Klondike Silver Closes Private Placement

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 CLOSES PRIVATE PLACEMENT

January 24, 2018 - VANCOUVER, Canada – Klondike Silver Corp. (the “Company”) (TSX.V: KS): The

Company announces that it is closing the second and final tranche of the non -brokered private placement (the

“Private Placement”) announced November 29, 2017. The second tranche represents 10,000,000 units raising

gross proceeds of $500,000. The first tranche closed December 1, 2017 and also represented 10,000,000 units

raising gross proceeds of $500,000. All shares are subject to a four month hold period which will expire on April

2, 2018 for tranche one and May 25, 2018 for tranche two. In connection with the placement, the Company paid a

finder's fee of $82,700 to qualified finders. Completion of the Private Placement is subject to the approval of the

TSX Venture Exchange. The net proceeds will be used for advancing Klondike’s Silver Lead Zinc project and for

general working capital.

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 th e 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.