Klondike Silver Corp. Announces Additions to Management and Provides an Update

September 3, 2015 - VANCOUVER, Canada – Klondike Silver Corp. (the “Company” “Klondike”) (TSX.V: KS) is pleased to announce the appointment of Christopher P. Cherry, CPA, CA CGA as a director of the Company effective immediately. Joseph Montgomery Ph.D., P.Eng and Dave Makepeace B.A. Sc., M. Eng., have also joined on as technical advisors to the Company.

Mr. Cherry has over 14 years of corporate accounting and audit experience. Mr. Cherry has extensive corporate experience and has held senior level positions for several public companies including Director, Chief Financial Officer, and Secretary. Mr. Cherry has been a Chartered Accountant since February 2009 and a Certified General Accountant since 2004. In his former experience as an auditor, he held positions with KPMG and Davidson and Co. LLP in Vancouver, where he gained experience as an auditor for junior public companies, and as an IPO specialist.

Mr. Montgomery is a geological engineer. He holds a B.Sc. in Geology, a M.Sc. in Geology and a Ph.D. in Geology. Dr. Montgomery has been practicing since 1959 and maintains his professional status as a member of the Association of Professional Engineers and Earth Sciences of British Columbia. He is also a member of the advisory board of the Canadian Institute of Gemology.

Mr. Makepeace is a senior geologist-environmental engineer. He holds a B.A.Sc.(Hons) degree in Geological Engineering from Queen’s University in Kingston, Ontario. He also has a M.Eng. degree in Environmental Engineering from the University of Alberta. He is a registered Professional Engineer in British Columbia and Alberta and has 36 years of geological, mining and environmental experience throughout North and South America and Africa. He presently works for Micon International Limited. He worked at the Silvana mine from 1983 to 1989 with the position of exploration geologist and then as chief geologist-engineer.

The Company’s priority project is the Slocan Silver Camp, located at Sandon in the West Kootenay Region of Southern British Columbia. The main focus of the project is the Main Lode structure (see attached map) which is approximately eight kilometers in length. The Main Lode has hosted the majority of the most productive mines in the Slocan Silver Camp. Although there have been many producing mines along the Main Lode structure there are numerous areas along the structure that are under explored. The Company’s view is that there is potential to find additional mineralization in these under explored areas of the Main Lode.

Our current focus is to work with the engineering company Golder Associates (Golder) and the Ministry of Energy and mines to remain compliant so we may continue to explore the Main Lode and many of the other targets that we are eager to test. Klondike just completed a property visit a few weeks ago with Golder and a team from Klondike in attendance to establish a work plan for the remainder of the summer into fall.

Further to the news release of Aug 12 the Company anticipates closing its private placement by September 12, 2015.

About Klondike Silver Corp.

Klondike Silver Corp. has assembled a portfolio of silver properties throughout Canada, most notably, in the historic Slocan Mining District southeastern British Columbia. This camp has produced more than 24 million ounces of silver since the first discoveries in the late 1800s. Klondike Silver is the primary landholder controlling a majority of the camp and the fully permitted, 100% owned “Sandon Milling Complex”. In this land package there are approximately 150 past producing mines. The Company views the Main Lode from the Silvana Mine westward to the Carnation Mine as the primary focus for further exploration.

For additional information please visit the company website www.klondikesilver.com.

Klondike Silver Corp.

"Thomas Kennedy"

Thomas Kennedy, CEO

Corporate Inquiries:

Dale Dobson: 604.682.2928 Email: [email protected]

“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.”

Cautionary note:

This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and minelife projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.