The TSX Venture Exchange has accepted for filing a memorandum of understanding between Golden Band Resources Inc. and Masuparia Gold Corp. whereby Golden Band has agreed to transfer a 50-per-cent interest in the Preview Lake property in Saskatchewan to Masuparia. The company has also agreed to transfer a 50-per-cent interest in the North Lake property in Saskatchewan to Masuparia. Consideration payable by Masuparia for the Preview Lake property is $278,430, 75,000 shares and an exploration commitment of $300,000. Consideration payable by Masuparia for the North Lake property is $150,000, 25,000 shares and an exploration commitment of $100,000. Golden Band has also been granted an option to acquire 2.5 million shares of Masuparia at an exercise price of 35 cents for a three-year period.