Kapuskasing Gold Announces Drill Program has Commenced on the Rollo Property, Ontario

Vancouver, British Columbia (FSCwire) - Kapuskasing Gold Corp. (TSX-V: KAP) (the “Company” or “KAP”) is pleased to announce that drilling has commenced on the Rollo Property located near Foleyet, northern Ontario. A series of three to four short holes (approximately 50 metres each in length) is planned for the Racicot Gold Showing to add a third dimension to the high grade sampling announced August 6, 2015.

The Racicot Gold Showing was stripped and trenched last summer and gold mineralization appears to be associated with:

1.  A north bearing quartz, quartz carbonate vein system that cross cuts the east-west trending mafic metavolcanics and

2.  A syenite/porphyry dike system that trends sub parallel to the metavolcanics.

From observations of the limited geological exposure, the dike system seems to crosscut the quartz vein system. The channel sampling of the quartz vein system in three locations over an approximate 30 metre strike length included 8.82 g/t gold over 0.6 metres. The grab samples were taken at the south contact of the Syenite/Metavolcanics where channel sampling was not possible. The grab samples highlighted the gold concentration along the contact with assays of 1.0, 1.89 and 11.41 g/t gold. The drill program is designed to get a better understanding of these geological relationships.

About the Rollo Property

The Rollo property is situated along a projected extension of the Destor-Porcupine fault zone, which hosts several multi-million-ounce gold producers in the nearby Timmins camp, and sits between IAMGOLD's Cote Lake gold deposit and Goldcorp's Borden Gold project.

About the Company

Kapuskasing Gold has 7 gold properties located along extensions of the Destor-Porcupine or Borden Gold project. All of the properties, with the exception of Rollo and West Keefer, are situated within the Kapuskasing structural zones and have potential similarities to Goldcorp's Borden Gold project. A detailed map and property descriptions can be viewed on the Company's website: www.kapgold.com.

Mr. Garry Clark P.Geo, the Exploration Manager and a director of the Company, a Qualified Person ("QP") as defined by National Instrument 43-101, has reviewed the technical content of this release.

On behalf of the Board of Directors

Kapuskasing Gold Corp.

Jonathan Armes President & CEO Phone 1 (416) 708-0243

Neither the 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 press release.

This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and regulations, including statements regarding the future activities of the Company. Forward looking statements reflect the current beliefs and expectations of management and are identified by the use of words including “will”, “anticipates”, “expected to”, “plans”, “planned” and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward-looking statements is subject to a number of risks, including those described in the Company’s management discussion and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward-looking statements.

This news release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The common shares will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

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