Bingo gold deposit: Expanded underground exploration development is underway

	    GBN: TSX Venture Exchange

	    SASKATOON, Feb. 17 /CNW/ - Golden Band Resources Inc. (TSXV: GBN) is
pleased to announce that further underground exploration is underway at the
Company's Bingo gold deposit in preparation for mine pre-production
development work.
	    The Bingo underground work is being performed by the joint venture
between Kitsaki Mining Limited Partnership (owned by Kitsaki Management LP,
which performs for-profit economic development for the Lac La Ronge Indian
Band) and Procon Mining Partnership (a subsidiary of Procon Mining and
Tunnelling Ltd.). A General Services Agreement signed between Golden Band
Resources and the Kitsaki / Procon JV was announced by the Company on February
11, 2010.
	    The underground exploration at Bingo will see the development of two new
drifts extending from the existing decline primarily within areas categorized
as proven and probable reserves (see news releases of June 19 and November 5,
2008). The first drift, at the 1355 Level, will be approximately 30 metres
below surface, while the second drift on the 1340 Level, will be approximately
45 metres below surface. A total of 730 metres of new drifting is planned,
with the ore to be sampled, assayed, and trucked to the surface stockpile.
This intensive underground sampling program is being conducted to gain
additional essential geological information in the assessment of the Bingo
orebody, and to provide necessary information for production planning.
	    Gary Haywood, Golden Band's VP Operations and COO, notes that "This
additional underground exploration and development will provide important
information to further prepare the Bingo deposit for near-term gold
production. The 1355 and 1340 levels will be the first areas to be placed into
production, hence this new pre-production exploration development will also
provide underground infrastructure to meet our planned production schedule for
the 4th quarter of 2010."

	    La Ronge Gold Project Development Plans Update

	    The Company is also pleased to provide an update on its ongoing
development plans for the La Ronge Gold Project:

	    <<
	    -   At the Jolu mill site, work is underway to complete brush cutting for
	        the 25kV grid power line to be installed by SaskPower this summer.
	        This brush cutting is anticipated to be completed by the end of April
	        to meet the schedule for having grid power in time for the Jolu mill
	        start-up.

	    -   Final hook-up at the Jolu mill of the propane supply system for
	        heating and the installation of unit heaters within the mill
	        buildings has been scheduled for completion by March 5th.

	    -   The repair and refurbishment of the Jolu mill's jaw crusher has been
	        completed and is awaiting shipment to site for re-installation.
	    >>

	    Pending the completion of the required project financing, plans are in
place to mobilise the Kitsaki / Procon crews to the Jolu site in April to
commence the refurbishment and construction activities, including construction
of a 49-man camp, the above-ground tailings management facility, the assay
lab, and the refurbishment and upgrading of the mill's operating equipment.

	    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
Saskatchewan-based, publicly listed company (TSXV: GBN) whose focus is the
long-term, systematic exploration and development of its largely 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 twelve known gold deposits, four former producing gold mines, and
the licensed Jolu 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
development and production from its Bingo, Komis, EP, and Golden Heart gold
deposits, with processing at the 100%-owned Jolu mill. 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.,

	    <<
	    "Ronald K. Netolitzky"
	    Ronald K. Netolitzky, Executive Chairman
	    >>

	    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 and COO, who serves as the qualified person (QP) under the
definitions of National Instrument 43-101.

	    Cautionary Statements on Forward-Looking Information: The news release
includes certain "forward-looking information within the meaning of Canadian
securities legislation and "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995
(collectively "forward looking statements")." All statements other than
statements of historical fact included in this release, including, without
limitation, statements regarding planned development, potential
mineralization, interpretation of prior exploration and potential exploration
results, the timing and success of potential financing, development and
exploration activities generally, the timing and results of future resource
estimates, and future plans and objectives of Golden Band 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. Although the Company has attempted to identify important factors
that could cause actual actions, events or results to differ from those
described in forward-looking statements, there may be other factors that cause
such actions, events, or results to differ materially from those anticipated.
There can be no assurance that forward-looking statements will prove to be
accurate and accordingly readers are cautioned not to place undue reliance on
forward-looking statements.

	    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.






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	    /For further information: Gary Haywood, P.Eng., COO, Golden Band
Resources Inc., Phone: (306) 955-0787 x7124, Fax: (306) 955-0788, Email:
gary.haywood@goldenbandresources.com; Investor Relations: Raju Wani, (403)
240-0555, Email: info@goldenbandresources.com, www.goldenbandresources.com/