Led by an experienced 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.

Banro has so far identified 2.45 million ounces of Measured and Indicated Resources, plus Inferred Resources of 5.48 million ounces.

The Company recently launched an aggressive exploration program to fully delineate and extend the total resource base on all four Banro properties - with the year-end 2006 goal of increasing Measured & Indicated Resources to six million ounces of gold, while replacing Inferred ounces. Grades and thicknesses indicate that there is good potential for converting the resources into open pit reserves and the Company believes it can potentially add resources at a cost significantly below that of the industry.

In addition to its current properties, which cover a total of 2,600 square kilometers, Banro has also applied for and is awaiting confirmation of title for Exploration Permits (PRs) covering an additional 6,829 square kilometers of land in the Twangiza-Namoya gold belt.

With its substantial outlined resource base and focused new leadership team, Banro enjoys strong support from institutional investors in North America, the U.K. and Europe