Golden Band Resources Inc.
TSX VENTURE : GBN

Golden Band Resources Inc.

April 11, 2006 15:40 ET

Golden Band Resources Inc.: High-Grade Gold Intersections in Follow-up Drilling at Birch Crossing Gold Deposit

SASKATOON, SASKATCHEWAN--(CCNMatthews - April 11, 2006) - Golden Band Resources Inc. (TSX VENTURE:GBN) is pleased to announce the drilling results from its 100%-owned Birch Crossing gold deposit in the La Ronge Gold Belt of Saskatchewan. This drilling is a follow-up of the very encouraging results announced previously in the news releases of April 23, 2004, February 21, 2005, April 5, 2005, and February 27, 2006. This new gold deposit is located three kilometres west of the Tower East gold deposit (Figure 1). Sixteen shallow, NQ-diameter, holes (BC-32 to BC-48) were completed during this follow-up phase (1,687.0 m; Table 1).

Forty-five of the 50 drillholes completed to date contain gold mineralization, most with significant intercepts. The mineralized area is at least 200 m east-west by 200 m north-south and remains open in all directions and to depth. The maximum depth tested to date is less than 110 m.

Highlights:

- BC-34: 1.91 g/t Au over 22.7 m, and 41.69 g/t Au over 0.5 m

- BC-35: 1.63 g/t Au over 20.3 m

- BC-36: 2.53 g/t Au over 26.3 m, and 3.76 g/t Au over 19.4 m

- BC-38: 32.17 g/t Au over 2.2 m

- BC-43: 4.80 g/t Au over 29.5 m

- BC-44: 9.87 g/t Au over 6.2 m

Significance:

- The gold mineralization - as currently known - is shallow and occurs in multiple zones, structures, and styles.

- This deposit could be amenable to open pit mining methods.

- Access is possible year-round by a bush road; some areas of the prospect are in swamp, however, and summer-time access for drilling will be limited.

The follow-up drilling program identified at least two structural styles of gold mineralization. The first is associated with two sub-vertical structures. The second has a sub-horizontal orientation developed between the two sub-vertical structures which are about 60 m apart in the area investigated to date. The gold mineralization in the northern sub-vertical structure is shear-hosted with wide mineralized intercepts and lower overall but still encouraging grades on the order of 1-2 g/t gold over widths up to 20 m. The southern structure, which is up to 10 m in width, contains up to two metre-wide quartz-sulphide veins which often carry bonanza grade gold intercepts. The sub-horizontal mineralization appears to be a quartz-carbonate-sulphide stockwork system with thicknesses of up to 25 m but with irregular outlines and grades in the 1 to 10 g/t Au range. This stockwork-type mineralization seems to be primarily controlled by the lithology of the host rocks. There is not yet sufficient data to estimate the mineral resources and there is no demonstrable economic viability at present for the Birch Crossing deposit.

Golden Band is very encouraged by this follow-up drilling. The results to date indicate that a new gold deposit has been discovered, the economic implications of which require additional work to define. More drilling is planned during the upcoming summer field season, with the objective to better define the geological and economic significance. The amount of the summer follow-up drilling will depend on accessibility since a greater part of the prospect is overlain by swamp.

The Birch Crossing deposit occurs within the 600 metre-wide and 30 kilometre-long east-west striking Byers Tectonic Zone, characterized by multiple tectonic movements within the metavolcanics and intrusive host rocks. The Birch Crossing prospect was discovered by Golden Band as a very strong gold-in-till anomaly in 2003. It was initially tested by two drill holes (K-61 and K-62) in 2004, 13 holes (BC-01 to BC-13) in 2005, and another 18 holes (BC-14 to BC 31) during December 2005 and January 2006.

Winter Exploration Program

During the past winter drilling season Golden Band has completed 6,951.6 meters of NQ drilling (79 drillholes) on seven early exploration stage gold prospects. Three were follow-up and four targets were new prospects which were never drilled previously. All targets were developed and found by the gold-in-till exploration method developed by Golden Band and its consultants. The following is a summary of the past winter's work:

- Burnt Rock Prospect, 2 holes (198 m), new target; see News Release February 21, 2006;

- Halfmoon Lake Prospect, 13 holes (515 m), follow up target, see News Release February 21, 2006;

- Charlie's Eye Crossing Prospect, 6 holes (833 m), new target, see News Release March 13, 2006;

- Dog Creek Bay Prospect, 11 holes (725 m), new target, see News Release April 3, 2006;

- Discovery Point Prospect, 9 holes (964 m), new target, see News Release April 3 2006;

- Birch Crossing Deposit, 34 holes (3,155.8 m), follow up target, see News Release February 27, 2006;

- Kruger Lake Prospect, four holes (560 m), follow up drilling; News Release pending receipt of assays.

All drilling programs were carried out under the supervision of Klaus Lehnert-Thiel, P.Eng., P.Geo., a qualified person. The assays were carried out at the Saskatchewan Research Council in Saskatoon, Saskatchewan. A quality control program is in place. Repeat assays of the standard fire assay results for Birch Crossing are very consistent, suggesting that even the higher-grade intervals are predominately fine-grained gold. This was confirmed by metallic screen assays on 53 high-grade samples (News Release March 2, 2006).

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.

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.



Table 1: Birch Crossing Assay Data, 2006 Winter Follow-up Drilling
Program
Aggregated Uncut Results Based on 1,345 Samples (range: 0.2 to
2.45 m, average 1.15 m)

--------------------------------------------------------------------
Total Assay Assay Assay Gold
Depth from to Interval (g/t)
Drillhole Dip (m) (m) (m) (m) (1)
--------------------------------------------------------------------
BC-32 -90 106.7 16.25 20.6 4.4 0.91
degrees -----------------------------------------
20.6 20.8 0.2 20.39
-----------------------------------------
20.8 32.0 11.2 0.57
-----------------------------------------
64.9 89.3 24.5 0.41
-----------------------------------------
95.2 101.1 5.9 0.54
-----------------------------------------
101.1 102.2 1.1 9.63
--------------------------------------------------------------------
BC-33 -90 94.5 82.7 86.9 4.2 0.78
degrees
--------------------------------------------------------------------
BC-34 -90 91.5 14.4 37.1 22.7 1.91
degrees -----------------------------------------
incl 14.4 20.6 6.2 0.35
-----------------------------------------
incl 20.6 22.5 1.9 15.64
-----------------------------------------
incl 31.6 37.1 5.5 1.85
-----------------------------------------
52.2 63.0 10.8 0.39
-----------------------------------------
67.2 74.6 7.4 0.40
-----------------------------------------
74.6 75.1 0.5 41.69
-----------------------------------------
84.9 85.8 0.9 3.80
--------------------------------------------------------------------
BC-35 -90 94.5 7.2 14.0 6.8 0.37
degrees -----------------------------------------
20.0 26.6 6.6 1.75
-----------------------------------------
59.1 79.4 20.3 1.63
-----------------------------------------
incl 59.1 72.5 13.4 0.38
-----------------------------------------
incl 72.5 73.5 1.0 22.80
-----------------------------------------
incl 73.5 79.4 5.9 0.89
-----------------------------------------
88.0 92.0 4.0 0.80
--------------------------------------------------------------------
BC-36 -90 97.5 15.5 17.0 1.5 0.59
degrees -----------------------------------------
17.0 43.3 26.3 2.53
-----------------------------------------
incl 17.0 19.0 2.0 10.79
-----------------------------------------
incl 23.0 26.1 3.1 8.96
-----------------------------------------
incl 32.2 35.0 2.8 2.48
-----------------------------------------
incl 36.8 39.8 3.1 2.52
-----------------------------------------
74.3 93.6 19.4 3.76
-----------------------------------------
incl 74.3 77.4 3.2 0.27
-----------------------------------------
incl 77.4 80.0 2.6 16.00
-----------------------------------------
incl 91.0 93.6 2.6 10.67
--------------------------------------------------------------------
BC-37 -90 91.4 11.7 16.0 4.3 0.37
degrees -----------------------------------------
16.0 19.0 3.0 3.26
-----------------------------------------
25.9 28.3 2.4 2.08
-----------------------------------------
28.3 43.0 14.7 0.45
-----------------------------------------
89.5 91.4 1.9 2.70
--------------------------------------------------------------------
BC-38 -90 95.2 3.7 8.0 4.3 1.75
degrees -----------------------------------------
14.0 19.5 5.5 1.58
-----------------------------------------
25.0 27.0 2.0 2.26
-----------------------------------------
45.7 48.5 2.8 1.03
-----------------------------------------
57.9 94.0 36.1 0.44
-----------------------------------------
94.0 96.2 2.2 32.17
-----------------------------------------
96.2 109.7 13.5 0.34
--------------------------------------------------------------------
BC-39 -90 94.5 29.5 31.5 2.0 0.37
degrees -----------------------------------------
91.0 94.5 3.5 0.59
--------------------------------------------------------------------
BC-40 -90 96.5 no intercept above 0.33 g/t Au
degrees
--------------------------------------------------------------------
BC-41 -90 91.4 13.5 15.0 1.5 0.46
degrees -----------------------------------------
37.0 63.5 26.5 0.57
--------------------------------------------------------------------
BC-42 -90 107.4 22.7 23.4 0.7 7.63
degrees -----------------------------------------
39.0 42.0 3.0 1.68
--------------------------------------------------------------------
BC-43 -90 91.4 9.3 11.0 1.7 2.39
degrees -----------------------------------------
11.0 17.0 6.0 0.33
-----------------------------------------
19.7 22.5 2.8 3.11
-----------------------------------------
40.5 70.0 29.5 4.80
-----------------------------------------
incl 40.5 46.0 5.5 2.26
-----------------------------------------
incl 46.0 47.2 1.2 18.83
-----------------------------------------
incl 64.0 68.0 4.0 1.32
-----------------------------------------
incl 68.0 70.0 2.0 50.43
--------------------------------------------------------------------
BC-44 -90 94.5 35.2 36.2 1.0 2.03
degrees -----------------------------------------
51.7 57.9 6.2 9.87
-----------------------------------------
incl 51.7 52.5 0.8 6.62
-----------------------------------------
incl 54.7 55.0 0.3 18.51
-----------------------------------------
incl 57.0 57.3 0.3 1.40
-----------------------------------------
incl 57.3 57.6 0.3 166.68
-----------------------------------------
incl 57.6 57.9 0.4 1.60
--------------------------------------------------------------------
BC-45 -90 97.6 no intercept above 0.33 g/t Au
degrees
--------------------------------------------------------------------
BC-46 -90 91.4 25.6 30.2 4.6 1.06
degrees
--------------------------------------------------------------------
BC-47 -45 125.0 no intercept above 0.33 g/t Au
degrees
--------------------------------------------------------------------
BC-48 -45 100.6 28.3 38.7 10.5 0.44
degrees -----------------------------------------
52.6 58.4 5.8 0.49
-----------------------------------------
58.4 58.7 0.3 12.97
-----------------------------------------
58.7 88.0 29.3 0.30
-----------------------------------------
88.0 94.5 6.5 6.88
-----------------------------------------
94.5 100.6 6.1 0.65
--------------------------------------------------------------------
(1) Length-weighted averages


To view Figure 1 please click on the following link: http://www.ccnmatthews.com/docs/GBN0411.pdf

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