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Gold/Mining/Energy : Banro Resources ( BNRS-CDN) -- Ignore unavailable to you. Want to Upgrade?

To: dvid who wrote (68)	3/16/1999 4:48:00 PM
From: Len Hynes	Respond to of 73

Hi Dvid:Hi Banro followers: Looks like the property dispute involving Banro and the DRC will be going to arbitration. Hopefully, we can see the resolution of this flagrant expropriation by the DRC in the near future.Maybe Mr. Kabila should have seen by now that one sure way to cripple your economy, and to spurn foreign investment, is to "shoot yourself in the foot". If I were a betting man, my guess is that the judge will see the transparency of this grevious matter, and vindicate Banro from any alleged wrongdoing. Here is the latest press release from Banro : Banro Resource Corporation TORONTO, March 16 /CNW/ - Banro Resource Corporation (CDN - BNRS), through its wholly-owned subsidiary, Banro American Resources Inc., reports that the International Center for the Settlement of Investment Disputes (ICSID) has appointed Professor Prosper Weil of France as President of the three member Arbitral Tribunal that will hear Banro American's claims against the Government of the Democratic Republic of the Congo (DRC). Under ICSID's rules, the tribunal is to hold its first session in Washington, D.C. within 60 days to begin hearing Banro's claim for damages arising from the expropriation by the DRC of valuable mineral properties and other assets held by Banro American's 93% owned Congolese subsidiary, SAKIMA SARL. Management is optimistic that this claim will be resolved in Banro's favour. For further information, please visit our Web Site at banro.com or contact: Banro American Resources Inc. Denver, Colorado Bill Wilson Phone: (303) 820-2840 President Fax: (303) 595-9717 Banro Resource Corporation In Johannesburg, S.A. contact: Bernard van Rooyen Phone: 2711 476-5031 President & CEO Fax: 2711 476-5049 A.T. Kondrat - VP Cliff Jones - Investor Relations Phone: (416) 366-2221 Toronto, Ontario Fax: (416) 366-7722

To: dvid who wrote (68)	6/23/1999 8:14:00 PM
From: dvid	Read Replies (1) \| Respond to of 73

Banro Resource Corporation PRESS RELEASE BANRO OBTAINS COURT JUDGEMENT IN CAPETOWN (Toronto, June 22, 1999) - Banro Resource Corporation (CDN – BNRS), (the “Company”), reports that on June 15, 1999 a judgement by the High Court of South Africa (Cape of Good Hope Provincial Division) confirmed Banro's ownership of 99 tons of cassiterite, valued at US $400,000 and unlawfully removed from its operations at Kalima in the Democratic Republic of the Congo (“DRC”). SOMICO, the DRC government-controlled entity that has purportedly been assigned certain gold mining concessions expropriated from Banro American Resources Inc.'s 93% owned Congolese subsidiary Sakima SARL, contested the seizure by Banro of this consignment in Cape Town, South Africa, in February 1999. In awarding title, to Banro, Mr. Justice Davis found that there had been “shameful and vexatious” conduct on the part of SOMICO. Legal costs related to this action were awarded against SOMICO. As a consequence of assisting the Company in its Arbitration proceedings and the seizure of this shipment, two long-term employees of Sakima along with two attorneys from Mitchell and Associates, legal advisors to Banro in the DRC, have been arrested by the Military Authorities in Kinshasa. All have been charged with high treason and have been imprisoned since March 5, 1999. Efforts to have these unfounded charges dropped and the individuals released are ongoing. “Even though this can be considered a small victory for the Company, we are gratified that the international rule of law does prevail when doing business in emerging third world markets. We are confident a similar result will occur in Washington at the ICSID arbitration for restitution and damages in our actions against the DRC” said Bill Wilson, President of Banro American Resource Inc. Banro Resource Corporation is a gold exploration and development company with 47 mining concessions encompassing an area of 10,271 square kilometers in the Democratic Republic of the Congo. The Company's common stock is quoted on the Canadian Dealing Network (CDN) under the symbol “BNRS.” The Company has 14,921,258 common shares issued and outstanding. -30- For further information, please visit our Web Site at banro.com or contact: Banro American Resources Inc. Denver, Colorado Bill Wilson Phone: (303) 820-2840 President Fax: (303) 595-9717 Banro Resource Corporation In Johannesburg, S.A. contact: Bernard van Rooyen Phone: 2711 476-5031 President & CEO Fax: 2711 476-5049 A.T. Kondrat – VP Cliff Jones – Investor Relations Phone: (416) 366-2221 Toronto, Ontario Fax: (416) 366-7722