Electro- and magnetoencephalography studies have suggested that increased gamma-band activity (GBA) is a correlate of activated neural stimulus representations. In this study, a delayed matching-to-sample paradigm for auditory spatial information was employed to investigate the role of magnetoencephalographic gamma-band activity in the differentiation between matching and nonmatching stimulus pairs. Twelve subjects made same-different judgments about the lateralization angle of pairs of filtered noise stimuli (S1 and S2) presented with 0.8-s delays. One half of the subjects had to respond to matching stimulus pairs, the other half to nonmatching stimulus pairs. Cortical oscillatory activity in the memory task was compared to a control task requiring the detection of background noise intensity changes. Memory-related GBA increases were revealed over midline parietal areas in the middle of the delay phase and during the presentation of S2 and over frontocentral areas at the end of the delay phase. This replicated previous findings. In addition, nonmatching trials were associated with increased GBA over right parietal areas in response to S2. The midline parietal GBA increase during S2 in the memory condition may have reflected the representation of S1 needed for a comparison between S1 and S2. When S1 and S2 were identical, no further representation was required. In contrast, for nonmatching pairs, a second representation was activated over right parietal areas.