Golden Band Resources drill results from Charlie's Eye Prospect



    SASKATOON, Jan. 17 /CNW/ - Golden Band Resources Inc. (GBN:TSXV) is
pleased to announce the assay results from all 8 drillholes completed in
September and October, 2007 on the Company's 100%-owned Charlie's Eye Crossing
prospect located in the La Ronge Gold Belt of Saskatchewan. Previous
exploration results for this prospect were reported by the Company on
October 10 and April 16, 2007, and March 13 and September 20, 2006.

    
    -------------------------------------------------------------------------
     Charlie's Eye Prospect Summary Assay Data, 2007 Summer Drilling Program
                        Aggregated Uncut Gold Results
       Based on 134 Standard Fire Assays (including 11 check samples)
    (measured sample intervals are along the drillhole; range: 0.84 to 2.1 m,
                               median: 1.5 m)
    -------------------------------------------------------------------------
                          Drillhole                            True    Fire
                            Depth     From     To    Interval  Width   Assay
    Drillhole  Inclination   (m)       (m)     (m)     (m)      (m)  (g/t Au)
    -------------------------------------------------------------------------
    CE-27                             13.50   16.50    3.00     3.00    1.69
              -90 degree       36.6  ----------------------------------------
                                      20.00   21.60    1.60     1.60   19.33
    -------------------------------------------------------------------------
    CE-28     -90 degree       30.5   22.10   26.50    4.40     4.40    5.06
    -------------------------------------------------------------------------
    CE-29     -90 degree       32.0   26.50   32.00    5.50     5.50    2.87
             ----------------------------------------------------------------
                          Including   31.00   32.00    1.00     1.00   11.39
    -------------------------------------------------------------------------
    CE-30     -90 degree       36.6   25.00   33.80    8.80     8.80    1.82
    -------------------------------------------------------------------------
    CE-31                             26.90   27.74    0.84     0.84    0.96
              -90 degree       27.7  ----------------------------------------
                                                drillhole abandoned
    -------------------------------------------------------------------------
    CE-32     -90 degree       30.5    no significant results greater than
                                                     1 g/t Au
    -------------------------------------------------------------------------
    CE-33     -90 degree       36.6    7.00   14.80    7.80     7.80    1.88
    -------------------------------------------------------------------------
    CE-34     -90 degree      27.40   10.75   12.50    1.75     1.75    4.15
    -------------------------------------------------------------------------
    

    Eight vertical NQ diameter drillholes (257.9 m) were completed on a
single east-west drillhole profile in the Charlie's Eye Crossing prospect area
during September and October, 2007 (Figure 1). One drillhole (CE-31) was
abandoned before reaching the planned depth. As seen in Figure 1 (and
highlighted as red circles), each drillhole was spaced on successive 25 m
centres along a profile located 7.5 m north of an existing drillhole-indicated
gold mineralized breccia zone.
    This drilling indicates that the Charlie's Eye prospect gold mineralized
breccia ranges in thickness from 3.0 m to 8.8 m and averages 5.4 m (based on
4 drill holes), with associated gold grades ranging from 1.69 g/t Au/3.0 m to
5.06 g/t Au/4.4 m (see summary table). Higher grade assays of up to
19.33 g/t Au/1.6 m and 11.39 g/t Au/1.0 m indicate that this prospect may
display a significant nugget effect. The current drilling also confirms that
the Charlie's Eye breccia as a tabular, 1.0-9.0 m thick zone of
strong-to-intense chloritization and hematization accompanied by brittle
cataclastic deformation hosting multiple 5-40 cm wide, sulphide-bearing quartz
veins. This shallow (3-7 degree), west-dipping breccia appears to transect
both dacitic volcanic rocks and intrusive diorites which dip moderately to
steeply to the west in the prospect area. Grades associated with the quartz
are noted to range upwards of 19.33 g/t Au/1.6 m. The Charlie's Eye prospect
remains open in all directions and the existence of higher-grade gold
mineralization indicates a potential that a significant gold deposit may exist
in this area. The timing of any further work will be prioritized together with
other targets that also warrant additional exploration.
    The quality assurance/quality control of the fire assay data was
monitored by sample standards and sample blanks which were routinely inserted
into the sample sequences that were consigned for assaying to TSL Laboratories
located in Saskatoon, Saskatchewan. TSL is an ISO/IEC 17025 accredited
facility.
    Assay results from drilling done in 2007 on the EP and Decade gold mine
are still outstanding from the lab. These will be reported as soon as all the
data are received and verified by the Company.

    About Golden Band

    Golden Band Resources is a well-financed, 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 km(2), 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 has 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 exploration and acquisition
strategy.

    On behalf of the Board of Directors of

    Golden Band Resources Inc.,

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

    Figure 1: http://goldenbandresources.com/jan1708NR.html.

    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, 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.

    %SEDAR: 00007862E




For further information:

For further information: Golden Band Resources Inc.: Rodney Orr,
President, (306) 955-0787, extension 13, rodney.orr@goldenbandresources.com;
Motivia Communications: Roger Francis, (306) 242-0694, toll free:
1-866-501-5651, info@goldenbandresources.com

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