BOZ

Banks Island Gold Ltd. (TSX VENTURE:BOZ) (the "Company") is pleased to announce
the discovery of a new mineralized gold zone near the Quartz Hill area at the
Yellow Giant Gold Property ("Yellow Giant"), located on Banks Island, British
Columbia. 


The Company is diamond drilling near Quartz Hill in an area with a significant
Au-Ag-As soil geochemistry anomaly which measures over 600m in length. Company
crews succeeded in locating significant mineralization near Quartz Hill with the
first drill hole in this area at a depth of 150m below surface. Company
geologists believe this new discovery has the potential to develop into a
mineralized zone of significance at Yellow Giant. Plans are being developed to
aggressively explore the Quartz Hill area.


The mineralization appears associated with a previously unknown dragfold or
fault related block of hornblende diorite. Company geologists believe this block
acted as a significant fluid trap in the contact zone with the quartz monzonite
to the north-east. Two further untested pyrite-pyrrhotite-gold showings are in
close proximity which may be related to the same pyrite-pyrrhotite-gold fluid
system. 


Two holes were drilled near Quartz Hill. Initial assays from QH-14-01 returned
results of 14.0gpt Au over 2.3m inside a larger mineralized intercept of 2.5gpt
Au over 14.5m. QH-14-02, was drilled to test the down-dip extension of this
mineralization; assay results are pending. 


Mineralization in drill hole QH-14-01 consists of fine to medium grained
disseminated sulphides in sericite altered, sheared quartz monzonite.
Mineralization is zoned with a high grade core and a lower grade halo extending
for 14.5 m. 


Mineralized intersections are displayed in Table 1 and a map of the Quartz Hill
Area is displayed in Figure 1.


Table 1 - Significant Mineralized Intersections from Quartz Hill Diamond Drilling



----------------------------------------------------------------------------
                                                  Core   Estimated          
                              From        To  Interval  True Width        Au
Hole ID                        (m)       (m)       (m)         (m)     (gpt)
----------------------------------------------------------------------------
QH-14-01                    220.10    234.63      14.5        11.1       2.5
----------------------------------------------------------------------------
Including                   229.75    232.00       2.3         1.7      14.0
----------------------------------------------------------------------------



Figure 1 - Map Showing Quartz Hill Area is available at the following link:
http://media3.marketwire.com/docs/boz0728fig1.pdf.


Dr. Dirk Meckert, P.Geo is the qualified person who reviewed and approved the
contents of this news release. 


Analytical work was carried out by AGAT Laboratories Ltd. in Mississauga,
Ontario. Quality assurance and quality control programs include the use of
analytical blanks, standards, and duplicates in addition to the lab's own
internal quality assurance program. Samples are fire assayed with an ICP-EOS
finish to determine gold values. Samples containing greater than 10 gpt gold are
fire assayed with a gravimetric finish.


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 February 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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