Golden Band Resources Announces Changes in Executive Team

GBN: TSX Venture Exchange

SASKATOON, Dec. 9 /CNW/ - Golden Band Resources Inc. (GBN: TSX.V) announced today that Ronald Netolitzky, Director and Chairman, is now serving as Executive Chairman of the Company. The Company also announced that Rodney Orr has resigned as President and CEO and as a Director, but will continue as a vice president of the Company. These changes are effective immediately.

Gary Leland, Golden Band's VP Finance, and CFO has resigned effective January 31, 2010 to pursue another opportunity. The management team and the Board of Directors thank Gary for his dedicated service and offer him their best wishes in his new endeavours.

    
    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 Frank Hrdy, P.Geo., Golden Band's VP Exploration, 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 potential mineralization, interpretation of prior exploration and potential exploration results, the timing and success of 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.

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SOURCE Golden Band Resources Inc.

For further information: For further information: Golden Band Resources Inc.: Rodney Orr, Vice President, Phone: (306) 955-0787 x7123, Fax: (306) 955-0788, Email: rodney.orr@goldenbandresources.com; Wani Capital Corp.: Raju Wani, (403) 240-0555, Email: info@goldenbandresources.com, www.goldenbandresources.com

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Golden Band Resources Inc.

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