Kapuskasing Gold Corp. announced that it has intersected copper mineralization on its 100% owned Lady Pond VMS Property, located adjacent to the town of Springdale, Newfoundland. The initial Phase I drill program consisted of 780 metres of NQ drilling in 8 holes. The drill program was undertaken to confirm reported copper mineralization on the property associated with historic showings including the Twin Pond and Sterling Prospects. These Prospects occur along strike from one another and are separated by a distance of one kilometer. Drilling confirmed the presence of both narrow high grade and broad zones of copper mineralization with significant intervals of up to 5.69% Cu over 0.80 metres and 0.69% Cu over 16.39 metres. The Phase 1 drill program was the first significant drill program undertaken in the area since the late 1960's and valuable new information was obtained about the historical drilling. Drilling at the Sterling Mine area encountered an approximate 5 foot void in KSP17-02 where a wooden pillar was intersected at 56 meters depth. Although the hole had to be abandoned and the results of the drilling not anticipated, it indicates that much more significant work was performed historically than is documented in the previous databases. In addition, the drilling program at Twin Pond was centered around the results from historical data gleaned from Government databases. It was not until hole KTP17-03 was collared that it became clear the historical holes were plotted approximately 50 meters away from their proper locations. Given this new information, the best grades noted historically were not duplicated during this drill program. The Phase 1 drill program illustrates that significant high-grade copper mineralization occurs at both localities. Several priority targets remain untested on both the Sterling and Twin Pond Prospects, as well as all targets located on the Lady Pond Prospect. A Phase II program is being designed to both drill the remaining high priority targets not tested during the Phase 1 program and to better target high grade zones at depth and along strike. KAP's QA/QC program includes insertion of blanks, duplicates and standard samples in regular intervals. Analytical control measures for the drilling program involve both internal and external laboratory check samples to ensure that data received and used are accurate and reliable. All core samples were assayed by Eastern Analytical Limited located at Springdale, Newfoundland. Eastern Analytical Limited is an ISO 17025 accredited laboratory and is independent of KAP.