Kinbauri Gold Corp. (TSX VENTURE:KNB) ("Kinbauri") is pleased to announce the
second set of assay results from its on-going 7,000 m drill program at the El
Valle project in northwestern Spain. Kinbauri is on track to meet its objective
of defining sufficient resources to support six years of production, given
reasonable conversion to reserves. Area 107 and Black Skarn North are being
targeted for their continuity of gold and copper mineralization and proximity to
the existing mining and milling infrastructure. Results from the second five
holes are summarized in the table below.




 HOLE(1)      From       To   Interval(2)     Au       Ag     Cu    Zone(3)
                (m)      (m)        (m)     (g/t)    (g/t)    (%) Section
-------------------------------------------------------------------------
07KV1016    174.85   220.90      46.05      2.39     20.0   0.89    NBS &
                                                                     A107
including   196.55   204.65       8.10      5.68     56.5   2.24        1
including   208.60   213.70       5.10      6.38     17.4   1.24
-------------------------------------------------------------------------
07KV1014    106.25   110.30       4.05      7.97      2.3   0.18    A107W
Including   106.25   108.30       2.05      9.40     13.0   0.32        2
07KV1014    117.35   119.15       1.80      2.07      4.0   0.19
-------------------------------------------------------------------------
07KV1012    147.50   149.00       1.50      0.46     29.0   0.76   A107 W
                                                                      / 2
-------------------------------------------------------------------------
07KV1013    No Significant Results                                A107/12
-------------------------------------------------------------------------
07KV1011     64.80    67.25       2.45      7.10     47.1   1.29      NBS
                                                                   Upper
07KV1011    242.40   243.80       1.40      1.49      8.0   0.54      NBS
                                                                   Lower
07KV1011    253.85   257.25       3.40      1.36      4.2   0.32       12
07KV1011    261.30   264.65       3.35      4.50      8.0   0.21
-------------------------------------------------------------------------
07KV1009R    68.80    71.50       2.70      4.89      6.1   0.32    NBS &
                                                                     A107
07KV1009R    84.90    96.40      11.50      2.39      5.2   0.72       11
Including    84.90    91.50       6.60      2.96      6.7   0.92
07KV1009R   105.65   139.50      33.85      8.04     35.9   2.07
including 1 109.30   110.95       1.65     47.00    110.0   0.77
including 2 130.50   139.50       9.00      9.44     48.6   5.06
07KV1009R   178.20   183.50       5.30      2.69     11.2   1.08
including   178.20   180.40       2.20      5.52     20.3   1.91
-------------------------------------------------------------------------
(1) See Schedule A for relative location: (2) True thicknesses are
    estimated to be 80% and 95% of interval for 1007KV1016 through
    1007KV1014 and approximately 50% of interval for 1007KV1009R and
    1007KV1016: (3) A107 - Area 107; NBS - Black Skarn North.

Schedule A: http://www.ccnmatthews.com/docs/Schedule_A.pdf 



Assays received to date from 07KV1009, 07KV1009R and 07KV1016 suggest that
epithermal mineralization composing Area 107 has been superimposed on the Black
Skarn, resulting in gold and copper enrichment of the skarn. Similarly, VAL
1038, which is on the same section as 07KV1014 (see Schedule A), includes a high
grade interval of 17.4g Au/t and 2.46% Cu over 9.7m within skarn grading 8.09g
Au/t and 1.67% Cu over 36.1m. Mineralized zones within 07KV1009R have separation
of 25m from those in 07KV1009, confirming continuity of gold grades related to
skarn and epithermal mineralization. Multiple enriched zones within the skarn
may be due to splaying of Area 107 or to separate epithermally enriched
structures.


These results also indicate that Area 107 mineralization extends westward beyond
the previous known extent of Area 107. West of 07KV1016, Area 107 is expected to
be off-set by a structure hosting the Charnela Zone (Indicated Resources of
45,000 ounces Au (82,000t at 17.0g Au/t) and Inferred Resources of 46,000 ounces
Au (105,000t at 13.8g Au/t)); three holes previously drilled by Rio Narcea Gold
Mines, S.L. ("RNGM") west of this structure are projected to be an extension of
Area 107:




DDH             Interval                       Assays            Location
-------------------------------------------------------------------------
- VAL 1033          14.3m     11.0g Au/t and 0.90% Cu            30m west
                                                        Section1/Area 107
- VAL 1032           5.0m     10.0g Au/t and 0.05% Cu    90m west Section
                                                               1/Area 107
- VAL 2049           7.9m     13.4g Au/t and 3.40% Cu   160m west Section
                                                               1/Area 107



Development in the next quarter will provide an appropriate drilling platform
for further definition of (i) mineralization in the sector containing the
westward projection of Area 107 (open to the west and at depth) and (ii) the
true extent of the Black Skarn.


Kinbauri has become aware that significant molybdenum values are present within
selected lithologic units at El Valle and Carles; this is in addition to the
known Mo mineralization at its Godan property where 0.15% Mo over 5.4m,
including 0.45% over  28m, was reported (reference NI 43-101 Technical Report of
March 21st, 2007; www.sedar.com). A complete review of RNGM's data base is in
progress and critical exposed lithologic units are being sampled to determine
the extent and significance of the molybdenum mineralization.


The underground drill program is on-going and should be completed in September,
2007. It is being supervised by Mr. Santiago Gonzalez, Kinbauri Espana's senior
geologist with quality control being provided by Dr. C. F. Gleeson, P. Eng.,
Kinbauri's Vice-President of Exploration: both are qualified persons as defined
by N.I. 43-101. Details of Kinbauri's Quality Assurance Program are reported in
press release of July 19th, 2007. RNGM's Quality Assurance Program for its drill
holes are reported in their press release of January 20th, 2006.


This press release was prepared by Dr. V. N. Rampton, P. Eng in his capacity as
a qualified person. Dr. Rampton will record a "Beyond The Press Release" on the
Company's official Investor Relations Site at
http://www.agoracom.com/ir/kinbauri, where these developments will be discussed
in detail. The recording is expected to be available on or after August 27th,
2007.


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 with a
view to re-starting operations at the mine and mill complex there, and to
establish resources to support a mine and mill at Corcoesto in Galicia, Spain
where it has an option to earn a 65 percent interest. It currently has
43,372,320 common shares issued and outstanding; 67,056,236, fully diluted.


About the Rio Narcea Gold Belt

This belt, which has been subject to multiple phases of mineralization common to
most major mining camps, has present measured and indicated resources of 477,000
ounces gold and 26,000 tonnes copper (2,594,000 tonnes at 5.7g Au/t and
2,343,000 tonnes at 1.13% Cu) and inferred resources of 845,000 ounces gold and
11,600 tonnes copper (3,159,000 tonnes at 8.3g Au/t and 1,607,000 tonnes at
0.84% Cu), as estimated by Ore Reserves Engineering of Lakewood, Colorado in a
NI43-101 technical report dated March 21st, 2007 and filed on Sedar on July 3rd,
2007. Kinbauri presently holds permits totaling 3,000 hc and investigation
permits totaling 592 ha, covering the four main gold deposits at El Valle,
Carles, La Brueva and Godan/Ortosa. All of the above-estimated resources are
attributed to the El Valle and Carles deposits. With the exception of a surface
drilling program targeting a near-surface extension of open-pittable resources
at Carles and a Mo-Au target at Godan, Kinbauri's present plans are to
concentrate drilling at El Valle in order to define resources and reserves
towards mine production re-start. To find out more about the Rio Narcea Gold
Belt and El Valle, please visit Kinbauri's web-site at www.kinbauri-gold.com.


THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP.

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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