A two-variable extension of the Bannai-Ito polynomials is presented. They are obtained via q → −1 limits of the bivariate q-Racah and Askey-Wilson orthogonal polynomials introduced by Gasper and Rahman. Their orthogonality relation is obtained. These new polynomials are also shown to be multispectral. Two Dunkl shift operators are seen to be diagonalized by the bivariate Bannai-Ito polynomials and 3and 9-term recurrence relations are provided.