BGL Bandera Gold Ltd. (delisted)

Bandera Gold Ltd. (TSX VENTURE:BGL) ("Bandera") through its subsidiary in
Colombia, Nueva California S.A. were to resume exploration activities at its
Belmira gold property 45km northwest of Medellin. Earlier programs had shown the
existence of one major gold bearing structure and a possible parallel vein 1 km
to the north east. As well, several cross structures were identified as being
gold bearing.


Bandera is pleased to announce that Bandera has received a final report entitled
"Geological Assessment, Belmira Project", dated June 30, 2009 authored by
Project Manager and senior geologist, Sr. Julio Mendez - Garcia.  This report
was reviewed in detail by Sr. Baltazar Solano - Rico, President of Behre Dolbear
de Mexico, S.A. de C.V. who is responsible for review of all geological
exploration reports completed at Belmira and is a Qualified Person as defined by
NI 43-101.


The Report details the surficial geological mapping, sampling, trenching,
assaying, soil sampling (through auger drill holes), stream sediment sampling,
old artisan excavation, mapping and sampling etc that was conducted throughout
the claims optioned by Nueva California.  These studies allowed our geologists
to create a Mineralization Zoning Model, which is being used to best site the
next stage of exploration drilling. 


While management is still digesting the body of the report which is written to
NI 43-101 standards, we would like to share with you some of the highlights of
that report.


1. Rock sampling, soils geochemical survey and stream sediments survey (pan
concentrates) results, demonstrate that gold mineralization is distributed
widely at the Project area.  


2. At Filandia vein (Filandia, Reventón and Buenaventura areas) the exploration
potential has been estimated in the order of 1.0 Mtonnes that would allow for
the planning of a small underground mine operation. According to economical
parameters and preliminary estimates made, mineral resources to be defined
should have a grade in the order of 10 gpt Au to be of economic interest. 


3. In order to verify this exploration potential and define mineral resources, a
4,000 m diamond drilling program, distributed in 16 holes, was elaborated.  The
areas to be drilled are Filandia, Reventón and Buenaventura. One "wildcat"
drill hole was programmed at the La Ilusión area, susceptible to contain a low
grade-high tonnage deposit for a potential open pit operation. The budget cost
for this Exploration Phase is estimated to be approximately US$1.2 million. 


4. The earlier identified major NW-SE structure "Veta Filandia" has been
identified over a strike length of 10 kilometers and where out cropping, varies
from 0.75 to 4.25 meters. A Second semi parallel structure known as the "Veta
Atalaya" was identified to the north east of the Filandia vein and from soils
sampling over its buried trace would appear to have a similar strike length. A
significant number of cross structures were identified and explored with some
returning 7 to 22 g/t over narrow widths.


To view two photographs that show a "Pan Concentrate" sample and "Panned" gold
from the project site, please click on the following link:
http://media3.marketwire.com/docs/BGLphotos.jpg.


We remain totally committed to both our properties - Mexico and Colombia. It is
our intention to be operators of successful mines in both countries and we
consider our properties to be in prime locations to enable this to occur as
partly evidenced through the above exploration results.


On behalf of the Board

Kelvin Williams, CEO

Information provided herein contains forward-looking statements.  The reader is
cautioned that assumptions used in the preparation of such information, which
are considered reasonable by Bandera at the time of preparation, may prove to be
incorrect.  Actual results achieved will vary from the information provided and
the variations may be material.  There is no representation by Bandera that
actual results achieved will be the same in whole or in part as those indicated
in the forward-looking statements.

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