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Banro Corporation  TICKER: AMEX :BAA; TSX:BAA DESCRIPTION: Led by a focused management team with extensive African and gold industry experience, Banro is developing four, wholly-owned properties along the 210 km Twangiza-Namoya gold belt in the Democratic Republic of the Congo. The company has to date identified 4.81 million ounces of Measured and Indicated Resources, plus Inferred Resources of 6.98 million ounces. In addition to its current properties, which cover 2,600 square kilometers, Banro was recently awarded 14 exploration permits covering 3,130 square kilometres and located on highly prospective ground between its Twangiza and Lugushwa projects. Applications for additional PRs contiguous to and located between the company's Lugushwa and Namoya projects, along with areas south of Twangiza, are pending. WEBSITE: http://www.banro.com/s/Home.asp Fact Sheet Annual Report 06 The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates. Thirty-four companies and organizations have been nominated in nine different categories, each recognizing the excellence of Canadian companies and organizations in developing countries. Awards will be presented at a gala dinner celebration on Wednesday, May 21, at CME's annual International Development Days conference which is being held at the Hyatt Regency Vancouver Hotel in Vancouver from May 20-22, 2008... The CPCS Award for Construction, Reconstruction and/or Rehabilitation of Physical Infrastructure: Banro Corporation, Toronto, ON; CARE Canada, Ottawa, ON; Manitoba Hydro International Ltd., Winnipeg, MB; McElhanney Consulting Services Ltd., Vancouver, BC; and, MMM Group Limited, Vancouver, BC." (5/7/08) - marketwire.com
Analyst Eric Zaunscherb said drill results on the Namoya project in the Maniema province included some "excellent" high-grade intersections and demonstrated the continuity and growth potential of the project. A high conversion rate from inferred to the indicated resource category was likely. Haywood expects the company to outperform its sector as it develops to production of 195,000 ounces annually for the first five years at a cash cost of US$217/ounce. "Banro reported an indicated resource estimate of 8.9mt at 3.27g/t and inferred resource of 7.1mt at 2.73g/t in June 2007. We are confident that more recent drilling has added to these resources and upgraded a significant portion to the measured and indicated categories," he said." (5/5/08) - Mineweb.com
Banro has provided drill results for 33 diamond drill holes to Hole NDD131 on the wholly-owned Namoya project, Maniema Province, DRC. Results are largely in-line with previous results but include some excellent high grade intersections like Hole NDD131, which cut 18.62 metres grading 20.15 grams per tonne gold and 7.25 metres grading 73.67 grams per tonne. Drilling continues to demonstrate continuity, growth potential and a likely high conversion rate from inferred to indicated categories." (4/29/08) -ERIC ZAUNSCHERB, HAYWOOD SECURITIES
-ERIC ZAUNSCHERB, HAYWOOD SECURITIES
Banro has provided drill results for 58 diamond drill holes on the wholly-owned Twangiza project, South Kivu Province, DRC. Results are in-line with previous results and continue to demonstrate continuity, growth and likely conversion from inferred to indicated categories for the Twangiza Main and newly-discovered Twangiza North deposits. Highlights include: Hole TDD189 which cut 108.50 metres grading 2.42 grams per tonne gold from surface and Hole TDD150 which cut 30.89 metres grading 7.22 grams per tonne beginning 49.49 metres down-hole. Results are in line with expectations, continuing to demonstrate continuity, growth, and likely conversion from inferred to indicated categories. Pre-feasibility study on track for completion in June '08." (4/2/08) -ERIC ZAUNSCHERB, HAYWOOD SECURITIES
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