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Banro Provides Update on Twangiza Gold Mine

Banro Corporation (BAA.TO) provided a personnel update on its Twangiza gold mine and Namoya development project in the Democratic Republic of the Congo.

Interim CEO John Clarke said operations at Twangiza and development at Namoya are both progressing smoothly under the supervision of experienced professionals who have demonstrated their commitment and dedication to the projects.

"Dan Bansah, VP Exploration, will assume increased responsibilities with the departure of Colin Belshaw, overseeing all in-country operations to ensure adherence to the strategic plan across all operations," Clarke said. "We are confident that we can continue to draw upon the strengths of our management team members, including Mr. Desire Sangara, VP Government Relations, many of whom have been with the company for years and whose skills, expertise and leadership have proven to be invaluable."

At Twangiza, production and plant modifications will continue as planned under the supervision of Frans Gonsalves and Chris Bawah with completion of all optimization initiatives anticipated for ramping up to full nameplate capacity during the fourth quarter of this year.

Thinus Vorster, VP Development and Engineering, along with his development team, will continue to drive the construction at Namoya as the project heads into the dry season.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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