Klondike Gold Update on Phase 2 Exploration Program Vancouver, British Columbia, Canada – Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTCQB: KDKGF) (“Klondike Gold” or the “Company”) is pleased to provide an update on the Company’s
August 13, 2025
Klondike Gold Update on Phase 2
Exploration Program
Vancouver, British Columbia, Canada – Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTCQB:
KDKGF) (“Klondike Gold” or the “Company”) is pleased to provide an update on the Company’s
Phase 2 exploration activities following the successful completion of the 13-hole Phase 1 dri ll
program on the Company’s 100% owned a Klondike District Property (the “Property”) spanning
729 square kilometer bedrock gold of advanced exploration (see Figure 1).
Peter Tallman, President and CEO of Klondike states; “Phase 2 mapping results are identifying new
targets leading into an exciting Phase 3 drilling program set to begin shortly. Through the
extensive re-evaluation of the Klondike regional geology, we have incorporated much of previous
drilling, sampling and mapping into 3D visualization software (Leapfrog), which has significantly
advanced our understanding of the gold mineralizing structures in the Klondike region enhancing
our ability and confidence to target gold bearing structures to much greater depths. This
modelling is informing the upcoming Phase 3 drill testing of lateral and deep extensions to high
grade gold vein zones.”
Phase 1 drilling tested the orientation of major structures that control gold deposition at four
separate gold showings along a 3.8km section of the Eldorado Fault Corridor. This work yielded
important structural and alteration in formation regarding favourable environments for gold-
bearing veins within the Eldorado Target. Assays from 13 holes drilled in Phase 1 are pending. The
Phase 1 drill program informs Phase 2 work helping to complete detailed 3D structural and
lithologic maps for each of the Company’s four main gold zones (Lone Star, Nugget, Stander, Gay
Gulch) and integrating them into a n encompassing interpretation of gold mineralization for the
Klondike District.
The Phas e 2 program comprised of mapping and re -evaluation synthesizing 10+ years of the
Company’s modern exploration data, incorporating specific insights gained in the recent Phase 1
drilling program. Phase 2 work is a field and desktop compilation effort which systematizes the
geology and structural controlling gold mineralization regionally throughout the Klondike District.
Phase 2 results include differentiating and mapping regional thrusts, faults, and fracture faults
including those controlling gold mineralization, identification of major regional folds, and a
recharacterization of main Klondike lithologies . This work significantly updates the benchmark
1980’s vintage government geological survey mapping and derived observations.
Phase 2 mapping work includes:
• drill core relogging and mapping later faults in 3 dimensions (using Leapfrog 3D
visualization software). This involves re -examination of over 60,000 meters of past drill
core collected from the Property since 1980 and maintained as part of the Company’s core
library.
• analysis of over 10,000 oriented drill core structural measurements to map the 3D
distribution of major rock units, with particular focus on prospective lithology contacts
associated with gold mineralization, and documenting different fault types.
• a lithology remapping program using the Company’s airborne radiometric and total field
magnetic data considered in combination with new mapping of graphitic thrusts and other
faults.
• systematic short wavelength infrared (SWIR) imaging of mineral characteristics in gold -
rich vein areas. This i maging helps identify gold -associated alteration and is extremely
useful in qualifying gold-rich versus gold-poor vein zones using methodologies developed
from recent academic research.
A Phase 3 program with drill specific targets recommended from Phase 2 work is planned to
commence in early September.
Figure 1: Location of Klondike Gold ’s bedrock gold 72 9 square kilometer “Klondike District
Project” and the Montana Creek Placer lease operation.
QUALIFIED PERSONS REVIEW
The technical and scientific information contained within this news release has been reviewed
and approved by Peter, Tallman, P .Geo., President of Klondike Gold and Qualified Person as
defined by National Instrument 43-101 policy.
ABOUT KLONDIKE GOLD CORP.
Klondike Gold is a Vancouver based gold exploration company advancing its 100% -owned
Klondike District Gold Project located at Dawson City, Yukon, one of the top mining jurisdictions
in the world. The Klondike District Gold Project targets gold associated with district s cale
orogenic faults along the 55 -kilometer length of the famous Klondike Goldfields placer
district. Gold mineralization and indicated/inferred mineral resources have been identified at
both the Lone Star Zone and Stander Zone 1, among other targets. The Company retains a 10%
production royalty on the active Montana Creek placer property with payments capped at $9.5M
total over 6 years. The Company is focused on exploration and development of its 72 9 square
kilometer property accessible by scheduled airline and government-maintained roads located on
the outskirts of Dawson City, Yukon, within the Tr’ondëk Hwëch’in First Nation traditional
territory.
ON BEHALF OF KLONDIKE GOLD CORP.
“Peter Tallman”
Peter Tallman,
President and CEO
FOR FURTHER INFORMATION:
Telephone: (604) 609-6110
E-mail: [email protected]
Website: www.klondikegoldcorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Certain statements contained in this news release constitute “forward -looking statements”.
When used in this document, the words “anticipated”, “expect”, “estimated”, “forecast”,
“planned”, and similar expressions are intended to identify forward -looking statements or
information. These statements are based on current expectations of management, however, they
are subject to known and unknown risks, uncertainties and other factors that may cause actual
results to differ materially from the forward-looking statements in this news release. Readers are
cautioned not to place undue reliance on these statements. Klondike Gold does not undertake any
obligation to revise or update any forward -looking statements as a result of new information,
future events or otherwise after the date hereof, except as required by securities laws.
Forward‐looking statements involve numerous risks and uncertainties and actual results might
differ materially from results suggested in any forward ‐looking statements. These risks and
uncertainties include, among other things, market volatility; the state of the financial markets for
the Company ’s securities; fluctuations in commodity prices and changes in the Company ’s
business plans. In making the forward looking statements in this news release, the Company has
applied several material as sumptions that the Company believes are reasonable, including
without limitation, that the Company will continue with its stated business objectives and its
ability to raise additional capital to proceed. Although management of the Company has
attempted to identify important factors that could cause actual results to differ materially from
those contained in forward ‐looking statements or forward ‐looking information, there may be
other factors that cause results not to be as anticipated, estimated or intende d. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward ‐looking stat ements and forward ‐looking information. Readers are
cautioned that reliance on such information may not be appropriate for other purposes. The
Company does not undertake to update any forward ‐looking statement, forward ‐looking
information or financial out‐look that are incorporated by reference herein, except in accordance
with applicable securities laws. The Company seeks safe harbor.
For more information on the Company, investors should review the Company ’s continuous
disclosure filings that are available at www.sedarplus.ca.
[1] The Mineral Resource Estimate for the Klondike District Property was prepared by Marc Jutras,
P .Eng., M.A.Sc., Principal, Ginto Consulting Inc., an independent Qualified Person in accordance
with the requirements of NI 43 ‐101. The technical report supporting the Mineral Resource
Estimate entitled “NI 43 ‐101 Technical Report on the Klondike District Gold Project, Yukon
Territory, Canada” has been filed on SEDAR at www.sedarplus.ca effective November 10, 2022.
Refer to news release of December 16, 2022.