Banro intercepts 192 metres grading 2.02 g/t Au, 149 metres grading 1.71 g/t Au, 68 metres grading 3.77 g/t Au, 77.8 metres grading 2.17 g/t Au and 60 metres grading 3.50 g/t Au as part of the bankable feasibility drilling program at its Twangiza project



    TORONTO, July 31 /CNW/ - Banro Corporation ("Banro" or the "Company")
(AMEX - "BAA"; TSX - "BAA") is pleased to announce further results from the
Company's ongoing in-fill core drilling program at its wholly-owned Twangiza
gold project, located on the Twangiza-Namoya gold belt in the Democratic
Republic of the Congo (the "DRC").
    Assay results have been received for an additional 30 core holes drilled
at the Twangiza North and Twangiza Main deposits since the last drilling
update in May 2008. These 30 core holes, which were drilled as part of the
Company's bankable feasibility study, were not included in the mineral
resource estimates for the Twangiza pre-feasibility study announced on July 7,
2008.

    
    Highlights include:

    -   Hole TDD220 intersected 45.00 metres grading 4.26 g/t Au from
        85.00 metres and 48.60 metres grading 1.84 g/t Au from 164.40 metres
    -   Hole TDD221 intersected 149.00 metres grading 1.71 g/t Au from
        110 metres and 60.00 metres grading 3.50 g/t Au from 266.00 metres
    -   Hole TDD225 intersected 192.00 metres grading 2.02 g/t Au from
        88.00 metres
    -   Hole TDD226 intersected 77.80 metres grading 2.17 g/t Au from
        23.20 metres and 65.70 metres grading 2.90 g/t Au from 235.00 metres
    -   Hole TDD227 intersected 68.00 metres grading 3.77 g/t Au from
        76.00 metres
    -   Hole TDD229 intersected 43.00 metres grading 2.42 g/t Au from
        237.00 metres and 47.63 metres grading 2.35 g/t Au from 294.00 metres
    -   Hole TDD234 intersected 34.6 metres grading 3.19 g/t Au from
        131.40 metres
    -   Hole TDD235 intersected 33.00 metres grading 2.76 g/t Au from
        70.00 metres
    -   Hole TDD236 intersected 48.71 metres grading 2.53 g/t Au from
        93.00 metres
    

    The objective of the current drilling program at Twangiza is to upgrade
mineral resources into the Measured and Indicated Resource categories with the
goal of determining ore reserves as part of the bankable feasibility study
which is due for completion in December 2008.
    Twangiza currently has an estimated Measured Mineral Resource of
1,390,000 ounces of gold (16,700,000 tonnes grading 2.59 g/t Au), Indicated
Mineral Resource of 2,350,000 ounces of gold (42,500,000 tonnes grading
1.72 g/t Au) and Inferred Mineral Resource of 600,000 ounces of gold
(10,000,000 tonnes grading 1.80 g/t Au). Reference is made to Banro's press
release dated July 7, 2008 (a copy of which can be obtained from SEDAR at
www.sedar.com).
    Commenting on the drilling results at Twangiza, Mike Prinsloo, President
and C.E.O. of the Company, said: "These drill intercepts are significant in
terms of grade and thickness and are in areas where Inferred Resources and
unclassified material were previously demarcated within the pit shells as part
of the pre-feasibility study announced earlier this month. These drilling
results should contribute to an increase in Measured and Indicated Resources
at Twangiza, as well as to an increase in the Proven and Probable Reserves to
be incorporated in the bankable feasibility study for Twangiza."
    A locality plan of the reported drill holes is found accompanying this
press release on the Company's web site at
http://www.banro.com/i/pdf/2008-07-31_NRM.pdf.
    Results from the core holes are tabulated in the following table:

    
    -------------------------------------------------------------------------
                                                        MINERALIZATION
                                                -----------------------------
    HOLE  EASTING NORTHING  AZIMUTH INCLINATION  FROM     TO    WIDTH   Au
           (UTM)    (UTM)  (degrees) (degrees)    (m)     (m)    (m)   (g/t)
    -------------------------------------------------------------------------
    TDD218 693679  9682400      250       -76    52.26   56.44   4.18   0.77
                                                -----------------------------
                                                 65.19   67.37   2.18   0.73
                                                -----------------------------
                                                 71.00   74.00   3.00   0.67
                                                -----------------------------
                                                 77.75   80.18   2.43   4.66
                                                -----------------------------
                                                 93.00   96.00   3.00   3.80
                                                -----------------------------
                                                 99.00  104.00   5.00   0.60
                                                -----------------------------
                                                123.00  126.00   3.00   0.61
                                                -----------------------------
                                                141.00  143.00   2.00   0.65
                                                -----------------------------
                                                155.00  162.00   7.00   0.79
                                                -----------------------------
                                                165.00  210.75  45.75   1.52
                                                -----------------------------
                                                216.75  244.80  28.05   2.46
    -------------------------------------------------------------------------
    TDD219 693634  9682451      250       -80    25.00   41.00  16.00   4.16
                                                -----------------------------
                                                 66.10  134.00  67.90   1.31
                                                -----------------------------
                                                137.00  148.00  11.00   2.79
                                                -----------------------------
                                                152.00  181.00  29.00   1.81
                                                -----------------------------
                                                190.00  195.00   5.00   0.58
                                                -----------------------------
                                                197.00  203.00   6.00   1.49
                                                -----------------------------
                                                212.00  220.00   8.00   0.51
                                                -----------------------------
                                                231.00  242.00  11.00   5.71
                                                -----------------------------
                                                244.00  248.00   4.00   0.90
    -------------------------------------------------------------------------
    TDD220 693505  9682073       70       -50    69.00   70.66   1.66   0.65
                                                -----------------------------
                                                 76.58   79.60   3.02   1.75
                                                -----------------------------
                                                 85.00  130.00  45.00   4.26
                                                -----------------------------
                                                140.00  160.40  20.40   1.07
                                                -----------------------------
                                                164.40  213.00  48.60   1.84
                                                -----------------------------
                                                242.00  268.00  26.00   2.17
                                                -----------------------------
                                                274.00  281.77   7.77   1.87
                                                -----------------------------
                                                300.00  334.00  34.00   1.29
                                                -----------------------------
                                                356.00  365.00   9.00   0.91
                                                -----------------------------
                                                368.00  374.00   6.00   0.57
                                                -----------------------------
                                                379.00  380.00   1.00   5.66
                                                -----------------------------
                                                444.00  448.00   4.00   0.62
    -------------------------------------------------------------------------
    TDD221 693552  9681999       70       -51    76.00   77.00   1.00   1.46
                                                -----------------------------
                                                 91.00   98.00   7.00   0.55
                                                -----------------------------
                                                110.00  259.00 149.00   1.71
                                                -----------------------------
                                                266.00  326.00  60.00   3.50
    -------------------------------------------------------------------------
    TDD222 693693  9682095       70       -54     5.00   15.00  10.00   2.66
                                                -----------------------------
                                                 23.00   38.00  15.00   1.39
                                                -----------------------------
                                                 49.00   54.60   5.60   1.66
                                                -----------------------------
                                                 57.00   71.00  14.00   1.28
                                                -----------------------------
                                                 90.00  108.00  18.00   1.07
                                                -----------------------------
                                                116.80  118.30   1.50   0.70
                                                -----------------------------
                                                142.00  159.62  17.62   1.64
                                                -----------------------------
                                                163.00  164.00   1.00   1.06
                                                -----------------------------
                                                167.00  177.00  10.00   1.23
    -------------------------------------------------------------------------
    TDD223 693343  9682662       70       -55    61.00   82.59  21.59   1.24
                                                -----------------------------
                                                 90.59   97.27   6.68   2.00
                                                -----------------------------
                                                100.00  104.00   4.00   0.55
                                                -----------------------------
                                                108.00  110.80   2.80   1.35
                                                -----------------------------
                                                146.00  147.00   1.00   7.83
                                                -----------------------------
                                                180.00  182.00   2.00   1.58
    -------------------------------------------------------------------------
    TDD224 693683  9682229       70       -66    10.00   12.00   2.00   0.69
                                                -----------------------------
                                                 31.00   37.00   6.00   1.92
                                                -----------------------------
                                                 41.00   47.00   6.00   0.50
                                                -----------------------------
                                                 52.00   99.00  47.00   1.13
                                                -----------------------------
                                                104.00  107.00   3.00   0.85
                                                -----------------------------
                                                111.00  153.00  42.00   1.27
                                                -----------------------------
                                                159.00  172.00  13.00   1.26
    -------------------------------------------------------------------------
    TDD225 693537  9682042       70       -50    76.00   78.00   2.00   0.86
                                                -----------------------------
                                                 88.00  280.00 192.00   2.02
                                                -----------------------------
                                                284.00  300.00  16.00   0.89
                                                -----------------------------
                                                309.00  337.50  28.50   0.67
    -------------------------------------------------------------------------
    TDD226 693533  9682180       70       -53     0.00   15.00  15.00   1.56
                                                -----------------------------
                                                 23.20  101.00  77.80   2.17
                                                -----------------------------
                                                118.00  136.00  18.00   1.08
                                                -----------------------------
                                                145.00  146.00   1.00   1.78
                                                -----------------------------
                                                151.00  172.00  21.00   1.30
                                                -----------------------------
                                                175.00  179.00   4.00   1.00
                                                -----------------------------
                                                184.00  190.00   6.00   2.33
                                                -----------------------------
                                                201.00  205.00   4.00   6.90
                                                -----------------------------
                                                213.00  214.00   1.00   1.64
                                                -----------------------------
                                                217.00  224.00   7.00   1.45
                                                -----------------------------
                                                227.00  232.00   5.00   1.78
                                                -----------------------------
                                                235.00  300.70  65.70   2.90
    -------------------------------------------------------------------------
    TDD227 693478  9682363       70       -50    29.00   36.00   7.00   1.10
                                                -----------------------------
                                                 43.00   45.00   2.00   1.38
                                                -----------------------------
                                                 53.00   64.00  11.00   1.13
                                                -----------------------------
                                                 67.00   69.00   2.00   1.29
                                                -----------------------------
                                                 76.00  144.00  68.00   3.77
                                                -----------------------------
                                                148.00  155.00   7.00   1.53
                                                -----------------------------
                                                160.00  166.00   6.00   0.56
                                                -----------------------------
                                                171.00  178.00   7.00   0.48
                                                -----------------------------
                                                186.00  189.42   3.42   3.72
                                                -----------------------------
                                                197.00  201.00   4.00   1.47
                                                -----------------------------
                                                217.00  222.00   5.00   1.30
                                                -----------------------------
                                                225.00  231.00   6.00   1.90
                                                -----------------------------
                                                235.00  239.77   4.77   1.43
                                                -----------------------------
                                                258.77  261.00   2.23   0.71
                                                -----------------------------
                                                264.00  288.00  24.00   1.12
                                                -----------------------------
                                                303.00  304.00   1.00   1.29
    -------------------------------------------------------------------------
    TDD228 693260  9683248       70       -56    43.77   52.00   8.23   1.62
    -------------------------------------------------------------------------
    TDD229 693392  9682256       70       -52    15.00   21.00   6.00   2.26
                                                -----------------------------
                                                 47.15   59.00  11.85   1.63
                                                -----------------------------
                                                 62.00   70.00   8.00   0.93
                                                -----------------------------
                                                 73.00   85.00  12.00   2.45
                                                -----------------------------
                                                 97.00  100.00   3.00   2.25
                                                -----------------------------
                                                107.00  109.00   2.00   0.89
                                                -----------------------------
                                                112.00  120.00   8.00   0.62
                                                -----------------------------
                                                139.00  147.00   8.00   3.68
                                                -----------------------------
                                                155.00  160.00   5.00   3.13
                                                -----------------------------
                                                162.00  165.00   3.00   0.80
                                                -----------------------------
                                                171.00  174.00   3.00   0.61
                                                -----------------------------
                                                203.00  204.00   1.00   1.07
                                                -----------------------------
                                                207.00  211.00   4.00   2.18
                                                -----------------------------
                                                215.00  216.00   1.00   2.46
                                                -----------------------------
                                                220.00  232.00  12.00   0.67
                                                -----------------------------
                                                237.00  280.00  43.00   2.42
                                                -----------------------------
                                                284.00  289.00   5.00   1.38
                                                -----------------------------
                                                294.00  341.63  47.63   2.35
                                                -----------------------------
                                                344.35  363.90  19.55   1.28
                                                -----------------------------
                                                391.00  398.00   7.00   1.00
                                                -----------------------------
                                                406.00  410.00   4.00   0.65
                                                -----------------------------
                                                413.00  423.00  10.00   1.55
                                                -----------------------------
                                                426.00  444.19  18.19   0.73
                                                -----------------------------
                                                449.00  467.00  18.00   1.54
                                                -----------------------------
                                                472.00  486.00  14.00   1.49
    -------------------------------------------------------------------------
    TDD230 693461  9682203       70       -50    11.00   14.45   3.45   2.87
                                                -----------------------------
                                                 20.00   25.00   5.00   0.69
                                                -----------------------------
                                                 26.35   28.00   1.65   3.80
                                                -----------------------------
                                                 39.00   66.60  27.60   2.32
                                                -----------------------------
                                                 77.00   80.00   3.00  12.02
                                                -----------------------------
                                                 87.00   88.00   1.00   8.81
                                                -----------------------------
                                                127.00  128.56   1.56   0.87
                                                -----------------------------
                                                131.00  139.00   8.00   1.71
                                                -----------------------------
                                                144.00  168.00  24.00   2.35
                                                -----------------------------
                                                171.00  179.00   8.00   0.65
                                                -----------------------------
                                                182.00  183.00   1.00   1.23
                                                -----------------------------
                                                189.00  206.58  17.58   2.47
                                                -----------------------------
                                                238.00  247.95   9.95   1.29
                                                -----------------------------
                                                259.00  268.00   9.00   3.88
                                                -----------------------------
                                                273.20  280.00   6.80   2.18
                                                -----------------------------
                                                283.00  284.00   1.00   4.02
                                                -----------------------------
                                                287.00  314.00  27.00   1.30
                                                -----------------------------
                                                317.00  342.85  25.85   2.53
                                                -----------------------------
                                                350.00  365.55  15.55   1.35
                                                -----------------------------
                                                397.00  402.00   5.00   3.60
                                                -----------------------------
                                                519.00  520.00   1.00   3.93
    -------------------------------------------------------------------------
    TDD231 693531  9682939       70       -58    26.40   31.77   5.37   1.12
                                                -----------------------------
                                                 66.00   67.00   1.00   1.08
                                                -----------------------------
                                                 90.00   96.00   6.00   1.49
                                                -----------------------------
                                                100.00  103.00   3.00   0.81
                                                -----------------------------
                                                107.00  113.00   6.00   0.78
    -------------------------------------------------------------------------
    TDD232 693210  9683160       70       -59    28.00   35.00   7.00   1.64
                                                -----------------------------
                                                 68.70   70.60   1.90   4.50
                                                -----------------------------
                                                 73.40   76.00   2.60   2.45
                                                -----------------------------
                                                119.70  132.00  12.30   1.55
    -------------------------------------------------------------------------
    TDD233 692861  9684373       70     -69.5    39.00   41.00   2.00   1.11
                                                -----------------------------
                                                162.00  180.00  18.00   1.77
                                                -----------------------------
                                                191.00  193.71   2.71   1.48
    -------------------------------------------------------------------------
    TDD234 692868  9684341       70       -65    42.00   46.00   4.00   0.81
                                                -----------------------------
                                                131.40  166.00  34.60   3.19
    -------------------------------------------------------------------------
    TDD235 692890  9684447       70       -72    70.00  103.00  33.00   2.76
                                                -----------------------------
                                                106.00  110.00   4.00   1.61
                                                -----------------------------
                                                115.00  121.40   6.40   4.94
    -------------------------------------------------------------------------
    TDD236 692932  9684286       70       -83    23.00   25.00   2.00   1.08
                                                -----------------------------
                                                 33.00   37.00   4.00   0.63
                                                -----------------------------
                                                 41.00   44.00   3.00   0.51
                                                -----------------------------
                                                 68.00   69.00   1.00   5.90
                                                -----------------------------
                                                 93.00  141.71  48.71   2.53
    -------------------------------------------------------------------------
    TDD237 692867  9684501       70       -68    70.00   81.00  11.00   4.40
                                                -----------------------------
                                                 87.00   98.00  11.00   2.87
                                                -----------------------------
                                                102.00  103.42   1.42   1.18
                                                -----------------------------
                                                108.00  111.59   3.59   1.53
    -------------------------------------------------------------------------
    TDD238 693331  9682845       70       -60    47.00   50.00   3.00   0.74
                                                -----------------------------
                                                 99.74  124.00  24.26   1.76
                                                -----------------------------
                                                138.00  139.00   1.00   2.25
                                                -----------------------------
                                                171.00  172.00   1.00   3.65
    -------------------------------------------------------------------------
    TDD239 693183  9683195       70       -55    26.00   28.00   2.00   0.60
                                                -----------------------------
                                                 33.22   37.55   4.33   6.36
                                                -----------------------------
                                                 53.59   56.00   2.41   0.84
                                                -----------------------------
                                                130.00  132.00   2.00   1.05
                                                -----------------------------
                                                144.00  145.00   1.00   1.63
    -------------------------------------------------------------------------
    TDD240 693322  9682492       70       -53   154.00  155.00   1.00   4.15
                                                -----------------------------
                                                184.00  186.00   2.00   1.09
                                                -----------------------------
                                                190.15  195.00   4.85   1.46
                                                -----------------------------
                                                201.00  219.00  18.00   1.63
    -------------------------------------------------------------------------
    TDD241 692835  9684514       70       -56     9.00   10.00   1.00   1.81
                                                -----------------------------
                                                 70.00   71.00   1.00   1.18
                                                -----------------------------
                                                 89.00   93.85   4.85  24.72
                                                -----------------------------
                                                 96.00   97.00   1.00   5.18
                                                -----------------------------
                                                116.00  119.50   3.50   1.38
    -------------------------------------------------------------------------
    TDD242 693247  9682908       70       -63   103.00  105.00   2.00   1.95
                                                -----------------------------
                                                108.00  120.00  12.00   2.83
                                                -----------------------------
                                                127.00  131.55   4.55   0.59
                                                -----------------------------
                                                156.00  157.40   1.40  10.86
    -------------------------------------------------------------------------
    TDD243 692962  9683084       70       -52    10.00   12.00   2.00   0.69
                                                -----------------------------
                                                 15.84   18.00   2.16   1.31
                                                -----------------------------
                                                 31.00   33.00   2.00   0.74
                                                -----------------------------
                                                 80.32   87.00   6.68   0.58
                                                -----------------------------
                                                 96.00   98.00   2.00   0.77
                                                -----------------------------
                                                111.60  117.00   5.40   1.07
    -------------------------------------------------------------------------
    TDD244 693447  9682069       70       -53    12.30   15.00   2.70   1.21
                                                -----------------------------
                                                127.00  134.70   7.70   1.85
                                                -----------------------------
                                                137.70  190.00  52.30   1.18
                                                -----------------------------
                                                203.00  233.54  30.54   1.50
                                                -----------------------------
                                                237.30  250.78  13.48   1.78
                                                -----------------------------
                                                255.78  257.78   2.00   1.77
                                                -----------------------------
                                                260.78  263.78   3.00   0.71
                                                -----------------------------
                                                267.60  276.00   8.40   2.50
                                                -----------------------------
                                                290.00  321.00  31.00   1.18
                                                -----------------------------
                                                325.00  339.00  14.00   1.00
                                                -----------------------------
                                                343.00  345.00   2.00   1.77
                                                -----------------------------
                                                348.00  351.00   3.00   0.71
                                                -----------------------------
                                                355.00  364.00   9.00   2.01
                                                -----------------------------
                                                367.00  369.00   2.00   4.82
                                                -----------------------------
                                                372.00  376.00   4.00   0.50
                                                -----------------------------
                                                379.00  382.00   3.00   1.16
                                                -----------------------------
                                                391.00  396.00   5.00   0.76
                                                -----------------------------
                                                398.00  402.57   4.57   2.30
                                                -----------------------------
                                                414.00  443.00  29.00   1.03
                                                -----------------------------
                                                446.00  454.65   8.65   0.93
                                                -----------------------------
                                                457.93  464.00   6.07   3.35
                                                -----------------------------
                                                507.00  508.00   1.00   1.30
                                                -----------------------------
                                                511.00  516.00   5.00   0.81
    -------------------------------------------------------------------------
    TDD245 692790  9684899       70       -53    25.00   26.00   1.00   1.32
                                                -----------------------------
                                                 35.87   37.87   2.00  15.93
    -------------------------------------------------------------------------
    TDD246 692937  9683149       70       -54    63.00   64.00   1.00   1.74
    -------------------------------------------------------------------------
    TDD247 693334  9682989       70       -65     9.30   13.00   3.70   0.76
                                                -----------------------------
                                                 17.88   19.00   1.12   1.99
                                                -----------------------------
                                                 31.52   32.77   1.25   0.54
                                                -----------------------------
                                                 53.00   54.00   1.00   1.35
                                                -----------------------------
                                                 72.60   86.00  13.40   2.47
                                                -----------------------------
                                                 91.14   97.63   6.49   0.59
                                                -----------------------------
                                                106.73  119.00  12.27   4.22
    -------------------------------------------------------------------------

    Holes are uncut.
    


    Core holes were inclined at between minus 50 and 83 degrees and averaged
248 metres in depth with a maximum down-hole depth of 542.76 metres. Core
recovery for these holes averaged 92.7% within the mineralized zones. It is
estimated that the true widths of the mineralized zones vary between 80% and
95% of the intersected widths in the holes. Drill hole spacing was on 40 metre
sections.
    The mineralized sections of the Twangiza North and Twangiza Main deposits
are hosted within a series of mineralized feldspar porphyry sills and weakly
metamorphosed, pelitic metasediments along a northerly trending anticlinal
structure. The gold mineralization is associated with pyrite and arsenopyrite
sulfides and silicic, carbonate and potassic alteration.
    Drill cores for assaying were taken at a maximum of one metre intervals
and were cut with a diamond saw with one-half of the core placed in sealed
bags and sent to the Company's sample preparation facility in Bukavu, DRC. The
core samples were then crushed down to minus 2 mm, and split with half of the
sample pulverised down to 90% passing 75 microns. Approximately 150 grams of
the pulverised sample was then shipped to the SGS Laboratory (which is
independent of the Company) in Mwanza, Tanzania where the samples were
analysed for gold by fire assay using a 50g charge. As part of the Company's
QA/QC procedures, which adhere to internationally recognised standards,
duplicates and blanks were inserted into the sample batches.
    Additional information with respect to the Twangiza project is contained
in the technical report of SENET dated September 13, 2007 and entitled
"Preliminary Assessment NI 43-101 Technical Report, Twangiza Gold Project,
South Kivu Province, Democratic Republic of Congo". A copy of this report can
be obtained from SEDAR at www.sedar.com.
    A National Instrument 43-101 technical report relating to the Twangiza
pre-feasibility study is expected to be filed on SEDAR during the next two to
three weeks.

    Banro is a Canadian-based gold exploration company focused on the
development of four major, wholly-owned gold projects, each with mining
licenses, along the 210 kilometre-long Twangiza-Namoya gold belt in the
South Kivu and Maniema provinces of the DRC. Led by a proven management team
with extensive gold and African experience, Banro's strategy is to unlock
shareholder value by increasing and developing its significant gold assets in
a socially and environmentally responsible manner.

    Qualified Person
    ----------------
    The exploration results disclosed by this press release have been
reviewed, verified (including sampling, analytical and test data) and compiled
by the Company's geological staff based in Bukavu, DRC, under the supervision
of Daniel K. Bansah who is a Member of The Australasian Institute of Mining
and Metallurgy (Aus.I.M.M), the Company's Vice President, Exploration and a
"qualified person" (as such term is defined in National Instrument 43-101).

    Cautionary Note to U.S. Investors: The United States Securities and
Exchange Commission (the "SEC") permits U.S. mining companies, in their
filings with the SEC, to disclose only those mineral deposits that a company
can economically and legally extract or produce. Certain terms are used by the
Company, such as "measured", "indicated", and "inferred" "resources", that the
SEC guidelines strictly prohibit U.S. registered companies from including in
their filings with the SEC. U.S. Investors are urged to consider closely the
disclosure in the Company's Form 40-F Registration Statement, File No.
001-32399, which may be secured from the Company, or from the SEC's website at
http://www.sec.gov/edgar.shtml.

    Forward-Looking Statements: This press release contains forward-looking
statements. All statements, other than statements of historical fact, that
address activities, events or developments that the Company believes, expects
or anticipates will or may occur in the future (including, without limitation,
statements regarding the estimation of mineral resources and mineral reserves,
exploration results, potential mineralization, potential mineral resources and
mineral reserves and the Company's exploration and development plans with
respect to Twangiza) are forward-looking statements. These forward-looking
statements reflect the current expectations or beliefs of the Company based on
information currently available to the Company. Forward-looking statements are
subject to a number of risks and uncertainties that may cause the actual
results of the Company to differ materially from those discussed in the
forward-looking statements, and even if such actual results are realized or
substantially realized, there can be no assurance that they will have the
expected consequences to, or effects on the Company. Factors that could cause
actual results or events to differ materially from current expectations
include, among other things, failure to establish estimated mineral resources
or mineral reserves (the mineral resource and mineral reserve figures referred
to in this press release are estimates and no assurances can be given that the
indicated levels of gold will be produced), the possibility that future
exploration results will not be consistent with the Company's expectations,
gold recoveries for Twangiza being less than those indicated by the
metallurgical testwork carried out to date (there can be no assurance that
gold recoveries in small scale laboratory tests will be duplicated in large
tests under on-site conditions or during production), changes in world gold
markets and equity markets, political developments in the DRC, fluctuations in
currency exchange rates, inflation, changes to regulations affecting the
Company's activities, uncertainties relating to the availability and costs of
financing needed in the future, the uncertainties involved in interpreting
drilling results and other geological data and the other risks disclosed under
the heading "Risk Factors" and elsewhere in the Company's annual information
form dated March 28, 2008 filed on SEDAR at www.sedar.com. Any forward-looking
statement speaks only as of the date on which it is made and, except as may be
required by applicable securities laws, the Company disclaims any intent or
obligation to update any forward-looking statement, whether as a result of new
information, future events or results or otherwise. Although the Company
believes that the assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future
performance and accordingly undue reliance should not be put on such
statements due to the inherent uncertainty therein.





For further information:

For further information: please visit our website at www.banro.com, or
contact: Mike Prinsloo, President and C.E.O., South Africa, Tel: + 27 (0) 11
958-2885; Arnold T. Kondrat, Executive Vice-President, Toronto, Ontario, or
Martin Jones, Vice-President, Corporate Development, Toronto, Ontario, Tel:
(416) 366-2221 or 1-800-714-7938

Organization Profile

BANRO CORPORATION

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