To: British Columbia Securities Commission Alberta Securities Commission TSX Venture Exchange
#711-675 WEST HASTINGS STREET VANCOUVER, B.C. CANADA V6B 1N2 TELEPHONE: 604-685-2222 FAX: 604-685-3764 WWW.KLONDIKESILVER.COM
FOR IMMEDIATE RELEASE: April 13, 2011 TSXV: KS
MATERIAL CHANGE REPORT
To: British Columbia Securities Commission Alberta Securities Commission TSX Venture Exchange
Item 1. Name and Address of Company – Klondike Silver Corp. , Suite 711 – 675 West Hastings Street, Vancouver, B.C., Canada V6B 1N2
Item 2. Date of Material Change – April 13, 2011
Item 3. News Release – News Release issued April 13, 2011, at Vancouver, BC.
Item 4. Summary of Material Change - Vancouver, BC – Klondike Silver Corp. (TSXV:KS) (the “Company”) . is pleased to announce it has arranged for a private placement of up to 1,200,000 units for total proceeds of up to $ 372,000.
Item 5. Full Description of Material Change VANCOUVER, BC —Klondike Silver Corp. (the “Company”) (TSX-V: KS) is pleased to announce it has arranged for a private placement of up to 1,200,000 units for total proceeds of up to $ 372,000. The financing will consist of Units priced at $0.31 per Unit. Each of the units consists of one common share and one non-transferable share purchase warrant entitling the holder to purchase one additional common share for five years at a price of $0.40 per share. In accordance with Exchange policies, finders' fees may be paid on a portion the funds raised. The private placement is subject to regulatory approval.
Proceeds from the private placement will be used for exploration expenditures on the Company’s Yukon, British Columbia and Ontario mineral properties as well as for general working capital.
Item 6. Reliance on Section 7.1(2) or (3) of National Instrument 51-102 – Not applicable.
Item 7. Omitted Information – The undersigned is aware of no information of a material nature that has been omitted.
Item 8. Executive Officer – Mr. Alan Campbell, CFO of the Issuer, is knowledgeable about the material change and this report. He can be contacted at (604) 685-2222.
Item 9. Date of Report – Dated at Vancouver, British Columbia, this 13 day of April, 2011.