Klondike Silver – Grants Options

July 14, 2016 - Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSX.V: KS) announces that pursuant to its stock option plan, the Company has granted incentive stock options to directors, officers and an Investor Relations firm, to purchase a total of 2,650,000 common shares in the capital stock of the company, with 2,150,000 exercisable for a period of five years, and 500,000 exercisable for a period of two years, all at a price of $0.10.

About Klondike Silver Corp.

Klondike Silver Corp. has assembled a portfolio of silver exploration properties throughout Canada, most notably, in the historic Slocan Mining District, southeastern British Columbia. This camp has produced silver since the first discoveries in the late 1800s. Klondike Silver is the primary land-holder controlling a majority of the camp and the permitted, 100% owned “Sandon Milling Complex” which is ready for future production. In this land package there are numerous past producing mines. Klondike views the inferred western and eastern extensions of the “Main Lode”, as primary exploration targets.

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