Golden Band Resources Appoints New President and CEO

 
on October 25 2011 4:39 PM

Golden Band Resources Inc. is pleased to announce that, effective November 1, 2011, A. Robson Garden, QC, has been appointed President and CEO of Golden Band Resources and that Ronald Netolitzky will resume his non-executive Chairman’s role for the Company.

Ronald Netolitzky, Golden Band’s Chairman, states, I am very pleased that Rob Garden is Golden Band’s new President and CEO – his calibre and experience are ideally suited to the Company’s needs and future growth. Given his long tenure as a Director of the Company and his exceptionally strong background in the Saskatchewan mining industry going back over 30 years, he brings the ideal combination of involvement and understanding of our needs and our goals to lead the company on the path forward as a major part of the Saskatchewan gold exploration and mining industry.

With this important addition to Golden Band’s senior management team, I can again concentrate on exploration strategy and planning, and corporate financing matters. Together with the entire Board of Directors and Company management, I want to extend a very warm welcome to Rob in his new role.

Rob Garden has been a Director of Golden Band Resources since January 2004. He has served on a number of Golden Band Board committees including the Audit Committee. Rob has practiced law with the firm of MacPherson, Leslie and Tyerman LLP, a firm with offices in Regina, Saskatoon, Calgary, and Edmonton, for more than 35 years in his primary practice areas of natural resources and labour and employment law. He was appointed Queen's Counsel in 1992. Rob has worked extensively in the Saskatchewan mining industry, serving as general counsel to Uranerz Exploration and Mining Limited, a major German mining corporation, Key Lake Mining Corporation, and Cigar Lake Mining Corporation. Rob also acted as corporate secretary to several mining corporations and mining joint ventures in Saskatchewan, including the Key Lake Joint Venture and, since the mid-1980's, the Cigar Lake Joint Venture. He is also the Chairman of Mindoro Resources Ltd., a junior mineral exploration company with gold, copper-gold, and nickel assets in the Philippines.

Mr. Netolitzky also announced that Mr. John Tosney, P.Eng., a Golden Band Director and senior mining engineer with 49 year's experience, will serve as Executive Advisor. He also stated that the Company has made arrangements for the continuing support of two of its primary technical consultants, Ross MacFarlane and Moe Lindsay. Both of these gentlemen have decades of experience, and also are presently consulting to several senior companies. Both were intimately involved with the start-up and operation of the successful Star Lake gold mine in the La Ronge Gold Belt. The Company has agreed to award each of these consultants options for the purchase of shares in the Company. Mr. Netolitzky stated, I am confident that we now have in place a team of capable senior management backed up, in an advisory capacity, by John Tosney and assisted as required by Mr. Lindsay and Mr. MacFarlane. This team is ready, willing and able to tackle any issues that may come our way.

Mr. Netolitzky and Dr. Klaus Lehnert-Thiel, P.Eng., P.Geo., also a Company Director, geologists with combined exploration experience in northern Saskatchewan of over 90 years, will serve as the Board's Exploration Committee. Incoming President Garden said: Nobody can match the combined knowledge that Ron and Klaus have of the La Ronge Gold Belt. I am confident that we have further significant gold deposits on our land and with Ron and Klaus and our exploration team we will have an excellent shot at finding them.

About Golden Band Golden Band Resources, already Saskatchewan's leading gold explorer, is now also its newest gold producer. Golden Band is a Saskatchewan-based, publicly listed company (TSX-V: GBN) 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 875 km2, including 12 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 of being a sustainable gold producer. The Company is aggressively pursuing its near-term goal of commercial production of its Bingo, Komis, and EP deposits with processing at the 100%-owned Jolu mill. The Company’s objective is the annual production of at least 75,000 ounces of gold over a ten-year project life. Other longer-term objectives include the continuation of its highly successful exploration and acquisition strategies.

On behalf of the Board of Directors of Golden Band Resources Inc., Ronald K. Netolitzky Ronald K. Netolitzky, Chairman For further information please contact:

Rodney Orr, VP of Corporate Development, Golden Band Resources Inc. Phone: 306 385 7123 Fax: 306 955 0788 Email: rodney.orr@goldenbandresources.com

Investor Relations: Raju Wani: 403 240 0555 Tony Perri: 604 682 6852 Email: info@goldenbandresources.com www.goldenbandresources.com

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