KG.V · 2026-06-01 12:00:00

Klondike Gold Announces Receipt of Funds from Gold Royalty Payments and Warrants Exercise Vancouver, British Columbia, Canada – Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTCQB: KDKGF) (“Klondike Gold” or the “Company”) is pleased to report receipt of funds in the ﬁrst quarter of YE 2027

June 1, 2026

Klondike Gold Announces Receipt of Funds from Gold

Royalty Payments and Warrants Exercise

Vancouver, British Columbia, Canada – Klondike Gold Corp. (TSX.V: KG; FRA: LBDP; OTCQB: KDKGF)

(“Klondike Gold” or the “Company”) is pleased to report receipt of funds in the ﬁrst quarter of YE 2027

from exercise of warrants and stock options and receipt of gold royalty payments from Armstrong Mining

Corp in respect of placer mining operations at the Montana Creek Placer Property1 within the Company’s

100%-owned Klondike District Project, located in the Dawson mining district of Yukon Territory, Canada.

Highlights:

• Received a cash payment of $15,581.31 in May representing royalty payment due from “clean up”

of 2025 late season gold bearing heavy mineral concentrates processed in May 2026 from the

Montana Creek Placer Mine1.

• Received 39.9 raw ounces of (unreﬁned) ﬂake gold from three royalty payments derived from gold

recovered during May 2026 mining operations at the Montana Creek Placer Mine 1. The

approximate weight received as physical credited to the Company ’s demand account is 26.3 oz

reﬁned gold after smelting, fees, applicable taxes and royalty charges.

• Received a total of $560,363.25 from the exercise of an aggregate of 3,595,755 warrants and stock

options up to the end of May 2026.

“The Klondike Gold team recently completed a tour of the Montana Creek Placer Property facilities and

mining site and the operational progress we saw there is remarkable . We are conﬁdent the 2026 season

productivity projections are on track and the operation is running optimally. For me personally it was a

very informative and impressive tour.” commented Peter Tallman, President and CEO of Klondike Gold

Corp. “We also appreciate our shareholders support with warrant exercises and the capital that this brings

to the Company.”

The Company intends to apply cash and proceeds from warrant and option exercises and any future sale

of the received gold toward advancing the 2026 bedrock exploration and drilling program underway now3

designed to support an updated and expanded gold mineral resource estimate (“MRE”)2 and for general

corporate purposes.

The Klondike District Project covers a 727 square kilometer district-scale land package encompassing the

entirety of the historic Klondike Goldﬁelds placer district where the Company has documented numerous

bedrock gold showings and related structures associated with a major orogenic-style gold mineralized

system.

QUALIFIED PERSON

The technical and scientiﬁc information contained within this news release has been reviewed and

approved by Peter Tallman, P .Geo., President and CEO of Klondike Gold and Qualiﬁed Person as deﬁned

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by National Instrument 43 -101 – Standards of Disclosure of Mineral Projects. Detailed technical

information, speciﬁcations, analytical information and procedures can be found on the Company ’s

website.

About Klondike Gold Corp.

Klondike Gold Corp. is a Canadian exploration company focused on the advancement of its 100%-owned

Klondike District Project in Yukon Territory, one of the world ’s most historically signiﬁcant placer gold

districts. The Company is focused on discovering and developing large -scale gold resources through

systematic exploration and geological modeling. The Company also maintains a mining production royalty

interest in the currently active Montana Creek Placer Property1.

ON BEHALF OF KLONDIKE GOLD CORP .

“Peter Tallman”

Peter Tallman,

President and CEO

FOR FURTHER INFORMATION:

Telephone: (604) 609-6138

E-mail: [email protected]

Website: www.klondikegoldcorp.com

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy

of this release.

Forward-Looking Statements

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 assumptions 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 intended. 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 statements 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.

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For more information on the Company, investors should review the Company ’s continuous disclosure ﬁlings that are

available at www.sedarplus.ca.

__________________________

1 Refer to the Company’s News Release “Klondike Gold Receives $500,000 for Lease of Montana Creek Placer Property dated March

3, 2025 found on the Company ’s website at: https://www.klondikegoldcorp.com/klondike-gold-receives-500000-for-lease-of-

montana-creek-placer-property.

2 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.

3 Refer to the Company’ s News Release “ Klondike Gold Announces 2026 Diamond Drilling Progra m Underway to Update and

Expand Gold Mineral Resources dated M ay 26 , 2026 found on the Company ’s website at

https://www.klondikegoldcorp.com/klondike-gold-announces-2026-diamond-drilling-program-underway-to-update-and-

expand-gold-mineral-resources/ and ﬁled on SEDAR+ at www.sedarplus.ca.

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