A: I am very pleased to provide all of our investors with access to the Pre-Feasibility Study (PFS) technical report prepared for Golden Band’s La Ronge Gold Project. The level of technical and engineering details that went into this PFS exceed the usual pre-feasibility-stage criteria, reflecting the confidence our Company has to seek project financing at this point.

Given that we have an existing permitted mill and have already completed underground work on the Bingo deposit, the risks normally associated with those items are greatly reduced. Provincial Environmental Assessment permitting is expected to be completed by mid-May 2009, after which mine development and mill refurbishment can start. If earlier financing is obtained, the mill refurbishment would commence immediately under our existing permits. We are targeting gold production before year-end 2009.

The costs, assumptions and other constraints used in the PFS are conservative in nature. It must also be noted that the PFS includes only the reserves that are currently identified for the Bingo, Komis and EP deposits, as based on the available NI 43-101 Measured and Indicated Resources. While Inferred category resources cannot be included in the PFS, Golden Band is very confident that the initial four-year project described in the PFS report will be extended to at least the minimum eight-year project that was described in the company’s April 2008 Preliminary Economic Assessment report by updating resource estimates of the existing deposits and of the non-NI 43-101 compliant resources that the company already has.

And as we have always said, exploration will continue to play a very important role in the expansion of known resources, their conversion into reserves for future mining, and in the exploration for new deposits.

If you don’t read the PFS, here are the highlights:

• Proven Mineral Reserves totalling 80,000 tonnes @ 7.27 g/t gold for 18,700 ounces, and Probable Mineral Reserves of 682,000 tonnes @ 6.09 g/t gold for 133,600 ounces.
• Production of 141,400 ounces of recovered gold over an initial 4-year total project life, including a preproduction period of 4 months.
• Robust economics for a 4-year project, underpinned by mining of the high-grade Bingo deposit; excellent accessibility to grid power, water, labour and provincial highways; and existing infrastructure.
• Base case NPV (7% discount rate) after taxes and royalties of $8.5 million, for an IRR of 24.9%.
• Price of gold and exchange rates used in PFS: Y1-Y2: US$825/oz, 0.85; Y3-Y4: US$775/oz, 0.90.
• Pre-production capital cost of C$26 million with a total capital of $32.1 million over the project life and a payback of 2 years.
  • At US$900/ounce gold price, the project payback is less than one-year.
  • Since the PFS estimates were completed in January 2009, Golden Band has seen significant reductions in a number significant cost centres. The company is confident that the preproduction capital expenditure will be lower than estimated in the PFS.
• Operating cost: $112/tonne of ore; US$521/ounce; with demonstrated lower costs in the 8-year April 2008 Preliminary Economic Assessment of $67/tonne and US$427/ounce.

A: Golden Band has a long-term outlook and continued focus on maintaining good working relationships with the local communities. We prioritize on continued exploration and development of the La Ronge Gold Belt properties and have set a goal of moving into production by late 2009 – always with an ongoing commitment of doing it right. In terms of our business plan, we have a high grade gold focus, moving forward with exploration at new targeted zones. This includes underground development on 1-2 levels, underground drilling, surface drilling, and surface prospecting. We are also focusing on the Jolu area with surface drilling to take place, further data compilation, prospecting, and geophysics.

We also prioritize on overcoming various challenges that we face in preparing for production, such as the timeliness of permitting and licensing process. In the long term we are looking to maintain gold production for over 10 years in the La Ronge gold belt properties while looking at opportunities to expand capacity to at least 1,000 tonnes per day, producing some 75,000 ounces per year. Moving forward, I look forward to continuing along our path to production and the challenges and opportunities that we face as a strong and committed team.

Taking a look at the share price cycle of a typical mining company that was created by Pierre Lassonde, a Director and Chairman of Franco Nevada, I would position Golden Band at a disinterest low - number five. With our exploration and development plans moving forward we are well positioned to achieve our goal of production in 2009.

Together with all of our Directors and employees, I look forward to greatly continuing along our path to production in the new year.

A: Yes and No. Like most other junior mining companies, Golden Band is being undervalued in our stock price as a result of the market conditions. However, with our strong management and team we remain logical, strategic, and committed to proceeding with our project plans in a prudent and timely manner.

A: China is an expanding and growing economy that is continually seeking western partners to future develop their economy. Our intentions in signing the MoU is to ensure Saskatchewan gold development and production is on China's radar and to have a positive working relationship for any future opportunities that may arise.

A: We are in the process of planning our 2009 exploration program and prospects. We are looking to expand our higher-grade resources to new targets and have confirmed new high-grade mineralized areas. Surface drill program results have been received for our 2008 summer/fall exploration program.

We are currently looking to bring high-grade deposits into production to process the ore at our 500 tonne per day Jolu mill. We have started the pre-production planning scenario and will begin procurement plans early 2009. We also continue to work towards completing the permitting process and finance the project to achieve our goal of production in late 2009.

To listen to an interview with Mr. Orr regarding exporation and development in the La Ronge Gold Belt, click here for an interview on 'Vantage Wire.'