Kinbauri Gold Announces Reasons Issued in Court Hearing with Glen Eagle

* Reuters is not responsible for the content in this press release.

Tue Jul 7, 2009 9:03am EDT 

  OTTAWA, ONTARIO, Jul 07 (MARKET WIRE) -- 
Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE: KNB)(FRANKFURT: 3KG.DE)
announces that Justice Wilton-Seigel has issued his reasons in respect of
his ruling of the dispute between Kinbauri and Glen Eagle Resources Inc.
("Glen Eagle"). A copy of the reasons has been posted on Kinbauri's
website www.kinbauri-gold.com as well as on www.kinbaurimaximized.com.
Kinbauri strongly encourages shareholders to review the reasons. Kinbauri
is pleased with Justice Wilton-Seigel's assessment of the facts and
issues in the dispute with Glen Eagle as set out in his reasons and
continues to be highly confident that it will prevail in defeating Glen
Eagle's claims and in winning the counter claims for substantial damages
that it will be asserting in the arbitration.

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

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

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

Copyright 2009, Market Wire, All rights reserved.

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