Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB) (FRANKFURT:3KG.DE) is pleased
to announce that Ore Reserves Engineering ("ORE") has provided new resource
estimates at El Valle in northwestern Spain for three zones: (1) two zones, Area
208 and East 107 had previously not been appraised in any previous technical
report and (2) one zone, the East Breccia zone ("EB"), where new drill
intercepts extended the zone, leading to an increase in inferred resources for
EB (previous reported inferred gold resource for EB was 73,000 ounces) .


Total inferred resources in the three zones are 226,519 ounces gold and 7.4M
pounds copper (1.1Mt @ 6.6g/t Au/t and 0.31% Cu); this is an increase of 153,519
ounces of gold over that previously reported by ORE in its most recent N.I.
43-101 technical report and recent amendment (see press releases of November
20th, 2008 and January 19th, 2009).


The table below gives the detailed estimated inferred resources (1) for East
107, Area 208 and East Breccia as of January 20th, 2008.




-----------------------------------------------------------------
                                 Gold  Copper
                                Grade   Grade      Gold    Copper
Zone                  Tonnes  (g Au/t)  (% Cu)  (ounces)  (tonnes)
-----------------------------------------------------------------
East 107              93,944     5.64    0.12    17,024       111
Area 208             361,786     6.10    0.11    71,001       441
East Breccia         617,175     6.98    0.46   138,494     2,819
-----------------------------------------------------------------
Total East Zones   1,072,905     6.57    0.31   226,519     3,371
-----------------------------------------------------------------

(1): These resources are based on a cut-off of 3.5g Au Eq/t. Eq 
     Au equals ppm Au plus 1.66 times percent Cu.
(2): Resources were estimated using inverse distance power 
     methods within geologically defined three dimensional 
     wire-framed solids.



This update incorporates drilling by Rio Narcea Gold Mines S.L. ("RNGM") that
was completed after RNGM's earlier resource estimates. New models were employed
that incorporate current geological understanding of these zones; and newer,
advanced estimation methods were utilized to better define mineralization. ORE
is continuing to update resources for several smaller zones that were outside of
the Kinbauri drilling programs completed in 2007 and 2008.


Dr. Vern Rampton, President and CEO said "Updated modeling and resource
calculations continue to show that broadly spread mineralization is present
throughout the El Valle property and that it has excellent potential for more
gold and copper discoveries. Increases of 54,270 ounces in the indicated
category within the El Valle Fault zone and 170,349 ounces of gold in the
inferred category in the El Valle Fault, East 107, Area 208 and East Breccia
zones are new resources not previously documented in ORE's November 2008 report.
Clearly, El Valle has enormous potential for further increases in its gold and
copper resources. These will be verified by Kinbauri in future drilling
programs."


The estimated resources for El Valle/Carles resources as of January 20th, 2009
are as follows:


- Measured and Indicated: 970,000 Ounces Gold and 114 million pounds Copper
(6.4Mt at 4.7g Au/t and 0.8% Cu)


- Inferred: 1,2667,344 Ounces Gold and 76.1 million pounds Copper (7.5Mt @ 5.4g
Au/t and 0.47% CU)


This press release has been prepared by Dr. V. N. Rampton, P. Eng. in his
capacity as a qualified person. Dr. Rampton previously recorded a "Beyond the
Press Release" webcast concerning new resource delineation at El Valle and how
these affect development at the El Valle/Carles project on Kinbauri's Investor
Relations site at http://www.agoracom.com/IR/kinbauri on January 19th, 2009. Dr.
Rampton will be hosting Kinbauri's booth at the Vancouver Cambridge Gold Show on
January 25th and 26th.


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 2011. 
It currently has 48,852,695 common shares issued and outstanding.


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.


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
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