Agoracom

OTTAWA, ONTARIO--(Nov. 1, 2007) - Kinbauri Gold Corp. (TSX VENTURE:KNB) ("Kinbauri") is pleased to announce that it has signed a contract with Geonor Sondeos y Perforacionnes of La Coruna, Asturias, Spain to complete 20,000 metres of underground diamond drilling at El Valle between January 1st, 2008 and July 30th, 2008. This drilling is an infill program designed to convert existing resources into reserves within Area 107 and the Black Skarn zone. These zones will be the focus of mining upon start-up of the mill at El Valle. Kinbauri is expected to be in receipt of a N.I. 43-101 compliant resource update for Area 107 and the Black Skarn North zones by mid-November. Results from Kinbauri's recently completed 6,273 metre drill program, which will form the basis of this update, can be reviewed in releases of July 19, 2007, August 27, 2007, September 11, 2007 and October 16, 2007; see also Schedule A.

A second contract is in the planning stages to complete exploratory drilling to expand the Black Skarn and Area 107 zones to the west of their present extent. On-going drifting will allow reasonable drilling access to this relatively unexplored area where previous drill holes by Rio Narcea Gold mines Ltd. ("RNGM") had encountered the following intersections (RNGM's quality control is reported in Kinbauri's release of January 16, 2007 and meet or exceed N.I. 43-101 requirements: true widths are approximately 50% of reported intervals):

- VAL 2049 7.6m @ 13.4g Au/t, 3.4% Cu; Area 107

- VAL 1033 14.6m @ 11.0g Au/t, 0.9% Cu; Area 107

- VAL 1032 42.9m @ 2.8gAu/t, 0.9% Cu; Black Skarn
including 6.5m @ 6.3g Au/t, 0.1% Cu; Area 107

In other corporate news: Kinbauri is also pleased to announce that it has retained Mr. Darrell Munro to manage corporate communications and investor relations on a full-time basis for a term of twenty-four months. Mr. Munro will assist Kinbauri in developing and implementing public and investor relations and communications programs; engage in consultation with and provide ongoing assistance to Kinbauri's board of directors and management with respect to the development and enhancement of Kinbauri's public and market image; and assist with financing strategies. In connection with these services, Mr. Munro will receive an annual fee of ninety thousand dollars and options to acquire an aggregate of 180,000 common shares of Kinbauri, exercisable at a price of $0.75 for a period of three years; the options will vest in tranches of 30,000 every three months from the date of grant. Mr. Munro's business career includes ten years in the practice of law (both criminal and civil), ten years as an investment advisor with Richardson Greenshield's and thereafter ten years of experience in all aspects of corporate management, primarily equity based financing and investor relations for both private and public small cap companies. His past career gives him extensive access to a network of a large and diversified group of individual and institutional investors. Mr. Munro has a Bachelor of Business Administration from the University of New Brunswick and a Bachelor of Law degree (LL.B) from Queen's University.

This press release was prepared by Dr. V. N. Rampton, P. Eng in his capacity as a qualified person.

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. It currently has 43,372,320 common shares issued and outstanding; 67,056,236, fully diluted.

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.

Schedule A is available at the following address: http://www.ccnmatthews.com/docs/Sche...

For more information, please contact

Kinbauri Gold Corp.
Darrell Munro, BB.A, LL.B
Manager Corporate Communications
613-836-2594
613-831-2730 (FAX)
dmunro@kinbauri-gold.com
www.kinbauri-gold.com

or

Kinbauri Gold Corp.
Dr. Vern Rampton, P. Eng.
President
613-836-2594
613-831-2730 (FAX)
vrampton@kinbauri-gold.com
kinbauri@kinbauri-gold.com

Or Visit:

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