Jun. 23, 2011 (Canada NewsWire Group) --

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GBN: TSX Venture Exchange

SASKATOON, June 23, 2011 /CNW/ - Golden Band Resources Inc. (TSX-V: GBN) is pleased to provide an update on its mining and milling operations at the Company's 100%-owned La Ronge Gold Project in northern Saskatchewan.

At the Company's Jolu gold mill operation, year-to-date gold production to June 20th was 13,130 troy ounces (408 Kg). With the mill now operating at its planned 400 tonnes per day capacity, the Company remains on track to produce 45,000 troy ounces of gold for the first year of commercial production.

During the month of May, the Company increased throughput using the low-grade stockpile from the Roy Lloyd Mine to test the Jolu mill's capability. Maximum throughput achieved over a 24-hour period was 540 tonnes, with an average of 22 tonnes/hour or 533 tonnes/day during the test period. This test provided valuable data for achieving the targeted throughput of 700 tonnes per day.

In May, ore production from Roy Lloyd Mine was predominantly from the north end of the reserve block between the 1355 and 1340 Levels. While dilution was higher than expected, ore is being mined in June from the Main zone's 1340 Level to 1355 Level with improved drilling and blasting results. The Company is working with its mining contractor, Kitsaki Procon Mining, to resolve issues with drilling and blasting that impacted production in May, and is also reviewing the mine design for the next ore production block down to the 1265 Level to improve productivity.

Gary Haywood, VP Operations and COO, reported, "We are opening up more areas for production so as to be able to mine from more than one ore block at a time. This includes the 1265 and 1295 Levels where we have increased the strike length of the ore zone beyond that identified in the prefeasibility study completed in 2009. While the initial mine production plan lacked flexibility at this early stage of development, production improvements such as this, while requiring additional ore development, will increase our overall ore tonnes available to be mined."

Table 1: Jolu Mill Operating Data

Golden Band Resources will report production statistics on a quarterly basis consistent with the timing of the Company's financial reporting and MD&A reports.

About Golden Band
Golden Band Resources, already Saskatchewan's leading gold explorer, is now 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 765 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 the development and production of its Bingo, EP, Komis, 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 exploration programs and pertinent disclosure of a scientific nature are prepared and/or designed and carried out under the supervision of Charlie Harper, P.Geo., who serves as the qualified person (QP) under the definitions of National Instrument 43-101.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: This document includes statements and information about the Company's expectations for the future. When Golden Band's strategy, plans and future financial and operating performance, or other things that have not yet taken place, are discussed, the Company is making statements considered to be forward-looking information or forward-looking statements under Canadian and United States securities laws. Such forward-looking information and statements in this document are referred to as "forward-looking information".

Generally, forward-looking information can be identified by the use of forward-looking terminology such as, for example, "plans", "expects" or "does not expect", "is expected", "budget", "goal", "target", "project", "potential", "strategy", "outlook", "scheduled", "predicts", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes", and similar expressions, or the negative connotation thereof or variations of such words and phrases or statements that certain actions, events or results, "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof. Forward-looking information contained in this document includes, but is not necessarily limited to, statements with respect to the Company's expectation of being able to conduct the necessary work to complete its obligations under the agreement discussed herein.

Readers are cautioned that the forward-looking information in this document represents Golden Band's current views and can change significantly. Forward-looking information contained in this document is based on certain material assumptions, including, but not limited to:

• the accuracy and reliability of historical information, including resource estimates;
• geological and other conditions that may affect exploration, development, and the amenability for mining;
• the Company's ability to comply with current and future environmental, safety and other regulatory requirements, and to obtain and maintain required regulatory approvals; and
• the Company's operations not being significantly disrupted as a result of political instability, nationalization, terrorism, sabotage, blockades, breakdown, natural disasters, governmental or political actions, litigation or arbitration proceedings, or other development or operating risks;

Readers are cautioned that such assumptions are not exhaustive and may prove to be incorrect. Although the Company believes that the assumptions on which the forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking statements because Golden Band can give no assurance that they will prove to be correct.

Actual results and events may be significantly different from those currently expected due to a number of material risks. These include, but are not limited to:

• the Company's inability to enforce its legal rights, or its being subject to litigation or arbitration that has an adverse effect on the Company;
• defects in title to the Company's properties;
• the Company's reserve and resource estimates being inaccurate;
• unexpected or challenging geological, hydrological or mining conditions;
• environmental, safety and regulatory risks, including increased regulatory burdens or delays;
• the Company's inability to obtain or maintain necessary permits or approvals from government authorities or other third parties;
• changes to government regulations or policies, including, but not limited to, tax and trade laws and policies;
• natural phenomena, including, but not limited to, inclement weather, fire, and flooding; and,
• operational disruption of the Company due to problems and other developments and operating risks.

In addition, Golden Band's annual and interim MD&A, which are available on SEDAR at www.sedar.com, include a discussion of other material risks that could cause actual results to differ significantly from the Company's current expectations.

Forward-looking information is designed to help the reader understand management's current views of the Company's near and longer term prospects, and it may not be appropriate for other purposes. The forward-looking information contained in this document is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The forward-looking information is expressly qualified by these cautionary 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.