Bandera Gold Ltd.

Bandera Gold Ltd.

April 15, 2010 22:26 ET

Bandera Acquires Two Portable Drills for Belmira

EDMONTON, ALBERTA--(Marketwire - April 15, 2010) - Bandera Gold Ltd. ("Bandera") (TSX VENTURE:BGL) has entered into an agreement dated April 14, 2010 with Geotech Drilling Alberta Ltd. to acquire two man portable drills and related equipment for its Belmira project. Bandera will acquire the drills and equipment for a purchase price of $358,344 to be satisfied by a cash payment of $187,704 including GST of $17,064 and the issuance of 832,390 common shares at a deemed price of $0.205 per common share.

The acquisition is subject to the approval of the TSX Venture Exchange. 

On behalf of the Board

Kelvin Williams, CEO

Information provided herein contains forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Bandera at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Bandera that actual results achieved will be the same in whole or in part as those indicated in the forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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