Klondike Silver Private Placement

Klondike Silver Corp. (the 'Company?) (TSX-V: KS) is pleased to
announce it has arranged for a private placement of up to 4,000,000
units for total proceeds of up to $ 1,000,000. The financing will
consist of Units priced at $0.25 per Unit. Each of the units consists of
one common share and one non-transferable share purchase warrant
entitling the holder to purchase one additional common share for four
years at a price of $0.30 per share. In accordance with Exchange
policies, finders' fees may be paid on a portion the funds raised. The
private placement is subject to regulatory approval.

Proceeds from the private placement will be used for exploration
expenditures on the Company′s Yukon, British Columbia and Ontario
mineral properties as well as for general working capital.

About Klondike Silver:

Klondike Silver is a member of the Hughes Exploration Group of Companies
and is led by a team with a stellar track record of discovery and
development in Canada.

The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy or contents of this news release.

The statements made in this news release may contain forward-looking
statements that may involve a number of risks and uncertainties.Actual
events or results could differ materially from the Company's
expectations and projections.

Klondike Silver Corp.

Corporate Inquiries:

Kevin Hull or Alan
Campbell

(604)-685-2222

Email: info@klondikesilver.com

Or
visit Klondike Silver′s web-site: www.klondikesilver.com