KINBAURI DRILLS 26.7m Grading 19.6g Au/t, 69.9g Ag/t and 2.57% Cu, Including 1.3m Grading 162.3g Au/t, 516.0g Ag/t and

OTTAWA, ONTARIO, May 20 (MARKET WIRE) --
Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE: KNB)(Frankfurt:3KG.DE) is
pleased to announce more results from its on-going 23,000m underground
in-fill drilling program at El Valle and its 500m underground exploration
drilling program at Carles in northwestern Spain.

Highlights of assay results from Black Skarn North ("BSN") and Area 107
("107") include:

- 26.7m grading 19.59g Au/t, 69.9g Ag/t and 2.57% Cu in DDH08KV1105,
including 2.5m grading 105.06g Au/t, 324.0g Ag/t and 7.89% Cu.

- 27.4m grading 3.73g Au/t, 39.2g Ag/t and 1.49% Cu also in DDH08KV1105,
including 7.8m grading 9.42g Au/t, 56.8g Ag/t and 2.25% Cu.

- 27.6m grading 2.80g Au/t, 14.5g Ag/t and 0.89% Cu in DDH08KV1099,
including 3.3m grading 5.77g Au/t, 11.0g Ag/t and 0.29% Cu.

And from Carles North include:

- 16.6m grading 3.10g Au/t, 11.3g Ag/t and 0.42% Cu in DDH08KC1008,
including 1.3m grading 11.99g Au/t, 55.0g Ag/t and 2.8% Cu.

- 3.0m grading 7.15g Au/t and 0.03% Cu and 10.3m grading 2.76g Au/t, 4.5g
Ag/t and 0.62% Cu in DDH08KC1007, including 0.7m grading 5.63g Au/t,
15.0g Ag/t and 1.06% Cu.

El Valle: Black Skarn North/Area 107:

The most recent results show higher grades and greater continuity within
BSN than previously expected. Assays from the latest five diamond drill
holes are summarized as follows:

HOLE From To Interval % (2) Au Ag Cu Zone
(DDH) (1) (m) (m) (m) (g/t) (g/t) (%) /Section
08KV1105 94.25 173.80 79.55 39 8.02 39.0 1.54 BSN /
Sec 11.5
Including 94.25 121.60 27.35 " 3.73 39.2 1.49
Including 99.00 106.75 7.75 " 9.42 56.8 2.25
Including 109.35 110.80 1.45 " 2.82 281.0 12.21
08KV1105 127.70 154.35 26.65 " 19.59 69.9 2.57
Including 127.70 147.65 19.95 " 25.60 89.0 3.04
Including 130.70 133.20 2.50 " 105.06 324.0 7.89
Including 131.95 133.20 1.25 " 162.25 516.0 13.42
Including 141.55 143.25 1.7 " 60.95 155.0 1.06
Including 145.60 147.65 2.05 " 20.29 138.3 13.00
08KV1105 166.55 175.40 8.85 " 1.53 12.4 1.45
Including 167.45 169.10 1.65 " 2.52 16.0 3.02
--------------------------------------------------------------------------
08KV1104 52.90 54.90 2.00 66 2.74 16.5 0.61 A107:BSN
/Secs 2.5
Including 53.90 54.90 1.00 " 4.74 26.0 0.74 & 1075
08KV1104 62.35 71.35 9.00 " 0.70 10.4 0.61
08KV1104 81.00 81.80 0.80 " 5.67 75.0 4.08
--------------------------------------------------------------------------
08KV1101 No intercepts of 2g Au/t or greater A107
/11.5
--------------------------------------------------------------------------
08KV1099 114.20 141.80 27.60 56 2.80 14.5 0.89 BSN
/ Sec 860
Including 115.95 121.35 5.40 " 3.90 29.7 2.35
Including 136.95 140.25 3.30 " 5.77 11.0 0.29
08KV1099 144.80 146.25 1.45 " 2.00 6.0 0.51
08KV1099 148.65 167.10 18.45 " 3.38 8.6 0.45
Including 155.50 156.50 1.00 " 11.10 5.0 0.36
Including 159.50 160.70 1.20 " 2.65 62.0 4.66
008KV109 180.80 182.50 1.70 " 1.57 3.0 0.26
08KV1099 188.50 189.35 0.85 " 0.70 10.0 1.00
08KV1099 191.60 216.40 24.80 " 1.63 7.6 0.39
Including 198.55 201.80 3.25 " 2.80 16.0 0.73
Including 206.50 208.00 1.50 " 5.16 12.0 0.66
--------------------------------------------------------------------------
08KV1096 153.90 158.75 4.85 90 5.12 less 0.08 A107
than / Sec 6
2.0
Including 157.10 158.75 1.65 " 8.70 less 0.40
Than
2.0
08KV1096 163.40 168.60 5.20 " 3.12 less 0.01
than
2.0
Including 163.40 163.90 0.50 " 10.29 less 0.02
Than
2.0
08KV1096 169.20 171.70 2.50 " 3.08 less 0.01
than
2.0
--------------------------------------------------------------------------
(1) See Schedules A and B for Location.
(2) Percentage estimate of True Thicknesses.

DDH08KV1105, lying on Section 11.5, is one of the most significant
holes drilled to date at El Valle, not only because of the large
thickness of high grade gold and copper mineralization, but also because
of implications for increasing the extent of this "high grade skarn".
Numerous in-fill holes being completed in the area east of Section 11
show similar thicknesses and mineralization (assays pending) to those
found in DDH08KV1105. Taken together they indicate a horizontal
mineralized body in the order of 20m thick and 100m wide in the vicinity
of Section 11 and 12 that is open to the east and south; this raises the
possibility that the East Area of Black Skarn North could extend to the
Monica Zone and beyond. The "high grade skarn" is a result of skarn
mineralization being overprinted by multiple epithermal structures.

Dr. V. N. Rampton, President of Kinbauri, commented: "With the most
recent results of the in-fill drilling, we are seeing potential for a
significant increase in gold and copper resources above those previously
estimated. If the high grade phase of Black Skarn North continues to the
east and south, this will add even more ounces to those previously
anticipated".

Carles: Carles North:

Exploration drilling at the Carles mine to delineate the extent of the
Carles North zone (see Schedule C:
http://media3.marketwire.com/docs/ScheduleC_0520.pdf) has been completed.
Results for holes 07KC1001 through KC1005 were previously reported in
press releases of December 13th, 2007 and January 29th, 2008. Results
from the final four holes are reported below:

HOLE From To Interval % (2) Au Ag Cu Zone
(DDH) (1) (m) (m) (m) (g/t) (g/t) (%) /Section
08KC1009 No intercepts of 2g Au/t or greater over 0.5m
--------------------------------------------------------------------------
08KC1008 106.30 122.90 16.60 31 3.10 11.3 0.42 Carles-
-North /
1050N
Including 106.30 107.70 1.40 " 3.51 less 0.01
Than
2.0
Including 109.80 112.00 2.20 " 8.01 34.1 1.70
Including
(1) 109.80 111.10 1.30 " 11.99 55.0 2.80
Including 114.65 117.60 2.95 " 4.50 9.8 0.37
Including
(1) 114.65 116.00 1.35 " 7.26 12.0 0.53
Including 120.00 122.90 2.90 " 4.26 22.9 0.69
Including
(1) 120.00 120.95 0.95 " 7.70 40.0 1.13
--------------------------------------------------------------------------
08KC1007 99.75 102.75 3.00 46 7.15 less 0.03 Carles-
than North /
(2.0) 1000N
Including 101.20 102.75 1.55 " 10.45 less 0.04
Than
2.0
08KC1007 107.75 112.20 4.45 " 3.46 6.2 0.53
Including 109.05 110.40 1.35 " 6.74 16.0 1.15
08KC1007 114.90 125.15 10.25 " 22.7 4.5 0.62
Including
(1) 116.15 116.85 0.70 " 5.63 15.0 1.06
Including
(2) 119.25 121.55 2.30 " 3.80 4.5 0.57
--------------------------------------------------------------------------
07KC1006 84.55 85.60 1.05 38 2.20 41.0 0.02 Carles
North /
900N
07KC1006 98.00 99.25 1.25 " 3.40 231.0 1.47

--------------------------------------------------------------------------
(1) See Schedule C for Location.
(2) Percentage estimate of True Thicknesses.

DDHs 07KC1003, 07KC1004, 07KC1005, 07KC1007 and07KC1008 (see Schedule)
all show the continuity of the Carles North skarn Cu-Au mineralization at
depth. Kinbauri is presently determining the costs of a short decline of
250m in order to access Carles North at a further 300m down-dip in order
to assess the full potential of the Carles North zone.

The underground drill program at El Valle and Carles is being supervised
by Mr. Santiago Gonzalez-Nistal, 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 Assay and Quality Assurance Programs
are reported in a press release of February 27th, 2008. This press
release was prepared by Drs V. N. Rampton, P. Eng and C. F. Gleeson, P.
Eng. in their capacity as qualified persons. Dr. Rampton's web-casts
concerning assay results obtained from El Valle and Carles and Kinbauri's
mine development plans are available on Kinbauri's official Investor
Relations Site at http://www.agoracom.com/IR/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 2010. It currently has 47,325,189 common
shares issued and outstanding.

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.

Please find attached the sechedule A
(http://media3.marketwire.com/docs/ScheduleA_0520.pdf) and the schedule B
http://media3.marketwire.com/docs/ScheduleB_0520.pdf)

Contacts:
North America
Darrell Munro, BB.A, LL.B
Manager Corporate Communications
613-836-0198
dmunro@kinbauri-gold.com

Dr. Vern Rampton, P. Eng.
President
613-836-2594
vrampton@kinbauri-gold.com
kinbauri@kinbauri-gold.com

Dr. Chris Gleeson, P. Eng.
Vice-President Exploration
613-652-4594
cgleeson@kinbauri-gold.com
www.kinbauri-gold.com

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

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.

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