GBN: TSX Venture Exchange
SASKATOON, Oct. 28 /CNW/ - Golden Band Resources Inc. (GBN: TSXV) reports
that its Annual General Meeting was held on October 27, 2008. Business
conducted at the AGM included the election of Ronald Netolitzky, Klaus
Lehnert-Thiel, A. Robson Garden, Robert Ingram, Stuart Diamond, John Tosney,
and Rodney Orr as the Company's board of directors. A presentation of the
exploration and pre-development activities during 2008 was given by
management, a copy of which will be available on the Company's website, as
will be the remarks presented on the Company's achievements in 2008 and its
plans for 2009.
Highlights included the very successful exploration programs and the
considerable advances in pre-development work, including the recent start of
the Bingo gold deposit's underground exploration program, that are leading to
planned re-starting of gold production in Saskatchewan's La Ronge gold belt.
The significance of the Company's long-term and forward-thinking strategies
About Golden Band
Golden Band Resources, already Saskatchewan's leading gold explorer, is
now poised to also become a gold producer. Golden Band 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 12
known gold deposits, five former producing mines, and a licensed 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 100%-owned Bingo,
Komis, and EP deposits with processing at the 100%-owned Jolu mill - a project
that received a positive expanded Preliminary Economic Assessment (scoping
study) on February 26, 2008 (filed on SEDAR on April 10, 2008). 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
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
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 materially affect the actual results
achieved by the Company. Potential and current shareholders are cautioned not
to place undue reliance on forward-looking information. The Company undertakes
no obligation to update publicly or otherwise revise any forward-looking
information whether as a result of new information, future events, or other
such factors that may affect this information, except as required by law.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Rodney Orr, President & CEO, Golden Band
Resources Inc., Phone: (306) 955-0787, x7123; Fax: (306) 955-0788, Email:
email@example.com, www.goldenbandresources.com; Motivia
Communications: Roger Francis, (306) 242-0694, x5, Toll free: 1-866-501-5651,