Banks Island Gold Ltd. announced that its board of directors has appointed Saurabh Handa as Chief Financial Officer effective July 6, 2015. Mr. Handa replaces Craig Kalnin who had served as the company's interim CFO since September 2014. Mr. Kalnin will remain with the company serving as the Director of Finance.

Effective immediately, Mr. Handa will step down as the Chairman of the Audit Committee and will be replaced by Fred Sveinson who has served on the Audit Committee since June 2011. Mr. Handa will continue to serve as a director for the company and as a member of the Audit Committee.