Update on Review of Strategic Alternatives
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6/4/2009Update on Glen Eagle transaction
5/26/2009Advised To Take No Action At This Time Regarding Orvana’s Un...
5/22/2009Update on legal actions
5/21/2009Legal Actions Against the Company
5/13/2009Provides clarification on glen eagle investment
5/13/2009Sign definitive agreement with Glen Eagle
5/11/2009Proposed hostile takeover
4/17/2009Secure $32M funding for El Valle/Carles
2/17/2009Grants Incentive Options
12/16/2008OPTIONS FIEDMONT Pt/Pd PROPERTY TO PACIFIC NORTH WEST CAPIT...
10/22/2008FUNDS RELEASED FROM ESCROW
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5/29/2008STANDARD & POORS MARKET ACCESS PROGRAM LISTS KINBAURI
5/14/2008CLOSES ROYALTY AGREEMENT WITH ANGLO PACIFIC
4/23/2008ANNOUNCES $1 MILLION STRATEGIC INVESTMENT
4/2/2008ADOPTS SHAREHOLDER RIGHTS PLAN
3/11/2008NETHERY APPOINTED TO KINBAURI’S ADVISORY BOARD
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