Golden Band Resources Inc.
TSX VENTURE : GBN

Golden Band Resources Inc.

July 12, 2007 12:03 ET

Golden Band Resources: Summer Exploration Program Underway

SASKATOON, SASKATCHEWAN--(Marketwire - July 12, 2007) - Golden Band Resources Inc. (TSX VENTURE:GBN) is pleased to provide the following update on its summer exploration program in the La Ronge gold belt of northern Saskatchewan. As announced on June 18, 2007, this program consists of geological mapping and prospecting, bulk till sampling, soil gas hydrocarbon sampling, and diamond drilling.

Drilling is currently underway on the Company's Bingo deposit, with 23 drillholes (1,232.2 m) already completed in the planned 3,000 m program. The Bingo drilling consists of a series of shallow and intermediate depth holes designed to upgrade inferred to indicated-resource category mineralization and to fill-in the down-plunge extension of several mineralized areas, both of which could increase the overall tonnage of the deposit. This work will also assist in the design of the planned underground exploration (see news release of July 9, 2007).

The anticipated completion of drilling at Bingo is the end of July, after which the drill will move to the Greater Waddy Lake area. Drilling there will include the EP deposit and several advanced-stage exploration targets where previous encouraging results warrant additional testing. These targets include the Oven Lake and Charlie's Eye areas. The Charlie's Eye gold prospect was last tested in the winter program when all of the holes completed during that drill program were mineralized, with intersections returning grades ranging from 2.03 g/t gold over 3.2 m to 4.40 g/t gold over 5.0 m (see news release of April 19, 2007).

The Oven Lake drilling is based on a re-interpretation of known gold mineralization and an associated gold-in-bulk till anomaly. Drilling in 1988 reportedly intersected grades of up to 7.6 g/t gold over 1.5 m in a structure adjacent to that hosting the nearby Corner Lake gold deposit. That deposit, now 100% owned by Golden Band, was estimated in 1989 by Cameco as containing a small, high-grade gold resource. The Company has not yet updated the Corner Lake resource to NI 43-101 reporting standards. Golden Band is very optimistic that this new interpretation of the area's exploration potential will lead to a renewed focus in this highly prospective area.

About Golden Band

Golden Band Resources is a well-financed, Saskatchewan-based, publicly listed company (TSX VENTURE:GBN) 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 750 km2, including ten known gold deposits, four former producing mines, and a licensed gold mill. The Company's near-term goals call for development and production from the Bingo, Komis, and EP deposits with processing at the Company's 100%-owned Jolu mill - a project that received a positive Preliminary Economic Assessment (scoping study) on April 19, 2007. Longer-term objectives include production from the Company's other deposits and the continuation of its highly successful strategy of exploration and acquisition.

On behalf of the Board of Directors of Golden Band Resources Inc.,

Rodney G. Orr, P.Geo., President & CEO

All of Golden Band's exploration programs and pertinent disclosure of a 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. All of Golden Band's development-related programs and pertinent disclosure of a development nature are prepared and/or designed and carried out under the supervision of Gary Haywood, P.Eng., Golden Band's VP of Operations, who serves as the qualified person (QP) under the definitions of National Instrument 43-101.

Cautionary Statements on Forward-Looking Information: The statements made in this News Release may contain certain forward-looking information. Actual results may differ materially from those currently anticipated in such statements. Certain risk factors may also affect the actual results achieved by the Company.

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

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