Golden Band Resources Inc.
TSX VENTURE : GBN

Golden Band Resources Inc.

April 04, 2006 09:30 ET

Golden Band Discovers a Second Gold Prospect North of the Komis Deposit

SASKATOON, SASKATCHEWAN--(CCNMatthews - April 4, 2006) - Golden Band Resources Inc. (TSX VENTURE:GBN) is pleased to announce the drilling results from its 100%-owned Dog Creek Bay and Discovery Point prospects in the La Ronge Gold Belt of Saskatchewan. This drilling is a follow-up of two of the three major gold-in-till anomalies that Golden Band has discovered since 2003 by bulk till sampling north of the Komis mine (Figure 1). All three anomalies are less than three kilometres north of the Komis deposit, for which measured plus indicated resources of 919,283 tonnes grading 4.04 grams per tonne gold (119,500 ounces) were recently announced by Golden Band Resources (news release of April 6, 2005). The results of the first target drilled this year, Charlie's Eye Crossing, were released on March 13, 2006. The locations of all three targets and the Komis deposit are shown on Figure 1.

Dog Creek Bay Prospect

Eleven holes (725.4 m) were drilled on this target which is under Upper Waddy Lake. Seven are short, vertical, holes in the 30 to 40 m-length range. The remaining four were 120 m-long inclined holes to follow-up positive indications seen in the shallower drillholes. All results are summarized in Table 1 and a map of the collar locations is attached as Figure 2. The best results were obtained in DB-03 which returned 1.23 gpt Au over 5.4 m. This sample is very close to the sub-surface, and the preliminary conclusion is that at least a portion of the sub-cropping source of the gold-in-till anomalies has been found. The gold mineralization in the core is associated with strong biotitization within andesitic host rocks. More drilling will be required to evaluate this prospect. The strength of the till anomaly would suggest that the source is only partially located.

Discovery Point Prospect

Nine holes (364.3 m) were completed on this target which is also under Upper Waddy Lake. All nine drillholes were vertical holes in the 40 to 50 m-length range. The results are summarized in Table 2 and the collar locations are shown in Figure 2. Only minor gold mineralization in the 0.1 to 0.7 gpt Au range was found in volcanic rocks. The magnitude of the till anomaly is such that the source has not been located. More surface work is planned along the shore lines to the north and south of this target during the upcoming summer to better-define the possible source of the gold-in-till anomaly.

Current Drilling Programs: Birch Crossing Follow-Up and Kruger Lake

Seventeen follow-up holes (1,687.1 m) were completed on the Birch Crossing prospect during February/March 2006. Core samples are presently being assayed and the results will be released as they become available. It is not expected that all the assay results will be available until late April. The results from the very encouraging initial 2006 drilling were announced previously by the Company on February 27, 2006.

A four drillhole (600 m) drilling program at the Kruger Lake project has just been completed. This prospect located six kilometres north of the Company's Bingo deposit.

The drilling programs are carried out under the supervision of Klaus Lehnert-Thiel, P.Eng., P.Geo., a qualified person. All assays were performed at the Saskatchewan Research Council in Saskatoon, Saskatchewan. A quality control program is in place.

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. These studies are now expected from the independent consultants in May 2006.

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. 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.

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 statements.



Table 1: Dog Creek Bay Prospect Assay Data, 2006 Winter Drilling
Program
Aggregated Uncut Results Based on 445 Samples
(range: 0.2 to 3.05 m, average 0.1.1 m)
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Standard Fire Assay
---------------------------------
Total From To Interval Gold
Drillhole Dip Depth (m) (m) (m) (gpt)(1)
------------------------------------------------------------------
DB-01 -90 degrees 33.5 no significant intersections
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DB-02 -90 degrees 33.5 no significant intersections
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DB-03 -90 degrees 36.6 27.0 32.4 5.4 1.23
------------------------------------------------------------------
DB-04 -90 degrees 33.5 no significant intersections
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DB-05 -90 degrees 27.5 18.0 21.4 3.4 0.34
------------------------------------------------------------------
DB-06 -90 degrees 45.7 31.0 33.0 2.0 0.11
---------------------------------
40.5 41.0 0.5 0.13
------------------------------------------------------------------
DB-07 -90 degrees 30.5 19.8 23.0 3.2 0.14
---------------------------------
25.8 26.5 0.7 0.75
------------------------------------------------------------------
DB-08 -60 degrees 118.9 22.9 35.3 12.5 0.17
---------------------------------
45.1 49.8 4.7 0.07
---------------------------------
70.0 76.1 6.1 0.30
---------------------------------
83.6 89.0 5.4 0.40
---------------------------------
89.0 89.9 0.9 9.92
---------------------------------
89.9 91.0 1.2 0.13
------------------------------------------------------------------
DB-09 -60 degrees 128.0 24.0 27.0 3.0 0.16
---------------------------------
42.7 46.5 3.8 0.12
---------------------------------
50.5 51.5 1.0 0.11
---------------------------------
71.2 76.2 5.0 0.31
---------------------------------
106.0 108.4 2.4 0.11
---------------------------------
119.4 119.7 0.3 1.74
---------------------------------
122.1 122.5 0.5 1.89
------------------------------------------------------------------
DB-10 -60 degrees 118.9 36.0 37.5 1.5 0.18
---------------------------------
77.5 81.2 3.7 0.17
---------------------------------
87.0 87.7 0.7 0.34
---------------------------------
114.0 117.0 3.0 0.22
------------------------------------------------------------------
DB-11 -60 degrees 118.9 30.3 31.7 1.4 0.10
---------------------------------
42.7 44.2 1.5 0.20
---------------------------------
52.5 52.9 0.4 0.31
---------------------------------
54.6 55.8 1.2 1.86
---------------------------------
59.1 60.2 1.1 0.20
---------------------------------
69.8 73.8 4.1 0.25
---------------------------------
81.0 82.3 1.3 0.12
---------------------------------
91.9 94.5 2.7 0.18
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Table 2: Discovery Point Prospect Assay Data, 2006 Winter Drilling
Program
Aggregated Uncut Results Based on 138 Samples
(range: 0.2 to 2.7 m, average 0.1.2 m)
------------------------------------------------------------------
Standard Fire Assay
---------------------------------
Total From To Interval Gold
Drillhole Dip Depth (m) (m) (m) (gpt)(1)
------------------------------------------------------------------
DP-01 -90 degrees 51.8 no significant intersections
------------------------------------------------------------------
DP-02 -90 degrees 45.7 36.2 38.5 2.3 0.28
---------------------------------
44.0 45.7 1.7 0.68
------------------------------------------------------------------
DP-03 -90 degrees 33.5 no significant intersections
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DP-04 -90 degrees 39.6 no significant intersections
------------------------------------------------------------------
DP-05 -90 degrees 39.6 no significant intersections
------------------------------------------------------------------
DP-06 -90 degrees 48.8 39.1 42.7 3.7 0.10
------------------------------------------------------------------
DP-07 -90 degrees 33.5 no significant intersections
------------------------------------------------------------------
DP-08 -90 degrees 35.3 no significant intersections
------------------------------------------------------------------
DP-09 -90 degrees 36.5 no significant intersections
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DP-10 -90 degrees hole abandoned
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(1) Length-weighted averages.



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