Cusac Gold Mines Ltd to Gain 100% Control of 1.04 Million Ounce Taurus Project by 24hgold

For Immediate Release / TSX: CQC OTCBB: CUSIF
March 2, 2007

Cusac to Gain 100% Control of 1.04 Million Ounce Taurus Project

Vancouver, BC, March 2, 2007. David H. Brett, President, Cusac Gold Mines Ltd. (TSX: CQC. OTCBB: CUSIF, the "Company"), reports that the Company has reached an agreement in principle with American Bonanza Gold Corp. ("Bonanza") to acquire 100% of Bonanzas Taurus Project mineral claims near Cassiar, BC (the Property), which hosts a 724,000 ounce inferred gold resource, and which, when combined with Cusacs portion of the Taurus Project, comprises a 1.04 million ounce inferred gold resource.

Subject to TSX approval and the execution of a definitive agreement, the agreement in principle calls for Cusac to pay Bonanza 1.5 million shares of Cusac upon TSX approval, $6 million in cash through 4 payments of $1.5 million every 6 months commencing 6 months following TSX approval, an additional $3 million payable 60 days following the earlier of the receipt by Cusac of a feasibility study recommending commercial production on the Property and the date the Property is placed into commercial production, plus an additional 1.5 million shares within 24 months of approval.

The parties have further agreed that if the spot price of gold closes above US$800 per ounce for a period of 100 consecutive trading days within the 24 month period, then Cusac will pay Bonanza an additional $1 million within 24 months and an additional $1 million at feasibility or commencement of commercial production. In the event that Cusac completes the purchase of the Property within 12 months of approval, then total consideration paid by Cusac to Bonanza will be limited to $6 million within the 12 months, $3 million at feasibility, and the initial 1.5 million shares. The agreement in principle calls for Bonanza to not vote any shares received by Bonanza against management of Cusac.

The Taurus Project is contiguous with Cusacs Table Mountain Property and has been explored over the years by International Taurus Resources Inc. (now merged with Bonanza), Cyprus Canada, Inc., Cusac, and others. In 2006, a 43-101 compliant technical report prepared by Wardrop Engineering estimated an inferred gold resource of 1,040,000 ounces contained in 32,386,000 tons grading 1 gram/tonne based on over 370 drill holes located on claims owned by Cusac and Bonanza.

"I am thrilled that Cusac and American Bonanza have been able to reach an agreement that consolidates the Cassiar Gold Camp," said Cusac CEO David H. Brett. "Having the producing high-grade Table Mountain gold mine, Taurus II exploration project and the Taurus Project under Cusacs control will help us achieve our vision of developing the Cassiar region as premier gold producing area in BC and significantly growing our gold production in the future."

On behalf of the Board of Directors:

"DAVID H. BRETT"
___________________________________
CEO & Director,
Cusac Gold Mines Ltd.

For Further Information Please Call:
1-800-670-6570 (Canada)
or 1-800-665-5101 (USA)
604-682-2421 (Local)
Email: info@cusac.com
Web: http://www.cusac.com
Stock Quotation:
CUSIF : OTCBB

CQC : Toronto Stock Exchange

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

About Cusac Gold Mines Ltd.:

Cusac Gold Mines, Ltd. is a gold mining company in existence since 1966.. Cusac has a dominant land position in the Cassiar Gold Camp of northern BC, and is producing gold from high-grade quartz veins on Table Mountain. Cusac controlls 100% of the low-grade, bulk tonnage, million-ounce resource at the Taurus deposit, and is exploring for more bulk-tonnage, disseminated gold mineralization nearby at its 100% owned Taurus II project. Please visit our website www.cusac.com for more details.

Forward Looking Statements

There are forward-looking statements contained herein that are not based on historical fact, including without limitation statements containing the words believes, may, plans, will, estimate, continue, anticipates, intends, expects and similar uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such factors include, among others, Cusacs exploration results, lack of revenues, additional capital requirements, risks associated with the exploration activity. These factors should be considered carefully and readers are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments.

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Cusac Gold Mines Ltd.
Suite 1600, 409 Granville Street
Vancouver, B.C. V6C 1T2
Canada

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Cusac Gold Mines Ltd

to Gain 100% Control of 1.04 Million Ounce Taurus Project

For Immediate Release / TSX: CQC OTCBB: CUSIFMarch 2, 2007

Cusac to Gain 100% Control of 1.04 Million Ounce Taurus Project

For Immediate Release / TSX: CQC OTCBB: CUSIF
March 2, 2007