Banro Provides Exploration Update for Projects in the DRC,

Banro Provides Exploration Update for Projects in the DRC, Including
Significant Drill Intersections at Namoya, Lugushwa and Kamituga 
- Drill results at Namoya include 47.00 metres grading 7.20 g/t Au,
6.95 metres grading 43.30 g/t Au including 2.55 metres grading 72.18
g/t Au and 32.00 metres grading 8.55g/t Au 
- Drill results at Lugushwa include 15.00 metres grading 8.43 g/t Au,
19.30 metres grading 4.04 g/t Au, 19 metres grading 3.64 g/t Au, 5
metres grading 9.65 g/t Au and 71.90 metres grading 2.11 g/t Au 
- Drill results from Kamituga include 36.00 metres grading 3.08 g/t
Au, 16.30 metres grading 3.02 g/t Au and 7.00 metres grading 10.74
g/t Au 
- A complete update of Banro's Resources and Reserves will be
published in the New Year. 
TORONTO, ONTARIO -- (Marketwire) -- 11/15/12 -- Banro Corporation
("Banro" or the "Company") (TSX:BAA)(NYSE Amex:BAA)(NYSE MKT:BAA) is
pleased to provide the following update on its exploration activities
at its wholly-owned projects on the Twangiza-Namoya gold belt in the
Democratic Republic of the Congo (the "DRC"). Exploration drilling at
the four core projects - Twangiza, Namoya, Lugushwa and Kamituga -
over the past ten months supports positive upgrades to oxide and
free-milling ounces in line with the core strategy of the Company, as
well as expanding the current drill programs following recent drill
results.  
During the year to date, the Company has made significant progress
with its exploration activities at its Twangiza, Namoya, Lugushwa and
Kamituga exploitation permit areas with the objective of growing
Company's mineral resources, specifically the oxide and free-milling
materials. Exploration activities focused on early stage target
generation as well as the delineation and definition of mineral
resources. The exploration activities included: gridding, mapping,
soil sampling, stream sediment and rock chip sampling, trenching,
auger drilling, diamond drilling and reverse circulation (RC)
drilling, with a total of 163 drill holes totalling 17,729.35 metres
completed during the past ten months. In addition to the work
undertaken on the four core projects, desktop studies were initiated
on the 14 exploration permit areas, including interpretation and
updating of geophysical and geological maps for a
ll the projects.  
"Banro's objectives for 2012 included increasing the confidence level
of existing mineral resources as well as expanding the overall oxide
and free-milling mineral resource base, particularly in areas where
we have or will have mining infrastructure - currently the Twangiza
and Namoya projects," commented CEO Simon Village. "These new drill
results from the Namoya project clearly indicate the potential for a
larger and more robust mineral resource than we had originally
expected based on our previous knowledge of this area. At Lugushwa,
the significantly higher grades and mineralized widths have warranted
an increase in the exploration budget for this project. Our initial
drilling at Kamituga has also generated significant results, with
excellent widths and grades, as well as a base of oxidization
extending to 120 metres from surface over an expansive strike length.
This new information justifies a consideration for re-prioritization
of our roster of development and exploration of these projects going
forward, with a view to maximizing the return on capital and
enterprise value for this Company." 
Namoya 
Field work during 2012 has focused on:  


 
--  Exploration drilling at Namoya Summit-Filon B, Namoya Summit extension,
    Filon B, and Seketi, 
--  Infill resource drilling on the Mwendamboko, Kakula, Namoya Summit and
    Muviringu deposits, 
--  Deep drilling to assess the economic potential of the primary ore, 
--  Trenching and auger drilling to follow-up on new targets. 

 
A total of 52 diamond holes representing 4,999.90 metres have been
drilled during the year. Together with holes drilled in 2011,
analytical results have been received for a total of 92 core holes
which have been drilled at Namoya since the previous drilling update
in June 2011.  
Highlights of the 2012 drill program at Namoya include:  


 
--  Hole NDD248 intersected 8.75 metres grading 10.93 g/t Au from 63.00
    metres including 0.80 metres grading 100 g/t Au from 69.00 metres 
--  Hole NDD257 intersected 17.62 metres grading 8.28 g/t Au from 117.45
    metres and 13.48 metres grading 11.76 g/t Au from 148.77 metres 
--  Hole NDD258 intersected 18.50 metres grading 3.27 g/t Au from 17.70
    metres 
--  Hole NDD269 intersected 19.80 metres grading 3.60 g/t Au from 40.50
    metres including 1.70 metres grading 10.88 g/t Au from 40.50 metres and
    1.57 metres grading 19.37 g/t Au from 43.43 metres 
--  Hole NDD277 intersected 6.95 metres grading 43.30 g/t Au from 213.55
    metres including 2.55 metres grading 72.18 g/t Au from 214.45 metres 
--  Hole NDD281 intersected 4.62 metres grading 10.84 g/t Au from 92.72
    metres including 1.34 metres grading 35.89 g/t Au from 96.00 metres 
--  Hole NDD318 intersected 47.00 metres grading 7.20 g/t Au from 52.60
    metres including 6.08 metres grading 11.52 g/t Au from 56.87 metres,
    6.25 metres grading 10.89 g/t Au from 64.60 metres, and 5.15 metres
    grading 11.27 g/t Au from 72.85 metres 
--  Hole NDD320 intersected 6.70 metres grading 18.57 g/t Au from 13.00
    metres including 1.00 metre grading 90.30 g/t Au from 16.00 metres 
--  Hole NDD328 intersected 32.00 metres grading 8.55 g/t Au from 40.00
    metres including 0.60 metres grading 55.80 g/t Au from 69.52 metres and
    1.05 metres grading 52.56 g/t Au from 70.95 metres 
--  Hole NDD332 intersected 14.86 metres grading 8.10 g/t Au from 22.00
    metres including 1.00 metre grading 96.30 g/t Au from 27.00 metres 
--  Hole NDD333 intersected 11.80 metres grading 4.24 g/t Au from 67.70
    metres 
--  Hole NDD334 intersected 15.00 metres grading 8.43 g/t Au from 101.00
    metres including 3.75 metres grading 18.49 g/t Au from 102.00 metres  

 
"These positive drill results, including some of the highest grades
intersected to date at Namoya, have the potential to add
significantly to the Namoya mineral resources, which we expect to
update in Q1 2013," commented Dan Bansah, Banro Vice President,
Exploration. "This will enhance the current project economics as well
as improve the prospects of expanding the project beyond the Phase I
construction, which is planned to be completed mid 2013." 
The current drilling program is part of the infill and extension
drilling being undertaken at Namoya with the objective of upgrading
inferred mineral resources into the higher confidence resource
categories so that open pit ore reserves can be determined and
mineralization at depth can be evaluated as part of the preliminary
economic assessment for the primary non refractory material. In
addition, part of the drilling program aimed to test near surface
exploration targets with the objective of generating additional
transition and oxide resources for the Namoya heap leach project. Two
core drilling rigs are now in operation at Namoya to complete the
drilling programs. 
See Figure 1, a locality plan of the reported drill holes and Table 1
for Namoya drill results.  
To view "Figure 1 - Location map for Namoya drill results," please
visit the following link:
http://media3.marketwire.com/docs/banro_nov15_fig1.pdf 
To view "Table 1 - Namoya drill results," please visit the following
link: http://media3.marketwire.com/docs/banro_nov15_table1.pdf 
An assessment of the reso
urce potential of the higher-grade primary
material is underway to determine its economic viability. At the same
time, the comprehensive deep drilling program is underway to
determine the down-dip potential of the open ended higher-grade
material intersected at Mwendamboko, Muviringu, Namoya Summit and
Filon B. A total of 10,000 metres of diamond drilling has been
planned. The Company believes this drilling program should be
sufficient to complete the economic assessment for the Namoya Phase
II Project.  
Namoya currently has an estimated measured and indicated mineral
resource of 1.58 million ounces of gold (24.77 million tonnes grading
1.99 g/t Au) and inferred mineral resource of 0.44 million ounces of
gold (9.47 million tonnes grading 1.44 g/t Au). These mineral
resources were determined using the assay results from 295 drill
holes totaling 43,502 metres together with extensive sampling of old
mine adits - along the 2.5 km long, northwest trending mineralized
zone which hosts the four main deposits of Mwendamboko, Muviringu,
Kakula and Namoya Summit.  
Additional information with respect to Namoya is contained in the
technical report of Venmyn Rand (Pty) Ltd dated January 24, 2012 and
entitled "National Instrument 43-101 Independent Technical Report on
the Namoya Gold Project, Maniema Province, Democratic Republic of the
Congo". A copy of this report can be obtained from SEDAR at
www.sedar.com and EDGAR at www.sec.gov. 
Lugushwa 
At Lugushwa, field activities in 2012 have focused on auger drilling,
surface mapping and regolith sampling. In July, the Company mobilised
two diamond drill rigs to undertake a 5,000 metre shallow delineation
and definition drilling to outline additional oxide resources. 
The auger drilling program aimed at defining the extension of the
near surface mineralization of the identified targets. The regolith
sampling and mapping activity aimed at defining the near surface
mineralization as well as to improve the Company's understanding of
the geology and thereby increase confidence in the delineated oxide
resource. A total of 429 auger holes representing 2,403.70 metres
have been completed.  
During 2012 and up to the time of this release, 5,185.25 metres of
shallow core holes were drilled. Assay results have been received for
89 core drill holes completed at Lugushwa from 2011 to date. The
objectives of the drilling programs are to delineate extensions to
the known mineralization and upgrade inferred mineral resources to
the indicated mineral resource category for inclusion in the update
of the overall mineral resource anticipated for early 2013.  
Highlights of the 2012 drill program at Lugushwa include: 


 
--  Hole LDD119 intersected 71.90 metres grading 2.11 g/t Au from 0.00
    metres, 
--  Hole LDD129 intersected 19.00 metres grading 3.85 g/t Au from 0.00
    metres, 
--  Hole LDD129 intersected 23.00 metres grading 2.09 g/t Au from 24.00
    metres, 
--  Hole LDD132 intersected 22.60 metres grading 2.20 g/t Au from 17.10
    metres, 
--  Hole LDD133 intersected 5.00 metres grading 9.65 g/t Au from 35.60
    metres, 
--  Hole LDD137 intersected 31.90 metres grading 1.89 g/t Au from 0.00
    metres, 
--  Hole LDD145 intersected 31.51 metres grading 2.11 g/t Au from 16.20
    metres, 
--  Hole LDD153 intersected 8.90 metres grading 5.45 g/t Au from 14.50
    metres, 
--  Hole LDD164 intersected 3.70 metres grading 93.70 g/t Au from 24.15
    metres, 
--  Hole LDD170 intersected 12.50 metres grading 3.78 g/t Au from 0.00
    metres, 
--  Hole LDD174 intersected 19.30 metres grading 4.04 g/t Au from 7.70
    metres, 
--  Hole LDD177 intersected 15.25 metres grading 2.78 g/t Au from 8.75
    metres, 
--  Hole LDD178 intersected 43.00 metres grading 1.31 g/t Au from 0.00
    metres, 
--  Hole LDD179 intersected 3.00 metres grading 24.29 g/t Au from 0.00
    metres. 

 
Results from all the reported drill core holes, which demonstrate a
range of values, are tabulated in Table 2. See Figure 2 for a
locality plan of the reported drill holes.  
To view "Figure 2 - Location map for Lugushwa drill program," please
visit the following link:
http://media3.marketwire.com/docs/banro_nov15_fig2.pdf 
To view "Table 2 - Lugushwa drill results," please visit the
following link:
http://media3.marketwire.com/docs/banro_nov15_table2.pdf 
This update is from the period October 2011 to date. During this
period, the Company's initial target of carrying out a preliminary
economic assessment ("PEA") of the Lugushwa property was deferred,
but owing to the above high grade intersections, which justified
further drilling, an expanded exploration budget is warranted. From
2009 to 2010, exploration work carried out in the Lugushwa project
was limited to auger drilling and trenching. No core drilling was
undertaken in the course of this earlier program, and as such, the
recent drilling presents encouraging new information in terms of the
potential grades at this deposit. 
In 2011, following delineation of several targets driven by a new
understanding of the nature of the Lugushwa mineralization, a shallow
drilling program focused on delineating additional oxide resources
was undertaken over the Mpongo, Carriere A, G7 and Kimbangu prospects
and the G20 and D18 deposits. In addition, two new prospects of G8
(located about 7 kilometres NE of D18) and Minkumbu (located 5
kilometres SW of D18) were advanced by auger drilling, trenching and
geological mapping. 
In 2012, a 5,000 metre shallow core drilling program was undertaken
to delineate inferred mineral resources from the extensions to the
various prospects along the Kimbangu-Mpongo trend. These include the
D18 village area along the north eastern plunge at D18, the G21 area
south of the G20 main workings, G7, Mpongo and Carriere A south,
where several mineralized zones were open ended along strike and down
dip. In addition, a first pass drilling was undertaken in the new
prospects of G8 and Minkumbu. 
In 2011, 46 core drill holes were completed representing 3,375.69
metres, while in 2012, 43 core holes totalling 5,185.25 metres were
drilled. The objective of the program undertaken this year is to grow
the oxide mineral resources to provide crucial inputs for the
resource update.  
The reported significant intersections are from the Carriere A,
Mpongo, Kimbangu, and G7-Mapale prospects, and in the G20-21 and
D18-19 deposits. They demonstrate a potential for oxide resources
over the entire 4.5 kilometre strike, which is the current focus of
the Company. Gold mineralization in these prospects and deposits is
hosted by moderately metamorphosed mudstones, which are interbedded
with siltstones and intruded by diorite sills. The whole package has
been deformed and has developed into shear zones and folds.
Mineralization is best developed in the fold hinges and in flexure
zones within the shear zones. Gold is associated with quartz veins,
which occur as bedding, parallel and irregular in nature, and with
disseminated arsenopyrite and pyrite within and the surrounding
quartz vein zones. 
"The wide zones of near-surface mineralization at Lugushwa have the
potential for a bulk-mineable resource," commented Bansah. "Since
2011, we have had confirmation of the potential for mineable oxide
resources from the significant Lugushwa resource base, which will be
a catalyst for the completion of the
 resource update by early 2013.
Results from the resource update will inform the decision to proceed
with further exploration and the completion of a PEA during 2013, the
exact timing of which will be driven by continued exploration
success." 
The bulk of the proposed exploration work for 2013 at Lugushwa will
focus on the completion of the shallow infill and extension drilling
to serve as a catalyst for the completion of the PEA. There will also
be a refocus of regional exploration towards the southern part of the
concession which has the most favourable and consistent results. An
increased amount of metallurgical test work will also carried out
during the second half of 2013. Once a positive PEA is completed, the
Company intends to undertake a pre-feasibility study of the Lugushwa
property, and adding this project to the Company's pipeline.  
Kamituga 
The Kamituga property has been the subject of an intense exploration
program since February 2011 with surface and adit mapping, soil
geochemistry, trenching/channel sampling and auger, RC and diamond
drilling. Additional ground geophysical studies (Pole-Dipole and IP
survey) were also conducted to increase geological understanding and
to identify possible extensions to the identified mineralised zone
within the property.  
Exploration activities carried out during the period focused on:  


 
--  The drilling at the Little Mobale open pit to identify bulk tonnage
    resources, where disseminated sulphide wall rock mineralization may have
    been neglected in the past, when the mining focused on the high grade
    quartz veins and stock works,  
--  The exploration drilling at the Kibukila and Fillon 20 prospects, and 
--  The regional targets located outside the old mine workings to identify
    additional zones of bedrock mineralization. 

 
Exploration drilling undertaken during 2011-2012 consisted of 33
reverse circulation (RC) holes totaling 3,443 metres and 35 diamond
drill (DD) holes totaling 4,101.2 metres. The samples generated from
the drilling program are 3,497 for RC and 3,528 for diamond drilling.
The drilling programs in the Kamituga project were aimed at testing
and following up the surface anomalies intersected in soil, trenching
and auger drilling at different prospects, with the intention of
confirming the down-dip and strike-extension, and studying the
geometry of the ore body as well as the control of mineralization
within the concession. 
Analytical results have been received for the 33 RC and 24 DD holes. 
Highlights of the 2012 drill program at Kamituga include: 


 
--  Hole KDD003 intersected 16.30 metres grading 3.02 g/t Au from 53.00
    metres, 
--  Hole KDD004 intersected 4.00 metres grading 13.50 g/t Au from 120.70
    metres, 
--  Hole KDD011 intersected 1.30 metres grading 35.60 g/t Au from 55.20
    metres, 
--  Hole KDD015 intersected 11.70 metres grading 2.50 g/t Au from 76.70
    metres, 
--  Hole KRC025 intersected 36.00 metres grading 3.08 g/t Au from 37.00
    metres, 
--  Hole KRC031 intersected 12.00 metres grading 3.70 g/t Au from 43.00
    metres, 
--  Hole KRC007 intersected 5.00 metres grading 7.96 g/t Au from 95.00
    metres, 
--  Hole KRC009 intersected 6.00 metres grading 5.51 g/t Au from 13.00
    metres, 
--  Hole KRC011 intersected 7.00 metres grading 10.74 g/t Au from 79.00
    metres, 
--  Hole KRC013 intersected 1.00 metre grading 93.00 g/t Au from 33.00
    metres. 

 
See Table 3 for Kamituga drill results and Figure 3 for a drill hole
location map. 
To view "Figure 3 - Location map for Kamituga drill results," please
visit the following link:
http://media3.marketwire.com/docs/banro_nov15_fig3.pdf 
To view "Table 3 - Kamituga drill results," please visit the
following link:
http://media3.marketwire.com/docs/banro_nov15_table3.pdf 
The assays results received to date from Kabukila shows continuous
wide zones of gold mineralization comprising high grade quartz veins
with broad low grade haloes. This includes an E-W mineralization
trend delineated in the western part of Kibukila and the NE-SW
mineralization trend to the North Eastern part of Kibukila.  
The trends of the Kibukila mineralization are open-ended along strike
and down-dip. The current knowledge of the mineralization has
indicated a possible continuity to the Filon 20 prospect to the
North-Eastern, a function which may increase the strike length of the
Kibukila prospect to in excess of 2.5 kilometres.  
The base of complete oxidation varies from 80 metres to 120 metres
which demonstrate the potential for high tonnage oxide
mineralization.  
The Kibukila prospect is characterized by metapelite interbedded with
thin units of metasiltstone and graphitic metapelite. Intermediate to
mafic intrusive rock (metadiorite), was observed in the entire
Kamituga prospects running parallel to the metasediments. Several
generations of smoky and milky white quartz veins with variable
thickness of up to 2.0 metres are observed running parallel and in
some places cross-cutting all the lithologies. Late stage pegmatites
which occur crosscutting the whole Kamituga sequence often at steep
angles consists of quartz, feldspars and muscovite. 
Elsewhere on the Kamituga property, target generation programs are
underway to delineate new targets. This include gridding and soil
sampling activities opened to cover the southern and north-western
part of the concession (Manungu,) as extensions to the current
Kamituga soil coverage. The areas were prioritized due to a number of
factors; prospective rock package, folding and a circular feature,
(possibly a refolded fold or major intrusion at depth) (See Figure 4)
visible in the airborne geophysical data with known occurrences of
artisanal gold mining. Gridding and soil sampling commenced in March
2012 and 99.00 lines kilometres have so far been completed. A total
of 2,646 soil samples and 13 rock chip samples were collected. The
program is continuing. Other potential targets include the Kobokobo
and the old Mobale mine area. 
To view "Figure 4 - Kamituga - Manungu prospect circular structure,"
please visit the following link:
http://media3.marketwire.com/docs/banro_nov15_fig4.pdf 
The 2013 exploration program will continue to focus on delineation
drilling of the Kibukila prospect and other targets within the
Kamituga Central area. The extensive regional exploration program
will also continue outside the Kamituga Central area to outline
further drill targets.  
Twangiza 
At Twangiza, the bulk of the exploration work during the year focused
on the regional targets of Ntula and Luntukuru, while waiting for
drill rig availability to complete the definition drilling on the
near mine Twangiza East and West targets. A study was also initiated
to economically assess the amenability of the Twangiza North
mineralized porphyry material to the existing process facility. 
The regional exploration work carried out at Ntula and Luntukulu
prospects included trenching, artisanal pit sampling and geological
mapping in tandem with rock chip and channel sampling. Office work
focused on interpretation of field data and analytical results,
updating of geological maps, and planning of further work. To the
immediate east of the drilled Ntula target, a 1.0 kilometre strike by
40 metre wide bedrock mineralization was delineated by trenching.
Further work is continuing to fully assess the potential of the Ntula
- Mufwa corridor.  
The bulk of the exploration activities for the remaining field season
at Twangiza will focus on the definition drilling of the near mine
Twangiza East and West targets, the objective of which is to ensure
that mineral reserves depleted during the year are replaced.  
The preliminary work carried out on the Twangiza North porphyry
material has demonstrated that the bulk of the transition and primary
porphyry material could also be processed through the existing CIL
plant. Further metallurgical and engineering studies are underway to
confirm the results of the preliminary work. The resu
lts of the study
will be published as part of Banro's early 2013 mineral resource and
mineral reserve update.  
Additional information regarding Twangiza is included in the
technical report of SENET dated March 9, 2011 (as revised on March
24, 2011) and entitled "Economic Assessment NI 43-101 Technical
Report, Twangiza Phase 1 Gold Project, South Kivu Province,
Democratic Republic of the Congo". A copy of this report can be
obtained from SEDAR at www.sedar.com and EDGAR at www.sec.gov. 
Exploration Permits  
SRK Consulting (UK) Ltd. carried out qualitative interpretation and
target generation work in 2009 on the Company's exploration permit
areas. The report by SRK was very qualitative and was based on the
magnetic and radiometric data signatures on a large scale only. No
quantitative interpretation was done. In 2012, Spectral Geophysics
was mandated to carry out quantitative reinterpretation of the
airborne data to generate additional targets. By applying various
filters and transformations to the data one could detect very subtle
structures associated with the mineralization. Preliminary
reconnaissance of the exploration permit areas located contiguous to
the Lugushwa, Kamituga and Twangiza properties will be undertaken
during Q3 2013. 
Technical Information 
Core holes were inclined at between minus 50 and 85 degrees and
averaged 85 metres in depth with a maximum down-hole depth of 145.10
metres for Lugushwa and up to 2,010 metres for Kamituga and Namoya.
Core recovery for these holes averaged between 88% and 98% within the
mineralized zones. Drill hole spacing was on 40 metres or 80 metres
sections. It is estimated that the true width of the mineralized
zones vary between 80% and 95% of the intersected width in the holes. 
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 pulverized down to 90%
passing 75 microns. Approximately 150 grams of the pulverized sample
were then shipped to the SGS Laboratory (which is independent of the
Company) in Mwanza, Tanzania where the samples were analyzed for gold
by fire assay using a 50g charge. As part of the Company's QA/QC
procedures, which adhere to internationally recognized standards,
duplicates and blanks were inserted into the sample batches. 
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 Chartered
Professional 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). 
Banro Corporation is a Canadian gold mining company focused on
production from the Twangiza oxide mine and development of three
additional 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 plans include the construction of its
second gold mine at Namoya, at the south end of this gold belt, as
well as the development of two other projects, Lugushwa and Kamituga,
in the central portion of the belt. The initial focus of the Company
is on oxides, which attract a lower technical and financial risk to
the Company and will also maximize cash flows in order to develop the
belt with minimal further dilution to shareholders. All business
activities are followed in a socially and environmentally responsible
manner. 
For further information, please visit our website at www.banro.com. 
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.  
Cautionary Note Concerning 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 exploration results, mineral
resource estimates, potential mineral resources and/or assumptions in
respect of gold production, cash flow and costs, estimated project
economics and the Company's exploration and development plans and
objectives) 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: the possibility
that future exploration results with not be consistent with the
Company's expectations; uncertainty of estimates of capital and
operating costs, production estimates and estimated economic return;
the possibility that actual circumstances will differ from the
estimates and assumptions used in the economic studies of the
Company's projects; failure to establish estimated mineral resources
or mineral reserves (the Company's mineral resource and mineral
reserve figures are estimates and no assurance can be given that the
indicated levels of gold will be produced); fluctuations in gold
prices and currency exchange rates; inflation; gold recoveries 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 equity markets; political
developments in the Democratic Republic of the Congo; lack of
infrastructure; failure to procure or maintain, or delays in
procuring or maintaining, permits and approvals; lack of availability
at a reasonable cost or at all, of plants, equipment or labour;
inability to attract and retain key management and personnel; 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 26,
2012 filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov. 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 assumpti
ons 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.
Contacts:
Banro Foundation
Simon Village
CEO & President
+1 416 366-2221 
Banro Foundation
Arnold T. Kondrat
Executive Vice-President
+1 (416) 366-2221 
Banro Foundation
Naomi Nemeth
Investor Relations
+1 (416) 366-9189 or +1-800-714-7938 Ext. 2802
info@banro.com
www.banro.com
 
 
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