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KS.V ·

Klondike Silver Commences 2022 Drill 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 Commences 2022 Drill Program

October 26, 2022, Vancouver, British Columbia: Klondike Silver Corp. (TSX.V: KS) (the “Company”)

Further to the New Release of May 17, 2022 Klondike Silver has completed construction of drill station #2.

Klondike has commenced drilling hole # 1 and has successfully intersected the Main Lode. The 2022 drill

program is underway.

Klondike’s Silvana Mine Silver Lead Zinc project is located in South Eastern B.C., 138 km north of the Trail

B.C. smelter. The Company is exploring from underground, the western extension of the Silvana Mine, along the

“Main Lode”. The “Main Lode” is a 9 km vein structure which is the most prolific mineralized structure in the

Slocan Mining Camp.

About Klondike Silver

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

• Klondike’s 116 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 historical mines that are situate d along the “Main Lode” which have produced

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

On Behalf of the Board of Directors

KLONDIKE SILVER CORP

“Thomas J. Kennedy”

CEO and Director

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 Ventur e 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.

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

Caution Regarding Forward-Looking Information

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

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

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

involve known and unknown risks, including, without limitation, 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 necessarily based upon a number of estimates and assumptions that, while considered

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

future events to differ materially from those expressed or 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 from 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 in tention 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,