Golden Band Resources Inc. - Preliminary Assay Results From 2008 Decade Gold Mine Drilling

    GBN: TSX Venture Exchange

    SASKATOON, SK, March 11 /CNW/ - Golden Band Resources Inc. (GBN:TSXV)
announced today the assay results from the second drilling program completed
in February, 2008 on the Company's 100%-owned Decade gold deposit located in
the La Ronge Gold Belt of Saskatchewan (see previous news releases of November
6, 2007 and February 7, 2008). The following table summarizes the preliminary
assay highlights, with metallic screen assays to follow when they are
received. Figure 1 shows the locations of the significant drillhole pierce
points in a longitudinal section view.

          Table 1: Decade Gold Deposit Assay Data - Initial Results
                         2008 Winter Drilling Program
      Summary of Aggregated Uncut Gold Results (greater than)4.0 g/t Au
            Based on 958 Fire Assays (including 66 check samples)
        (measured intervals are along the drillhole; range: 0.50 m to
                            2.3 m, median: 1.5 m)
    Drill-                         Drillhole              Inte-  True   Fire
     hole     Zone     Attitude      Depth    From     To  rval Width  Assay
                                      (m)      (m)    (m)   (m)  (m) (g/t Au)
    DC-11-08 North   180degrees/     37.19    8.40   8.90  0.50         7.30
    DC-12-08 Roberts 173.7degrees/   41.45   33.00  33.70  0.70        19.55
                                     37.19   32.00  33.50  1.50        15.49
    DC-13-08 Decade  179.2degrees/ including 32.00  32.70  0.70        18.96
                     -44.8degrees  ------------------------------------------
                                   including 32.70  33.50  0.80        12.45
    DC-14-08         178.6degrees          No significant assay results
                     /57.2degrees             (greater than)4 g/t Au
    DC-15-08 North   179.2degrees/           17.00  17.50  0.50        20.27
             Roberts  44.8degrees    66.14   --------------------------------
                                             26.50  28.50  2.00        14.03
    DC-16-08 North   178.6degrees/   51.82   16.50  18.00  1.50         4.18
    DC-17-08 Roberts 178.4degrees/         No significant assay results
                     -62.6degrees             (greater than)4 g/t Au
    DC-18-08 North   178.3degrees/   63.09    7.25   8.25  1.00        15.88
    DC-19-08         180degrees/          No significant assay results
                     -65degrees              (greater than)4 g/t Au
    DC-20-08 Decade  179.7degrees/           47.75  48.75  1.00         4.25
                     -42degrees      53.95   --------------------------------
                                             50.75  51.60  0.85         5.52
    DC-21-08         178.2degrees/        No significant assay results
                     -56.1degrees            (greater than)4 g/t Au
    DC-22-08 Roberts 176.4degrees/   96.62   86.50  88.50  2.00         5.08
    DC-23-08         175.5degrees/        No significant assay results
                     -44.5degrees            (greater than)4 g/t Au
    DC-24-08 Roberts 182.3degrees/   87.48   63.00  64.87  1.87         5.14
    DC-25-08         170.6degrees/        No significant assay results
                     -44.8degrees            (greater than)4 g/t Au
    DC-26-08         176.7degrees/        No significant assay results
                     -55.7degrees            (greater than)4 g/t Au
                                     63.09   37.75  40.50  2.75        26.41
    DC-27-08 Decade  171.5degrees/ including 37.75  38.80  1.05        41.67
                     -45.6degrees  ------------------------------------------
                                   including 38.80  39.60  0.80        10.32
                                   including 39.60  40.50  0.90        22.91
    DC-28-08 Decade  173.5degrees/           48.00  49.50  1.50         8.57
                     -57.5degrees    72.24   --------------------------------
                                             54.25  55.00  0.75     (greater
    DC-29-08 Decade  172.7degrees/  102.72   78.50  79.50  1.00         6.69
                Note 1: DC-28-08, interval 54.25 m to 55.0 m,
         grades (greater than)3 g/tAu but the final assay result is

    The winter 2008 drilling program at the former Decade mine consisted of
19 diamond-drill holes (NQ-diameter) totalling 1,321 m. Drillhole spacings
were typically 12.5 m apart, with the objective being to test a shallow,
high-grade gold zone (Roberts zone) just north of the former Decade mine
workings, and to extend along-strike the gold mineralized zone (Decade Zone)
tested initially during the 2007 fall program (see news release of February 7,
    Golden Band is encouraged by these initial results from the Roberts zone,
by the potential demonstrated by the extension of the Decade zone, and with
the discovery of the North Zone, all of which indicate possible higher-grade,
near-surface gold resources that could be available for near-term production
as part of the Company's plans to re-start gold production using its Jolu mill
(see news release of February 26, 2008).
    The Company's historical files for the area around the Jolu Mill note the
existence of high grade gold mineralization plunging to the west below the
existing underground workings at the former Decade mine. Drillhole values of
up to 28.5 g/t Au over 6.9 m down hole (interpreted true width of 3.0 m) and
39.0 g/t Au over 4.4 m down hole (interpreted true width of 2.2 m) are
reported on Decade mine cross-and longitudinal sections. The gold
mineralization at Decade is known to host bonanza style gold grades that are
complex and have a nugget effect.
    The former Decade mine workings are only 275 metres from the Company's
Jolu gold mill, and 600 metres from the former Jolu gold mine, all 100%-owned
by Golden Band. The Decade area was discovered in 1944 and saw limited
underground operations in the 1970's and 1990's. The deepest portion of the
existing development is approximately 50 m below surface and certain portions
of the gold mineralization were drill tested in the 1990's to about 100-150 m
below surface. In addition to small-scale gold production (40 tpd) in the
1970's, ore from Decade was milled with production from the Jolu mine in
    All of the core samples from this program were assayed by TSL
Laboratories in Saskatoon, an ISO/IEC 17025 accredited facility. Standard fire
assay with an AA finish was performed on all of the samples, and the "screened
metallic" assay method with a gravimetric finish remaining to be completed on
24 samples that were thought to contain nuggety gold. The quality
assurance/quality control of the fire assay data was monitored by sample
standards and sample blanks which were routinely inserted into the sample

    2008 Winter Drilling Program Update (Kaslo, Birch Crossing, Soil Gas
    Hydrocarbon Anomaly)

    Kaslo: Six core holes (523.6 m) were completed at the Kaslo gold
occurrence in February. The objective of this drilling was to test for the
existence of Red Cube-style gold mineralization that occurs at the Birch
Crossing gold deposit, approximately 800 m to the east. Assay results are
still outstanding.

    Birch Crossing: Nine of the planned eleven core holes (1,646 m planned)
have been completed at the Birch Crossing gold deposit. The objectives of this
program are: (i) to test for the strike and depth extensions of several gold
mineralized zones; (ii) to test for the existence of sub-horizontal gold
mineralization; (iii) to verify the character and orientation of the major
gold zones (i.e. Red Cube Zones); and (iv) to provide necessary in-fill
information to increase the level of confidence in the geological

    Soil Gas Hydrocarbon - Golden Heart: A second diamond drill was mobilized
in early March to test the SGH (soil gas hydrocarbon) anomaly near the
Company's Golden Heart gold deposit. Drilling is underway in the first of a
five-drillhole (1,150 m) program to follow-up the very strong SGH anomaly
obtained from sampling done by the Company in the summer of 2007 (see news
release of October 10, 2007). The anomaly is 200-300 m west of Golden Heart
and 300-400 m southeast of another gold mineralized area called the A Zone.
One drillhole completed in 1984 (WD84-40) that is coincident with the
northeastern edge of the SGH anomaly had intersections of 29.9 g/t Au over
0.9 m and 10.0 g/t Au over 1 m, along with other sections of up to 5 m in the
200 to 500 ppb Au range.

    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 ten
known gold deposits, four 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, 2007. 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, 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.

    Reference to "Figure 1":

    %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:,; Motivia
Communications: Roger Francis, (306) 242-0694, Toll free: 1-866-501-5651,

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