Golden Band Resources Issuing Stock Options



    GBN: TSX Venture Exchange

    SASKATOON, May 29 /CNW/ - Golden Band Resources Inc. (the "Company")
announces that its Board has approved the issuance of a total of 5,695,720
options under the Company's Stock Option Plan.

    The options were granted as follows:

    
                            Date of Grant   No. Of Optioned
    Position of Optionee(s)      Approval            Shares   Exercise Price
    ----------------------  -------------   ---------------   --------------

    Directors                May 29, 2009         4,900,000            $0.26
    Officers of the Company  May 29, 2009           795,720            $0.26
    

    These options to be granted to Directors and Officers of the Company, are
exercisable into common shares of the Company at a price of $0.26 per share
for a period of five years from the date of the grant, and will vest in
accordance with TSX Venture Exchange guidelines.

    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, 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 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.
    

    %SEDAR: 00007862E




For further information:

For further information: Rodney Orr, President & CEO, Golden Band
Resources Inc., Phone: (306) 955-0787, Fax: (306) 955-0788, Email:
rodney.orr@goldenbandresources.com, www.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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