Dec. 24, 2010 (Canada NewsWire Group) --

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SASKATOON, SK, Dec. 24 /CNW/ - Golden Band Resources Inc. (Golden Band or the Company) (TSXV: GBN) announces that its Board of Directors has approved the issuance of a total of 4,110,000 incentive options under the Company's Stock Option Plan. The options were granted as follows:

These options are exercisable into common shares of the Company at a price of $0.60 per share for a period of five years from the date of the grant, and will vest in accordance with TSX Venture Exchange guidelines and the Company's stock option plan.

About Golden Band
Golden Band Resources, already Saskatchewan's leading gold explorer, is now poised to also become its newest 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 km2, 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 Vice President of Operations and COO, who serves as the qualified person (QP) under the definitions of National Instrument 43-101.