November 5, 2002

News Release: Band-Ore Resources Ltd.: 1721 Diamonds Recovered From 'Rainbow Zone' Mini-Bulk Sampling To Commence

Caustic fusion and diamond recovery processing has now been completed by Kennecott on 7 recently sampled outcrop (and/or mechanically stripped) areas of heterolithic breccias (see press release dated September 25, 2002). Six of the seven new areas on the GQ property, located 20 km north of Wawa, Ontario, were found to be diamondiferous.

The most significant result is from a 54 kilogram saw-cut channel sample taken from a new area called the "Rainbow Zone". A total of 1721 diamonds were recovered, of which 21 diamonds measured larger than 0.5 mm in two directions (diamonds which remained on the 0.5 mm sieve). The majority of the diamonds recovered from the Rainbow Zone are described as white octahedrons. Another new area of heterolithic breccia, Area SE-F, returned 56 diamonds from a 40.7 kg channel sample including 3 diamonds of which remained on the 0.5 mm screen. Two other significantly diamondiferous areas include JR-27 and New-B. Channel samples weighing 69 kg collected from JR-27 returned 25 diamonds, and 16 diamonds were recovered from a 50.6 kg sample from New-B. Several channel samples remain to be processed.

Diamond counts including sieve size data is given in the table below:
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             Number of Diamonds per Sieve Size Fraction in Microns
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Areas     Sample  +150   +212   +300   +425   +500   +600      Total
          Weight  Sieve  Sieve  Sieve  Sieve  Sieve  Sieve    Diamonds
           (Kg)   Size   Size   Size   Size   Size   Size     Recovered
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RAINBOW   54.18   1059   486    134     21     17     4         1721
 ZONE
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SE-F      40.7     28     22      3             1     2          56
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JR-27     68.96    19      6                                     25
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NEW-B*    50.06     8      6      1      1                       16
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D-E*      53.24     1      1                                      2
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JR-14*     51.8     1                                             1
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* partial results

Based on the encouraging diamond results received from the GQ property, a program of mini-bulk sampling is scheduled to commence immediately. Samples weighing 10 to 30 tonnes each will be collected from different areas of diamondiferous heterolithic breccia and will be processed by Kennecott using Dense Media Separation (DMS). Detailed mapping and additional sampling will be conducted in the new diamondiferous areas including the Rainbow Zone.

THIS PRESS RELEASE WAS PREPARED BY BAND-ORE RESOURCES LTD.WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. NO REGULATORY AUTHORITIES OR SIMILAR BODY, HAVE APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

Safe Harbour - Certain statements in this document constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, to be materially different from any future results, performance or achievements expressed by such forward-looking statements. Such factors include, among others, exploration works as detailed within may not be continually successful, that by virtue of exploration there is never a guarantee of economic or profitable outcomes; that exploration companies may have a history of operating losses and no guarantee of future profitability, uncertainty of access to additional capital, environmental liability claims and insurance; dependence on and priority conflicts joint-venture partners; should the company profiled herein seek such a partner.

Band-Ore Resources Ltd.
Wayne J. O'Connor
(905) 319-7469
EMAIL: This email address is being protected from spambots. You need JavaScript enabled to view it.
or
Band-Ore Resources Ltd.
Jonathan Armes
(905) 319-7469
WEBSITE: www.band-ore.com

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