Banro Announces Election of Directors

TORONTO, CANADA -- (Marketwired) -- 06/29/16 -- Banro Corporation ("Banro" or the "Company") (NYSE MKT: BAA)(TSX: BAA) announces that the seven nominees listed in the Company's management information circular for the annual meeting of shareholders of the Company (the "Meeting") held on Wednesday, June 29, 2016 were elected at the Meeting as directors of Banro. The vote was conducted by a show of hands. The detailed results of the votes received by proxy are set out below:

                                                          Votes     % Votes
Name                        Votes For % Votes For      Withheld    Withheld
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Richard W. Brissenden      31,909,387       94.40%    1,894,095        5.60%
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John A. Clarke             32,368,117       95.75%    1,435,365        4.25%
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Maurice J. Colson          31,894,214       94.35%    1,909,268        5.65%
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Peter N. Cowley            31,939,692       94.49%    1,863,790        5.51%
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Jiongjie Lu                32,512,517       96.18%    1,290,965        3.82%
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Mick C. Oliver             33,029,292       97.71%      774,190        2.29%
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Derrick H. Weyrauch        32,738,971       96.85%    1,064,511        3.15%
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Voting results on all matters voted on at the Meeting will be filed on SEDAR at www.sedar.com.

Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and the ramp-up to full production at its second gold mine at Namoya, where commercial production was declared effective January 1, 2016. The Company's longer term objectives include the development of two additional major, wholly-owned gold projects, Lugushwa and Kamituga. The four projects, each of which has a mining license, are located along the 210 kilometre long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. All business activities are followed in a socially and environmentally responsible manner.

Contacts:
Banro Corporation
Martin Jones
+1 (416) 366-2221, Ext. 3213
+1-800-714-7938, Ext. 3213
[email protected]
www.banro.com

Source: Banro Corporation

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