Klondike Silver Announces Private Placement

KLONDIKESILVER.com

KS : TSX.V K1SN : FSE

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

KLONDIKE SILVER ANNOUNCES PRIVATE PLACEMENT

January 23, 2019 - Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSX.V: KS)

announces that it is raising up to $1,200,000 through a non- brokered private placement (the “Offering”)

of up to 24,000,000 units at a price of $0.05 per unit. Each unit will consist of one common share and

one non-transferable share purchase warrant, with each warrant exercisable for a period of 5 years from

the closing at a price of $0.05 per share. All Units are subject to a four-month hold period from the date

of issuance. Commissions may be paid on a portion of the funds raised.

The net proceeds will be used for advancing Klondike’s Sandon B.C. Zinc Silv er Lead project ,

located 80 KM north of the Trail B.C. smelter, and for general working capital.

PHASE ONE DRILL PROGRAM COMMENCED JANUARY 18, 2019.

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 seventy three (173) past pr oducing 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.

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

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.