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| BGL-TSXV April 26, 2007 BANDERA ANNOUNCES COMMENCEMENT OF TEST PRODUCTION Bandera Gold Ltd. (BGL) is pleased to announce today that it, together with its joint venture partner, Minera San Jorge, S.A. de C.V. (MSJ), celebrated the commencement of test production with festivities at the Cinco Minas mine on April 21, 2007. We were honoured to have in attendance numerous officials representing Federal, State and Municipal levels of Government including Federico G. Lepe, Deputy Secretary Foreign Trade and Investment for the state of Jalisco. Also in attendance was the president of Behre Dolbear de México, S.A. de C.V., Baltazar Solano - Rico, qualified person (QP) for Bandera Gold under NI 43-101. On Sunday, April 22, 2007 the Secretary of Economic Promotion for the state of Jalisco, Guillermo Martinez Mora, attended the site. He dedicated the Destajos level exploration adit. With the commencement of test production, dump materials containing significant grades of silver and gold, along with high grade materials obtained at the El Abra underground workings, will be used to feed the pilot plant. Sufficient high grade feed stock is present to run the 60 tonne per day mill for the testing period. Production and sale of silver/gold concentrate is expected shortly resulting in positive cash flow from the mine. An increase in production to 300 tonnes per day is planned for the near future. Historically, the area has been mined for some 500 years. At its height, silver and gold mining in the Cinco Minas area supported a community of more than 20,000 people. In addition to the previously planned resource study by Behre Dolbear, we have expanded the scope of work to include a review of resources that will constitute the feed to the 60 tonne per day mill and its expansion to 300 tonnes per day for the next 6 months. 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 MSJ, 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. Information provided herein contains forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Bandera at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Bandera that actual results achieved will be the same in whole or in part as those indicated in the forward-looking statements. Suite 6, 3908-97 Street, Edmonton, Alberta, Canada T6E 6N2 Tel (780) 465-4129 Fax (780) 469-6040 |
