CKUA

[Arctec]

Saskatoon, January 2, 2007 -- Further to Golden Band Resources Inc.'s("Golden Band") news release dated October 30, 2006, Golden Band ispleased to announce that it now holds a 49% interest in the Greywackegold deposit following the completion of its purchase of the 49%interest from JNR Resources Inc. and Shane Resources Ltd. (the"Greywacke Vendors") for $100,000 in cash and 250,000 common shares onclosing, 250,000 common shares and on the first anniversary of theclosing, and the receipt by the Greywacke Vendors of a 2% Net SmelterReturn Royalty which allows for the buy-down to a 1% royalty for $1million. Golden Band has also acquired, in a separate transaction, the 100%interests in three contiguous claims (the "Dickens Lake Property") fromUnited Carina Resources Corp. and Star Uranium Corp. (the "DickensVendors") for $40,000 in cash and 150,000 common shares on closing,150,000 common shares on the first anniversary of the closing, and thereceipt by the Dickens Vendors of a 2% Net Smelter Return Royalty whichallows for the buy-down to a 1% royalty for $500,000. The Greywacke deposit is located approximately 90 kilometres north ofLa Ronge and is accessible by a trail extending 11 km from Highway 102. This is situated between the Company's Bingo deposit and its100%-owned Jolu gold mill. Golden Band believes that there is a goodpotential that the Greywacke deposit could contribute higher-grade millfeed to the Jolu mill as part of its plans to start gold productionfrom a number of deposits in the Belt using the Jolu mill. About Golden Band Golden Band Resources is a well-financed Saskatchewan-based companywhose focus is the long-term, systematic exploration and development ofits La Ronge Gold Belt properties, the majority of which are100%-owned. Since 1994, Golden Band has assembled through staking andstrategic acquisition a land package of more than 70,000 hectares,including ten known gold deposits, four former producing mines, and alicensed gold mill. The development of these assets is the subject ofa scoping study which is examining the mining of higher-grademineralization and processing it at the Company's 100%-owned Jolu Mill. On behalf of the Board of Directors,"Ronald K. Netolitzky", President and CEO For further information, please contact: Golden Band Resources306-955-0787