Golden Band Resources Graduates to Tier 1 Listing on the TSX Venture Exchange



    GBN: TSX Venture Exchange

    SASKATOON, Oct. 4 /CNW/ - Golden Band Resources Inc. (GBN: TSXV)
announced today that it has successfully graduated to the Tier 1 issue level
on the TSX Venture Exchange (the "TSXV"), effective today.
    As defined in TSXV Policy 2.1, a Tier 1 listing represents the TSXV's
premier tier and is reserved for the most advanced public companies with the
most significant financial resources. A Tier 1 listing permits the Company to
take advantage of a more favourable regulatory environment and financing
mechanisms. It also increases the opportunity for additional institutional
participation in the Company.
    "This is another step in the evolution and growth of Golden Band," said
Rodney Orr, President and CEO. "Our path to production requires strong
business strategy, sound management, and demonstrated expertise. Becoming a
Tier 1 Issuer is a measure of success in al of these areas."

    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, EP,
and Tower East deposits with processing at the Company's 100%-owned Jolu mill.
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 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 by Golden Band Resources Inc. 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: Please note the new toll free phone number for
Golden Band is 1-866-501-5651; 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

Organization Profile

Golden Band Resources Inc.

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