Band-Ore And Placer Dome Sign Letter Of Intent On Timmins, Ontario Gold Project.

TORONTO -- Band-Ore Resources Ltd. (TSX:BAN) is pleased to report that it has signed a Letter of Intent with Placer Dome (CLA) Limited, Manager of the Porcupine Joint Venture, for an option agreement on 36 claims (56 claim units) located in Carscallen, Thorneloe, and Denton Townships, termed the "144 Property". Pursuant to the proposed terms, the Porcupine Joint Venture can earn a 70% undivided interest, by making cash payments totalling $500,000 and incurring exploration expenditures of $2.5 million, over a 5 year period. A 70% - 30% joint venture will be formed upon completion of the earn in. Band-Ore will not contribute to the exploration expenditures to the Joint Venture until a bankable feasibility has been completed. This letter of intent is non binding, and the formal option agreements are subject to the approval of management of Placer Dome (CLA) Limited, the Porcupine Joint Venture, and the Board of Directors of Band-Ore. Once the final agreements have been executed, full details of the terms will be released.

The claims which comprise the "144 Property" cover the western portion of Band-Ore's 100% owned "Thorne Property" and are contiguous to the south of the "Thunder Creek" property which is currently under option to Lake Shore Gold Corp. (LSG-TSXV)." See the property map for the claim location on www.band-ore.com.

The "144 Property" hosts an ultramafic intrusive body similar to that which occurs on Lake Shore's "Timmins Gold" property. This ultramafic body extends for over 1.8 kilometres to the southwest onto the "144 Property". Lake Shore Gold announced that two significant gold bearing zones were intersected in this geological environment during a diamond drill program conducted on the "Thunder Creek Property", with gold values up to 5.84 grams per tonne over 2.05 metres. (see press release dated February 14, 2005).

This press release has been reviewed and approved for release by Robert Duess, Professional Geologist, and the Company's Qualified Person.

Safe Harbour - Certain statements in this document constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, to be materially different from any future results, performance or achievements expressed by such forward-looking statements. Such factors include, among others, exploration works as detailed within may not be continually successful, that by virtue of exploration there is never a guarantee of economic or profitable outcomes; that exploration companies may have a history of operating losses and no guarantee of future profitability or uncertainty of access to additional capital, environmental liability claims and insurance; dependence on and priority conflicts joint-venture partners; should the company profiled herein seek such a partner.

S.E.C. EXEMPTION: #82-4233

SHARES: 39,673,147

Band-Ore Resources Ltd. (TSX:BAN)