Kapuskasing Gold Appoints Brian Atkinson to the Advisory Board

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 15, 2015) - Kapuskasing Gold Corp. (TSX VENTURE:KAP) (the "Company" or "Kapuskasing") is pleased to announce the appointment of Mr. Brian Atkinson, P.Geo., to its Advisory Board.

With over 30 years of geological expertise developed with the Ontario Geological Survey as Regional Resident Geologist in Timmins and Red Lake, Brian brings a wealth of knowledge and field experience as geological advisor. With specific and focused knowledge of Archean greenstone belts including the Kapuskasing Structural Zone, his insight is a significant contribution to understanding gold and other mineral deposits in diverse terrains. His intimate knowledge of gold deposits in the Timmins belt will help the Company prioritize the numerous gold targets identified on the Kapuskasing properties.

Dean Nawata, President and CEO comments, "We are fortunate to have someone of Brian's qualifications and knowledge, specific to our region and the Kapuskasing Structural Zone to help guide us. Brian joins Mike Tremblay, Darin Wagner, Robert Duess and Wayne Reid who as a team contribute extensively to all of Kapuskasing's plans and exploration programs."

Kapuskasing also reports that it has granted options to acquire a total of 1,125,000 common shares of the Company to employees, consultants, officers and directors pursuant to the Company's approved stock option plan at the exercise price of $0.10 per share for a period of five years.

Kapuskasing Gold controls 6 gold properties located along extensions of the Destor-Porcupine, Borden Lake and Kapuskasing structural zones. The Company's 6 properties surround Probe's discovery to the north, east, south and west. A detailed map and property descriptions can be viewed on the Company's website: www.kapgold.com.

On behalf of the Board of Directors of Kapuskasing Gold Corp.,

Dean Nawata, President & CEO, Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements and Cautionary Notes

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements contained in this document are based on certain key expectations and assumptions made by Kapuskasing, including, without limitation, expectations and assumptions respecting the outlook of exploration activity on the Borden and Rollo properties and the impact on Kapuskasing's business and management assessment of future operations. Although the forward-looking information contained in this press release is based upon what Kapuskasing's management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such information. Forward-looking information reflects current expectations of management regarding future events and operating performance as of the date of this press release.

It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.

The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management's current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this press release and Kapuskasing assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

This news release contains information with respect to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties.