Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE:KNB) (FRANKFURT:3KG.DE), further
to its press releases of May 11th and May 12th, 2009, is pleased to announce
that Scott Wilson Mining . ("SWM") has completed its review of Kinbauri's
revised mine plan for the El Valle/Carles Project (the "Project") which:


- Advances the date of first gold pour to 12 months from the start of development.

- Significantly reduces pre-production capex.

The revised plan was prepared by Kinbauri based on the Scoping Study by SWM,
filed on April 20th, 2009 ("the Scoping Study").  SWM concluded that there are
no fatal flaws to the revised mine plan completed by Kinbauri. The following
table compares key assumptions and results from the Scoping Study and Kinbauri's
revised plan;




-------------------------------------------------------------------
Item                    Revised Plan           Scoping Study
                       (May/09)               (April/09)
-------------------------------------------------------------------
Portal location         Open pit high wall     Adjacent to mill
-------------------------------------------------------------------
Decline gradient        15%                    12%
-------------------------------------------------------------------
Decline length (metres) 560                    870
-------------------------------------------------------------------
Initial stopes          A107 (upper)           A107 (lower) and
                                                San Martin
-------------------------------------------------------------------
Mined resources
 (tonnes)               6,138,178              6,331,344
-------------------------------------------------------------------
Payable Cu (M lb)       83.4                   86.6
-------------------------------------------------------------------
Payable Au (oz)         857,817                876,750
-------------------------------------------------------------------
Combined Revenue
 (M euros)              608.6                  624.3
-------------------------------------------------------------------
Total Capital cost
 (M euros)              95.3                   91.4
-------------------------------------------------------------------
Life of Mine Operating
 cost (M euros)         289.4                  296.8
-------------------------------------------------------------------
Pre-production Capital
 cost (M euros)         40.2                   67.5
-------------------------------------------------------------------
Capital cost (M euros)  95.3                   91.4
-------------------------------------------------------------------
Total Operating
 cost (M euros)         289.4                  296.8
-------------------------------------------------------------------
Total cash cost per
 Ounce AuEq (euros/oz)  254.71                 261.63
-------------------------------------------------------------------
Date of First Revenue   12 months from start   23 months from start
-------------------------------------------------------------------
Pre-tax NPV
 (@10%) (M euros)       70.2                   68.6
-------------------------------------------------------------------



The revised plan provides early access to the top of the 107 Area ("A107") with
the result that a larger proportion of high grade ore will be processed in the
early stages of the Project. The Upper A107 was scheduled for mining at a later
time in the Scoping Study's mine life, as mineralization in this area is
classified as Inferred.  The revised plan, has  allowed for upgrade drilling to
convert the A107 mineralization to Indicated, as well as an allowance for test
mining.  Successful upgrading of the A107 Inferred material is key to the
success of the revised plan. Initial production from A107 will be supplemented
with ore from the present decline and with production from the re-opened Carles
underground mine.


Cautionary Statement as Required by NI 43-101, Sect 2.3 (3): These assessments
are preliminary in nature; they include Inferred mineral resources that are
considered too speculative geologically to have the economic considerations
applied to them that would enable them to be categorized as mineral reserves,
and there is no certainty that the preliminary assessments will be realized
because mineral resources that are not mineral reserves do not demonstrated
economic viability.


Dr. Rampton, Kinbauri's President and CEO, commented "We are extremely pleased
that Scott Wilson has verified the viability of the revised mine plan that our
engineering team developed subsequent to receipt of the Scoping Study. 
Reduction of the pre-production capex in combination with funds to be provided
by the Glen Eagle transaction significantly reduces the need for future
financing. The Project can look forward to production in 2010 with robust annual
after-tax cash flows


This press release has been prepared by Dr. Vern Rampton, P. Eng., President and
CEO in his capacity as a qualified person.  Dr. Rampton will record a "Beyond
the Press Release" webcast concerning the  revised mine plan at El Valle/Carles
on Kinbauri's Investor Relation site at http://www.agoracom.com/IR/kinbauri on
May 29th. This release has also been reviewed and approved by SWM.


About Kinbauri:

Kinbauri is a TSXV - Tier 1 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.


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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