Banks Island Gold Ltd. Receives EMA Permit and Mine Lease for the Yellow Giant Gold Project

Banks Island Gold Ltd. (TSX VENTURE:BOZ) (the "Company") is pleased to report it
is in receipt of all major regulatory permits to allow commercial production at
the Yellow Giant Project, located on Banks Island, British Columbia.


The British Columbia Ministry of Environment has issued an Environmental
Management Act Permit for Yellow Giant Gold Property which authorizes the
discharge of water from the rock stockpiles, plant area, and the underground
mine at the Yellow Giant Project. The Company has also received a production
tenure for the Yellow Giant Project in the form of a British Columbia Mining
Lease. The Company has previously received its Major Mines Act Permit, as
reported by news release on March 5, 2014.


Mr. Benjamin Mossman P.Eng, CEO of Banks Island Gold is the qualified person who
reviewed and approved the contents of this news release. 


The Company is a mining company focused on gold production, exploration, and
development of economically viable mineral resources. The Company's mineral
property is located in British Columbia. For more information, please refer to
the Company's website at www.banksislandgold.com


ON BEHALF OF THE BOARD OF DIRECTORS

Benjamin W. Mossman, P.Eng 

President, Director, & Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for
the accuracy or adequacy of this release. 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.


This press release contains forward-looking statements. All statements, other
than statements of historical fact, constitute "forward-looking statements" and
include any information that addresses activities, events or developments that
the Company believes, expects or anticipates will or may occur in the future
including the Company's strategy, plans or future financial or operating
performance and other statements that express management's expectations or
estimates of future performance.


Forward-looking statements are generally identifiable by the use of the words
"may", "will", "should", "continue", "expect", "anticipate", "estimate",
"believe", "intend", "plan" or "project" or the negative of these words or other
variations on these words or comparable terminology. These statements, however,
are subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed, implied by or projected
in the forward-looking information or statements. Important factors that could
cause actual results to differ from these forward-looking statements include but
are not limited to: risks related to the exploration and potential development
of the Company's project, the actual results of current exploration activities,
conclusions of economic evaluations, changes in project parameters as plans
continue to be refined, future prices of gold, as well as those factors
discussed in the sections relating to risk factors of the Company Annual
Information Form dated Febraury 22, 2013 filed on SEDAR.


There can be no assurance that any forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader should not place any
undue reliance on forward-looking information or statements. Except as required
by law, the Company does not intend to revise or update these forward-looking
statements after the date of this document or to revise them to reflect the
occurrence of future unanticipated events.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Benjamin W. Mossman
604-245-0066