Kapuskasing Gold Reports the Filing of Two Technical Reports for Properties in the Borden Gold District in Northern Ontario

Kapuskasing Gold Corp. (TSX VENTURE:KAP) (the "Company" or "Kapuskasing Gold")
is pleased to report that TSX Venture Exchange has accepted for filing the two
technical reports for the Borden North and Rollo Properties, located in the
Borden Gold district of Northern Ontario. These properties are part of
transactions previously announced (see news release February 28th, 2014) subject
to final regulatory and exchange approvals. These reports are available on
SEDAR.


As per the May 7, 2014 news release, the Company intends to complete a
non-brokered private placement of up to 6,666,666 units at a price of 15 cents
per unit, for gross proceeds of up to $1,000,000. For the full news release
please visit our website www.kapgold.com.


About Kapuskasing Gold - the Borden North Property is situated along the
southern flank of the Kapuskasing Structural Zone approximately 50 km northeast
of Probe Mines' Borden Gold project. The Rollo Property is situated within the
Destor-Porcupine Fault Zone, which hosts several million ounce plus gold
producers in the nearby Timmins camp, and sits between IAMGold's Cote Lake gold
deposit and the Borden Gold project.


On behalf of the Board of Directors:

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 Gold, including, without limitation, the closing of the offering,
expectations and assumptions respecting the outlook of exploration activity on
the Borden and Rollo properties and the impact on Kapuskasing Gold's business
and management assessment of future operations. Although the forward-looking
information contained in this press release is based upon what Kapuskasing
Gold'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 Olympic 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kapuskasing Gold Corp.
Dean Nawata
President & CEO, Director
1-604-561-2821