SASKATOON, Feb. 22, 2013 /CNW/ - Golden Band Resources Inc. (Golden Band
or Company) (TSXV: GBN) (OTCQX: GBRIF) reports the appointment of the following to the Board of Directors of
the Company: Ed Yurkowski, Jim Dales and Paul Saxton. The following
Directors have tendered their resignations, which the Company has
accepted: Robson Garden, John Tosney, Klaus Lehnert-Thiel and Archie
Nesbitt. We wish to acknowledge the services completed by these
gentlemen to the Company and thank them for their efforts. We are
especially appreciative of their willingness to continue offering their
advice as requested.
A brief resume of the new directors follows:
Paul Saxton: Mr. Saxton is currently the President and Chief Executive
Officer of Lincoln Mining Corporation, a junior gold exploration
company listed on the TSX Venture Exchange. He possesses a degree in
mining engineering and a Masters in Business Administration and sits on
the board of five other publicly listed mining companies. Mr. Saxton
brings over 35 years of experience in the mining industry including
Cominco (now Teck Resources). Over the years, he has been involved
with several mining companies in diverse positions including mining
engineer, operations manager and president and has been instrumental in
building four operating mines.
Edward Yurkowski: Edward Yurkowski is the Chief Executive Officer of
Procon. As a founder of the Procon group of companies in 1992, Mr.
Yurkowski guides the corporate governance and business development
functions. Prior to that, he was President of Tonto Mining from 1981 -
1991. Mr. Yurkowski received his Bachelor of Science in Civil
Engineering in 1971 from the University of Saskatchewan and he
currently serves as a board member of Imperial Metals Corporation (a
TSX-listed company) and Rainy Mountain Royalty Corp. (a TSXV-listed
company) and serves on the advisory boards of Madison Minerals Inc.,
International Bethlehem Mining Corporation and Columbia Yukon
Explorations Inc., all of which are TSXV-listed companies.
Jim Dales: James Dales completed his Bachelor of Science in Civil
Engineering in 1971 and a year later, earned his Bachelor of Science in
Mining Engineering, both from the University of Alberta. As a
co-founder of the Procon group of companies, Mr. Dales is the President
of Procon and is responsible for the management of all project
contracts. Prior to that, he was Vice President, Operations of Tonto
Mining from 1981 - 1991. Mr. Dales' previous experience includes
working for a large civil contractor in various capacities up to
project manager on large hydro and road tunnelling projects.
Ronald K Netolitzky and Robert G Ingram will remain on the Board. Ron
will focus on establishing continuity on objectives and focus his
attention towards the renewed exploration and development of the
Company's extensive land holdings within the La Ronge gold belt.
About Golden Band
Golden Band Resources is a gold producer operating in the La Ronge gold
belt in northern Saskatchewan and publicly listed on the TSX Venture
exchange in Canada under the symbol GBN and is traded in the United
States on the OTCQX under the symbol GBRIF. Commercial production was
declared on April 1, 2011 and the Company has production from two
mines, Roy Lloyd and Komis. Processing is at the centrally located Jolu
mill, with a nominal capacity of 650 tonnes per day. The Company has
been actively exploring the La Ronge Gold Belt since 1994 and has
assembled a land package of 870 km2, including 13 known gold deposits and four former producing mines,
being Jolu, Decade, Star Lake and Komis. The Company plans to undertake
aggressive drill programs throughout the La Ronge Gold Project with the
goal of significantly expanding the existing NI 43-101 gold resources
that have been identified to date.
On behalf of the Board of Directors of Golden Band Resources Inc.,
"Ronald K. Netolitzky"
Ronald K. Netolitzky, Chairman
Caution Regarding Forward-Looking Information and Statements
This news release includes certain forward-looking statements or
information. All statements other than statements of historical fact
included in this release, including, without limitation, statements
relating to the potential mineralization and geological merits of the
mine properties, estimates of production, costs of production, the
sufficiency and availability of capital and financing and other future
plans, objectives or expectations of Golden Band Resources Inc.
(Company) 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. Important factors
that could cause actual results to differ materially from the Company's
plans or expectations include risks relating to the actual results of
current exploration activities, fluctuating gold prices, possibility of
equipment breakdowns and delays, cost overruns, availability of capital
and financing, general economic, market or business conditions,
regulatory changes, timeliness of government or regulatory approvals
and other risks detailed herein and from time to time in the filings
made by the Company with securities regulators available on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated, or intended. Accordingly,
readers should not place undue reliance on forward-looking information.
The Company expressly disclaims any intention or obligation to update
or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise required by
applicable securities legislation.
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:
Mark J. Thiel, VP, Interim President and CEO
Golden Band Resources Inc.
Phone: 306 385 7128
Fax: 306 955 0788
Raju Wani: 403 240 0555
Tony Perri: 604 682 6852