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File: pr032917.docx

 Bandera
 Gold Ltd.

 
BANDERA  REPORTS DRILL RESULTS OF SURFACE
DIAMOND DRILL PROGRAM ON THE TAYLOR BROOK PROPERTY    
 
Edmonton, AB, March 29, 2017-Bandera Gold Ltd. (TSXV:BGL) ("Bandera")  reports drill results on two holes (TBD 16 - 40
---> and 41) of an initial diamond drill program at its Taylor Brook  lead - zinc - silver Property in the Bathurst Mining
---> Camp, New Brunswick (see press release February 22, 2017)  

Both drill holes were designed to test the extension of a mineralized horizon intersected in hole TBD 14 - 39. This ho
--->le (drilled in 2014) intersected two zones, 2.5 meters of massive to semi-massive sulphide returning low grade lead zi
--->nc grading 2.5% combined Pb/Zn and a lower zone returning 4.47 % combined Pb/Zn across 8 meters. 

Hole 16-40 intersected 3.4% lead, 5.53 % zinc and 126 gm/t silver across 1.23 metres. Both drill holes intersected the
---> same mineralized horizon and extended the known zone approximately 100 metres to the east. 
Results for hole TBD 16 - 40 (azimuth 360 degrees, dip -60 degrees) are presented in the following table. The true wid
--->ths of these intersections are not known. 


 
 
 
 
 
 
 
 From
 To
 Width 
 Pb
 Zn
 Ag
 Au
 
 
 
 metres
 %
 %
 g/t
 ppb
 
 
 
 
 
 
 
 
 
 79.5
 81
 1.5
 <0.01
 <0.01
 1
 5
 
 81
 82
 1
 0.27
 0.58
 17
 73
 
 82
 83.2
 1.2
 0.19
 0.75
 12
 120
 
 83.2
 84.75
 1.55
 0.09
 0.28
 7
 55
 
 84.75
 86.8
 2.05
 0.12
 0.62
 6
 37
 
 86.8
 88.03
 1.23
 3.4
 5.53
 126
 276
 
 88.03
 88.65
 0.62
 0.07
 0.55
 4
 68
 
 88.65
 90
 1.35
 0.02
 0.05
 3
 59
 
 
 
 
 
 
 
 
 
 


Results for hole TBD 16 - 41 (azimuth 360 degrees, dip -60 degrees) are presented in the following table. The true wid
--->ths of these intersections are not known
From
 To
 Width 
 Pb
 Zn
 Ag
 Au
 
 
 
 metres
 %
 %
 g/t
 ppb
 
 
 
 
 
 
 
 
 
 101
 102.88
 1.88
 0.01
 0.01
 0
 16
 
 102.88
 104.2
 1.32
 0.33
 1.44
 10
 158
 
 104.2
 105.75
 1.55
 0.21
 0.47
 7
 101
 
 105.75
 106.4
 0.65
 0.54
 1.9
 20
 128
 
 106.4
 107.6
 1.2
 0.02
 0.04
 1
 96
 
 107.6
 108.2
 0.6
 0.05
 0.26
 2
 37
 
 
 
 
 
 
 
 
 
 
Drill core (NQ) was transported to the Madran Facility, owned by the Ministry of Mines near Bathurst,, NB, where it wa
--->s logged and sampled.  Mineralized core was sawed in half, with half of the samples shipped to SGS Analytical Laborato
--->ries, an ISO 9001:2000 certified analytical laboratory, located in Blainville, Quebec.  The remaining core was replace
--->d in the core box and is stored for future reference.  Core recovery for these hole averaged 98%. All samples underwen
--->t testing by standard analytical methods. 
Further exploration is warranted, as the deposit has not been delineated laterally to the east or west, nor at depth. 
--->The deposit appears to have a nucleus of higher grade massive sulphides concentrated in the northwest of the deposit t
--->hat remains untested. This deposit appears to have several mineralized horizons, of which the latest drill program may
---> have only intersected the upper most horizon. 
Bruce Downing, MSc, PGeo, Qualified Person under NI 43-101, has reviewed and approved the scientific and technical inf
--->ormation disclosed in this press release.
About Bandera Gold Ltd.
  
Bandera is a Canadian-based junior mineral exploration and development company engaged in the exploration, evaluation 
--->and development of the Taylor Brook Property, located in the prolithic Bathurst Mining Camp, New Brunswick, which is h
--->ost to several lead - zinc - silver deposits. 

Bandera will also continue to identify and evaluate additional mineral properties of merit for acquisition.

For further information please visit the website at www.banderagold.com . 


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 the Taylor Brook Property.

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.