Band-Ore Signs With 3rd Partner in Timmins West Gold Camp.

TORONTO -- Band-Ore Resources Ltd. (TSX:BAN) reports that it has signed a Letter of Intent with Sydney Resource Corporation (TSX VENTURE:SYR) for an option agreement on Band-Ore's 100% owned Wakemac Property, located in Denton Township. Pursuant to the proposed terms, Sydney ("SYR") can earn an initial 60 % interest in the Wakemac property by making cash payments totalling $200,000 over four years, issuing up to 375,000 common shares of "SYR" over 3 years, and incurring exploration expenditures of $1.55 million over a 5 year period. "SYR" has an option to earn an additional 10% interest by making an additional payment of $50,000, issuing an additional 100,000 shares, and by delivering a feasibility study. This letter of intent is non binding and the formal option agreements are subject to regulatory approval, the approval of management and the Board of Directors of both Band-Ore and "SYR".

The Wakemac Property consists of 21 claims and one mining lease comprising 48 claim units, and is underlain by Archean volcanic, sedimentary and intrusive rocks; lithologies similar to those which host the majority of gold deposits in the Timmins area. The property is located approximately 4 km west of Band-Ore's Thorne Property, and approximately 8 km south west of Lake Shore Gold's (LSG) Timmins West Gold Project. The Lake Shore Gold property hosts the Timmins West Gold Deposit where the most recent resource calculation (September 2004) reports an indicated resource of 1,369,000 tonnes at an uncut grade of 16.45 grams per tonne gold or 724,000 contained ounces gold uncut (NI 43-101 compliant). Lake Shore is currently upgrading the resource calculation and completing a pre-feasibility study.

Band-Ore Resources is one of the largest land holders in the Timmins West Camp, and will now have 3 projects under option agreement, with partners including Placer Dome, Lake Shore Gold Corp. and Sydney Resource Corporation. Band-Ore maintains a full 100% interest in the Thorne Property, which has an inferred resource consisting of approximately 4 million tonnes grading 3 g/t gold or about 400,000 contained gold ounces. The inferred resource was calculated in 1998 by Mr. Joe Spiteri, an independent mining consultant, and qualifies as an "Inferred Resource" under the Guideline of National Instrument 43-101.

Exploration Update

144 Property (Porcupine Joint Venture Option)

An exploration program consisting of linecutting and ground geophysical surveying (magnetometer and induced polarization) has been completed by Placer Dome (CLA) Limited ("PDCLA", a subsidiary of Placer Dome Inc.), as Manager of the Porcupine Joint Venture (the "PJV", a joint venture between PDCLA and Kinross Gold Corporation, in which PDCLA has a 51% interest and Kinross has a 49% interest). The geophysical data is currently being reviewed, and a diamond drilling program is expected to commence in early 2006.

The PJV can earn a 70% undivided interest in the 144 Property by making cash payments totalling CDN$500,000 and incurring exploration expenditures of $CDN2.5 million, over a 5 year period. A 70% (PJV) - 30% (Band-Ore) joint venture will be formed upon completion of the earn-in. Band-Ore will not contribute to the exploration expenditures of the joint venture until a bankable feasibility has been completed. The 144 Property is contiguous to Band-Ore's Thunder Creek property under option to Lake Shore Gold.

Thunder Creek Property (Lake Shore Gold Option)

Lake Shore Gold Corp. (TSX:LSG) has entered into year 3 of the option agreement on the Thunder Creek Property, by issuing to Band-Ore a cash payment of $50,000, and 25,000 shares of LSG.. Lake Shore can earn a 60% interest in the Thunder Creek property by making cash payments totalling $370,000 and by completing exploration expenditures of $1,705,000 over five years and by issuing 100,000 shares of the Company over four years. Further exploration including diamond drilling is planned for 2006. The Thunder Creek property is adjacent to the Timmins West Gold Project of Lake Shore Gold.

100% Owned Thorne Property (Timmins, Ontario)

A series of 20 diamond drill holes have recently been completed on the Thorne Property.

Two holes (holes GW-05-4 & GW-05-5) were drilled on the west side of the Tatachikapika River, under a historical pit (1940's) located along the west shore of the Tatachikapika River. Both holes were drilled north to south, inclined at -45 degrees, and both holes intersected significant gold mineralization including 15.3 g/t over a core length of 1.5 metres.

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Hole            From (metres)    To (metres)   (a)Length        Grade
                                                     (m)     (g/t) Au
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GW-05-4
 (-45 degrees)           24.5           25.5         1.0         5.71
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                         46.6           48.5         1.9         1.36
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                        102.1          103.1         1.0        11.76
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                        141.9          142.4         0.5         1.61
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GW-05-5
 (-45 degrees)           60.5             62         1.5        15.33
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                           75             76         1.0         1.21
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                           78           78.8         0.8         1.45
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                         80.8           81.8         1.0         1.44
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(a) Note: Lengths shown are in metres and represent core lengths, not
    true widths.

18 holes were drilled in a west to east direction within the Golden River Deformation Zone, and core orientation drilling techniques were employed on several holes. This drilling was conducted in order to better understand and help define the complex geometry of previously discovered gold mineralized zones hosted within the Golden River Deformation Zone and to test for gold mineralization which may be associated with interpreted fold nose structures and other potential northerly striking features. The majority of previous drilling conducted by Band-Ore and previous operators was in either a northerly or southerly direction.

13 of these18 holes were drilled into the main portion of the Golden River East Zone. Every hole intersected gold mineralization as summarized in the following table:

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Hole                 From (m)         To (m)   (a)Length        Grade
                                                     (m)     (g/t) Au
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NZ-05-1
 (-45 degrees)           42.0           62.1        20.2         1.40
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 - including:            44.5           53.0         8.5         2.03
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NZ-05-2
 (-67 degrees)           49.3          105.9        56.6         1.00
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 - including:            49.3           88.4        39.1         1.08
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 - including:            93.5          105.9        12.4         1.19
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 - including:           101.5          104.2         2.7         3.25
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NZ-05-3
 (-45 degrees)           61.0           70.6         9.6         4.86
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 - including:            63.3           65.0         1.7        22.24
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                         81.0           88.5         7.5         2.19
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                         91.8           94.0         2.2         3.79
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NZ-05-4
 (-68 degrees)           73.4           79.3         5.9         0.56
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                         90.3          127.3        37.0         0.74
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 -including:             99.5          100.5         1.0         5.11
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 -including:            109.9          112.7         2.8         1.07
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 -including:            117.9          121.1         3.2         1.52
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NZ-05-5
 (-45 degrees)           37.7           43.0         5.3         0.47
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                         50.0           83.6        33.6         0.48
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 -including:             70.2           76.5         6.3         1.31
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NZ-05-6
 (-70 degrees)           37.0           38.4         1.4         3.87
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                         55.0           75.5        20.5         0.62
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 -including:             66.5           71.0         4.5         1.09
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NZ-05-7
 (-45 degrees)           41.0           55.0        14.0         0.55
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 -including:             48.0           50.0         2.0         1.37
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NZ-05-8
 (-45 degrees)          104.6          120.7        16.1         0.93
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 -including:            119.6          120.7         1.1         6.03
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                        125.7          128.7         3.0         0.93
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NZ-05-9
 (-50 degrees)           39.0           53.0        14.0         0.91
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                        152.0          154.0         2.0         0.79
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NZ-05-10
 (-45 degrees)           38.0           55.0        17.0         0.76
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 -including:             38.0           44.5         6.5         1.39
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                         61.0           66.2         5.2         0.78
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                         93.0          102.0         9.0         1.00
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 -including:            100.0          102.0         2.0         2.29
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NZ-05-11
 (-45 degrees)          130.5          137.9         7.4         0.75
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 -including:            130.5          132.9         2.4         1.67
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                        151.0          152.0         1.0        15.40
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                        154.5          155.5         1.0         3.02
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NZ-05-12
 (-65 degrees)           88.5          112.7        24.2         0.64
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 -including:             88.5           91.0         2.5         1.60
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 -including:            102.5          106.8         4.3         1.00
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                        130.4          131.4         1.0         4.01
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                        191.0          192.0         1.0        25.00
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NZ-05-13
 (-45 degrees)           82.0           95.5        13.5         1.40
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 -including:             89.9           95.5         5.6         2.45
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 -including:            110.8          116.2         5.4         1.36
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 -including:            111.9          116.2         4.3         1.56
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(a) Note: Lengths shown are in metres and represent core lengths, not
    true widths.

Two of the 18 holes were drilled on the west side of the Tatachikapika River, in the area of the "No. 14 Zone", returning values of up to 3.33 g/t Au over a core length of 1 metre.

3 of the 18 holes were completed in the area of the Kapika Zone, and assay results are not yet available. The Kapika Zone, discovered by Esso Minerals Canada in 1985, is located approximately 250 metres north of the Golden River East Zone. Based on a preliminary grade and tonnage calculation prepared by Esso Minerals, the Kapika Zone contains 292,228 tons grading 0.072 oz Au per ton (2.453 g/t) to a depth of 200 metres. This resource estimate does not follow the required disclosure for reserves and resources as outlined in National Instrument 43-101, and therefore does not form part of the NI 43-101 compliant inferred resource for the Thorne Property.

The Company is currently drilling on the Thibault Horizon where 7.38 g/t gold was recently intersected over a core length 1.0 metre. Additional ground geophysical surveying is also being conducted.

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)