Golden Band Resources Inc.

Golden Band Resources Inc.

November 02, 2006 12:26 ET

Golden Band Resources Issuing Stock Options

SASKATOON, SASKATCHEWAN--(CCNMatthews - Nov. 2, 2006) - Golden Band Resources Inc. (the "Company") (TSX VENTURE:GBN) announces that its Board has approved the issuance of a total of 600,000 options under the Company's Stock Option Plan. These options to be granted to directors of the Company, are exercisable into common shares of the Company at a price of $0.40 per share for a period of five years from the date of the grant, and will vest in accordance with TSX Venture Exchange guidelines.

On behalf of the Board of Directors,

Ronald K. Netolitzky, President

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

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