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Banro Corporation (BAA)
Market: CDN Consolidated
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Sep 17, 2014, 5:19 PM EDT
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Banro intersects wide zones of gold mineralization from its drilling at Twangiza

Drilling results include 211.20 metres grading 2.15 g/t Au, 61.67 metres
grading 4.71 g/t Au and 24.92 metres grading 2.50 g/t Au

TORONTO, July 20 /CNW/ - Banro Corporation ("Banro" or the "Company")
(AMEX - "BAA"; TSX - "BAA") is pleased to announce further drilling results
from the Company's current core drilling program at its wholly-owned Twangiza
project, located on the Twangiza-Namoya gold belt in the Democratic Republic
of the Congo (the "DRC").
Assay results have been received for an additional 15 core holes drilled
at Twangiza that are part of a 20,000 metre diamond drilling program.

<<
Highlights include:

-  Hole TDD023 intersected 211.20 metres grading 2.15 g/t Au from
   0.00 metres
-  Hole TDD020 intersected 61.67 metres grading 4.71 g/t Au from
   0.00 metres, 25.95 metres grading 1.64 g/t Au from 132.65 metres and
   19.06 metres grading 2.37 g/t Au from 187.71 metres
-  Hole TDD009 intersected 24.92 metres grading 2.50 g/t Au from
   23.48 metres and 9.26 metres grading 6.90 g/t Au
>>

These drilling results are over a total strike length of 1,500 metres at
Twangiza with holes spaced along 160 metre sections to the north and 80 metre
sections to the south within the Twangiza deposit.
Drill holes were inclined at between minus 51 and 55 degrees and averaged
190 metres in depth with a maximum of 303 metres down the hole. Core recovery
for these holes averaged 91% within the mineralized zones. It is estimated
that the true widths of the mineralized zones are approximately 80% of the
intersected widths in the holes. The mineralized sections are found within a
series of feldspar porphyry sills and low grade metamorphic, pelitic
meta-sediments along a northerly trending anticlinal structure. The gold
mineralization is associated with pyrite and arsenopyrite sulphides within
haloes of silicic, carbonate and potassic alteration.
Core holes TDD009, TDD020 and TDD023 were drilled within the Twangiza
deposit while the other reported holes were drilled to the north of the
deposit. It is currently interpreted that the core holes drilled to the north
of the Twangiza deposit have intersected the hanging wall splays of the
northerly plunging Twangiza orebody. Geological modelling is currently
underway in order to confirm this model before further drilling is planned in
this area. A locality plan of these drill holes is found accompanying this
press release on the Company's web site at
http://www.banro.com/i/pdf/2006-07-20_NRM.pdf.
Results from the core holes are tabulated below:

<<
Summary of Drill Hole Results
-------------------------------------------------------------------------
HOLE     NORTHING   EASTING   AZI-   INCL.         MINERALISATION    Au
        -------------------- MUTH          ------------------------------
          (UTM)      (UTM)                  FROM      TO   WIDTH    (g/t)
                                             (m)      (m)   (m)
-------------------------------------------------------------------------
TDD009    9682431    693511     70     50   5.86   11.14    5.28    1.46
-------------------------------------------------------------------------
                                           23.48   48.40   24.92    2.50
-------------------------------------------------------------------------
                                           60.84   69.23    8.39    1.93
-------------------------------------------------------------------------
                                          134.55  135.55    1.00    4.31
-------------------------------------------------------------------------
                                          138.90  139.90    1.00    6.03
-------------------------------------------------------------------------
                                          151.14  153.57    2.43    1.56
-------------------------------------------------------------------------
                                          157.75  168.00   10.25    1.24
-------------------------------------------------------------------------
                                          199.97  203.97    4.00    3.72
-------------------------------------------------------------------------
                                          219.04  223.21    4.17    1.18
-------------------------------------------------------------------------
                                          240.98  250.24    9.26    6.90
-------------------------------------------------------------------------
-------------------------------------------------------------------------
TDD010    9682811    693707    260     55   0.00    6.55    6.55    0.59
-------------------------------------------------------------------------
-------------------------------------------------------------------------
TDD011    9682938    693531    260     55  33.80   34.34    0.54    1.05
-------------------------------------------------------------------------
-------------------------------------------------------------------------
TDD012    9682915    693394     80     55  33.95   37.00    3.05    2.16
-------------------------------------------------------------------------
                                          169.52  170.52    1.00    1.10
-------------------------------------------------------------------------
-------------------------------------------------------------------------

-------------------------------------------------------------------------

-------------------------------------------------------------------------
TDD013    9683064    693324     80     55   4.50   12.58    8.08    1.38
-------------------------------------------------------------------------
                                           17.68   24.70    7.02    0.70
-------------------------------------------------------------------------
                                           48.03   54.75    6.72    2.38
-------------------------------------------------------------------------
                                           73.27   80.86    7.59    1.15
-------------------------------------------------------------------------
-------------------------------------------------------------------------

-------------------------------------------------------------------------
TDD014    9682746    693342     80     55  49.00   54.29    5.29    0.81
-------------------------------------------------------------------------
                                           56.53   60.07    3.54    0.86
-------------------------------------------------------------------------
                                           63.72   70.98    7.26    0.90
-------------------------------------------------------------------------

-------------------------------------------------------------------------
TDD015    9683232    693372     80     55   3.50   11.88    8.38    3.18
-------------------------------------------------------------------------
                                           92.00  104.35   12.35    0.87
-------------------------------------------------------------------------
-------------------------------------------------------------------------
TDD016    9683218    693294     80     55  40.00   48.50    8.50    2.51
-------------------------------------------------------------------------
-------------------------------------------------------------------------
TDD017    9683408    693457    260     55      No economic intersection
-------------------------------------------------------------------------
-------------------------------------------------------------------------
TDD018    9683421    693535    260     55      No economic intersection
-------------------------------------------------------------------------
-------------------------------------------------------------------------
TDD019    9683440    693644    260     55  70.60   71.60    1.00   51.00
-------------------------------------------------------------------------
                                           75.60   76.60    1.00    3.25
-------------------------------------------------------------------------
-------------------------------------------------------------------------
TDD020    9682270    693535     70     51   0.00   61.67   61.67    4.71
-------------------------------------------------------------------------
                                           68.50   71.55    3.05    1.52
-------------------------------------------------------------------------
                                          108.87  114.98    6.11    0.81
-------------------------------------------------------------------------
                                          126.91  128.91    2.00    1.61
-------------------------------------------------------------------------
                                          132.65  158.60   25.95    1.64
-------------------------------------------------------------------------
                                          166.94  173.66    6.72    2.68
-------------------------------------------------------------------------
                                          187.71  206.77   19.06    2.37
-------------------------------------------------------------------------
-------------------------------------------------------------------------
TDD021    9683206    693224     80     55  19.10   21.36    2.26    1.91
-------------------------------------------------------------------------
                                           76.98   90.54   13.56    3.25
-------------------------------------------------------------------------
-------------------------------------------------------------------------
TDD022    9683571    693025     80     55  26.35   27.35    1.00    1.34
-------------------------------------------------------------------------
                                           92.16   93.00    0.84    1.21
-------------------------------------------------------------------------
                                          122.21  124.00    1.79    0.93
-------------------------------------------------------------------------
-------------------------------------------------------------------------
TDD023    9682131    693638     70     50   0.00  211.20  211.20    2.15
-------------------------------------------------------------------------
Includes                                   23.96   29.25    5.29   11.60
-------------------------------------------------------------------------
                                           49.35   54.92    5.57    5.70
-------------------------------------------------------------------------
                                          105.28  110.67    5.39    8.52
-------------------------------------------------------------------------
                                          119.25  123.51    4.26    5.11
-------------------------------------------------------------------------
                                          170.45  173.54    3.09    4.16
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Holes are uncut.
>>

Commenting on these drilling results at Twangiza, Peter Cowley, President
and C.E.O. of the Company, said: "The wide zones of gold mineralization
intersected from the infill drilling within the Twangiza deposit are
encouraging and confirm and add to the delineated resources in areas where ore
grades were below the reported 1.0 g/t block cut-off, due to the previously
insufficient drill data. The ongoing drilling program will now focus on
upgrading and increasing the resources within the known Twangiza deposit and
to the south where the deposit remains open."
Drill cores for assaying were taken at a maximum of one metre intervals
and were cut with a diamond saw with one-half of the core placed in sealed
bags and sent to the Company's sample preparation facility in Bukavu, DRC. The
core samples were then crushed down to minus 2 mm, split with half the sample
then being pulverised down to 75 microns. A portion of the pulverised sample
was then shipped to the SGS Laboratory (which is independent of the Company)
in Mwanza, Tanzania where the samples were analysed for gold by fire assay
using a 50 g sample. As part of the Company's QA/QC procedures,
internationally recognised standards, duplicates and blanks were inserted into
the sample batches.
Additional information with respect to the Twangiza property is contained
in the technical report of CME Consulting Ltd. dated April 30, 2003 and
entitled "Review and Mineral Resource Update of the Twangiza Property, Kivu
Province, Democratic Republic of the Congo", and the technical report of
Michael B. Skead (who is the Company's Vice President of Exploration) dated
March 30, 2006 and entitled "NI 43-101 Technical Report, Twangiza Project,
South Kivu Province, Democratic Republic of the Congo". Copies of these
reports can be obtained from SEDAR at www.sedar.com.

Banro is a Canadian-based gold exploration company focused on the
development of four major, wholly-owned gold projects along the 210
kilometre-long Twangiza-Namoya gold belt in the South Kivu and Maniema
provinces of the DRC. 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.

Qualified Person
----------------
The exploration results disclosed by this press release have been
reviewed, verified (including sampling, analytical and test data) and compiled
by the Company's geological staff based in Bukavu, DRC, under the supervision
of Michael B. Skead (Aus.I.M.M), the Company's Vice President of Exploration
and a "qualified person" (as such term is defined in National Instrument
43-101).

Cautionary Note to U.S. Investors: The United States Securities and
Exchange Commission (the "SEC") permits U.S. mining companies, in their
filings with the SEC, to disclose only those mineral deposits that a company
can economically and legally extract or produce. Certain terms are used in
this press release, such as "resources", that the SEC guidelines strictly
prohibit U.S. registered companies from including in their filings with the
SEC. U.S. Investors are urged to consider closely the disclosure in the
Company's Form 40-F Registration Statement, File No. 001-32399, which may be
secured from the Company, or from the SEC's website at
http://www.sec.gov/edgar.shtml.

Forward-Looking Statements: This press release contains forward-looking
statements that are based on the Company's current expectations and estimates.
Forward-looking statements are frequently characterized by words such as
"plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and
other similar words or statements that certain events or conditions "may" or
"will" occur, and include without limitation, statements regarding potential
mineralization and resources, exploration results and future plans and
objectives of the Company. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause actual events
or results to differ materially from estimated or anticipated events or
results implied or expressed in such forward-looking statements. Factors that
could cause such differences include changes in world gold markets and equity
markets, political developments in the DRC, changes to regulations affecting
the Company's activities, uncertainties relating to the availability and costs
of financing needed in the future, the uncertainties involved in interpreting
drilling results and other ecological data and the other risks involved in the
gold exploration and development industry. Any forward-looking statement
speaks only as of the date on which it is made and, except as may be required
by applicable securities laws, the Company disclaims any intent or obligation
to update any forward-looking statement, whether as a result of new
information, future events or results or otherwise. Forward-looking statements
are not guarantees of future performance and accordingly undue reliance should
not be put on such statements due to the inherent uncertainty therein.

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