BLUE SKY BREAKOUT

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BAA ~Q1, 2015 production increased 78% to 45,197 ounce Gold

COMPANY Q1, 2015 OPERATIONAL HIGHLIGHTS

Twangiza produced 35,943 ounces of gold in the first quarter of 2015, a 78% increase over Q1 2014 (20,137 ounces in Q1 2014), successfully managing the adverse impact of the rainy season.
Process plant throughput achieved 101% of the 1.7 million tonnes per annum ("Mtpa") annualized design capacity and more importantly, 3 quarters of consistent incremental improvement.
Twangiza processed up to 28% of transition material to assist with the feed blend during the last two quarters, even though this material is not included in the Company's mineral reserves.
Together, Twangiza and Namoya produced 45,197 ounces of gold during Q1 2015.

VERY IMPORTANT FINANCIAL UPDATE

The Company received US$20 million of the US$40 million from the Twangiza gold forward sale agreements and expects to close on the remaining funds, as well as the Namoya stream financing, in mid-April.(EXPECTED NEWS)

http://news.banro.com/press-releases/banro-announces-record-q1-production-results-nyse-mkt-baa-201504061000458001