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Monday, June 01, 2009
Banro Provides Update on Share Trading Activity



Toronto, Canada -- June 1, 2009 - At the request of Market Surveillance on behalf of the Toronto Stock Exchange, Banro Corporation ("Banro" or the "Company") (TSX - "BAA"; NYSE AMEX - "BAA") is providing an update to investors on the recent trading activity in the Company's shares. There have been no material changes to report to explain the recent volatility in the Company's share price.

The Company is currently optimizing the results of its Feasibility Study of its wholly-owned Twangiza gold project using the results of further metallurgical testwork and updating materials and energy costs and other input parameters pertinent to the Feasibility Study. The Company is reviewing options for the financing of the development of the Twangiza project.

Banro is a Canadian-based gold exploration company focused on the development of four major, wholly-owned gold projects, each with mining licenses, along the 210 kilometre-long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. Led by a proven management team with extensive gold and African experience, Banro's strategy is to unlock shareholder value by increasing and developing its significant gold assets in a socially and environmentally responsible manner.

-------------------------------------------------

For further information, please visit our website at www.banro.com, or contact: Mike Prinsloo, President and C.E.O., South Africa, Tel: +27 (0) 11 958 2885; Arnold T. Kondrat, Executive Vice-President, Toronto, Ontario, or Martin Jones, Vice-President, Corporate Development, Toronto, Ontario, Tel: (416) 366-2221 or 1-800-714-7938.

You can also view this News Release on our website at:
http://www.banro.com/s/NewsReleases.asp?ReportID=350771
 

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In the News and Medias of Banro Corporation
4/3/2013Banro leading miners in worst drop since 1990
7/30/2012Banro restarts Twangiza gold ball mill
6/22/2012Banro defers commercial production to Q3
4/10/2012Van Rooyen takes up chair's seat at Banro
3/8/2012Banro to set up second central Africa gold mine in a year
3/8/2012Banro gears up for second central Africa gold mine
12/23/2011Banro expects 39% jump in DRC project resources
10/7/2011Banro readies to pour first gold at DRC's Twangiza
4/22/2011Why Banro is looking for a Chinese dance partner in the DRC
9/13/2010Banro's gold mine development not halted by DRC mining ban
8/24/2010Banro 'in no rush' for new CEO after Prinsloo exit
7/29/2010Banro's Twangiza gold mine plant starts to arrive on site
7/27/2010Banro's Twangiza gold mine plant starts to arrive on site
6/16/2010Banro gold plant on its way
5/20/2010Tops TSX short position list
3/9/2010DRC could rank with Ghana,Tanzania in 10 years – Banro chair
11/2/2009Banro expects to secure finance for DRC gold mine by June '1...
9/24/2009Banro hires Standard Chartered to advise on debt for DRC gol...
8/13/2009Banro snaps up refurbished plant to speed DRC gold mine
6/26/2009Banro to start construction on DRC gold mine following succe...
6/17/2009Banro will raise C$100m in share sale
6/17/2009Banro to raise C$100m in share placement
6/17/2009Banro plans offering of common shares
11/18/2007– punching well above its weight for a gold explorer
Annual reports of Banro Corporation
2008 Annual report
Annual Report 2007
Financings of Banro Corporation
3/29/2011Receives Receipt for Final Short Form Prospectus
2/24/2011Announces Closing of C$56,875,000 Financing
2/4/2011Announces C$56,875,000 Private Placement
Nominations of Banro Corporation
11/30/2009Appoints Michael Beckett to Board of Directors
9/10/2007Announces Senior Appointments For Its Operations In D.R.Cong...
8/21/2007Appoints Mike Prinsloo Chief Executive Officer
Project news of Banro Corporation
3/14/2011(Twangiza)Phase 1 Mining Of The Oxide Cap At Twangiza Indicates Annual...
1/25/2011Banro to start feasibility study on next DRC mine
1/24/2011(Namoya)Preliminary Assessment of its Namoya Heap Leach Gold Project...
12/6/2010(Twangiza)Foundation and the Luhwindja Community Celebrate Handover of...
11/10/2010(Twangiza)s Mine Construction Progress at its Wholly-Owned Twangiza Go...
10/5/2010(Twangiza)And Congolese And Community Leaders Celebrate Construction O...
6/24/2010(Namoya)Identifies New Gold Mineralization Zones At Its Namoya Proje...
5/12/2010(Twangiza)Banro raising C$125m for gold project
11/2/2009(Twangiza)Provides Update on Construction Preparation and Exploration ...
8/17/2009(Twangiza)Acquires Refurbished Process Plant To Fast Track Gold Produc...
7/20/2009(Twangiza)Files NI 43-101 Technical Report on Twangiza Updated Feasibi...
6/8/2009(Twangiza)Update of Twangiza Feasibility Study Increases Proven and Pr...
5/4/2009(Twangiza)Reports Highly Promising Results From Initial Exploration Of...
3/11/2009(Namoya)Announces Updated Independent Mineral Resource For The Namoy...
3/2/2009(Twangiza)Files NI 43-101 Technical Report On Twangiza Feasibility Stu...
1/26/2009(Twangiza)Feasibility Study Of Twangiza Gold Project Indicates Gold Pr...
1/14/2009(Twangiza)Increases Measured And Indicated Mineral Resources At Twangi...
11/17/2008(Lugushwa)Intercepts Broad Zones of Gold Mineralization at its Lugushw...
8/19/2008(Namoya)intersects 29.00 metres grading 5.59 g/t Au, 7.70 metres gra...
8/18/2008(Twangiza)Files NI 43-101 Technical Report on Twangiza Pre-feasibility...
7/16/2008Moves Ahead With Bankable Feasibility Study Of Twangiza And ...
7/8/2008Banro moves nearer to gold production with Twangiza pre-feas...
7/7/2008(Twangiza)Pre-Feasibility Study of its Twangiza Gold Project Indicates...
6/6/2008(Twangiza)Outlines Major New Mineralized Gold Structure At Mufwa Withi...
5/29/2008(Twangiza)Intersects 16.60 metres grading 8.03 g/t Au and 47 metres gr...
4/29/2008(Namoya)Intersects 18.62 metres Grading 20.15 g/t Au and 7.25 metres...
8/23/2007(Lugushwa)Intersects Wide Zones of Gold Mineralization at its Lugushwa...
6/8/2007(Namoya)Increases Indicated Mineral Resource At Namoya By 36% To 938...
5/8/2007(Twangiza)Continues to Interesect Wide Zones of Gold Mineralisation at...
2/20/2007(Namoya) Announces Further Drilling Results from its Namoya Project
Corporate news of Banro Corporation
8/23/2010Restructures its Executive Management Group and Completes Th...
7/26/2010The Arrival Of Its Refurbished Gold Plant At Twangiza And P...
5/20/2010Closes Cdn$137,555,000 Financing
5/12/2010Announces Terms of Cdn.$ 125,050,000 Financing
5/11/2010Announces Financing
2/1/2010Reports Initial Exploration Results at the Newly-Discovered ...
10/14/2009Foundation and the Saramabila Community Celebrate Handover o...
8/11/2009Welcomes The DRC Government's Final Ratification Of The Fisc...
6/26/2009Closes CDN$100,001,700 Financing
6/17/2009Announces Terms of CDN $100,001,700 Financing
6/1/2009Provides Update on Share Trading Activity
5/11/2009Foundation and the Luhwindja Community Celebrate Handover of...
2/25/2009Mining Convention And Titles Confirmed By DRC Government
11/7/2008Provides Corporate Update
9/23/2008Announces Exercise of Over-Allotment Option
9/17/2008Announces Closing Of Financing
9/11/2008Announces Pricing For Financing
9/2/2008Files Preliminary Short-Form Prospectus For Proposed Financi...
8/1/2008intercepts 192 metres grading 2.02 g/t Au,...at its Twangiza...
7/28/2008Provides Update On Share Trading Activity
3/4/2008Issues Corporate Update
2/19/2008Comments on Correspondence Received from the DRC Minister of...
2/6/2008 and CARE International to partner for sustainable community...
12/24/2007Peter Cowley to Retire as President
9/20/2007Continues to Interesect Significant Near Surface Gold Minera...
7/3/2007Preliminary Economic Assessment of Namoya Gold Project Indic...
3/21/2007Responds To Statements Regarding Status Of Properties Applie...
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