Investors

Mr. Village is Chairman of Banro Corporation, a position he has held since 2004. Prior to this, he was a Managing Director, World Gold Council, and a founder of Exchange Traded Gold, responsible for developing and managing a series of direct physical gold investment products that have revolutionized the dynamics of the gold industry. Previous to this, he was a Managing Director with HSBC, responsible for Global Mining based out of London, U.K. and also Head of HSBC's South African Securities business. Mr. Village holds a B.Eng (Hons) degree from Camborne School of Mines and brings some 19 years of gold industry and investment experience to the Company.

The Company also announces that it has appointed Martin Jones as Vice President, Corporate Development. Mr. Jones has held a similar position with Banro Corporation since 2004. He has over 25 years experience in corporate and investor communications.

Loncor Chairman Arnold Kondrat said: "We are delighted to be making these appointments. Simon continues to play a major role in the successful growth of Banro Corporation and in its transition from a gold explorer to a gold producer in the Democratic Republic of the Congo (the "DRC"). His financial and mining expertise, combined with his experience working in the DRC, will be invaluable in helping us to grow Loncor as a gold and platinum exploration company in the DRC. Martin Jones has contributed to Banro's success through his corporate development activities and as Head of the charitable Banro Foundation, and we look forward to him playing a similar role with Loncor."

For further information, please visit our website at www.loncor.com or contact:

Arnold T. Kondrat, Chairman of the Board
Telephone: (416) 366-2221 or 1 (800) 714-7938

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