Kapuskasing Gold To Acquire The Jumbo Copper/Cobalt Project to Consolidate The Kings Court Property in Newfoundland & Labrador
KAPUSKASING GOLD CORP.
133 Richmond Street West, Suite 501, Toronto, ON M5H 2L3 Canada TSXV: KAP
Kapuskasing Gold To Acquire The Jumbo Copper/Cobalt Project to
Consolidate The Kings Court Property in Newfoundland & Labrador
March 31, 2017 – Kapuskasing Gold Corp. (TSX -V: KAP) (the “Company” or “KAP” ) announces that
the Company has signed a non -binding letter of intent to acquire The Jumbo Copper/Cobalt Property
consisting of 76 claims ( 1900 hectares) contiguous to the recently announced Kings Court Prop erty (see
press release dated March 1, 2017) . The Kings Court Copper/Cobalt property is now 2,275 hectares in
size and covers at least 10 known copper/cobalt showings at surface , along with historic drilling,
trenching and adits.
Kings Court: Significant exploration highlights of the property now includes the Jumbo showing where
channel samples assayed 14% Cu over 3.0 m and 9.3% Cu over 10.0 m as well as a cobalt sample of up
to 0.24%. As reported March 1, 2017, additional channel samples of 19% Cu over 2.13 metres and
15.87% Cu over 2.59 metres have been reported on the property, as well as a drill hole with 12.6% Cu
over 1.52 metres and a chip sampling of 7.75% Cu over 2 metres.
The property now hosts at least 10 different Cu showings with significant surface results. Compilation of
historic data will guide a detailed sampling program to evaluate the Co and Cu potential. The Kings Court
Property is one of two priority projects (Lady Pond Project being the other) that the Company will focus
its initial exploration efforts.
The Company has signed a non-binding letter of intent whereby KAP can purchase a 100% interest in the
Jumbo Copper/Cobalt Property for total consideration of 650,000 shares, and a $3,000 one time cash
payment. The Vendor shall retain a 2% net smelter royalty (NSR) interest. The Company retains the
option to buy back 1% of the NSR for $1,000,000. A formal purchase agreement will follow upon
completion of due diligence.
Mr. Garry Clark P.Geo,(Exploration Manager and a director of the Company ) a Qualified Person ("QP")
as defined by National Instrument 43-101, has reviewed the technical content of this release. The content
of the geological data presented has been derived from the Provinces Mineral Deposit Database and
exploration assessment files and are believed to be accurate and correct.
On behalf of the Board of Directors
Kapuskasing Gold Corp.
Jonathan Armes
President & CEO
Phone 1 (416) 708-0243
Neither the TSX Venture Exchange no r 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
KAPUSKASING GOLD CORP.
133 Richmond Street West, Suite 501, Toronto, ON M5H 2L3 Canada TSXV: KAP
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 expressed 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.