Banro provides update on share trading activity

    TORONTO, June 1 /CNW/ - At the request of Market Surveillance on behalf
of the Toronto Stock Exchange, Banro Corporation ("Banro" or the "Company")
(TSX - "BAA"; NYSE AMEX - "BAA") is providing an update to investors on the
recent trading activity in the Company's shares. There have been no material
changes to report to explain the recent volatility in the Company's share
    The Company is currently optimizing the results of its Feasibility Study
of its wholly-owned Twangiza gold project using the results of further
metallurgical testwork and updating materials and energy costs and other input
parameters pertinent to the Feasibility Study. The Company is reviewing
options for the financing of the development of the Twangiza project.

    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 Democratic Republic of the Congo. 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.

For further information:

For further information: please visit our website at, 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

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