Kapuskasing Stakes Claims on the Great Northern Peninsula, Newfoundland

KAPUSKASING GOLD CORP.

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

Kapuskasing Stakes Claims on the Great Northern Peninsula, Newfoundland

January 9, 2018 – Kapuskasing Gold Corp. (TSX-V: KAP) (the “Company” or “KAP”) announces today

it has acquired by staking, a 100% interest in three claim blocks totaling 65 units and covering a 1625

hectare area near the town of St. Anthony on the Great Northern Peninsula, Newfoundland. The Claims

were staked to cover the same favourable geology to that of White Metals Resources Corporations new

discovery (The Great Brehat Project) where they recently announced significant amounts of highly

anomalous gold values over approximately a 15 sq Km area in black sedimentary shale units (See White

Metals Resources Corp. Press Release dated November 20, 2017). The Company believes this could

potentially be a very important new discovery in a unique geological environment similar to that of other

large gold deposits hosted in black shale environments around the world. A significant number of claims

have been staked in recent months by various Companies and individuals in this very underexplored area.

The company will plan an exploration program to evaluate the geological potential over the coming

months.

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.

.

On behalf of the Board of Directors

Kapuskasing Gold Corp.

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 refle ct the current

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. In vestors are

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

This news release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction . The

common shares will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or

sold in the United States absent registration or applicable exemption from the registration requirements.