Golden Band Resources Inc.
TSX VENTURE : GBN

Golden Band Resources Inc.

November 06, 2006 12:57 ET

Golden Band Confirms Very High Gold Grades at EP Deposit with up to 313 g/t Au over 2.6 m

SASKATOON, SASKATCHEWAN--(CCNMatthews - Nov. 6, 2006) - Golden Band Resources Inc. (the "Company") (TSX VENTURE:GBN) is pleased to announce that the metallic screen assay results for core samples from this summer's drilling on the EP deposit confirm the very high gold grades previously reported (see news release of September 26, 2006). Equally important as the very high gold grades, are the intervals over which they were obtained, with values of up to 313 grams per tonne gold over 2.6 metres. The range of the individual metallic screen assays is from, 6.3 g/t Au over 0.64 m (EP-96) to 724 g/t Au over 0.8 m (EP-95).

Ron Avery, Golden Band's Exploration Manager stated, "We are very pleased with these latest results - which are some of the best gold intersections we have seen in the La Ronge Gold Belt. While the deposit is small, with these kinds of grades, as Golden Band moves toward production, EP could provide some easily accessible high-grade ounces."

Table 1 includes the highlights of the original standard fire assay data and the results of 14 metallic screen assays from 11 drillholes completed during the summer 2006 drilling in the EP Zone. Metallic screen assays were completed where the initial fire assay indicated over 15 g/t Au. The metallic screen assays confirm the initial standard assay results. All of the variation seen between these two data sets is within the normal range for gold assays characterized by the presence of common coarse gold.



Table 1: EP Deposit Assay Data, 2006 Summer Drilling Program
Aggregated Uncut Results Based on 293 SFA(1) and 14 MSA(2) Samples
(range: 0.1 to 5.7 m, average 1.02 m)

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Standard Metallic
From To Interval Assay Assay
Hole # m m m g/t Au g/t Au(3)
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EP-92 15.00 15.30 0.30 16.4 18.9
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EP-93 15.95 17.35 1.40 316.4 205.0
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EP-94 15.20 16.20 1.00 54.2 76.6
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EP-95 12.20 14.80 2.60 271.5 313.0
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EP-95 including 12.20 13.00 0.80 636.0 723.8
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EP-95 including 13.00 14.10 1.10 46.2 41.1
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EP-95 including 14.10 14.80 0.70 208.9 269.1
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EP-96 10.03 10.67 0.64 20.6 6.3
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EP-100 15.28 16.86 1.58 20.4 24.6
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EP-101 12.77 13.92 1.15 26.7 14.5
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EP-103 19.41 21.00 1.59 33.5 29.6
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EP-104 25.70 26.80 1.10 31.1 17.8
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EP-105 17.80 19.70 1.90 31.4 51.0
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EP-105 including 17.80 18.80 1.00 18.6 14.5
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EP-105 including 18.80 19.70 0.90 44.3 90.9
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EP-107 8.00 8.45 0.45 8.6 17.7
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(1) Standard Fire Assay; (2) Metallic Screen Assay; (3) Length-weighted
averages.


The drilling program is being carried out under the supervision of Ron Avery, P.Geo., a qualified person. All assays were carried out at the Saskatchewan Research Council in Saskatoon, Saskatchewan. A quality control program is in place, with the accuracy of the results tested through the systematic inclusion of standards, blanks, and with check assays.

Assay results from the balance of the summer exploration program, including the Birch Crossing follow-up drilling, are still awaited from the assay lab. These data are expected by mid-November.

About Golden Band

Golden Band Resources is a well-financed Saskatchewan-based company whose focus is the long-term, systematic exploration and development of its 100%-owned La Ronge Gold Belt properties. Since 1994, Golden Band has assembled through staking and strategic acquisition a land package of more than 70,000 hectares, including nine known gold deposits, four former producing mines, and a licensed gold mill. The development of these assets is the subject of a scoping study which is examining the mining of higher-grade mineralization and processing it at the Company's 100%-owned Jolu Mill.

On behalf of the Board of Directors,

Ronald K. Netolitzky, President and CEO

All of Golden Band's exploration programs and pertinent disclosure of a technical or scientific nature are prepared and/or designed and carried out under the supervision of Ron Avery, P.Geo., Golden Band's Exploration Manager, who serves as the qualified person (QP) under the definitions of National Instrument 43-101.

Forward-Looking Information: Certain information contained in this document, including any information as to our future financial or operating performance, constitutes "forward-looking statements". The Company may, from time to time, also make oral forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Many factors may affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this document are qualified by these cautionary statements. We disclaim any intention or obligation to update or revise any oral or written forward-looking statements whether as a result of new information, future events, or otherwise.

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

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