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KG.V ·

No T Fo R Dist Ribut Io N T O a US Ne Wswire Se Rvice O R Fo R Dis Semin a Tio N IN Th E U N Ited S Ta TES .

Financings

NO T FO R DIST RIBUT IO N T O A US NE WSWIRE SE RVICE O R FO R DIS SEMIN A TIO N IN TH E U N ITED S TA TES .

3123 – 595 BURRARD STREET

VANCOUVER, B.C. CANADA V7X 1J1

TELEPHONE: 604-609-6138

FAX: 604-609-6145

WWW.KLONDIKEGOLDCORP.COM

Klondike Gold announces $2,750,000 Private Placement

February 20, 2019 TSX Venture Exchange Symbol – KG

Vancouver, British Columbia, Canada, February 20, 2019, Klondike Gold Corp. (TSX.V: KG; FRA: LBDP;

OTC: KDKGF) (“Klondike Gold” or the “Company”) announces that it plans to raise up to $2,750,000 in

aggregate of flow-through funds (the "Flow-Through Placement") and non-flow-through funds (the “Non-

Flow-Through Placement) by way of a non-brokered private placement.

The Flow-Through Placement will consist of the sale of flow-through shares at a price of $0.22 per flow-

through unit with each unit consisting of one common share and one share purchase warrant.

The Non-Flow-Through Placement will consist of the sale of units at a price of $0.20 per unit, with each

unit consisting of one common share and one share purchase warrant.

Each warrant will entitle the holder to purchase one common share at a price of $0.35 per common share

for a period of 3 years from closing. Finder’s fees on the gross proceeds of the offering may be paid.

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

the Company’s Yukon properties, as well as for general working capital.

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 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 the Lone Star

gold target at the confluence of Bonanza and Eldorado Creeks, within a district scale 557 square kilometer

property accessible by government maintained roads located on the outskirts of Dawson City, YT within

the Tr’ondëk Hwëch’in First Nation traditional territory.

On behalf of KLONDIKE GOLD CORP.

“Peter Tallman”

President and CEO

(604) 609-6138

E-mail: [email protected]

Website: www.klondikegoldcorp.com

NO T FO R DIST RIBUT IO N T O A US NE WSWIRE SE RVICE O R FO R DIS SEMIN A TIO N IN TH E U N ITED S TA TES .

3123 – 595 BURRARD STREET

VANCOUVER, B.C. CANADA V7X 1J1

TELEPHONE: 604-609-6138

FAX: 604-609-6145

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, development s 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 t he

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 descri bed 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. ”