Kapuskasing Terminates Letter of Intent with Minfocus for the Daniels Harbour Zinc Property, Newfoundland & Labrador

KAPUSKASING GOLD CORP.

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

Kapuskasing Terminates Letter of Intent with Minfocus for the Daniels

Harbour Zinc Property, Newfoundland & Labrador

March 14, 2018 – Kapuskasing Gold Corp. (TSX-V: KAP) (the “Company” or “KAP”) announces that the

Company has terminated the Letter of Intent (“LOI”) with Minfocus Exploration Corp. for the Daniels

Harbour Zinc Property announced February 13, 2018.

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 reflect 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 regu latory authorities which are available at www.sedar.com. Investors are

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