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| BGL-TSXV March 15, 2007 BANDERA ENTERS NEGOTIATIONS FOR JOINT VENTURE WITH PEÑOLES Bandera Gold Ltd. (the ?Company?) announced today that it is entering negotiations to form a joint venture with Industrias Peñoles S.A. de C.V. (Peñoles) regarding the exploration and development of its Cinco Minas silver/gold property in Mexico. Peñoles began operations in 1887 as a mining company. They have integrated operations in the areas of exploration, mining, metallurgy and chemicals, and together with its subsidiaries, make up one of Mexico?s largest industrial conglomerates. Listed on the Mexican Stock Exchange since 1968; the stock is included in the IPC index. Peñoles is one of the largest net exporters in Mexico?s private sector and is the world?s largest producer of refined silver, metallic bismuth and sodium sulphate, and a leader in Latin America in refined gold, lead and zinc. Main mining facilities Fresnillo: the world?s richest silver mine. La Ciénega: Mexico?s richest gold mine. La Herradura: Mexico?s largest gold mine. Naica: largest lead producing mine in Mexico Francisco I. Madero: Mexico?s largest zinc mine. Main metallurgical operations Met-Mex: the world?s fourth largest metallurgical complex, and the largest producer of refined silver and metallic bismuth. Main chemical operations Química del Rey: world?s largest sodium sulfate producing plant. 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 |
