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Bandera Extends Closing of Private Placement

ACCESSWIRE

Edmonton, Alberta, January 24, 2013-Bandera Gold Ltd. (TSXV:BGL.V - News) announced today that the closing date of the non-brokered private placement of up to of 12,000,000 units has been extended to on or before February 6, 2013.

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.