Banro intercepts further significant gold mineralization in feasibility drilling at its Twangiza project



    
    Highlights include 143.00 metres grading 2.47 g/t Au, 106.00 metres
    grading 2.62 g/t Au, and 23.00 metres grading 9.03 g/t Au
    

    TORONTO, Oct. 29 /CNW/ - Banro Corporation ("Banro" or the "Company")
(NYSE Alternext US - "BAA"; TSX - "BAA") is pleased to announce further
results from the Company's 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 42 core holes drilled
at the Twangiza North and Twangiza Main deposits since the last drilling
update in July 2008. These 42 core holes, which were drilled as part of the
Company's full feasibility study, were not included in the mineral resource
estimates that were used for the Twangiza pre-feasibility study announced on
July 7, 2008.

    
    Highlights include:

    -   Hole TDD254 intersected 23.00 metres grading 9.03 g/t Au from
        155.00 metres
    -   Hole TDD255 intersected 69.86 metres grading 2.75 g/t Au from
        0.00 metres
    -   Hole TDD262 intersected 80.00 metres grading 2.55 g/t Au from
        44.00 metres
    -   Hole TDD264 intersected 143.00 metres grading 2.47 g/t Au from
        114.00 metres
    -   Hole TDD265 intersected 106.00 metres grading 2.62 g/t Au from
        182.00 metres
    -   Hole TDD270 intersected 59.30 metres grading 2.09 g/t Au from
        1.70 metres
    -   Hole TDD274 intersected 27.80 metres grading 4.59 g/t Au from
        59.20 metres
    -   Hole TDD284 intersected 80.00 metres grading 2.04 g/t Au from
        169.00 metres
    -   Hole TDD284 intersected 26.37 metres grading 5.22 g/t Au from
        310.00 metres
    -   Hole TDD288 intersected 85.00 metres grading 2.03 g/t Au from
        222.00 metres
    

    The Company has now completed its current drilling program at Twangiza,
the objective of which is to upgrade mineral resources into the Measured and
Indicated Resource categories with the goal of determining ore reserves as
part of the full feasibility study which is due for completion in January
2009. Assay results for an additional 16 core holes are pending.
    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 and EDGAR at www.sec.gov).
    Commenting on the drilling results at Twangiza, Mike Prinsloo, President
and C.E.O. of the Company, said: "These holes provide further evidence and
confidence that the drilling results should contribute to an increase in the
Measured and Indicated Resources at Twangiza, as well as an increase in the
Proven and Probable Reserves to be incorporated into the full feasibility
study for Twangiza, due for completion in January 2009."

    
    -------------------------------------------------------------------------
                                                        MINERALIZATION
                                                -----------------------------
    HOLE  EASTING  NORTHING  AZIMUTH INCLINATION FROM     TO    WIDTH    Au
           (UTM)     (UTM)  (degrees) (degrees)   (m)     (m)    (m)    (g/t)
    -------------------------------------------------------------------------
    TDD248 692826  9684548        70       -69  134.90  138.00   3.10  10.36
    -------------------------------------------------------------------------
    TDD249 693327  9682908        70       -62   34.17   45.25  11.08   2.89
                                                -----------------------------
                                                 81.43   87.00   5.57   1.00
                                                -----------------------------
                                                 91.00   94.44   3.44   0.84
                                                -----------------------------
                                                 97.00  101.00   4.00   3.37
                                                -----------------------------
                                                119.54  127.54   8.00   1.46
                                                -----------------------------
                                                133.92  136.92   3.00   0.57
                                                -----------------------------
                                                138.92  141.97   3.05   1.14
                                                -----------------------------
                                                147.97  150.97   3.00   0.63
                                                -----------------------------
                                                152.97  172.00  19.03   2.00
                                                -----------------------------
                                                209.00  210.87   1.87   0.87
                                                -----------------------------
                                                305.70  308.00   2.30   2.94
    -------------------------------------------------------------------------
    TDD250 692789  9684271        70       -60   89.00   90.00   1.00   2.52
    -------------------------------------------------------------------------
    TDD251 693168  9683107        70       -58   89.80   91.00   1.20   0.65
                                                -----------------------------
                                                137.25  142.11   4.86   1.06
                                                -----------------------------
                                                186.50  192.00   5.50   2.34
                                                -----------------------------
                                                195.00  196.00   1.00   2.42
                                                -----------------------------
                                                210.00  216.00   6.00   2.07
    -------------------------------------------------------------------------
    TDD252 692923  9683109        70       -57   13.00   14.00   1.00   8.05
                                                -----------------------------
                                                 18.00   19.00   1.00   3.54
                                                -----------------------------
                                                 55.68   56.68   1.00   2.13
                                                -----------------------------
                                                 96.00  107.00  11.00   0.60
                                                -----------------------------
                                                127.77  130.77   3.00   0.87
                                                -----------------------------
                                                217.64  222.00   4.36   1.42
    -------------------------------------------------------------------------
    TDD253 693732  9682108        70       -54    9.50   50.00  40.50   1.30
                                                -----------------------------
                                                 97.00   98.00   1.00   2.53
                                                -----------------------------
                                                185.00  186.00   1.00   1.99
    -------------------------------------------------------------------------
    TDD254 692826  9684548        70       -77  155.00  178.00  23.00   9.03
    -------------------------------------------------------------------------
    TDD255 693472  9682592        70       -57    0.00   69.86  69.86   2.75
                                                -----------------------------
                                                 77.30   79.86   2.56   2.40
                                                -----------------------------
                                                 91.50   92.50   1.00   1.99
                                                -----------------------------
                                                100.43  101.43   1.00   1.49
                                                -----------------------------
                                                113.43  116.00   2.57   1.51
                                                -----------------------------
                                                119.00  122.00   3.00   1.80
                                                -----------------------------
                                                125.00  131.00   6.00   2.05
                                                -----------------------------
                                                135.00  137.60   2.60   1.61
                                                -----------------------------
                                                155.50  160.50   5.00   0.82
                                                -----------------------------
                                                168.42  169.42   1.00   1.11
                                                -----------------------------
                                                172.00  173.00   1.00   1.46
                                                -----------------------------
                                                175.00  180.00   5.00   1.17
                                                -----------------------------
                                                185.00  187.00   2.00   2.06
                                                -----------------------------
                                                189.00  193.00   4.00   0.66
                                                -----------------------------
                                                202.00  205.00   3.00   0.72
                                                -----------------------------
                                                214.00  215.00   1.00   1.22
    -------------------------------------------------------------------------
    TDD256 693584  9682622        70       -60    0.00   31.30  31.30   2.71
                                                -----------------------------
                                                 35.30   52.00  16.70   1.77
                                                -----------------------------
                                                 56.55   72.00  15.45   0.94
                                                -----------------------------
                                                 76.10  100.00  23.90   1.28
                                                -----------------------------
                                                118.60  123.23   4.63   0.75
                                                -----------------------------
                                                181.50  182.50   1.00   2.01
    -------------------------------------------------------------------------
    TDD257 693255  9682406        70       -53    0.00    2.00   2.00   1.14
                                                -----------------------------
                                                  7.00    9.00   2.00   2.04
                                                -----------------------------
                                                 15.00   18.00   3.00   0.83
                                                -----------------------------
                                                 46.00   49.00   3.00   0.57
                                                -----------------------------
                                                 58.00   65.17   7.17   0.55
                                                -----------------------------
                                                176.00  177.00   1.00   1.76
                                                -----------------------------
                                                206.40  208.42   2.02   2.43
                                                -----------------------------
                                                219.15  222.69   3.54   1.08
                                                -----------------------------
                                                237.00  238.00   1.00   1.04
                                                -----------------------------
                                                241.00  242.50   1.50   0.61
    -------------------------------------------------------------------------
    TDD258 693391  9682802        70       -51    0.00    2.00   2.00   0.91
                                                -----------------------------
                                                 66.00   74.00   8.00   1.82
                                                -----------------------------
                                                 78.00   81.00   3.00   1.21
                                                -----------------------------
                                                 94.00  108.00  14.00   0.76
                                                -----------------------------
                                                114.00  120.00   6.00   1.13
                                                -----------------------------
                                                125.70  132.00   6.30   0.69
                                                -----------------------------
                                                149.00  157.00   8.00   1.60
    -------------------------------------------------------------------------
    TDD259 692868  9684605        70       -74   23.00   56.92  33.92   2.06
                                                -----------------------------
                                                 60.00   64.00   4.00   2.93
                                                -----------------------------
                                                 67.00   69.00   2.00   2.15
    -------------------------------------------------------------------------
    TDD260 693354  9682331        70       -51   27.00   31.00   4.00   0.58
                                                -----------------------------
                                                 34.00   36.00   2.00   4.40
                                                -----------------------------
                                                 71.00   80.00   9.00   0.56
                                                -----------------------------
                                                 88.00   96.00   8.00   0.99
                                                -----------------------------
                                                113.00  114.00   1.00   3.51
                                                -----------------------------
                                                122.00  123.00   1.00   1.86
                                                -----------------------------
                                                139.00  140.00   1.00   1.13
                                                -----------------------------
                                                190.80  198.40   7.60   1.16
                                                -----------------------------
                                                204.00  209.00   5.00   2.06
                                                -----------------------------
                                                215.00  257.00  42.00   2.03
                                                -----------------------------
                                                267.00  286.00  19.00   0.85
                                                -----------------------------
                                                290.00  294.76   4.76   1.01
                                                -----------------------------
                                                319.00  320.00   1.00   5.80
                                                -----------------------------
                                                357.00  361.00   4.00   0.99
                                                -----------------------------
                                                373.00  377.00   4.00   1.68
    -------------------------------------------------------------------------
    TDD261 693712  9682063        70       -50    5.95    7.00   1.05   0.87
                                                -----------------------------
                                                 25.63   34.00   8.37   1.46
                                                -----------------------------
                                                149.00  150.00   1.00   0.60
    -------------------------------------------------------------------------
    TDD262 693567  9682319        70       -53    0.00   41.00  41.00   2.25
                                                -----------------------------
                                                 44.00  124.00  80.00   2.55
                                                -----------------------------
                                                133.00  140.00   7.00   1.82
                                                -----------------------------
                                                146.00  158.00  12.00   1.14
                                                -----------------------------
                                                173.00  174.00   1.00   1.71
    -------------------------------------------------------------------------
    TDD263 693260  9682381        70       -53   18.10   25.00   6.90   0.72
                                                -----------------------------
                                                 76.00   88.45  12.45   0.67
    -------------------------------------------------------------------------
    TDD264 693585  9682015        70       -51   60.42   61.42   1.00   1.22
                                                -----------------------------
                                                 65.00   76.57  11.57   0.90
                                                -----------------------------
                                                 80.37   83.00   2.63   1.41
                                                -----------------------------
                                                101.70  110.00   8.30   1.30
                                                -----------------------------
                                                114.00  257.00 143.00   2.47
                                                -----------------------------
                                                263.00  264.00   1.00   1.44
    -------------------------------------------------------------------------
    TDD265 693621  9681994        70       -61   33.00   38.00   5.00   1.10
                                                -----------------------------
                                                 52.00   88.00  36.00   1.41
                                                -----------------------------
                                                129.00  133.00   4.00   0.58
                                                -----------------------------
                                                137.00  145.00   8.00   0.54
                                                -----------------------------
                                                148.00  159.00  11.00   3.48
                                                -----------------------------
                                                182.00  288.00 106.00   2.62
                                                -----------------------------
                                                336.00  339.00   3.00   0.93
    -------------------------------------------------------------------------
    TDD267 693246  9682509        70       -60  No Significant Intersection
    -------------------------------------------------------------------------
    TDD268 693493  9682665        70       -59    0.00   66.00  66.00   6.75
                                                -----------------------------
                                                 70.43   95.00  24.57   1.21
                                                -----------------------------
                                                 98.00  108.00  10.00   1.44
                                                -----------------------------
                                                113.00  114.00   1.00   1.00
                                                -----------------------------
                                                117.00  121.00   4.00   1.15
                                                -----------------------------
                                                125.00  138.11  13.11   0.89
    -------------------------------------------------------------------------
    TDD269 693303  9682930        70       -56   45.80   47.38   1.58   2.84
                                                -----------------------------
                                                 70.00   71.00   1.00   1.38
                                                -----------------------------
                                                 91.50   92.68   1.18   0.77
                                                -----------------------------
                                                101.00  103.00   2.00   1.83
                                                -----------------------------
                                                107.00  126.00  19.00   2.82
                                                -----------------------------
                                                142.00  158.00  16.00   1.73
    -------------------------------------------------------------------------
    TDD270 693554  9682642        70       -57    1.70   61.00  59.30   2.09
                                                -----------------------------
                                                107.65  113.90   6.25   0.80
                                                -----------------------------
                                                117.00  120.00   3.00   1.02
                                                -----------------------------
                                                127.14  132.00   4.86   0.75
                                                -----------------------------
                                                142.00  143.45   1.45   2.27
                                                -----------------------------
                                                146.42  149.00   2.58   0.88
                                                -----------------------------
                                                150.75  153.41   2.66   0.69
    -------------------------------------------------------------------------
    TDD271 693287  9683009        70       -64   18.00   20.20   2.20   1.40
                                                -----------------------------
                                                 48.35   61.25  12.90   1.78
                                                -----------------------------
                                                 64.00   66.86   2.86   1.78
                                                -----------------------------
                                                 75.70   77.00   1.30   0.61
                                                -----------------------------
                                                 92.00   94.00   2.00   0.83
                                                -----------------------------
                                                105.00  108.25   3.25   0.95
                                                -----------------------------
                                                118.00  119.00   1.00   1.16
                                                -----------------------------
                                                133.62  140.00   6.38   1.96
                                                -----------------------------
                                                149.87  154.45   4.58   1.12
                                                -----------------------------
                                                160.00  170.92  10.92   2.39
    -------------------------------------------------------------------------
    TDD272 693392  9682388        70       -53  No Significant Intersection
    -------------------------------------------------------------------------
    TDD273 693570  9682933        70       -60   10.40   23.00  12.60   1.14
                                                -----------------------------
                                                 28.50   29.85   1.35   1.38
                                                -----------------------------
                                                 39.00   41.35   2.35   0.94
                                                -----------------------------
                                                 83.00   84.00   1.00   1.18
    -------------------------------------------------------------------------
    TDD274 693603  9682290        70       -53    0.00   31.00  31.00   1.51
                                                -----------------------------
                                                 37.00   43.00   6.00   1.04
                                                -----------------------------
                                                 49.00   53.00   4.00   1.64
                                                -----------------------------
                                                 59.20   87.00  27.80   4.59
                                                -----------------------------
                                                 91.00  110.00  19.00   0.68
                                                -----------------------------
                                                115.32  117.00   1.68   6.42
                                                -----------------------------
                                                221.00  223.00   2.00   0.90
                                                -----------------------------
                                                255.00  258.20   3.20   1.21
    -------------------------------------------------------------------------
    TDD275 693392  9682388        70       -58    0.00   40.00  40.00   1.84
                                                -----------------------------
                                                    43      46   3.00   2.14
                                                -----------------------------
                                                 52.00   58.00   6.00   0.51
                                                -----------------------------
                                                 67.50   72.00   4.50   0.69
                                                -----------------------------
                                                102.00  103.00   1.00   1.06
                                                -----------------------------
                                                114.00  115.00   1.00   1.21
                                                -----------------------------
                                                118.45  120.00   1.55   0.99
                                                -----------------------------
                                                126.48  128.00   1.52   0.77
                                                -----------------------------
                                                144.00  148.00   4.00   0.57
                                                -----------------------------
                                                151.00  155.00   4.00   1.00
                                                -----------------------------
                                                160.00  168.65   8.65   1.74
                                                -----------------------------
                                                179.65  230.00  50.35   2.13
                                                -----------------------------
                                                239.00  266.00  27.00   1.40
                                                -----------------------------
                                                269.00  271.28   2.28   5.86
                                                -----------------------------
                                                276.00  282.00   6.00   0.51
    -------------------------------------------------------------------------
    TDD276 693826  9682579        70       -73  108.00  113.60   5.60   0.72
    -------------------------------------------------------------------------
    TDD277 693322  9683157        70       -54    6.00    8.33   2.33   0.63
                                                -----------------------------
                                                 37.00   38.00   1.00   1.82
                                                -----------------------------
                                                 47.00   51.00   4.00   1.11
    -------------------------------------------------------------------------
    TDD278 693436  9682132        70       -54   12.94   16.00   3.06   1.30
                                                -----------------------------
                                                 70.00   75.20   5.20   3.85
                                                -----------------------------
                                                 80.72   94.00  13.28   1.30
                                                -----------------------------
                                                 96.00  115.00  19.00   0.62
                                                -----------------------------
                                                120.00  126.00   6.00   3.81
                                                -----------------------------
                                                129.00  131.40   2.40   0.80
                                                -----------------------------
                                                149.00  168.00  19.00   0.65
                                                -----------------------------
                                                181.00  189.00   8.00   1.67
                                                -----------------------------
                                                195.00  206.00  11.00   4.29
                                                -----------------------------
                                                210.00  211.00   1.00   1.19
                                                -----------------------------
                                                226.00  233.00   7.00   4.26
                                                -----------------------------
                                                237.00  240.00   3.00   0.72
                                                -----------------------------
                                                283.37  288.00   4.63   1.17
                                                -----------------------------
                                                294.00  295.00   1.00   1.89
                                                -----------------------------
                                                298.00  301.00   3.00   1.04
                                                -----------------------------
                                                306.00  312.00   6.00   1.36
                                                -----------------------------
                                                315.00  336.00  21.00   0.94
                                                -----------------------------
                                                339.00  355.00  16.00   1.43
                                                -----------------------------
                                                362.00  370.50   8.50   4.27
                                                -----------------------------
                                                386.00  395.50   9.50   1.10
                                                -----------------------------
                                                399.00  424.29  25.29   1.14
    -------------------------------------------------------------------------
    TDD279 693580  9682743        70       -68    0.00    3.00   3.00   0.76
                                                -----------------------------
                                                 73.00   75.00   2.00   0.80
    -------------------------------------------------------------------------
    TDD280 693308  9682358        70       -60    0.00   14.00  14.00   0.97
                                                -----------------------------
                                                 20.00   21.00   1.00   1.42
                                                -----------------------------
                                                 29.00   35.00   6.00   0.85
                                                -----------------------------
                                                 37.65   40.47   2.82   1.39
                                                -----------------------------
                                                 45.47   48.47   3.00   2.41
                                                -----------------------------
                                                 70.00   82.00  12.00   2.20
                                                -----------------------------
                                                 87.00   96.00   9.00   1.04
                                                -----------------------------
                                                109.00  111.00   2.00   0.72
                                                -----------------------------
                                                143.00  144.20   1.20   0.64
                                                -----------------------------
                                                154.00  158.00   4.00   0.64
                                                -----------------------------
                                                198.64  208.74  10.10   0.72
                                                -----------------------------
                                                211.74  214.40   2.66   0.64
    -------------------------------------------------------------------------
    TDD281 693221  9683071        70       -60   49.30   50.30   1.00  12.70
                                                -----------------------------
                                                 75.50   78.75   3.25   0.93
                                                -----------------------------
                                                 82.75   84.70   1.95   3.06
                                                -----------------------------
                                                 87.30   92.50   5.20   2.45
    -------------------------------------------------------------------------
    TDD282 693528  9682809        70       -64    2.00   42.00  40.00   2.68
                                                -----------------------------
                                                 68.80   73.00   4.20   0.76
                                                -----------------------------
                                                 78.00   79.80   1.80   0.61
                                                -----------------------------
                                                 99.85  101.00   1.15   0.58
    -------------------------------------------------------------------------
    TDD283 693430  9682225        70       -51   32.10   50.60  18.50   1.17
                                                -----------------------------
                                                 62.00   68.00   6.00   1.49
                                                -----------------------------
                                                 76.70   80.50   3.80   4.47
                                                -----------------------------
                                                 86.00   88.50   2.50   1.26
    -------------------------------------------------------------------------
    TDD284 693496  9682152        70       -53    0.00   11.00  11.00   1.81
                                                -----------------------------
                                                 14.00   16.00   2.00   0.98
                                                -----------------------------
                                                 45.00   47.00   2.00   0.56
                                                -----------------------------
                                                 50.00   55.00   5.00   2.06
                                                -----------------------------
                                                 67.00  112.00  45.00   1.61
                                                -----------------------------
                                                116.00  135.45  19.45   2.74
                                                -----------------------------
                                                169.00  249.00  80.00   2.04
                                                -----------------------------
                                                254.00  258.00   4.00   3.11
                                                -----------------------------
                                                265.00  266.00   1.00   3.68
                                                -----------------------------
                                                279.00  297.00  18.00   0.84
                                                -----------------------------
                                                302.00  307.00   5.00   1.02
                                                -----------------------------
                                                310.00  336.37  26.37   5.22
                                                -----------------------------
                                                348.00  358.50  10.50   0.65
    -------------------------------------------------------------------------
    TDD285 693335  9682253        70       -52   46.45   52.00   5.55   0.67
                                                -----------------------------
                                                 58.20   60.00   1.80   0.66
                                                -----------------------------
                                                 69.80   73.00   3.20   0.71
                                                -----------------------------
                                                113.75  115.70   1.95   0.72
                                                -----------------------------
                                                117.27  120.12   2.85   0.56
                                                -----------------------------
                                                128.65  136.00   7.35   0.68
    -------------------------------------------------------------------------
    TDD286 693566  9682775        70       -71    0.00   25.00  25.00   1.91
                                                -----------------------------
                                                 80.00   90.00  10.00   0.91
                                                -----------------------------
                                                103.00  106.00   3.00   0.72
                                                -----------------------------
                                                119.00  121.00   2.00   0.80
    -------------------------------------------------------------------------
    TDD287 693498  9682208        70       -50   11.60   64.00  52.40   1.26
                                                -----------------------------
                                                 69.00   76.00   7.00   0.61
                                                -----------------------------
                                                 78.00   85.00   7.00   2.91
                                                -----------------------------
                                                 94.00   97.00   3.00   2.16
                                                -----------------------------
                                                121.00  141.77  20.77   1.09
                                                -----------------------------
                                                146.00  164.47  18.47   2.28
                                                -----------------------------
                                                168.57  172.96   4.39   0.93
                                                -----------------------------
                                                177.30  179.95   2.65   1.52
                                                -----------------------------
                                                192.00  199.00   7.00   1.92
                                                -----------------------------
                                                201.78  226.14  24.36   3.41
                                                -----------------------------
                                                233.00  235.76   2.76   1.15
                                                -----------------------------
                                                238.55  247.30   8.75   0.76
                                                -----------------------------
                                                252.15  261.30   9.15   1.03
                                                -----------------------------
                                                270.00  272.00   2.00   5.51
                                                -----------------------------
                                                277.00  279.00   2.00   0.71
                                                -----------------------------
                                                281.69  294.20  12.51   3.16
                                                -----------------------------
                                                297.20  299.70   2.50   1.37
                                                -----------------------------
                                                301.87  303.78   1.91   6.18
                                                -----------------------------
                                                315.00  317.50   2.50   1.14
                                                -----------------------------
                                                321.84  326.00   4.16   1.89
                                                -----------------------------
                                                331.71  334.71   3.00   0.68
    -------------------------------------------------------------------------
    TDD288 693429  9682225        70       -55   16.00   17.10   1.10   0.56
                                                -----------------------------
                                                 25.57   28.00   2.43   1.08
                                                -----------------------------
                                                 34.00   38.00   4.00   0.67
                                                -----------------------------
                                                 41.02   50.00   8.98   1.60
                                                -----------------------------
                                                 62.00   63.00   1.00   2.00
                                                -----------------------------
                                                 66.00   68.00   2.00   0.74
                                                -----------------------------
                                                 77.00   84.00   7.00   4.55
                                                -----------------------------
                                                 88.14   90.09   1.95   8.91
                                                -----------------------------
                                                111.54  118.00   6.46   0.74
                                                -----------------------------
                                                122.00  128.00   6.00   0.69
                                                -----------------------------
                                                138.00  144.00   6.00   0.75
                                                -----------------------------
                                                147.61  153.00   5.39   1.10
                                                -----------------------------
                                                156.00  163.00   7.00   0.78
                                                -----------------------------
                                                183.84  192.00   8.16   1.27
                                                -----------------------------
                                                196.00  203.00   7.00   1.34
                                                -----------------------------
                                                209.40  215.00   5.60   0.80
                                                -----------------------------
                                                222.00  307.00  85.00   2.03
                                                -----------------------------
                                                323.68  334.20  10.52   1.76
                                                -----------------------------
                                                338.20  345.00   6.80   2.95
                                                -----------------------------
                                                357.52  366.92   9.40   0.81
                                                -----------------------------
                                                370.92  385.84  14.92   1.82
                                                -----------------------------
                                                405.00  419.00  14.00   1.23
    -------------------------------------------------------------------------
    TDD289 692926  9684318        70        -80  16.50   30.00  13.50   3.66
                                                -----------------------------
                                                 91.00  105.60  14.60   2.55
                                                -----------------------------
                                                115.60  123.00   7.40   6.26
    -------------------------------------------------------------------------
    TDD290 693359  9683030        70       -66   36.80   75.70  38.90   3.60
    -------------------------------------------------------------------------

    Holes are uncut
    

    A locality plan of the reported drill holes can also be found on the
Company's web site at http://www.banro.com/i/pdf/2008-10-29_NRM.pdf.

    Core holes were inclined at between minus 50 and 80 degrees and averaged
223 metres in depth with a maximum down-hole depth of 453 metres. Core
recovery for these holes averaged 89.6% 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 August 13, 2008, and entitled
"Pre-Feasibility Study 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 and EDGAR at www.sec.gov.

    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), uncertainties relating
to the availability and costs of financing needed in the future, 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, 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

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890