Banks Island Gold Ltd. Reports 7,145oz Gold in Concentrate Shipped to June 10th 2014

Banks Island Gold Ltd. (TSX VENTURE:BOZ) - 



--  2,001 oz gold equivalent sold from May 1st - June 10th 2014. 
--  7,145oz gold and 18,559oz silver contained in concentrate shipped from
    Bob Zone to June 10, 2014. 
--  Significant Inventory of mineralized material available for processing
    through flotation plant.



Banks Island Gold Ltd. (the "Company") is pleased to report an update on
progress at the Yellow Giant Gold Property, located on Banks Island, British
Columbia.


Gold production to June 10, 2014 from gravity circuits (Dense Media Separation
(DMS) Plant and Spiral Concentrator) is displayed in Table 1 below. Monthly
payable gold produced from May 1st to June 10th was 2,001oz gold equivalent
("eq") and average payable gold produced per day was 49oz gold eq per day. 




                                                                            
               Table 1 - Gold Production from Bob Bulk Sample               
                                                                            
----------------------------------------------------------------------------
                                                      Payable               
                      Contained in Concentrate   from Smelter               
                                                                     Average
                                                                  Gold Sales
                           Gold         Silver     Gold eq(i)  (eq(i) oz per
Period (2014)              (oz)           (oz)           (oz)           day)
----------------------------------------------------------------------------
February 1-28               628          2,152            589             21
March 1-31                2,005          5,604          1,866             60
April 1-30                2,294          5,618          2,123             71
May 1-31                  1,681          4,704          1,507             49
June 1-10                   537            480            494             49
----------------------------------------------------------------------------
Total Sales -                                                               
 Bob Zone                 7,145         18,559          6,579             51
----------------------------------------------------------------------------
                                                                            
(i)Gold equivalent is calculated by converting payable silver at a ratio of 
1/65th to payable gold oz.                                                  



Total gold contained in concentrate from processing of Bob Zone mineralization
to June 10, 2014 is 7,145oz gold and 18,559oz silver. 


Operation of the DMS Plant and Spiral Concentrator circuits were interrupted
starting June 11th 2014 to allow installation of the grinding and flotation
processing circuits which are underway and nearing completion.


The Company estimates that approx. 2,000 tonnes of mineralized material remains
in broken inventory at the Bob Zone which will be processed once the grinding
and flotation sections are commissioned. The arithmetic average of assays of
mill feed from the Bob Zone to date is 21.0gpt Au and 51gpt Ag.


The Company estimates a quantity of 6,000 tonnes of DMS fines are currently
stockpiled onsite which are composed of material rejected by the Spiral
Concentrator. 


The Company has sampled material from its DMS fines stockpiles. The average of
14 samples, as displayed in Table 2, ranged from 7.8gpt Au to 62.9gpt Au with an
arithmetic average of 19.9gpt Au and 51gpt Ag.




                                             
     Table 2 -DMS Fines Stockpile Assays     
                                             
---------------------------------------------
Sample ID             Au (ppm)       Ag (ppm)
---------------------------------------------
E5595034                   9.3             20
E5595035                   7.8             17
E5595036                  61.9            121
E5595037                  16.4             29
E5595038                  46.0             97
E5395720                  11.2             33
E5395795                  11.1             20
E5395800                   8.7             20
E5395805                   7.4             38
E5395864                  13.8             72
E5395887                  40.7             83
E5395888                  10.8             59
E5395889                  12.4             37
E5395890                  21.5             67
---------------------------------------------
AVERAGE                   19.9             51
---------------------------------------------



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


Analytical work on concentrates was carried out by ALS Mineral Services in North
Vancouver, British Columbia. Quality assurance and quality control programs
include the use of analytical blanks, standards, and duplicates in addition to
the lab's own internal quality assurance program. Samples are fire assayed with
a gravimetric finish to determine gold and silver values.


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: 
Banks Island Gold Ltd.
Benjamin W. Mossman
604-245-0066