Kapuskasing Gold Corp. Announces Consolidation and Name Change to “MinKap Resources Inc.”

Kapuskasing Gold Corp. Announces Consolidation and

Name Change to “MinKap Resources Inc.”

Toronto, Ontario, April 17, 2019 – Kapuskasing Gold Corp. (“MinKap”) (TSX Venture: KAP)

is pleased to announce that it will file articles of amendment (“ Articles”) to change its name to

“MinKap Resources Inc.” and consolidate its common shares (the “ Common Shares”) on a six

(6) for one (1) basis (the “Consolidation”). MinKap will continue trading under the ticker “KAP.”

The Consolidation will reduce the number of outstanding Common Shares from 63,777,650 to

approximately 10,629,608. No fractional Common Shares will be issued pursuant to the

Consolidation and any fractional shares that would have otherwise been issued have been rounded

down to the nearest whole number. The change in the number of issued and outstanding Common

Shares that will result from the Consolidation will not materially affect any shareholder’s

percentage ownership in Min Kap, although such ownership would be represented by a smaller

number of Common Shares.

Effective on or about April 22, 2019, the C ommon Shares of MinKap will commence trading on

the TSX Venture Exchange on a consolidated basis.

For additional information, please contact:

On behalf of the Board of Directors

MinKap Resources Inc.

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 cur rent

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 express ed 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 ar e

cautioned not to place undue reliance upon forward-looking statements.