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Goldbank Options Hasenfuss Claims at Hunker Creek in the Klondike Goldfields, Near Dawson City, Yukon

Blog by Goldbank Mining Corporation | October 28th, 2010

Vancouver, BC, October 26, 2010: Goldbank Mining Corporation (TSX.V-GLB) is pleased to announce it has entered into a preliminary option agreement to acquire two claims contiguous

with Goldbank’s Leota gold project. These new claims, named the “Hasenfuss” or “Rabbit Foot”

claims, are located at the headwaters of Hunker Creek, the second most prolific placer goldproducing

drainage in the historic Klondike region of the Yukon.   Click here for Printable PDF

The Hasenfuss gold claims are significant because they overlie a gold-bearing quartz vein

which is projected to dip under Goldbank’s adjacent Leota gold claims. More importantly the

host rocks to this gold-bearing vein as well as the area underlying the adjoining Leota claims

have been clearly identified to consist of foliated and variably carbonate-sericite and locally

pyrite altered gabbro and diabase with intervals of variably talc-carbonate-altered ultramafic

rocks. This is significant as coarse, nuggety gold-quartz veins mined elsewhere in the North

American Cordillera are largely hosted by (e.g. Bralorne and Cassiar), or are found in immediate

association with (e.g. Barkerville) rocks of this type.

The two Hasenfuss Quartz Mining Claims have been optioned from two private individuals for a

total of $60,000 with the final $50,000 option payment due by June 30, 2011. The claims are

subject to a 2% net smelter returns royalty.

This news release has been reviewed and approved for technical content by Chris H. Ash, P.

Geo. Mr. Ash is a Qualified Person as defined under the terms of National Instrument 43-101.

For further information please contact the president, Anthony J. Beruschi B.Sc. LLB.:


PER: “Anthony J. Beruschi” Suite 605 - 889 West Pender Street

Vancouver, BC CANADA V6C 3B2

ANTHONY J. BERUSCHI Telephone: 604.669.1408 w Fax: 604.669.5886

President & CEO Toll Free: 1.888.880.2288 w Email: ajb@goldbankmining.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no
right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in
documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of
mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to
comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles,
potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore
involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.