Banro Comments on Issues in Goma, DRC

Banro Comments on Issues in Goma, DRC 
TORONTO, ONTARIO -- (Marketwire) -- 11/21/12 -- Banro Corporation
("Banro" or the "Company") (NYSE Amex:BAA)(NYSE MKT:BAA)(TSX:BAA)
makes a brief comment on the security issues in the NE Democratic
Republic of the Congo.  
The M-23, who are former members of the DRC military based in North
Kivu, and who rebelled from the Congolese army in March 2012, have
marched on the city of Goma in order to draw attention to their
concerns with their grievances and secure discussions with the DRC
government. Their presence in Goma, which is the capital of North
Kivu, has clearly raised the stakes for government to engage with
them peacefully in order to resolve their disquiet, which we
understand is largely about conditions and pay. At this time there
are talks at taking place at heads of government level between the
countries making up the Great Lakes Conference, which include the DRC
Banro's operations are located some 200 kilometres southwest of Goma
and have not been affected by this disruption in any manner; however
the media attention has clearly created concern amongst investors and
impacted negatively on the share price. Banro has a number of
alternative supply routes should the current borders be affected,
which is not the case at present. 
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
For further information, please visit our website at
Banro Corporation
Simon Village
CEO & President
+1 416 366-2221 
Banro Corporation
Naomi Nemeth
Investor Relations
+1 (416) 366-9189 or +1-800-714-7938 Ext. 2802
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