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| TSXV: BGL February 28, 2007 Cinco Minas Exploration Update As previously reported, the object of Bandera?s exploration program is to increase the geological knowledge of the property and develop significantly greater resource definition. To that end, Bandera has commissioned Behre Dolbear to review the existing geological interpretation of El Abra cross-sections and to define a recommended drilling program to support the classification of proven/probable reserves in this area. This review has already begun and is expected to be completed by late March, 2007. In addition, exploration and development at the San Diego level has begun with the drilling and blasting of the high grade footwall section of the mineralized area in order to connect with existing underground workings at that level. Cinco Minas Production Update Dry run testing of the crushing equipment (jaw and cone crushers), conveyance system and milling equipment (60 tonne ball mill and 10 tonne regrind mill) is presently taking place. Wet run testing of the complete circuit will take place during the month of March, 2007. High grade materials obtained through drilling and blasting to connect to the San Diego adit will supplement existing high grade feed to the 60 ton per day pilot plant. The technical information contained in this news release was collected and compiled by Bandera Gold and reviewed by Baltazar Solano-Rico, Geol. Eng., M.Sc., General Director, Behre Dolbear de Mexico, S.A. de C.V., a qualified person under NI43-101. Bandera Gold Ltd. is a Junior Canadian Exploration Company whose corporate strategy is to build shareholder value by finding and developing overlooked and undervalued mineral properties in North America and South America. By partnering with an experienced mining and mineral exploration entity, the Company?s core focus will be the continued exploration and advancement of the Cinco Minas property in Mexico to production, exploration of the Gran Cabrera property in Mexico and the exploration of the Belmira property in Colombia. On behalf of the Board Kelvin Williams, CEO For further information please contact: Kelvin Williams, President (780) 465-4129 Web: www.banderagold.com Or Micro Cap et al, Investor Relations at: (877) 642-7622 E mail: info@microcapetal.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The foregoing information may contain forward-looking statements relating to the future performance of Bandera Gold Ltd. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Corporation?s filings with the appropriate securities commissions. Suite 6, 3908-97 Street, Edmonton, Alberta, Canada T6E 6N2 ∙ Tel (780)465-4129 ∙ Fax (780) 469-6040 |
