Received by email:

File: pr013017.docx

 Bandera
 Gold Ltd.

 
BANDERA TO PROCEED WITH SHARE CONSOLIDATION
Edmonton, AB, January 30, 2017-Bandera Gold Ltd. (TSXV:BGL)("Bandera") announced today that it will be proceeding with
---> a one-for-ten share consolidation in order to continue to raise equity financing for its exploration programs and gen
--->eral working capital requirements. 
At the Annual & Special Meeting of Shareholders held January 21, 2016, shareholders representing 90.80% of the votes c
--->ast at the meeting, voted in favor of the consolidation.
The consolidation will have the effect of reducing the 110,252,563 currently issued and outstanding common shares to 1
--->1,025,256 issued and outstanding common shares following the consolidation.    
Bandera will issue a subsequent news release including the news trading symbol and effective date once the TSX Venture
---> Exchange has approved the consolidation.

On Behalf of the Board,

Peter Gommerud
CEO 

For further information please contact:  
Peter Gommerud, CEO (780) 465-4129
Info@BanderaGold.com
www.banderagold.com


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the T
--->SX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 
Notice Regarding Forward-Looking Statements 

This news release contains "forward-looking statements," Statements in this press release which are not purely histori
--->cal are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions reg
--->arding the future, including but not limited to, statements regarding Bandera's share consolidation.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such facto
--->rs include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated w
--->ith obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make devel
--->opment uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obl
--->igation to update the forward-looking statements, or to update the reasons why actual results could differ from those 
--->projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions 
--->contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or in
--->tentions will prove to be accurate.