Klondike Siliver Corp. Announces Strategic Property Acquisition

Klondike Silver Corp. (the 'Company?) (TSX-V: KS) is pleased to
announce, subject to regulatory acceptance, the purchase of the Bakus
property (the 'Property?). The property consists of seven mineral
tenures located east of New Denver, BC. Two formerly producing silver
mines, the Bonton Mine and the Dardanelles Mine, are located on the
property. ?British Columbia Government files report that The Dardanelles
mine produced 143,651 oz of silver with an average grade of 216 ounces
per ton; and that the Bonton Mine produced 2,765 oz of silver with an
average of 243 ounces per ton. The acquisition is a continuation of the
company′s ongoing project to consolidate its holdings in the in the
Sandon silver camp into one contiguous land package. Consideration for
the property consists of $30,000, the transfer of certain staked and
crown granted mineral tenures, and the issuance of 130,434 shares.

About Klondike Silver:

Klondike Silver is a Canadian silver exploration company with the
ability, through its 125 tonnes per day mill in Sandon, BC, to convert
mineralized material into Silver, Lead, Zinc concentrate. The company′s
objective is to build its supply of feed stock, with both mineralized
material from its own ground and from that of joint venture partners.

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:

Alan Campbell,
604-685-2222

Email: info@klondikesilver.com

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