GOLDEN BAND RESOURCES HOLDS 2010 ANNUAL GENERAL MEETING and ANNOUNCES
RESOURCE DEFINITION DRILLING PROGRAM

GBN: TSX Venture Exchange

SASKATOON, Oct. 28 /CNW/ - Golden Band Resources Inc. (GBN: TSXV) reports that its Annual General Meeting (AGM) of the Shareholders was held on October 27, 2010. Business conducted at the AGM included the election of Ronald Netolitzky, Klaus Lehnert-Thiel, A. Robson Garden, Robert Ingram, Stuart Diamond, John Tosney, and Archie Nesbitt as the Company's board of directors. PriceWaterhouseCoopers LLP was voted as the Company's external auditor and an ordinary resolution was passed by the Shareholders in order for the Company to comply with changes to TSX Venture Exchange rules on company stock option plans, as were set forth in the information circular distributed to the Shareholders with the notice of this meeting.

A presentation of the pre-development activities during 2010 was given by management, a copy of which will be available on the Company's website.

La Ronge Gold Project Resource Definition Drilling Program

Golden Band Resources Inc. is also pleased to announce the following resource definition-drilling program for the Company's La Ronge Gold Project in northern Saskatchewan. Drilling of the Phase 1 program is expected to commence in November 2010, with a second Phase 2 program to follow pending assay results and interpretation of data.

Komis Gold Deposit Drilling

Phase 1 of a 1,500-metre drill program is planned to start in November. Eight drill-holes will test three high priority target areas. The objective of the drilling is to increase the high-grade Measured and Indicated Resource, estimated at 191,740 tonnes grading 7.85 g/t Au (see previous news release dated December 9^th, 2009), and also test for deeper continuation of gold mineralization below the current resource model.

The first target is gold mineralization noted during development of the exploration decline in 1996 in a shear zone and quartz veins within the Round Lake stock (0.45 oz/t over 4 metres, 0.818 oz/t over 2 metres, 0.687 oz/t over 2 metres, 0.3 oz/t over 1 metre). No records of any follow-up work have been found. Three holes are planned to test the extent of this zone.

The second target is to define the as-yet untested western limits of the Komis gold deposit which remains open along strike. Three holes are planned to test for a possible western on strike extension.

Two holes are planned to test the third target which is the down-dip continuation of the Komis deposit mineralized structures below 200 m depth. The existing geological model is based on data collected from underground diamond drilling that only went down to a vertical depth of 175 metres. 

Golden Heart Gold Deposit Drilling

Phase 1 of a 1,000-metre drill program is planned after completion of the Komis Phase 1 drilling. Nine drill-holes will in-fill the area outlined by the preliminary open pit mine design to better define the limits of the resource, and to upgrade the existing Inferred Resource;  which currently contains an estimated 671,650 tonnes grading 9.1 g/t Au (see previous news release dated December 4^th, 2009), to the Measured and Indicated Resource category.

The current geological model of the Golden Heart deposit has identified a number of high-grade areas that require further drilling to determine the extent of the high grade plunge, and increase the confidence level about the grade and the structural continuity of this gold mineralization.

Jolu and Decade Gold Deposits Drilling

Phase 1 of a 500-metre drill program is planned after completion of the Golden Heart Phase 1 drilling. Eight drill-holes will test two target areas: the Alimak Zone of the historic Jolu, and the Decade mine area. The objective of this drilling program is to improve resource data and knowledge to enable resource modelling and estimation to be completed.

The Alimak Zone of the historic Jolu mine is a shallow, high-grade gold zone in close proximity to the Jolu mill, and amenable to open pit mining. Previous drilling confirmed the existence of the high-grade zone (see previous news release dated February 3^rd, 2009) and this follow up drilling is planned to in-fill drill areas along strike and down dip to enable the company to prepare a resource estimate.

The historic Decade mine is a narrow vein, high grade gold deposit also in close proximity to the Jolu mill. Previous drilling confirmed that the plunge of the deposit may be steeper than originally thought (see previous news release dated February 3^rd, 2009) and this drilling is planned to test whether the gold mineralization has a steeper plunge.

Gary Haywood, VP Operations and COO stated "This resource drilling program is an important step towards gold production sustainability of our La Ronge Gold Project. Our business plan has been to bring successive deposits into production, and this drilling program will assist us in advancing the next generation of gold deposits in the production pipeline."

About Golden Band

Golden Band Resources, already Saskatchewan's leading gold explorer, is now poised to become the province's next gold producer. Golden Band is a Saskatchewan-based, publicly listed company (GBN: TSXV) 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 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 the development and production of 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. Golden Band's exploration programs and pertinent disclosure of a scientific nature are prepared and/or designed and carried out under the supervision of James Wong, P.Eng.,P.Geo., 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.

%SEDAR: 00007862E

For further information: