Banro CorporationAnnounces Election of Directors

TORONTO,06/28/13 - Banro Corporation ("Banro" or the "Company") (TSX: BAA) (NYSE MKT: BAA) (NYSE Amex: BAA) announces that the seven nominees listed in the Company's management information circular for the annual and special meeting of shareholders of the Company (the "Meeting") held on Friday, June 28, 2013 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:

Name               Votes For   % Votes For Votes Withheld % Votes Withheld
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John A. Clarke    118,699,213    68.96%      53,426,424        31.04%
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Maurice J. Colson 159,547,539    92.69%      12,578,098         7.31%
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Peter N. Cowley   100,099,359    58.16%      72,026,278        41.85%
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Peter V. Gundy    171,921,274    99.88%        204,363          0.12%
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Arnold T. Kondrat  69,354,026    40.29%      102,771,311       59.71%
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Richard J.
 Lachcik           67,531,959    39.23%      104,593,678       60.77%
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Bernard R. van
 Rooyen            97,086,410    56.40%      75,039,227        43.60%
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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 oxide mine and development of three additional major, wholly-owned gold projects, each with mining licenses, along the 210 kilometre long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. Led by a proven management team with extensive gold and African experience, Banro's plans include the construction of its second gold mine at Namoya, at the south end of this gold belt, as well as the development of two other projects, Lugushwa and Kamituga, in the central portion of the belt. The initial focus of the Company is on oxides, which have a low capital intensity to develop but also attract a lower technical and financial risk to the Company as the Company develops this prospective gold belt. All business activities are followed in a socially and environmentally responsible manner.



Contacts:

Banro Corporation
Naomi Nemeth, Investor Relations
+1 (416) 366-9189 or +1-800-714-7938, Ext. 2802
info@banro.com
www.banro.com