VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 07/19/07 -- Buffalo
Gold Ltd. (TSX VENTURE: BUF.U)(OTCBB: BYBUF)(FRANKFURT: B4K)
("Buffalo" or "the Company") is pleased to report that it has been
informed by Kinbauri Gold Corp. (TSX VENTURE: KNB) ("Kinbauri") of
positive drill results at the El Valle project in Spain. Buffalo
holds a 25.4% strategic interest in Kinbauri as part of the Company's
on-going strategy of aggressively adding value through investing in
or acquiring projects and companies that offer considerable growth
potential (see Buffalo news release July 4th, 2007). In a news
release issued earlier today, Kinbauri reported:

"...the first set of assay results from its drill program at El
Valle. The objective of the on-going 7,000m drill program is to
define resources to support six years of production, assuming
reasonable conversion to reserves. Area 107 and Black Skarn North are
being targeted for their continuity of gold and copper mineralization
and proximity to existing mining infrastructure. Results from the
first ten holes, drilled from the existing mine workings, are
summarized in the table below.


Thickness Zone(3)
From To (2) Au Ag Cu -------
HOLE(1) (m) (m) (m) (g/t) (g/t) (%) Section
--------------------------------------------------------------------------
07KV1001 70.30 79.30 9.00 4.5 6.4 0.31 A107
including 73.20 79.30 6.10 5.6 8.1 0.39 ----
07KV1001 80.80 85.30 4.50 2.1 9.3 0.85 10
--------------------------------------------------------------------------
A107
07KV1002 167.00 173.40 6.40 6.40 27.6 0.99 ----
including 169.35 173.40 4.05 8.90 36.6 0.91 9
--------------------------------------------------------------------------
NBS & A107
07KV1003 51.60 53.70 2.10 7.60 54.5 2.17 ----------
07KV1003 64.50 69.00 4.50 2.20 6.7 0.69 10
--------------------------------------------------------------------------
07KV1004 47.80 52.25 4.45 2.80 11.2 0.57 NBS
07KV1004 66.20 69.60 3.40 2.30 13.3 1.50 ---
07KV1004 105.20 109.40 4.20 7.30 9.1 1.07 6
--------------------------------------------------------------------------
07KV1005 45.30 50.30 5.00 2.10 14.6 0.79 NBS
including 45.30 46.50 1.20 2.37 20.0 1.58 ---
07KV1005 78.80 101.20 22.40 1.50 9.7 0.70 7
including 89.00 90.70 1.70 3.35 22 1.07
--------------------------------------------------------------------------
07KV1006 83.25 89.15 5.90 3.60 5.0 0.19 NBS & A107
07KV1006 213.95 217.40 3.45 3.70 24.7 1.03 ----------
including 216.25 217.40 1.15 6.13 36.0 1.35 12
--------------------------------------------------------------------------
A107
07KV1007 151.10 152.90 1.80 4.33 7.0 1.16 ----
07KV1007 157.70 166.00 8.30 5.90 102.4 7.68 8
--------------------------------------------------------------------------
A107
07KV1008 93.85 94.90 1.05 6.23 41.0 1.35 ----
07KV1008 124.70 128.30 3.60 12.3 5.5 0.36 4
--------------------------------------------------------------------------
A107
07KV1009 65.1 137.1 72.00 5.10 22.9 1.40 ----
including 108.7 134.25 25.55 11.10 47 2.27 11
--------------------------------------------------------------------------
A107
07KV1010 150.00 154.20 4.20 6.9 18.1 0.98 ----
including 153.00 154.20 1.20 12.7 7.0 0.46 3
--------------------------------------------------------------------------
(1) See Schedule A for relative location (to view Schedule A please click
on http://www.ccnmatthews.com/docs/buf0719map.pdf): (2) True thicknesses
have not been calculated, pending confirmation of geological and
mineralization geometry: (3) A107 - Area 107; NBS - Black Skarn North.

These results extend the mineralization at Area 107 (beyond its
defined resource area as of March 21, 2007) a minimum of 50m to the
southeast, 150m to the west and 100m at depth. As noted in sections
10 and 12, high copper (sulphide) and gold values coincide with the
apparent intersection of the Area 107 epithermal structure and the
Black Skarn to the southeast. The results also suggest that Black
Skarn North may be continuous with the Monica Zone some 350 metres to
the south. As of March 21, 2007 Ore Reserves Engineering ("ORE")
estimated (i) indicated resources of 12,000 ounces gold (38,000
tonnes at 9.8g Au/t) and inferred resources of 342,000 ounces gold
(913,000 tonnes at 11.6g Au/t) for Area 107; (ii) inferred resources
of 73,000 ounces gold and 5,000 tonnes copper (445,000 tonnes at 5.1g
Au/t and 1% Cu) for Black Skarn North; and (iii) measured and
indicated resources of 203,000 ounces gold and 19,000 tonnes copper
(1,426,000 tonnes at 4.4g Au/t and 1.3% Cu) and inferred resources of
17,000 ounces gold and 2,000 tonnes copper (126,000 tonnes at 4.2g
Au/t and 1.6% Cu) for the Monica Zone.

The underground drill program is on-going and should be completed in
September. It is being supervised by Mr. Santiago Gonzalez, Kinbauri
Espana's senior geologist with quality control being provided by Dr.
C. F. Gleeson, P.Eng., Kinbauri's Vice-President of Exploration: both
qualified persons as defined by NI 43-101.

Kinbauri has established an Analytical Quality Assurance Program to
control and assure the analytical quality of assays. This program
includes the systematic addition of a blank sample, a pulp duplicate
and a standard to each batch of 20 samples. The samples are obtained
from HQ core sawed in half, crushed, pulverized, homogenized and
split in Kinbauri's on site facility at El Valle. Samples are sent to
ITMA's laboratory in Oviedo, Spain for analyses. In addition 5% of
the samples are sent to ALS Chemex's laboratory in Canada for check
analyses. Gold assays are carried out on 30 gram splits using fire
assay procedures with an atomic absorption finish.

This press release was prepared by Dr. V.N. Rampton, P.Eng. in his
capacity as a qualified person.

About Kinbauri
Kinbauri is a mineral exploration company focused on the development
of mineral properties, primarily precious metal prospects in
northwestern Spain, Nevada and Canada. Its immediate focus is to
expand and upgrade resources to reserves at the El Valle property in
Asturias, Spain with a view to re-starting operations at the mine and
mill complex there, and to establish resources to support a mine and
mill at Corcoesto in Galicia, Spain where it has an option to earn a
65 percent interest. It currently has 43,372,320 common shares issued
and outstanding; 67,056,236, fully diluted. Effective July 16th,
2007, Kinbauri's classification as a mining company was upgraded to
Tier 1 by the TSXV."

For more information on Kinbauri Gold Corp., please see the company
website:

www.kinbauri-gold.com.