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Klondike Gold Announces $1,750,000 Private Placement

Financings

NOT FOR DISTRIBUTION TO A US NEWSWIRE SERVICE OR FOR DISSEMINATION IN THE UNITED STATES.

3123 – 595 BURRARD STREET

VANCOUVER, B.C. CANADA V7X 1J1

TELEPHONE: 604-609-6110

FAX: 604-609-6145

WWW.KLONDIKEGOLDCORP.COM

Klondike Gold Announces $1,750,000 Private Placement

March 17, 2017 TSX Venture Exchange Symbol – KG

Vancouver, British Columbia, Canada, March 17 , 2017 , Klondike Gold Corp. (TSX.V:KG; FRA: LBDP)

(“Klondike Gold” or the “Company”) announces a non brokered private placement to raise up to $1,750,000

of flow-through funds (the “Private Placement”).

The Private Placement will consist of the sale of units at a price of $0.20 per unit, with each unit consisting

of one flow-through common share and one non flow-through common share purchase warrant. Each

warrant will entitle the holder to purchase one non flow-through common share at a price of $0. 30 per

common share for a period of thirty six (36) months from closing.

The Company intends to use the proceeds from the offering to continue exploration and development of

the Company’s Yukon properties.

The securities issued in connection with this transaction are subject to TSX Venture Exchange approval

and all securities will be subject to a four month plus one day statutory hold period after closing.

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

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 th at 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.”