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KG.V ·

Frank Giustra Advises Klondike Gold Corp. of Change in Security Holdings

Corporate Updates

3123 – 595 BURRARD STREET

VANCOUVER, B.C. CANADA V7X 1J1

TELEPHONE: 604-609-6110

FAX: 604-609-6145

WWW.KLONDIKEGOLDCORP.COM

Frank Giustra Advises Klondike Gold Corp. of Change in Security Holdings

June 28, 2017 TSX Venture Exchange Symbol – KG

Vancouver, British Columbia, Canada, June 28, 2017, Klondike Gold Corp. (TSX.V:KG; FRA: LBDP)

(“Klondike Gold” or the “Company”) has been advised of the recent acquisitions made by Frank

Giustra and his related entities. Frank Giustra and his related entities will be filing on SEDAR an early

warning report pursuant to the early warning requirements of applicable securities laws in Canada with

respect to holdings in Klondike Gold Corp. (the “Issuer”).

Fiore Financial Corporation, a company owned and controlled by Frank Giustra purchased 13 5,500 shares

of the Issuer. Prior to the acquisition of securities, Mr. Giustra owned directly and indirectly 9,641,664

common shares, representing 14.36% of the outstanding shares of the Issuer. As a result of the acquisition

of securities described ab ove, Mr. Giustra directly and indirectly owns in aggregate 9,777,164 common

shares of the Issuer, representing 14.56% of the current issued and outstanding common shares of the

Issuer.

Mr. Giustra and his related entities acquired these securities for in vestment purposes and as disclosed in

the Early Warning Report accompanying this news release, may in the future acquire or dispose of securities

of the Issuer, through the market, privately or otherwise, as circumstances or market conditions warrant.

For additional information, or for a copy of the early warning report filed in respect of the above

transaction, please consult www.sedar.com.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia, and

Dawson City, Yukon Territory. The Company is focused on exploration and development of its Yukon gold

projects, accessible by government maintained roads located on the outskirts of Dawson City, YT, covering

a district-scale 527 square kilometers of hard rock and 20 square kilometers of placer claims including

“McKinnon Creek” featured on the Discovery Channel show “Gold Rush”.

On behalf of Klondike Gold Corp.

“Peter Tallman”

President and CEO

(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.

Disclaimer for Forward-Looking Information

“This press release contains “forward-looking information” and “forward-looking statements” within the meaning of

applicable securities laws. This information and statements address future activities, events, plans, developments and

projections. All statements, other than statements of historical fact, constitute forward- looking statements or

forward-looking information. Such forward-looking information and statements are frequently identified by words

such as “may,” “will,” “should,” “anticipate,” “plan,” “expect,” “believe,” “estimate,” “intend” and similar

terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of

its experience, current conditions, expectations of future developments and other factors which it believes to be

reasonable and relevant. Forward-looking information and statements involve known and unknown risks and

uncertainties that may cause Klondike’s actual results, performance and achievements to differ materially from those

expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not

be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of

financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations,

including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other

risks and uncertainties which are more fully described in our annual and quarterly Management’s Discussion and

Analysis and in other filings made by us with Canadian securities regulatory authorities and available at

www.sedar.com. Klondike disclaims any obligation to update or revise any forward- looking information or statements

except as may be required.