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KS.V ·

Klondike Silver Annouces Private Placement First Tranche

Financings

Suite 804 – 750 West Pender Street T: 604.682.2928

Vancouver, B.C., V6C 2T7 Canada F: 604.685.6905

www.KlondikeSilver.com TSX.V: KS / FSE: K1SN

KLONDIKE SILVER ANNOUCES PRIVATE PLACEMENT FIRST TRANCHE

December 1, 2017 - VANCOUVER, Canada – Klondike Silver Corp. (the “Company”) (TSX.V: KS):

Private Placement

The Company announces that it is closing the first tranche of the non -brokered private placement (the “ Private

Placement”) announced November 29, 2017. The first tranche represents 10,000,000 units raising gross proceeds

of $500,000. Completion of the Private Placement is subject to the approval of the TSX Venture Exchange. The

net proceeds will be used for advancing the Sandon B.C. project and for general working capital.

Annual General Meeting

The Company also reports it held an AGM/SGM on November 27, 2017 and all resolutions as disclosed in the

information circular passed with over 99% approval.

About Klondike Silver

Klondike Silver’s Royalty Free S ILVER LEAD ZINC land packag e (100 km2) is located i n the S LOCAN

MINING CAMP (Southeast British Columbia – 138 km North of Teck’s Silver Lead Zinc smelter (Trail B.C.)).

Based on the British Columbia MINFILE mineral database, sixty eight (68) of the one hundred and seventy three

(173) past producing Silver Lead Zinc 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 Silver Lead Zinc camp in Canada. For additional information please visit the company

website www.klondikesilver.com.

CONTACT INFORMATION

Corporate Inquiries:

Dale Dobson: (604) 682-2928

Email: [email protected]

On Behalf of the Board of Directors

Klondike Silver Corp.

"Thomas Kennedy"

Thomas Kennedy, B.Comm., J.D.

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 Cor p. 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 wil l or may occur in the future.

Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency ex change

rates, and, but not limited to, general economic factors.

Neither the TSX Venture Exchange n or 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.