Klondike Gold Reports Gold Run Property Assays, New Staking

Vancouver, British Columbia (FSCwire) - Klondike Gold Corp. (TSX.V:KG) (“Klondike Gold” or the “Company”) announces rock assay results from 37 prospecting samples on the Gold Run Property collected during the 2014 field program as part of a broader program evaluating the Lone Star, Dominion, and Gold Run Properties totalling 22,500 hectares area located near Dawson, YT, Canada.  Klondike Gold owns a 100% interest of 1,228 quartz claims and 14 crown grants covering the western half of the Klondike placer goldfields.  The Company also reports the acquisition by staking of an additional 178 quartz claims totalling an additional 3,100 hectares adjoining or in the immediate area of the Lone Star and Dominion Properties.

Summary:

• Nine prospecting samples of quartz veining had gold assays between 3.0 g/t and 26.4 g/t Au.  (Prospecting samples are selective in nature; systematic test results may vary significantly.) 
• Two prospecting samples contain visible gold.  Quartz veins are the same generation of “D4” veining found on the Lone Star and Dominion properties.
• Klondike Gold has completed acquisition by staking of an additional 178 quartz claims totalling an additional 3,100 hectares area.  These claims cover portions of a fault network previously identified as “D4” faults and this fault network appears to be a primary control on “D4” gold-bearing quartz veins in Klondike area.   

Regional Structure:

In 2014, Klondike Gold recognized and field mapped a new shear fault array of regional importance, as described in News Releases dated January 14, 2015 and January 19, 2015.  The fault network is extensional in nature and thought to control the emplacement of Klondike area gold-enriched “D4” age veins.  At the Gold Run Property, the location of the eastern continuation of the main NNW-SSE shear fault approximately underlies the northern claim boundary of the property in proximity to anomalous soils.

Prospecting:

Prospecting in 2014 was guided by interpreted magnetics and investigated areas of faulting with the objective of documenting gold-enriched quartz veins and distinguishing them from unmineralized quartz and carbonate veins.  Thirty-seven prospecting samples of all types of quartz veins were collected for assay from throughout the 16.6 square kilometer Gold Run Property and submitted for analysis.

Nine of these 2014 prospecting samples had a gold assay result ranging from greater than 3 g/t Au to 26.4 g/t Au.  All nine samples contain anomalous silver.  The nine significant assay results are listed in Table 1.

Table 1: Gold Run Property Assay Results