Klondike Silver Closes Private Placement Tranche

November 16, 2015 - VANCOUVER, Canada – Klondike Silver Corp. (the “Company”) (TSX.V: KS) is pleased to announce that further to the news release dated October 27, 2015 it has completed the first tranche of a non-brokered private placement raising gross proceeds of $122,500 by the issuance of 4,900,000 units at a price of $0.025 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 four years at a price of $0.07 per share.

All securities issued pursuant to the private placement are subject to a four month hold period as required under applicable securities laws.

The private placement proceeds will be used to fund ongoing engineering work performed by Golder Associates Ltd. at the Company’s Sandon Mill site, located in the Kootenays, B.C., and for general working capital and debt payment.

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 CEO, President and 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.”

Suite 804 – 750 West Pender Street T: 604.682.2928 Vancouver, B.C., V6C 2T7 Canada F: 604.685.6905 www.KlondikeSilver.com TSXV: KS / FSE: K1SN