GBN: TSX Venture Exchange
SASKATOON, Nov. 1 /CNW/ - Golden Band Resources Inc. (the "Company"; GBN:
TSXV) reports that its Annual General Meeting was held on October 30, 2007.
Business conducted at the AGM included the election of Ronald Netolitzky,
Klaus Lehnert-Thiel, A. Robson Garden, Robert Ingram, Stuart Diamond, and John
Tosney as the Company's board of directors. A motion to increase the number of
shares available under the Company's incentive option plan was defeated. A
presentation of the exploration and pre-development activities during 2007 was
given by management, a copy of which is available on the Company's website.
The presentation was videotaped and it will also be on the website as soon as
it is available.
A key message given during the presentation by management was that the
dual focus of continued aggressive gold exploration in parallel with the
advancement towards production would continue through 2008. 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 was
emphasized. This was demonstrated by the presence of five councillors from the
Lac La Ronge Indian Band, on whose traditional lands Golden Band is working,
who noted an appreciation of the efforts that the Company is making to inform
the Band's members about its activities and for Golden Band's plans to include
them in our work.
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 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, 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 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.
For further information:
For further information: Golden Band Resources Inc.: Rodney Orr,
President, (306) 955-0787 extension 13, firstname.lastname@example.org;
Motivia Communications: Roger Francis, (306) 242-0694, toll free: