BANDERA CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT

November 30, 2017

BANDERA CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT

Edmonton, AB-November 30, 2017-Bandera Gold Ltd. (“Bandera”) (TSXV:BGL) announced today that it has closed the second and final tranche of its non-brokered private placement for proceeds of $9,000. The second tranche of the private placement consisted of the issuance of 180,000 units with each unit consisting of one common share and a half- warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of $0.08 per share on or before November 30, 2019.

The securities issued pursuant to the first tranche of the private placement have a hold period expiring March 31, 2018.

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 TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.