GOLDEN BAND RESOURCES INC. ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS
Saskatoon, Saskatchewan, February 22, 2013. Golden Band Resources Inc. (Golden Band or Company) (TSXV: GBN; OTCQX: GBRIF) reports the appointment of the following to the Board of Directors of the Company: Ed Yurkowski, Jim Dales and Paul Saxton. The following Directors have tendered their resignations, which the Company has accepted: Robson Garden, John Tosney, Klaus Lehnert-Thiel and Archie Nesbitt. We wish to acknowledge the services completed by these gentlemen to the Company and thank them for their efforts. We are especially appreciative of their willingness to continue offering their advice as requested.
A brief resume of the new directors follows:
Paul Saxton: Mr. Saxton is currently the President and Chief Executive Officer of Lincoln Mining Corporation, a junior gold exploration company listed on the TSX Venture Exchange. He possesses a degree in mining engineering and a Masters in Business Administration and sits on the board of five other publicly listed mining companies. Mr. Saxton brings over 35 years of experience in the mining industry including Cominco (now Teck Resources). Over the years, he has been involved with several mining companies in diverse positions including mining engineer, operations manager and president and has been instrumental in building four operating mines.
Edward Yurkowski: Edward Yurkowski is the Chief Executive Officer of Procon. As a founder of the Procon group of companies in 1992, Mr. Yurkowski guides the corporate governance and business development functions. Prior to that, he was President of Tonto Mining from 1981 – 1991. Mr. Yurkowski received his Bachelor of Science in Civil Engineering in 1971 from the University of Saskatchewan and he currently serves as a board member of Imperial Metals Corporation (a TSX-listed company) and Rainy Mountain Royalty Corp. (a TSXV-listed company) and serves on the advisory boards of Madison Minerals Inc., International Bethlehem Mining Corporation and Columbia Yukon Explorations Inc., all of which are TSXV-listed companies.
Jim Dales: James Dales completed his Bachelor of Science in Civil Engineering in 1971 and a year later, earned his Bachelor of Science in Mining Engineering, both from the University of Alberta. As a co-founder of the Procon group of companies, Mr. Dales is the President of Procon and is responsible for the management of all project contracts. Prior to that, he was Vice President, Operations of Tonto Mining from 1981 – 1991. Mr. Dales' previous experience includes working for a large civil contractor in various capacities up to project manager on large hydro and road tunnelling projects.
Ronald K Netolitzky and Robert G Ingram will remain on the Board. Ron will focus on establishing continuity on objectives and focus his attention towards the renewed exploration and development of the Company's extensive land holdings within the La Ronge gold belt.
About Golden Band
Golden Band Resources is a gold producer operating in the La Ronge gold belt in northern Saskatchewan and publicly listed on the TSX Venture exchange in Canada under the symbol GBN and is traded in the United States on the OTCQX under the symbol GBRIF. Commercial production was declared on April 1, 2011 and the Company has production from two mines, Roy Lloyd and Komis. Processing is at the centrally located Jolu mill, with a nominal capacity of 650 tonnes per day. The Company has been actively exploring the La Ronge Gold Belt since 1994 and has assembled a land package of 870 km2, including 13 known gold deposits and four former producing mines, being Jolu, Decade, Star Lake and Komis. The Company plans to undertake aggressive drill programs throughout the La Ronge Gold Project with the goal of significantly expanding the existing NI 43-101 gold resources that have been identified to date.
On behalf of the Board of Directors of Golden Band Resources Inc.,
"Ronald K. Netolitzky"
Ronald K. Netolitzky, Chairman
For further information please contact:
Mark J. Thiel, VP, Interim President and CEO
Golden Band Resources Inc.
Phone: 306 385 7128
Fax: 306 955 0788
Raju Wani: 403 240 0555
Tony Perri: 604 682 6852
Caution Regarding Forward-Looking Information and Statements
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the potential mineralization and geological merits of the mine properties, estimates of production, costs of production, the sufficiency and availability of capital and financing and other future plans, objectives or expectations of Golden Band Resources Inc. (Company) are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators available on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Accordingly, readers should not place undue reliance on forward-looking information. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.