CARP, ONTARIO -- (MARKET WIRE) -- 09/01/2006 -- Kinbauri Gold Corp. (TSX VENTURE: KNB)("Kinbauri") is pleased to announce that it has entered into an investor relations consulting agreement with Donna K. Yoshimatsu for a term of twelve months; renewable by agreement of the parties. Ms. Yoshimatsu will assist Kinbauri in developing and implementing public and investor relations and communications programs, plus 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. In connection with these services Ms. Yoshimatsu will receive an annual fee of twenty-four thousand dollars plus GST and options to acquire an aggregate of 180,000 common shares of Kinbauri, exercisable at a price of $0.40 for a period of five years; the options will vest in tranches of 30,000 every three months from the date of grant. Ms. Yoshimatsu has a long distinguished record in the field of investor relations and mining finance, presently providing services to a select number of clients in Canada.

Kinbauri is a junior gold exploration company with 9,469,189 common shares issued and outstanding and 10,217,189 fully diluted. Kinbauri is presently focusing exploration on its Corcoesto late-stage exploration project in Northwestern Spain; a N.I. 43-101 compliant Resource Report has been received and Kinbauri's present exploration program is incorporating its recommendations (see press release of August 24th, 2006 for details).

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.

THIS PRESS RELEASE WAS PREPARED BY KINBAURI GOLD CORP. AND THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED THE CONTENT OF THIS RELEASE.