Banks Island Gold Ltd. and SilverStream SEZC effective April 2, 2015, have executed the binding metals purchase agreement for the advancement of the Yellow Giant Gold Project. The company has received the balance of $1,500,000 from SilverStream for the purchase of a silver stream from the Yellow Giant Project. Under the terms of the agreement SilverStream will purchase 100% of the silver ounces produced from the project for a purchase price of $4.00 per oz.

SilverStream will be remitted a minimum of 6,667 ounces of silver each month under the agreement and will retain the option to purchase 50% of the silver production greater than the minimum amount. The minimum amount of monthly delivery will remain in place until 140,000 ounces of silver or payments in kind have been settled under the metals purchase agreement. Silver delivery can be made in silver, gold equivalent, or cash payments.