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Wednesday, February 5, 2014

BANDERA APPOINTS TERRENCE H. BYBERG AS A DIRECTOR AND SIGNS CONSULTING AGREEMENTS

Edmonton, AB, February 5, 2014-Bandera Gold Ltd (“Bandera”) (TSXV:BGL) is pleased to announce it has appointed Terrence H. Byberg to the Bandera’s Board of Directors (“Board”) effective immediately. Mr. Byberg brings 42 years of international experience to Bandera in the management and operation of mining companies. He has worked in Canada, USA, Mexico, Greece, Australia and the Philippines, with extensive public company experience in the areas of management, production and operations.

Terrence H. Byberg

Mr. Byberg currently serves as President and CEO of Silver Stream Mining Corp., a U.S. public company (OTCQB: AGSM). He was a Founder and Vice President of Mining for Chieftain Metals, Inc. from 2009 to 2012 where he helped to facilitate the negotiation and acquisition of the Tulsequa Chief Mine. He was a Founder, President and CEO of Silver Eagle Mines, Inc. from 2003 to 2009 when it was acquired by Excellon Resources Inc. (TSX:EXN).

Mr. Byberg served as President and Chief Operating Officer of Philippine Gold from 1997 to 1999 where he controlled the various stages of exploration, feasibility and permitting for eight separate properties throughout the Philippines. He was General Manager for Exall Resources from 1996 to 1997 where he commenced operations from ground zero and achieved a production rate of 600 tonnes per day of gold ore. Since 2012, and at various points in his career, Mr. Byberg has served as an Independent Mining Consultant providing management and mining services to firms worldwide.

Mr. Byberg began his career in 1972 with the Dome Group in Red Lake. Over a 17 year period, he worked as a Surveyor and Ventilation Engineer, Miner, Shift Boss, Training and Safety Superintendent and Production Superintendent. Mr. Byberg is a Graduate of Halleybury School of Mines.

Bandera also announced today that it has entered into Consulting Agreements with Terrence H. Byberg, Douglas R. Wood and R.M. (Mike) Robb, P.E. The Consulting Agreements will be for a term of one year commencing February 1, 2014. The duties of the Consultants will include:

• Oversee and provide direction for the activities of Bandera’s employees, geologists, and technical consultants working on Bandera’s projects.
• Prepare development programs and budgets for ongoing development and work programs for Bandera’s projects with the assistance of Bandera’s geologists and other consultants.
• Identify, evaluate and make recommendations to the Board with regards to potential acquisition targets to achieve Bandera’s objectives.

Compensation under the Consulting Agreements to each Consultant includes consulting fees of USD$5,000 per month, the issuance of 1,000,000 bonus shares of Bandera and the granting of 300,000 stock options in accordance with the policies of the TSX Venture Exchange.

The Consulting Agreements are subject to the approval of the TSX venture Exchange.

Douglas R. Wood

Mr. Wood has 39 years of international mining experience. He identified the potential of the Carlin Trend as Exploration Manager for Newmont Exploration Ltd. in 1984. Mr. Wood worked with Barrick and Hecla on teams that developed the La Cholla, San Sebastian and La Camorra mines. He is Vice President of Exploration for American Bonanza Gold and has served as Consulting Geologist, Qualified Person, Geophysicist and Geochemist for firms including Tenneco Minerals, Rio Tinto and Kennecott. Mr. Wood has published Qualifying Technical Reports for El Tigre Silver Corp. and Nevada Sunrise, filed on SEDAR. For over two decades, Mr. Wood has been an Independent Mining Consultant providing geological and mining services to firms worldwide. He served in the United States Air Force and is a Graduate of the University of Texas.

R M (Mike) Robb, P E.

Mr. Robb has 46 years international mining experience, with extensive experience in the areas of management, design, construction and operations. He was VP of Development for Silver Standard Resource from 2005 to 2007 where his responsibilities included the design and construction of the Minas Parquitas mine in Argentina. He was VP of Mina Magestral (Queenstake) from 2001 to 2003 where he was responsible for the construction and initial operation of the company’s first producing mine and served as Director of Operations (Mexico) for Eldorado Gold from 1995 to 1997 where he directed the doubling of gold production at the La Colorado mine and the opening of a new mine. Since 2007, Mr. Robb has been an Independent Consulting Engineer providing management and mining engineering services to firms worldwide. He is a Member of the PE Exam Committee of the Society of Mining Engineers, author of nine technical papers, and co-author of one patent and one reference book. Mr. Robb is a Retired Colonel USMC Reserve, a Viet Nam veteran and a Graduate of the University of Idaho.

On Behalf of the Board

Stephen Roehrig
President and CEO

For further information please contact:
Stephen Roehrig, President and CEO (780) 465-4129
Web: www.banderagold.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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.

http://www.banderagold.com/news/news_article.asp?id=128