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KS.V ·

Klondike Silver 2024 Drilling Program

Exploration Programs

804-750 WEST PENDER STREET

VANCOUVER, B.C. CANADA V6C 2T7

TELEPHONE: 604-682-2928

FAX: 604-685-6905

Our Vision: Silver/Zinc/Lead Production WWW.KLONDIKESILVER.COM

TSX-V: KS FRA: K1SN

KLONDIKE SILVER 2024 DRILLING PROGRAM

April 12, 2024 - Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSXV: KS | OTC:

KLSVF | WKN: A1H8T1) is pleased to provide an update from its current underground drill program at

the Silvana Mine, targeting western extensions of the mine within the historic Silvana claim block that

the Company owns in southeastern British Columbia.

Drill holes from the first phase of drilling were laid out to intersect , map and model the extensions of

vein structures down dip of three mineralized lodes from surface on the Silvana Mine claims, with the

intention of targeting silver, zinc, and lead mineralization in the Company’s phases of drilling.

All drill cores from the 2023 pr ogram have been logged. Intervals of core have been sampled. Cores

were sawed lengthwise, with one half bagged and sent to an independent lab for analyses, and one

half retained for further inspection. Sample analyses are awaited from the lab.

Drilling in the 2024 program is now oriented northerly from drill station 2 to intersect downward

projections of the Carnation Hanging wall and Footwall Lodes. The first 2024 activity will be deepening

of two holes that have been drilled part of the distance to the Hanging wall and Footwall Lodes.

Klondike president and CEO, Mr. Tom Kennedy states, “ The Company’s Silver Mile target is an area

1.5km along strike, 100% within Klondike’s claim block between the Mammoth and Silvana Mines. This

area has yet to be fully explored due to fractured ownership that is a common theme in areas of British

Columbia with significant historic mining activities dating back more than 100 years. Klondike’s

management and exploration teams are encouraged by the potential to find and develop a resource in

the Main Vein structure between the Mammoth and Silvana mines as combined past production of the

Main Lode included 28 million oz silver, 209 million lbs zinc and 258 million lbs lead.”

The technical information in this news release has been reviewed by Locke Goldsmith, M.Sc., P.Eng.,

P.Geo., a Q.P.

• Klondike’s Silvana Mine Silver Zinc Lead project is located in South Eastern B.C.

• Klondike’s 114 square kilometer claim block is 138 km north of the Trail B.C. smelter.

• Klondike Silver is exploring from underground, along the 9 km “Main Lode”. The “Main Lode” is

the most prolific mineralized structure in the Slocan Mining Camp.

• There are 13 past producing mines that are situated along the “Main Lode” that have

produced 886,000 kg of silver, 95 million kg of zinc and 117 million kg lead so far. (source: BC

MINFILE).

• There are 67 past producing mines that are situated in Klondike Silver’s 114 square

kilometer claim block. (source: BC MINFILE).

On Behalf of the Board of Directors

KLONDIKE SILVER CORP

CEO and Director

“Thomas J. Kennedy”

804-750 WEST PENDER STREET

VANCOUVER, B.C. CANADA V6C 2T7

TELEPHONE: 604-682-2928

FAX: 604-685-6905

Our Vision: Silver/Zinc/Lead Production WWW.KLONDIKESILVER.COM

TSX-V: KS FRA: K1SN

Additional information can be found on Klondike Silver’s website: www.klondikesilver.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. The TSX Venture Exchange has not

reviewed the content of this news release and therefore does not accept responsibility or liability for the adequacy or

accuracy of the contents of this news release.

Caution Regarding Forward-Looking Information

This news release includes certain information that may constitute “ forward-looking information” under applicable Canadian

securities legislation. Forward -looking inf ormation includes, but is not limited to, statements about strategic plans, future

work programs and objectives and expected results from such work programs. Forward- looking information necessarily

involve known and unknown risks, including, without limita tion, risks associated with general economic conditions; inability

to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable

terms; and other risks.

Forward-looking information is necessari ly based upon a number of estimates and assumptions that, while considered

reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and

future events to differ materially from those expressed o r implied by such forward- looking information and the risks

identified in the Company’s continuous disclosure record. There can be no assurance that such information will prove to be

accurate, as actual results and future events could differ materially fro m those anticipated in such information. Accordingly,

readers should not place undue reliance on forward -looking information. All forward- looking information contained in this

news release is given as of the date hereof and is based upon the opinions and estimates of management and information

available to management as at the date hereof. The Company disclaims any intention or obligation to update or revise any

forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.