BOZ

Banks Island Gold Ltd. (TSX VENTURE:BOZ) (the "Company") is pleased to report an
update on the Bob Zone bulk sample program at the Yellow Giant Gold Property,
located on Banks Island, British Columbia.


Processing of mineralized rock from the upper Bob Zone is ongoing and continuous
improvements are being made to increase plant availability and throughput. Gold
production has increased dramatically (4.2x) since commissioning of the Spiral
Concentrator as reported by News Release on March 14, 2014.


Gold production to March 31, 2014 is displayed in Table 1 below. After
commissioning of the Spiral Concentrator, average payable gold produced per day
has increased from 21oz gold equivalent ("eq") per day to 97oz gold eq per day. 


Table 1 - Gold Production from Bob Bulk Sample



----------------------------------------------------------------------------
                                   Contained in  Payable from  Average Daily
                                    Concentrate       Smelter     Gold Sales
Period (2014)                    Gold    Silver    Gold eq(i)       (eq(i)oz
                                 (oz)      (oz)          (oz)       per day)
----------------------------------------------------------------------------
February 1-28                     628     2,152           589             21
March 1-15                        330     1,559           317             21
March 16-31                     1,675     4,045         1,549             97
----------------------------------------------------------------------------
Total Production - Bob Zone     2,633     7,756         2,455             42
----------------------------------------------------------------------------



(i)Gold equivalent is calculated by converting payable silver at a ratio of
1/65th to payable gold oz.


Total gold contained in concentrate from processing of Bob Zone mineralization
to March 31, 2014 is 2,633oz gold and 7,756oz silver. Company mining crews are
extracting remaining ore from the first longhole blast and will blast the
remainder of the Upper Bob Zone in the next week. All longhole production
drilling is completed in the Upper Bob Zone and the Company estimates that
approximately 1/3rd of the Bob bulk sample has been processed as of March 31,
2014.


The Company is working diligently towards completing installation and
commissioning of the grinding and flotation circuits of the process plant, with
a targeted completion date in early June 2014. As reported by News Release on
March 5, 2014, Banks Island Gold has recently received a Major Mines Act Permit
("M-241") authorizing commercial production at Yellow Giant. The Company expects
that processing of mineralization from the Bob bulk sample will continue at
present rates and transition into commercial production with mining and
processing of mineralization from the Tel Zone. The Company anticipates that the
addition of the grinding and flotation sections will both significantly increase
gold production due to improved recoveries as well as decrease costs from
increased concentrate grades.


Mr. Benjamin Mossman P.Eng, CEO of Banks Island Gold is the qualified person who
reviewed and approved the contents of this news release. 


The Company is a mining company focused on gold production, exploration, and
development of economically viable mineral resources. The Company's mineral
property is located in British Columbia. For more information, please refer to
the Company's website at www.banksislandgold.com.


ON BEHALF OF THE BOARD OF DIRECTORS

Benjamin W. Mossman, P.Eng, President, Director, & Chief Executive Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for
the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor
its Regulation Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.


This press release contains forward-looking statements. All statements, other
than statements of historical fact, constitute "forward-looking statements" and
include any information that addresses activities, events or developments that
the Company believes, expects or anticipates will or may occur in the future
including the Company's strategy, plans or future financial or operating
performance and other statements that express management's expectations or
estimates of future performance.


Forward-looking statements are generally identifiable by the use of the words
"may", "will", "should", "continue", "expect", "anticipate", "estimate",
"believe", "intend", "plan" or "project" or the negative of these words or other
variations on these words or comparable terminology. These statements, however,
are subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed, implied by or projected
in the forward-looking information or statements. Important factors that could
cause actual results to differ from these forward-looking statements include but
are not limited to: risks related to the exploration and potential development
of the Company's project, the actual results of current exploration activities,
conclusions of economic evaluations, changes in project parameters as plans
continue to be refined, future prices of gold, as well as those factors
discussed in the sections relating to risk factors of the Company Annual
Information Form dated Febraury 22, 2013 filed on SEDAR.


There can be no assurance that any forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader should not place any
undue reliance on forward-looking information or statements. Except as required
by law, the Company does not intend to revise or update these forward-looking
statements after the date of this document or to revise them to reflect the
occurrence of future unanticipated events.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Banks Island Gold Ltd.
Benjamin W. Mossman
604-245-0066
www.banksislandgold.com

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