Banro Intersects Significant Gold Mineralization in Trenches on its Kamituga Project

Banro Corporation

announces positive initial exploration results from the Company's wholly-owned Kamituga project, located on the Twangiza-Namoya gold belt in the Democratic Republic of the Congo. Highlights of the initial trench results received from the Mobale and Kibukila prospects at Kamituga are 18.0 metres grading 3.06 g/t Au in trench MOB-CH1, 22.00 metres grading 2.14 g/t Au in trench MOB-CH5, 32.0 metres grading 2.36 g/t Au from trench KIB-T1 and 51.0 metres grading 2.65 g/t Au from trench KIB-T2. The Kamituga project is located approximately 100 kilometers south west of the city of Bukavu, South Kivu Province, in the eastern DRC. The project comprises three wholly-owned exploitation permits covering an area of 649 square kilometers. The Kamituga project is contagious to Banro's Twangiza (northeast) and Lugushwa (southwest) properties along the northeast trending Twangiza-Namoya gold belt.