BOZ

Banks Island Gold Ltd. (the "Company") (TSX VENTURE:BOZ) announces that it has
entered into an investor relations agreement (the "IR Agreement") with Advanture
Capital Partners Inc. ("Advanture"), a company incorporated under the laws of
the Province of British Columbia and with a business office at 801-1166 Alberni
Street, Vancouver, British Columbia. 


Advanture Capital Partners is a Vancouver-based public company development firm
focused on partnering with emerging companies to centralize administration,
regulatory reporting, financing and investor relations. Advanture's
infrastructure enables its clients to focus on developing their business and
building shareholder value. 


Michael Stetzel, of Advanture, will be the individual primarily responsible for
providing services to the company on behalf of Advanture. For additional
information about Advanture and its principals, please visit Advanture's
website. 


The initial term of the IR Agreement is one year. The Company will pay Advanture
a fee of $6,000 per month. The Company has also granted Advanture 60,000 stock
options with an exercise price of $0.57 per share, exercisable until the earlier
of December 5, 2016 and the date which is 30 days from date the IR Agreement is
terminated.


The Company will also reimburse Advanture for certain reasonable expenses
incurred in connection with its services under the IR Agreement. 


The Company has also granted an aggregate of 120,000 incentive stock options to
consultants and employees of the Company. The options are exercisable at a price
of $0.57 per share until December 5, 2016. 


The Company is a junior mining resource exploration company focused on acquiring
mineral properties and exploring for and developing economically viable mineral
resources. The Company's mineral property is located in British Columbia. 


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's prospectus dated
September 30,2011 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.

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