Golden Band Resources Inc.
TSX VENTURE : GBN

Golden Band Resources Inc.

June 05, 2006 14:00 ET

Golden Band Resources' 2006 Summer Exploration Program

SASKATOON, SASKATCHEWAN--(CCNMatthews - June 5, 2006) - Golden Band Resources Inc. (TSX VENTURE:GBN) is pleased to announce the 2006 summer exploration program on its La Ronge gold projects in northern Saskatchewan. The main focus of the aggressive $2 million program is the continued evaluation of the Birch Crossing discovery beyond the limits drilled this winter (see news releases of April 11, March 2, and February 27, 2006). It is planned to complete up to 4,000 m of drilling at Birch Crossing, subject to accessibility in swampy areas. Once this work is completed, a resource estimate for the Birch Crossing deposit will be commissioned by late fall.

Prior to the commencement of drilling, much of the existing core will be re-logged to better understand the geological setting and controls of the gold mineralization. The Birch Crossing deposit appears more complex than the nearby deposits at Tower East, Niko and Kaslo. Step-out drilling will also be required to define the outer limits of the Birch Crossing deposit as it is currently open in all directions.

Additional drilling is also planned at newly discovered Charlie's Eye Crossing (see news release of March 13, 2006) and possibly at Komis West and the EP Zone.

Bulk-till sampling, geological mapping, and prospecting are also planned at several other sites to follow-up on known showings or anomalies. The summer fieldwork will operate from mid-June until mid-September 2006.

Advanced Projects - Scoping Studies

Golden Band has been informed by the independent consultant that is preparing the Preliminary Economic Assessment studies on the Greater Waddy Lake and Bingo projects that the expected completion dates are now June and July, respectively. Based on the Company's own internal reviews it has been decided to proceed with the tendering of the underground exploration phase of Bingo Project.

About Golden Band

Golden Band Resources continues to advance towards its goal of re-establishing gold production in the La Ronge Gold Belt of northern Saskatchewan. Since 1994, Golden Band has assembled through staking and acquisition a land package in excess of 70,000 hectares, including seven known gold deposits, four former producing mines, and a licensed gold mill. Scoping studies are underway to assess potential production opportunities, both from renewed production at the Jolu mill of material from the Bingo deposit and from new production at a planned central complex in the Greater Waddy Lake area where the four main deposits contain over 724,000 ounces of gold in the measured plus indicated categories, and with over 75,000 ounces in the inferred category.

Another major asset is the data resulting from over $50 million of exploration undertaken by various companies across the project area since 1985. Exploration work also continues to expand the resource base of known deposits and identifying new targets. These land holdings, resource base, and ownership of a permitted mill present a unique opportunity to resume gold production at a low capital cost and low risk profile.

Golden Band's main objective is to advance its existing resource base towards commercial production. The Company's short-term plan is to bring the Bingo and other high-grade deposits into production and process the ore at the Company's 400 tonne per day Jolu mill. This fully licensed mill and tailings facility, presently on a standby mode, is 54 kilometres by road from the Bingo deposit.

On behalf of the Board of Directors,

Ronald K. Netolitzky, President

All of Golden Band's exploration programs and pertinent disclosure of a technical or scientific nature are prepared by or prepared under the direct supervision of Klaus Lehnert-Thiel, P.Eng., P.Geo., Golden Band's Vice President of Exploration, who serves as the qualified person (QP) under the definitions of National Instrument 43-101.

Forward-Looking Statements: Some of the statements in this news release contain forward-looking information which involves inherent risk and uncertainty that may affect the business of Golden Band Resources Inc. Actual results may differ materially from those currently anticipated in such statement.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information