Kapuskasing Gold Corp.

Kapuskasing Gold Corp.

September 24, 2015 08:00 ET

Kapuskasing Gold Signs MOU with First Nations and Receives Drilling & Exploration Permits For Its Properties in Northern Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 24, 2015) - Kapuskasing Gold Corp. (TSX VENTURE:KAP) (the "Company" or "KAP") is pleased to announce the signing of a memorandum of understanding (the "MOU") with Brunswick House, Chapleau Cree, Chapleau Ojibway and Flying Post First Nations with respect to KAP's gold exploration projects located in Northern Ontario near the town of Chapleau. In conjunction with the MOU, the Company has received Exploration Permits from the Ontario Ministry of Northern Development and Mines.

The MOU establishes the desire for First Nations and Kapuskasing Gold to work together, creating a long-term, mutually beneficial, cooperative and respectful relationship with the spirit of social, ecological, cultural and economic well-being. The MOU also signals a commitment by KAP to identify opportunities for businesses and citizens of the four communities to participate in KAP's exploration activities through business, employment and training opportunities.

Dean Nawata, President of the Company, states, "We are pleased to begin building a relationship with the First Nations with the successful negotiation and execution of this MOU acknowledging their rights, traditional values and culture. We look forward to working with the communities, having their input and advice in order to maintain a socially and environmentally responsible exploration program. The Company would also like to acknowledge and thank the Wabun Tribal Council for their role in facilitating a smooth process with the First Nations communities and government bodies."

Shawn Batise, Executive Director of the Wabun Tribal Council states, "We commend KAP's proactive approach in engaging with the First Nations with respect to their projects near the town of Chapleau. The MOU outlines opportunities for social, environmental and economic participation with KAP's exploration projects. Our experience working with KAP illustrates the positive results achieved when industry and First Nations work together towards a common goal. We look forward to following KAP's progress through the development of their exploration projects."

Chief Kevin Tangie of Brunswick House First Nation commented, "Brunswick House First Nation is pleased to finalize the MOU with KAP. We are impressed with their proactive approach to engaging with the First Nations. We look forward to continued and meaningful participation throughout KAP's projects."

About the Company

KAP has 6 gold properties located along extensions of the Destor-Porcupine or Borden Gold project. All of the properties, with the exception of Rollo, are situated within the Kapuskasing structural zones and have potential similarities to Goldcorp's Borden Gold project. A detailed map and property descriptions can be viewed on the Company's website: www.kapgold.com.

On behalf of the Board of Directors of Kapuskasing Gold Corp.,

Dean Nawata, President & CEO, Director

Neither 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 release.

Forward-Looking Statements and Cautionary Notes

Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements contained in this document are based on certain key expectations and assumptions made by KAP, including, without limitation, expectations and assumptions respecting the resulting outcome and relationships with the First Nations, the anticipated opportunities that will arise with the First Nations, the outlook of exploration activity on the Borden and Rollo properties and the impact on KAP's business and management assessment of future operations. Although the forward-looking information contained in this press release is based upon what KAP's management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such information. Forward-looking information reflects current expectations of management regarding future events and operating performance as of the date of this press release.

It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.

The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management's current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this press release and KAP assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

Contact Information

  • Kapuskasing Gold Corp.
    Dean Nawata
    President & CEO, Director
    1(647) 360-0897