Objective Capital's Africa Resources Investment Congress 2011 Ironmongers' Hall, City of London 14-15 June 2011 Day 1: Africa Resources Speaker: Simon Village, Banro Corporation

1. AFRICA RESOURCES
INVESTMENT CONGRESS
Building the Premier Central African gold producer
Simon Village – Banro Corporation
IRONMONGERS’ HALL, CITY OF LONDON TUESDAY-WEDNESDAY, 14-15 JUN 2011
www.ObjectiveCapitalConferences.com
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2. Building the Premier Central African gold producer
Simon Village
Chairman & CEO
June 2011

3. Cautionary Notes
This document shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Banro Corporation (“the Company”).
Cautionary Note Concerning Forward-Looking Statements: This presentation contains forward-looking statements. All statements, other than statements of historical
fact, that address activities, events or developments that the "Company believes, expects or anticipates will or may occur in the future (including, without
limitation, statements regarding estimates and/or assumptions in respect of gold production, revenue, cash flow and costs, estimated project economics, mineral resource and
mineral reserve estimates, potential mineralization, potential mineral resources and mineral reserves, projected timing of possible gold production and the Company's
exploration and development plans and objectives with respect to its projects) are forward-looking statements. These forward-looking statements reflect the current
expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and
uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are
realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual
results or events to differ materially from current expectations include, among other things: uncertainty of estimates of capital and operating costs, gold production estimates
and estimated economic return; the possibility that actual circumstances will differ from the estimates and assumptions used in the economic studies of Company gold
properties; failure to establish estimated mineral resources or mineral reserves; fluctuations in gold prices and currency exchange rates; uncertainties relating to the
availability and costs of any financing needed in the future; inflation; gold recoveries being less than those indicated by the metallurgical test work carried out to date (there
can be no assurance that gold recoveries in small scale laboratory tests will be duplicated in large tests under on-site conditions or during production); changes in equity
markets; political developments in the Democratic Republic of the Congo; lack of infrastructure; failure to procure or maintain, or delays in procuring or maintaining, permits
and approvals; lack of availability at a reasonable cost or at all, of plants, equipment or labour; inability to attract and retain key management and personnel; changes to
regulations affecting the Company's activities; the uncertainties involved in interpreting drilling results and other geological data; and the other risks disclosed under the
heading "Risk Factors" and elsewhere in the Company's annual information form dated March 29, 2011 filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov. Any
forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or
obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the
assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance
should not be put on such statements due to the inherent uncertainty therein.
The preliminary economic assessment of the Company’s Namoya heap leach project is preliminary in nature and includes inferred mineral resources that are considered too
speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the
conclusions reached in the preliminary economic assessment will be realized.
Cautionary Note Concerning Resource and Reserve Estimates: The Company’s mineral resource and mineral reserve figures are estimates and no assurances can be given that
the indicated levels of gold will be produced. Such estimates are expressions of judgment based on knowledge, mining experience, analysis of drilling results and industry
practices. Valid estimates made at a given time may significantly change when new information becomes available. While the Company believes that its mineral resource and
mineral reserve estimates are well established, by their nature mineral resource and mineral reserve estimates are imprecise and depend, to a certain extent, upon statistical
inferences which may ultimately prove unreliable. If such estimates are inaccurate or are reduced in the future, this could have a material adverse impact on the Company.
Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that mineral resources can be upgraded to mineral reserves
through continued exploration.
Due to the uncertainty that may be attached to inferred mineral resources, it cannot be assumed that all or any part of an inferred mineral resource will be upgraded to an
indicated or measured mineral resource as a result of continued exploration. Confidence in the estimate is insufficient to allow meaningful application of the technical and
economic parameters to enable an evaluation of economic viability worthy of public disclosure (except in certain limited circumstances). Inferred mineral resources are
excluded from estimates forming the basis of a feasibility study.
The United States Securities and Exchange Commission (the "SEC") permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a
company can economically and legally extract or produce. Certain terms are used by Banro, such as "measured", "indicated", and "inferred" "resources", that the SEC
guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosure in Banro's Form 40-
F Registration Statement, File No. 001-32399, which may be secured from Banro, or from the SEC's website at http://www.sec.gov/edgar.shtml. The Namoya preliminary
economic assessment referred to herein is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic
considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the conclusions reached in the preliminary economic
assessment will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Additional information regarding Banro and its gold properties is included in the Company’s annual information form dated March 29, 2011, a copy of which has been filed
on, and can be obtained from, SEDAR at www.sedar.com and EDGAR at www.sec.gov.
Qualified Person: Daniel K. Bansah, who is Vice President, Exploration of the Company and a "qualified person" (as such term is defined in Canadian National Instrument 43-
101), has reviewed the technical information in this presentation.
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4. Banro at a Glance – transition to producer
Offices Toronto (Corporate)
Bukavu & Kinshasa (Operations)
Flagship project – Twangiza (Phase I) Democratic
with planned gold production in Q4 2011 Republic of the
Congo
4 additional projects along the belt:
o Namoya
o Twangiza Phase II
o Lugushwa
o Kamituga
TSX, NYSE AMEX: BAA
US$600 million market cap
190.7 million shares outstanding
209.3 million fully diluted
Financial position
o Cash $68 million as at June 14th 2011
o Fully-funded to Twangiza production Twangiza Phase 1 – Civil works 93%
complete; structural 80% complete
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5. Twangiza-Namoya gold belt equal in size & geologic
potential to Ashanti belt in Ghana
Twangiza-Namoya Ashanti Gold
Gold Belt (DRC) Belt (Ghana)
Both maps at same scale
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6. Board with proven track records in Africa & in Gold
Simon Village, Chairman & CEO
• Former Managing Director, World Gold Council; founder of Exchange Traded
Gold; HSBC Managing Director for Global Mining , Mining Engineer (Anglo
American/De Beers), joined Banro’s board in 2004; appointed CEO in 2010
Arnold Kondrat Dr. Peter Ruxton
Exec VP & Director Director
• Founder Banro Corp. • Former partner, Actis Capital
• Active in the DRC since 1996 • Former Exploration
• President, Sterling Portfolio Manager, Billiton
Securities Inc. • CEO Gentor Resources;
director, Platmin; Chairman GGG
Resources
Peter Cowley
Richard Lachcik
Director
Director
• CEO Loncor Resources
• Partner, Macleod Dixon LLP; chair
• Former Managing
of Global Mining Group
Director, Ashanti Goldfields
• Specialty in securities law
Exploration
Dr. John Clarke Bernard van Rooyen
Director Director
• Former CEO Nevsun Resources • Director for Mvelaphanda
• Former Exec. Director Ashanti Resources, Ndowana
Goldfields Ltd. Exploration, Northam Platinum &
• Director Mediterranean Trans Hex Group
Resources
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7. Strong in-country expertise; Flat management structure
Minimal turnover at all levels
Board of Directors
Executive Committee
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8. Resources Summary
 2011 budget will increase Reserves by +2mozs
 Growth in Resources & Reserves along the belt
Property Measured & Inferred
Indicated
Oz gold Oz gold
Twangiza 5,600,000 400,000
Namoya 1,138,305 543,125
Lugushwa 2,735,000
Kamituga 915,000
TOTAL 6,738,305 4,593,125
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9. Five significant projects in the Twangiza-Namoya
Gold Belt
210 km gold belt
with multiple gold
prospects
Extensive artisanal
gold workings
throughout entire
belt
In order of planned
development:
1. Twangiza Phase I
2. Namoya Heap
Leach
3. Twangiza Phase II
Exploration:
4. Kamituga
5. Lugushwa
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10. Targeted production profile
500,000
450,000
400,000
350,000
Ounces 300,000
of gold
250,000
200,000
150,000
100,000
50,000
0
2011 2012 2013 2014 2015 2016
Twangiza Phase I Namoya Twangiza Phase II
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11. Twangiza Phase 1 Overview:
+1 million ounces of gold
Phase I – Oxide material
Total gold production expected to be
+ 1 million ozs over 8 years
Plant designed to process 1.7mtpa with annual
production of 119,303 ozs* for first 5 years @
cash cost of US$356/oz**
Total capital expenditure – US$209 Million
Planned gold production in Q4 2011
• Royalty payment of 1% of gold revenues
• Net profit payment of 4% (after return of capital)
• Cash flow from Twangiza I to be used to fast track Banro’s second gold mine
development at Namoya (scheduled for completion by end 2013)
Twangiza Phase II – “Transition” & Sulphide Material
• Separate processing facility
• Recently commissioned economic assessment for Phase II including detailed
metallurgical study & plant design
• Anticipate production from Twangiza Phase I and Namoya Heap Leach project
to fund development of Twangiza Phase II
* Based on SRK projections and does not include Management’s plans to increase gold output via
selectivity, grade control and use of 4g/t Au valley fill material (not included in SRK projections)
**Diesel costs represent approximately 40% of the total cash cost
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12. Twangiza Main Pit – Phase I Oxide (1.7mtpa) &
Phase II (4mtpa) transition/fresh rock
Oxide Pit
Final Pit
Strip ratio: 1.5:1 over LOM
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13. Namoya – Low cost heap leach operation
NAMOYA PROJECT
(Mwendamboko Prospect; Section 5) AMEX
560900 mE
560800 mE
561000 mE
TSX:
Namoya – Overview 5.0m@13.26g/t 26.0m@13.43g/t
1000 mN 1000 mN
• 100% owned by Banro SW
G5N
NDD05
NDD03
NE
• 2.5km long mineralized zone with 4 main
G25
6.0m@3.75g/t Pit outline
deposits in 175km2 area
26.54m@5.96g/t
29.0m@15.10g/t
• Banro work to date includes: 900 mN
2.77m@2.53g/t
39.37m@3.63g/t
900 mN
• 209 diamond drill holes Sericite Schist
Base of complete oxidation
• Extensive resampling of old mine adits
7.27m@1.99g/t
Quartz Sericite Schist
Chlorite Schist
• Preliminary assessments in 2007 & 2011
Diorite/Quartz Diorite intrusive
Quartz vein/stockwork Top of fresh rock
0 20 40
Mineralization intercept Metres
Namoya – Preliminary Assessment 2011 Namoya – Strategy
• 124,053 oz Au/year • Second development
• 7 year mine life, open pit project for Banro following
Twangiza Phase 1
• Total cash cost = US$359/oz
• Cash flows from Twangiza
• Initial capital cost = $118.2 million
Phase 1 and Namoya can
• On-going capital costs = $15.1 million allow Banro to build hydro
• 1 year payback on project capex plant required for
Twangiza Phase II
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14. Twangiza – Namoya infrastructure
700000 mE
500000 mE
600000 mE
N2 road under construction by the
Lake Kivu
Chinese (World Bank Project)
N
Bukavu
N2
Walungu
9700000 mN Shabunda N5 9700000 mN
Lubanda
HEP
TWANGIZA
KAMITUGA Mwenga
Pangi HEP
N5
LUGUSHWA Uvira
Itula
N2
9600000 mN 9600000 mN
Kalole
LEGEND Lake Tanganyika
Rivers NAMOYA
Towns
Main Roads and Towns
Secondary/other Roads
Permits for Exploitation
700000 mE
600000 mE
0 25 50
Permits granted and under
kilometres Fizi
application
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15. Hydro power potential
Hydro power generation would advance the rate of development
in the Twangiza-Namoya Gold Belt & maximize profitability
 At a cost of US$120 million, the first
phase of a hydro electric power
generating facility will be built 25km
from Twangiza with a generation
capacity of 30MW
 Additional US$60 million to expand
generation facility to increase
capacity to 66MW
 Hydro electric power would reduce
production cash costs by
approximately US$100/oz for both
Twangiza Phase I and Phase II
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16. Hydro potential will contain cost inflation & reduce
initial cash costs by at least $100/oz
450
400
350
300
250
(US$/oz)
200
150
100
50
0
2011 2012 2013 2014 2015
Twangiza Phase I Namoya Twangiza Phase II
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17. The Banro Foundation
A Responsible approach to operating in the DRC
New High School near Twangiza
Martin Jones, Head of Banro Foundation
 Founded in 2005, the Banro Foundation has been
reorganized as a stand-alone charity, focused on
education, health and infrastructure improvements, as
well as humanitarian relief.
 Projects completed to date include two high schools, two
primary schools, a health care centre, a potable water
project serving 18,000 people, the rehabilitation of over
100 km of roads and bridges + many more projects.
 In December 2009, Banro was recognized for its
contributions to Congolese reconstruction with an Award
of Merit from a leading Congolese youth group.
Potable Water System for 18,000 People New High School near Namoya
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18. Relative Valuation – P/NAV
Note: Purple denotes African Company
Source: CIBC World Markets
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19. Relative Valuation – US$ EV per Ounce
Source: CIBC World Markets
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20. Banro – on the cusp of being a leading
Central African Gold Producer
 Banro has a strong in-country presence with technical capability in
exploration and project development
 Banro has a World Class project pipeline and is well on its way to being a
low cost gold producer (Q4 2011)
 The open-pitable, low cost nature of the projects, and unique potential of
Hydro electric power should differentiate Banro on the Global Cost curve
 The company’s knowledge of the African continent combined with strong
future cash-flow will allow the Company to consider expanding
geographically and diversifying the risk associated with operating in an
emerging country
www.banro.com
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21. Twangiza construction update - video
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22. Appendix I
Banro Resources
Property Measured Indicated Inferred
Tons g/t Au Oz Au Tons g/t Au Oz Au Tons g/t Au Oz Au
Twangiza 17,200,000 2.40 1,320,000 90,300,000 1.50 4,280,000 8,280,000 1.70 400,000
Namoya 4,270,666 2.76 378,969 10,305,495 2.29 759,336 8,952,162 1.89 543,126
Lugushwa 37,000,000 2.30 2,735,000
Kamituga 7,260,000 3.9 915,000
TOTAL 1,698,969 5,039,336 4,593,126
At 1g/t Au cut-off for Kamituga and Lugushwa; 0.5 g/t Au for Twangiza; 0.4 g/t Au for Namoya
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23. Appendix II
Banro Warrants
Date Issued # of Warrants Expiry date Exercise price Value
Sept 17, 2008 5,836,811 Sept 17, 2011 US$2.20 US$12,840,984
March 4, 2011 1,050,000 Feb 24, 2013 CAD$3.25 CAD$3,412,500
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