Banro provides update on share trading activity

Fri Jul 25, 2:08 PM

TORONTO, July 25 /CNW/ - 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.

Contacts

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