Klondike Silver – Cancels Options

KLONDIKE SILVER

Our Vision: Silver/Zinc/Lead Production

KLONDIKESILVER.com

KS : TSX.V K1SN : FSE

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

KLONDIKE SILVER – CANCELS OPTIONS

March 30 , 2021 - Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSX.V: KS) announces that

pursuant to its stock option plan, the Company has cancelled 8,250,000 incentive stock options to director s and

officers which were granted on January 29, 2021.

About Klondike Silver

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

Trail B.C. smelter. The Company is actively 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. There are 13 historical mines that are situated along the

9 km vein structure which have produced 886,000 kg of silver, 95 million kg of zinc and 117 million kg

lead so far. Including 8 of the 13 above there are 68 historical mines that ar e situated in the Klondike

Silver 116 square kilometer claim block which have produced 1,258,000 kg of silver, 72 million kg of zinc

and 158 million kg lead so far. (source: BC MINFILE).

Additional information can be found on the Company website: www.klondikesilver.com

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 .