Kinbauri Shareholders Are Advised to Take No Action at This Time Regarding Orvana's Revised Offer

7/21/2009, 10:14 PM (Source: GlobeNewswire)
OTTAWA, ONTARIO--(Marketwire - July 21, 2009) - 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2009, unless withdrawn or extended.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.


Contacts:
Kinbauri Gold Corp.
Mr. Brian McEwen
Director, Special Committee member
613-836-2594
613-831-2730 (FAX)
bmcewen@kinbauri-gold.com

Kinbauri Gold Corp.
Darrell Munro, BB.A, LL.B,
Manager
613-836-0198
dmunro@kinbauri-gold.com

Europe
INVESTEL
Ruediger (Rudy) Hnyk, CEO
Investor Relations & Telecommunications
ceo@investel.de


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