Band-Ore Resources Ltd.

Band-Ore Resources Ltd.

March 30, 2005 14:00 ET

Band-Ore Terminates Shebandowan Agreement




MARCH 30, 2005 - 14:00 ET

Band-Ore Terminates Shebandowan Agreement

TORONTO, ONTARIO--(CCNMatthews - March 30, 2005) - Band-Ore Resources
Ltd. (TSX:BAN) reports that it has terminated the agreement with
Staccato Gold Resources Ltd. (TSX VENTURE:CAT) on 16 contiguous patented
mining claims and one mineral lease located in Conacher Township within
the Thunder Bay Mining Division of Northern Ontario. Staccato is in
default regarding certain terms of the agreement. (See press release
dated August 6, 2003).

Assay results from the November, 2004 drilling program included
significant gold and zinc values (see Dec.14, 2004 and
February 26, 2004 press releases). Assay results of 4.65 g/t gold and
7.5% zinc over 1.1 metres and 5.13 g/t gold over 1.5 metres were
intersected in drillhole SG 04-08. A comprehensive review of all data is
required before determining the next exploration programs on the

The Shebandowan property is located along the North Shore of Shebandowan
Lake, approximately two kilometres west of the village of Shebandowan,
and approximately 80 kilometres west of Thunder Bay, Ontario. The past
producing Shebandowan Mine (Inco) is located approximately 10 kilometres
southwest of the property. At least two known gold mineralized zones
occur on the property.

The Main (No. 1) Zone, discovered in 1937, consists of sheared and
altered porphyry with disseminated and stringer pyrite mineralization.
Based on the drilling conducted during the period 1944 to 1947, Watts,
Griffis and McQuat, in 1980, estimated a reserve of approximately
706,000 tonnes grading 6.86 g/t gold above the 500 foot level. Mattagami
Lake Explorations Limited (a subsidiary of Noranda Mines Ltd.) optioned
the property from Band-Ore Resources in 1980 and over the next 10 years
conducted exploration programs, which consisted of I.P., Magnetic and
VLF surveys, detailed geological mapping and 9,346 metres (30,655 feet)
of diamond drilling. Erratic distrubition of gold mineralization
discouraged Noranda from completing further work on the Main (No. 1)

The No. 4 Zone was discovered by Mattagami Lake Explorations in 1980 by
routinely testing IP anomalies. The No. 4 Zone lies in the southern part
of the property, 800 metres southwest of the Main (No.1) Zone and is
comprised of three sub-zones termed the Telluride, Upper and Lower
Zones, and consists of sheared and altered felsic to intermediate
pyroclastics. Possible geological reserves for these three zones were
calculated by Mattagami to be approximately 616,000 tonnes of 4.83 g/t
gold and 7.71g/t silver. Subsequent drilling by Noranda from 1984 to
1990 in the No. 4 Zone has reduced the possibility of western, eastern
and depth extensions of the No. 4 Zone. A review of the data by Staccato
indicated there may be more potential for additional resources than
indicated by the Noranda drilling.

These resource estimates for the Main (No. 1) Zone and the No. 4 Zone do
not follow the required disclosure for reserves and resources as
outlined in National Instrument 43-101 as they were prepared in the
1980's prior to NI 43-101. The historic resource figures generated by
Mattagami (Noranda) have not been redefined to conform to the CIM
approved standards as required in NI 43-101. The resource estimates have
been obtained by sources believed reliable and are relevant but cannot
be verified. No effort has been made to refute or confirm these
estimates and they can only be described as historical estimates.

S.E.C. EXEMPTION: #82-4233

SHARES: 39,673,147

Safe Harbour - Certain statements in this document constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements
of the Company, to be materially different from any future results,
performance or achievements expressed by such forward-looking
statements. Such factors include, among others, exploration works as
detailed within may not be continually successful, that by virtue of
exploration there is never a guarantee of economic or profitable
outcomes; that exploration companies may have a history of operating
losses and no guarantee of future profitability or uncertainty of access
to additional capital, environmental liability claims and insurance;
dependence on and priority conflicts joint-venture partners; should the
company profiled herein seek such a partner.


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