Kapuskasing Announces Change of CFO

November 7, 2017 – Kapuskasing Gold Corp. (TSX-V: KAP) (the “Company” or “KAP”) announces the resignation of Mr. James (Jim) Fairbairn as Chief Financial Officer (“CFO”) and the appointment of Mr. Marco Guidi as CFO of the Company.

Mr. Guidi is a Chartered Accountant (CPA - CA) and holds an Honours Bachelor degree in Business Administration from Wilfrid Laurier University. He has worked with publicly listed junior mining companies, technology companies, and privately-owned and entrepreneurial companies. In 2010, Mr. Guidi transitioned out of public accounting and is currently serving as Chief Financial Officer, Controller and Accountant for a number of public companies.

Mr. Fairbairn will remain on the Board of Directors.

On behalf of the Board of Directors

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.

KAPUSKASING GOLD CORP.

133 Richmond Street West, Suite 501, Toronto, ON M5H 2L3 Canada TSXV: KAP