Band-Ore Resources Ltd. - High Grade Gold Results.

TORONTO--(BUSINESS WIRE)--June 6, 1996--BAND-ORE RESOURCES LTD (CANADIAN DEALING NETWORK: BNDR ) The latest results from the ongoing diamond drilling program on the Company's 100 percent owned Thorne Property have significantly expanded the new gold zone. Since January 1996, over 60 drill holes, totaling 12,000 meters, have been completed on the property located in the Timmins, Ontario gold mining camp.

The new mineralized zones have now been traced for a minimum strike length of 300 meters and significant gold mineralization has been defined in a number of parallel zones over a width of up to 350 meters. These gold-bearing zones are open in all directions and at depth. Ore grade gold mineralization has been intersected as deep as 200 meters.

High grade gold mineralization has been intersected in the latest drilling program with assay results as high as 12 m (39.4 Ft) grading 0.24 ounces gold per ton including 0.49 ounces gold per ton over a width of 5 meters (16.4 feet). Other significant results include 2.5 meters (8.2 feet) grading 0.25 ounces gold per ton, 4.5 meters (14.8 feet) grading 0.24 ounces gold per ton, 3.5 meters (9.8 feet) grading 0.21 ounces gold per ton, 2.1 meters (6.9 feet) grading 0.26 ounces gold per ton and 3 meters (9.8 feet) grading 0.28 ounces gold per ton. (See following)

Similar mineralization has been observed in a number of holes which are currently being logged and sampled, including drill hole No. 51 where visible gold has been identified. A wide zone of mineralization consisting of a pyrite, arsenopyrite sericite schist was also intersected in drill hole No. 60, the most easterly hole drilled to date, thus extending strike length of the mineralized horizons to at least 300 meters.

The Company now has 2 drill rigs turning on the property and a third drill rig will be added later this month.

Two major mining companies (Teck and Hemlo) and four junior exploration companies entered into farm in agreements with Band-Ore on various parts of the Company's holdings away from the new discovery. These 6 companies will be conducting extensive exploration this year on the Company's properties surrounding the discovery.

On the property located 4 km to the west of the new discovery optioned by Band-Ore to Abitibi Mining Corp., 5 holes have been drilled to date. A highly altered zone consisting of quartz, ankerite sericite schist with pyrite and arsenopyrite has been intersected. Assays will be available in the near future.

Band-Ore will be holding its Annual Meeting today at 4:30 p.m. in the Essex Ballroom at the Sheraton Centre Hotel in Toronto. You are cordially invited to attend and discuss the results of our discovery with Bruce Durham and Robert Duess after the meeting.

SIGNIFICANT DRILL RESULTS FOR HOLES UP TO
AND INCLUDING HOLE No. 47

                                      Assays ( Values
                                      greater than 0.10
       (Degrees)                      oz and over minimum
Hole No. Dip   Intercept      Width   core length of 5 ft.)
                (meters)
------  ----  --------------- -----   ---------------------

Hole 37  -45    105.5 - 113   7.5 m   0.10 ounces gold per ton
                            (24.6 Ft)
                  including     2 m   0.19 ounces gold per ton
                             (6.6 Ft)

Hole 39  -45     74 - 77      3 m     0.15 ounces gold per ton
                             (9.8 Ft)
                180 - 184.2   4.2 m   0.18 ounces gold per ton
                            (13.8 Ft)

Hole 41  -45    158 - 161     3 m     0.10 ounces gold per ton
                             (9.8 Ft)
                273.5 - 276   2.5 m   0.25 ounces gold per ton
                             (8.2 Ft)
                313 - 316     3 m     0.10 ounces gold per ton
                             (9.8 Ft)

Hole 43  -45     86 - 89      3 m     0.24 ounces gold per ton
                             (9.8 Ft)
                107 - 110     3 m     0.21 ounces gold per ton
                             (9.8 Ft)

Hole 45  -45     72.5 74.4    1.9 m   0.11 ounces gold per ton
                             (6.2 Ft)
                 81.5 - 83.6  2.1 m   0.26 ounces gold per ton
                             (6.9 Ft)
                195.5 - 207.5 12 m    0.24 ounces gold per ton
                             (39.4 Ft)
                 including     5 m    0.49 ounces gold per ton
                             (16.4 Ft)

Hole 46  -45     72.4 - 74.4   2 m    0.17 ounces gold per ton
                              (6.6 Ft)
                 89 - 92       3 m    0.28 ounces gold per ton
                              (9.8 Ft)
Hole 47  -45    108.4 - 110    3.65 m 0.134 ounces gold per ton
                             (12.0 Ft)
                230.5 - 236.46  6 m   0.103 ounces gold per ton
                              (19.7 Ft)
                265.3 - 266.7   1.4 m 0.135 ounces gold per ton
                               (5.0 Ft)

NOTE: THIS PRESS RELEASE WAS PREPARED BY BAND-ORE RESOURCES LTD. WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. NO REGULATORY AUTHORITIES OR SIMILAR BODY, HAVE APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

CONTACT: Band-Ore Resources Ltd.

Forbes West, 416/868-6666

OR

Band-Ore Resources Ltd.

Wayne J. O'Connor, President, 416/365-0811