Nevada Gold Explorer, Klondex Mines, Appoints Veteran Geologist Ted Wilton as V.P. Exploration

Klondex Mines Ltd. (TSX: KDX, 'Klondex?), a gold exploration
company focused in Nevada, announced today the appointment of Dean T.
'Ted? Wilton, as Vice President, Exploration. Mr. Wilton will direct all
of Klondex′s exploration activities which are currently focused on
surface and underground programs at its 100% owned Fire Creek deposit in
North Central Nevada.

Ted Wilton has over 40 years of exploration experience, including 25
years focused on gold exploration, of which 10 years were in Nevada. Mr.
Wilton has worked for some of the world′s leading gold exploration and
mining companies including Freeport McMoRan, Minorco USA/Independence
Mining, Kinross Gold, Queenstake Resources USA, Granges US (now Vista
Gold) and most recently, Victoria Gold. Ted helped discover seven ore
deposits with over 16 million ounces of gold that were developed into
mines in northern Nevada and in the Eastern Goldfields region of Western
Australia, as well as three gold deposits awaiting development.

Klondex CEO, Blane Wilson, commented, 'Ted Wilton is a very experienced
exploration geologist with an impressive track record of success in
discovering and developing gold deposits and building mines. His
substantial knowledge and experience developing Nevada gold properties
make him ideally suited to direct our exploration efforts.?

During his career he has been responsible for exploration and mine
geology programs for underground mines at the Jerritt Canyon gold
operation in northeastern Nevada and played a key role in the discovery
of the Starvation Canyon gold deposit in Nevada. As VP Exploration at
Minorco/Independence, Mr. Wilton was responsible for the exploration,
geological development drilling and mine geology programs in Nevada,
including all phases of exploration at the Jerritt Canyon and Big
Springs gold mines, and was involved in the discovery of the Murray,
Steer Canyon, SSX, Dash and Smith gold mines.

Mr. Wilton earned his B. Sc. Degree in Geology, with a minor in Mining
Engineering, at the New Mexico Institute of Mining & Technology. He is
an AIPG certified Professional Geologist, received the Northwest Mining
Association′s Honorary Life Member award in 2006, and was awarded the
2011 Distinguished Alumni Achievement Award by the New Mexico Institute
of Mining & Technology. Mr. Wilton fulfills the requirements of a
'Qualified Person? as defined by National Instrument 43-101 and has
authored or co-authored several NI 43-101 Technical Reports for gold and
uranium projects.

About Klondex Mines Ltd. (www.klondexmines.com):

Klondex Mines is focused on the exploration and development of its 100%
owned Fire Creek gold deposit in North Central Nevada. Fire Creek is a
compelling gold mining prospect that is located near power,
transportation, mining infrastructure and several milling facilities.
Fire Creek′s updated mineral resource is reviewed in the table below.
For more information on the mineral resource estimates, please refer to
Klondex′s disclosure available at the SEDAR
website and here.

In addition to an active surface exploration program at Fire Creek, in
April 2011 Klondex initiated an underground exploration and development
program being pursued via an underground decline. The program is
designed to enable more cost effective in-fill drilling of its existing
resource from underground stations as well as to enable bulk sampling
for metallurgical testing of up to 120,000 short tons of material
(limited to 36,500 short tons per year). Bulk sampling is targeted to
begin in Q1 2012.

As of December 19, 2011, Klondex had 46.4 million shares issued and
outstanding and 59.1 million shares on a diluted basis.

Richard Kern (P.Geo), of Reno, Nevada, a qualified person as defined
under National Instrument 43-101, has reviewed and approved the
technical information contained in this press release.

This news release contains forward-looking statements, including about
current expectations on the timing of project development. These
forward-looking statements entail various risks and uncertainties, are
based on current expectations, are subject to a number of uncertainties
and risks, and actual results may differ materially from those contained
in such statements. These uncertainties and risks include, but are not
limited to, the strength of the global economy; the price of gold;
operational, funding and liquidity risks; the degree to which mineral
resource estimates are reflective of actual mineral resources; the
degree to which factors which would make a mineral deposit commercially
viable are present; the risks and hazards associated with underground
operations. Risks and uncertainties about the Company′s business are
more fully discussed in the Company′s disclosure materials filed with
the securities regulatory authorities in Canada and available at www.sedar.com.
Readers are urged to read these materials. Klondex assumes no obligation
to update any forward-looking statement or to update the reasons why
actual results could differ from such statements unless required by law.

On Behalf of Klondex Mines Ltd.

Blane W. Wilson

President
& CEO

Investors & Media:

Jaffoni & Collins

David
Collins, 212-835-8500

KDX@jcir.com