Drill Hole #2 Confirms Main Lode True Width 38.5 Meters (126 feet)

Drill Hole #2 Confirms

Main Lode True Width 38.5 Meters (126 feet)

March 26, 2019 - Vancouver, British Columbia KLONDIKE SILVER (TSX -V: KS) has

completed two diamond drill holes of their 26- hole program. The program was designed to explore the

fault off-set of the Main Lode, at the start of the Company’s unexplored “Silver Mile” (1.6 km) section

of the Main Lode (vein system). Both holes have intersected the Main Lode with a n average true width

of approximately 38.5 meters (126 feet) which is consistent with the average true width of the Silvana

portion of the Main Lode . Klondike’s intersections contain several well brecciated zones containing

calcite and siderite veining with spha lerite, pyrite and galena. Assay results are pending . A series of

QA/QC samples (i.e. Certified Reference Material, blank and duplicate) have been added to the sample

stream at regular intervals. They are being assayed by ActLabs in Kamloops which is an accredited

laboratory (ISO/IEC 17025, Lab 790). The two intersections are similar in appearance to Main Lode

drill hole intersections within the Silvana Mine workings. The se new intersection s are approximately

400 meters West of the old Silvana mine worki ng. The strike length of the Main Lode has been traced

by surface expression over the last 125 years and by the numerous mines located along and within the

structure.

MAIN LODE LOCATION: The SLOCAN MINING CAMP South Eastern B.C.

(vein structure) 138 km (86 miles) North of Teck’s Zinc Silver Lead smelter.

LENGTH: 9 kilometers (5.6 miles) in total (East-West).

7 km (4 miles) (including “Silver Mile 1.6 km)

located in Klondike’s 100 square kilometer land package.

The FOUR past producing mines located to the West of the Silver Mile on the Main Lode (Standard,

Echo, Hecla and Mammoth) produced 831,670 tonnes per BC MINFILE:

Silver 377 g/t (11.0 oz per ton) – total 313,000 kg

Lead 5.19 % – total 43 million kg

Zinc 6.56 % – total 55 million kg

The NINE past producing mines located on Klondike Silver’s L and Package (Jennie Lind- Read,

Carnation, Evening, Silvana, Hope -Ruth, Silversmith-Slocan Star, Slocan King, Richmond- Eureka and

Freddie Lee) produced 964,678 tonnes per BC MINFILE:

Silver 596 g/t (17.4 oz per ton) – total 574,883 kg

Lead 7.69 % – total 74 million kg

Zinc 4.19 % – total 40 million kg

SUMMARY

FOUR past producing Zinc Silver Lead mines to the West and NINE past producing Zinc Silver

Lead mines on Klondike Silver’s Land Package, all located on the 9 kilometer Main Lode , provide the

evidence that the Silver Mile should host significant mineralization.

WHAT’S NEXT

To continue drilling along the Main Lode within the Silver Mile to discover additional Zinc Silver

Lead mineralization.

2

KLONDIKESILVER.com

KS : TSX.V K1SN : FSE

804 – 750 West Pender St. Vancouver, B.C. Canada, V6C 2T7 T: 604.682.2928

ABOUT KLONDIKE SILVER:

Klondike Silver’s Royalty Free ZINC SILVER LEAD land package (100 km 2) is located in the

SLOCAN MINING CAMP (Southeast British Columbia – 138 km North of Teck’s Zinc Silver Lead

smelter (Trail B.C.)). Based on the British Columbia MINFILE mineral database, sixty eight (68) of

the one hundred and s eventy three (173) past producing Zinc Silver Lead mines in the Slocan Mining

Camp are located in the Klondike Silver land package. Klondike Silver has created the first real

opportunity to invest in and properly explore a sizeable portion of one of the most historic mining camps

in British Columbia. Klondike likes to think of the Slocan as the last best under explored Zinc Silver

Lead camp in Canada.

The scientific and technical disclosure in this news releas e has been reviewed and approved by David

Makepeace, P.Eng., Senior Geologist – Environmental Engineer for Micon International Limited, who is

an independent consultant to the Company and Qualified Person as defined in NI 43-101.

On Behalf of the Board of Directors Contact Information

Klondike Silver Corp. Corporate Inquiries:

"Thomas Kennedy" Dale Dobson: (604) 682-2928

Thomas Kennedy, B.Comm., J.D. Email: [email protected]

CEO, Director

This news release contains certain forward looking statements which involve known and unknown risks, delays, and

uncertainties not under the control of Klondike Silver Corp. which may cause actual results, performance or achievements of

Klondike Silver Corp. to be materially different from the results, performance or expectation implied by these forward

looking statements. 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.

Neither the TSX V enture 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.