GOLDEN BAND RESOURCES ANNOUNCES COMMERCIAL PRODUCTION ACHIEVED AT LA RONGE GOLD PROJECT

SASKATOON, April 20 /CNW/ - Golden Band Resources Inc. (GBN: TSXV) is pleased to announce that effective April 1st, 2011 the Company's 100%-owned La Ronge Gold project in northern Saskatchewan had attained commercial production. The Company is also pleased to provide an update on other development activities associated with the La Ronge Gold Project.

Jolu Gold Mill Operation

The Company's Jolu gold mill processed a total of 9,912 dry tonnes of high-grade ore from the Roy Lloyd mine during March, producing 3,349 troy ounces (107.7 Kg) of gold, with a recovered grade of 10.25 g/t Au. Total gold production to April 18th is 6,586 troy ounces (211.7 Kg), and the Company is on track to achieve its target of 45,000 troy ounces of gold for the first year of commercial production.

Ron Netolitzky, Executive Chairman, reported "We have reached the last milestone of Golden Band's Plan for Production with this significant achievement. Our goal is to now build on the established level of production by bringing two new mines, EP and Komis, on stream within the next twelve months. This will see us increase our production level to the 70,000-ounce gold per year mark. We are also embarking on a program to replace reserves and increase our resource base for longer term future production."

Roy Lloyd Mine Operation

Production operations at Roy Lloyd mine have ramped up to the planned target 350 tonnes per day (tpd) with ore production established from two mine production blocks on the 1340 Level.

Development of the next production area, including the 1325, 1295 and 1265 Levels, has now been completed and all infrastructure is in place to establish additional mine production blocks.

Development of the decline to extend ramp access below the existing 1265 Level is continuing and has reached the 1245 Level, approximately 150 metres below surface. Development will continue to establish access to future production levels, however the priority is to gain access at the 1200 Level to enable an underground resource expansion drilling program to proceed later this year. This diamond drilling is to convert the current inferred resource of 155,074 tonnes at 13.89 grams/tonne gold to the measured and indicated resource category and allow production planning to a depth of 400 metres.

Komis / EP Mine Operation

At the Company's Komis / EP site, mobilization has been completed for start of mining operations, and waste pre-stripping on the EP open pit mine has commenced. It is anticipated that ore haulage from the site to the Jolu mill will commence in June, 2011, which will allow mill throughput to be increased to 700 tpd.

Preparations have also commenced for dewatering the past-producing Komis underground mine. Rock has been cleared from the mine entrance and pumping of mine water from the workings is expected to commence in April. Dewatering is expected to take up to 2 months to complete.

About Golden Band

Golden Band Resources, already Saskatchewan's leading gold explorer, is now its newest gold producer. Golden Band is a Saskatchewan-based, publicly listed company (GBN: TSXV) 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 twelve known gold deposits, four former producing gold mines, and the licensed Jolu gold mill. Golden Band's key value drivers are the methodical and systematic targeting of primary to advanced-stage exploration while progressing along a parallel path to becoming a sustainable gold producer. The Company is aggressively pursuing its near-term goal for the development and production of its Bingo, EP, Komis, and Golden Heart gold deposits, with processing at the 100%-owned Jolu mill. Longer-term objectives include production from the Company's other deposits and the continuation of its highly successful exploration and acquisition strategy.

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

"Ronald K. Netolitzky"
Ronald K. Netolitzky, Executive Chairman

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 Charlie Harper, P.Geo., 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 and COO, who serves as the qualified person (QP) under the definitions of National Instrument 43-101.

Cautionary Statements on Forward-Looking Information: The news release includes certain "forward-looking information within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward looking statements")." All statements other than statements of historical fact included in this release, including, without limitation, statements regarding planned development, potential mineralization, interpretation of prior exploration and potential exploration results, the timing and success of potential financing, development and exploration activities generally, the timing and results of future resource estimates, and future plans and objectives of Golden Band are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Golden Band Resources Inc.

For further information:

Gary Haywood, P.Eng., COO
Golden Band Resources Inc.
Phone: 306 955 0787 x7124
Fax: 306 955 0788
Email: gary.haywood@goldenbandresources.com
Investor Relations:
Raju Wani, 403 240 0555
Tony Perri: 604 682 6852
Email: info@goldenbandresources.com
www.goldenbandresources.com

 

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Golden Band Resources Inc.

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