AFRICA RESOURCESINVESTMENT CONGRESS

IRONMONGERS’ HALL, CITY OF LONDON ● TUESDAY-WEDNESDAY, 14-15 JUN 2011

www.ObjectiveCapitalConferences.com 1

Building the Premier Central African gold producer Simon Village – Banro Corporation

Building the Premier Central African gold producer

Simon VillageChairman & CEO

June 2011

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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.

Cautionary Notes

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Banro at a Glance – transition to producer

Offices Toronto (Corporate)Bukavu & Kinshasa (Operations)

Flagship project – Twangiza (Phase I) with planned gold production in Q4 2011

4 additional projects along the belt:

o Namoyao Twangiza Phase IIo Lugushwao Kamituga

Democratic Republic of the Congo

TSX, NYSE AMEX: BAAUS$600 million market cap190.7 million shares outstanding 209.3 million fully diluted

Financial positiono Cash $68 million as at June 14th 2011o Fully-funded to Twangiza production Twangiza Phase 1 – Civil works 93%

complete; structural 80% complete

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Twangiza-Namoya gold belt equal in size & geologic potential to Ashanti belt in Ghana

Twangiza-Namoya Gold Belt (DRC)

Both maps at same scale

Ashanti Gold Belt (Ghana)

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Board with proven track records in Africa & in Gold

Dr. John ClarkeDirector• Former CEO Nevsun Resources• Former Exec. Director Ashanti

Goldfields Ltd.• Director Mediterranean

Resources

Arnold KondratExec VP & Director• Founder Banro Corp.• Active in the DRC since 1996• President, Sterling Portfolio

Securities Inc.

Peter CowleyDirector• CEO Loncor Resources• Former Managing Director,

Ashanti Goldfields Exploration

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

Dr. Peter RuxtonDirector• Former partner, Actis Capital• Former Exploration Manager,

Billiton• CEO Gentor Resources; director,

Platmin; Chairman GGG Resources

Richard LachcikDirector• Partner, Macleod Dixon LLP; chair of

Global Mining Group• Specialty in securities law

Bernard van RooyenDirector• Director for Mvelaphanda

Resources, Ndowana Exploration, Northam Platinum & Trans Hex Group

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Board of Directors

Executive Committee

Strong in-country expertise; Flat management structureMinimal turnover at all levels

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Resources Summary

Property Measured & Indicated

Inferred

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

2011 budget will increase Reserves by +2mozs

Growth in Resources & Reserves along the belt

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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 I2. Namoya Heap

Leach3. Twangiza Phase II

Exploration:4. Kamituga5. Lugushwa

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2011 2012 2013 2014 2015 20160

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

500,000

Twangiza Phase I Namoya Twangiza Phase II

Ounces of gold

Targeted production profile

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Twangiza Phase 1 Overview: +1 million ounces of gold

Phase I – Oxide materialTotal 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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Oxide Pit

Final Pit

Twangiza Main Pit – Phase I Oxide (1.7mtpa) & Phase II (4mtpa) transition/fresh rock

Strip ratio: 1.5:1 over LOM

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Namoya – Low cost heap leach operation

Namoya – Preliminary Assessment 2011

• 124,053 oz Au/year• 7 year mine life, open pit• Total cash cost = US$359/oz• Initial capital cost = $118.2 million• On-going capital costs = $15.1 million• 1 year payback on project capex

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AMEX: BAATSX:BAA

NAMOYA PROJ ECT(Mwendamboko Prospect; Section 5)

56

09

00

mE

56

10

00

mE

56

08

00

mE

900 mN

1000 mN

SW NE

1000 mN

900 mN

NDD03

7.27m@1.99g/t

39.37m@3.63g/t

G5NNDD05

29.0m@15.10g/t

G25

6.0m@3.75g/t 26.54m@5.96g/t

2.77m@2.53g/t

5.0m@13.26g/t 26.0m@13.43g/t

Quartz vein/stockwork

Sericite Schist

Chlorite Schist

Diorite/Quartz Diorite intrusive

Mineralization intercept

Quartz Sericite Schist

Base of complete oxidation

Top of fresh rock0 20

Metres40

Pit outline

Namoya – Overview

• 100% owned by Banro• 2.5km long mineralized zone with 4 main

deposits in 175km2 area• Banro work to date includes:

• 209 diamond drill holes• Extensive resampling of old mine adits• Preliminary assessments in 2007 & 2011

Namoya – Strategy

• Second development project for Banro following Twangiza Phase 1

• Cash flows from Twangiza Phase 1 and Namoya can allow Banro to build hydro plant required for Twangiza Phase II

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Twangiza – Namoya infrastructure

Uvira

Mwenga

Walungu

Bukavu

Shabunda

Pangi

9700000 mN

9600000 mN

600

000

mE

600

000

mE

700

000

mE

700

000

mE

500

000

mE

9600000 mN

9700000 mN

0 25

kilometres

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TWANGIZAKAMITUGA

LUGUSHWA

NAMOYA

Lubanda

N

N5

N5

Lake Kivu

Lake TanganyikaLEGEND

Main Roads and Towns

Rivers

Permits for Exploitation

Secondary/other Roads

Permits granted and under application

Fizi

N2

N2

HEP

HEP

Towns

Itula

Kalole

N2 road under construction by the Chinese (World Bank Project)

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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

Hydro power potential

Hydro power generation would advance the rate of development in the Twangiza-Namoya Gold Belt & maximize profitability

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2011 2012 2013 2014 20150

50

100

150

200

250

300

350

400

450

Twangiza Phase I Namoya Twangiza Phase II

(US$/oz)

Hydro potential will contain cost inflation & reduce initial cash costs by at least $100/oz

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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.

New High School near Twangiza

The Banro FoundationA Responsible approach to operating in the DRC

New High School near Namoya Potable Water System for 18,000 People

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Relative Valuation – P/NAV

Note: Purple denotes African Company

Source: CIBC World Markets

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Relative Valuation – US$ EV per Ounce

Source: CIBC World Markets

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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

Banro – on the cusp of being a leading Central African Gold Producer

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Twangiza construction update - video

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Appendix I

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

Banro Resources

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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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