Golden Band Resources Inc.
TSX VENTURE : GBN

Golden Band Resources Inc.

December 13, 2006 18:32 ET

Golden Band Resources Increases Private Placements

SASKATOON, SASKATCHEWAN--(CCNMatthews - Dec. 13, 2006) - Further to the news release issued December 12, 2006, Golden Band Resources Inc. (TSX VENTURE:GBN) (the "Company") announced today that it has increased the size of the offerings announced in that news release. The non-brokered flow-through private placement will now consist of up to 8,333,333 common shares at a price of $0.48 per share for gross proceeds of up to $4,000,000 and the non flow-through private placement will consist of up to 2,222,222 units at a price of $0.45 per unit for gross proceeds of $1,000,000.

All other terms of the private placements as described in the December 12, 2006 news release remain the same. These financings are subject to the normal regulatory approval of the TSX Venture Exchange. The securities offered hereby will be subject to a four-month plus one-day hold period from the closing date in accordance with applicable securities laws.

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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