Banro Provides Update On Share Trading Activity
Toronto, Canada — July 25, 2008 - At the request of Market Surveillance on behalf of the Toronto Stock Exchange, Banro Corporation (“Banro” or the “Company”) (AMEX - “BAA”; TSX - “BAA”) is providing an update to investors on the recent trading activity in the Company’s shares. There have been no material developments at the Company which the Company believes would explain the recent decline in the Company’s share price.
Banro is a Canadian-based gold exploration company focused on the development of four 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 strategy is to unlock shareholder value by increasing and developing its significant gold assets in a socially and environmentally responsible manner.
For further information, please visit our website at www.banro.com, or contact: Mike Prinsloo, President and C.E.O., South Africa, Tel: + 27 (0) 11 958-2885; Arnold T. Kondrat, Executive Vice-President, Toronto, Ontario, or Martin Jones, Vice-President, Corporate Development, Toronto, Ontario, Tel: (416) 366-2221 or 1-800-714-7938.
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