Kinbauri Gold Corp. is a junior mining company based in Ottawa, Ontario, Canada. Kinbauri’s wholly-owned subsidiary, Kinbauri Espana S.L. acquired the El Valle Mill and auxiliary facilities, the El Valle and Carles Mines and two other properties within the Rio Narcea Gold Belt in northwestern Spain, namely Godán and La Brueva on March 30th, 2007.

The Company’s immediate focus is to: (i) upgrade resources to reserves and complete a mine development plan at El Valle in order to commence production of gold and copper at the mine and mill complex there in 2010. Upon restart, El Valle site will become the largest gold producer in Western Europe.

Total N.I. 43-101 (November) resources at El Valle/Carles now stand at 1,828,580 ounces gold (9.0Mt at 6.3g Au/t) and 136.8M pounds copper (8.1Mt at 0.8% Cu).

A follow-up 23,000 m in-fill drill program is in progress and will form the basis for detailed mining plans and pre-production development, which in turn will result in full production at El Valle/Carles of approximately 145,000 ounces of gold equivalent per year by 2010.

The Company owns 6 other mining properties: Corcoesto, also in northwestern Spain, (340,000 oz}; along with five North American precious metals properties in Ontario, Quebec and Nevada which it is planning to joint venture.