KLONDIKE SILVER ANNOUNCES PRIVATE PLACEMENT

January 23, 2019 – Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSX.V: KS) announces that it is raising up to $1,200,000 through a non-brokered private placement (the “Offering”) of up to 24,000,000 units at a price of $0.05 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 5 years from the closing at a price of $0.05 per share. All Units are subject to a four-month hold period from the date of issuance. Commissions may be paid on a portion of the funds raised.

The net proceeds will be used for advancing Klondike’s Sandon B.C. Zinc Silver Lead project, located 80 KM north of the Trail B.C. smelter, and for general working capital.

PHASE ONE DRILL PROGRAM COMMENCED JANUARY 18, 2019.

ABOUT KLONDIKE SILVER:

Klondike Silver’s Royalty Free ZINC SILVER LEAD land package (100 km2) is located in the SLOCAN MINING CAMP (Southeast British Columbia – 138 km North of Teck’s Zinc Silver Lead smelter (Trail B.C.)). Based on the British Columbia MINFILE mineral database, sixty eight (68) of the one hundred and seventy three (173) past producing Zinc Silver Lead mines in the Slocan Mining Camp are located in the Klondike Silver land package. Klondike Silver has created the first real opportunity to invest in and properly explore a sizeable portion of one of the most historic mining camps in British Columbia. Klondike likes to think of the Slocan as the last best under explored Zinc Silver Lead camp in Canada.

On Behalf of the Board of Directors Klondike Silver Corp. “Thomas Kennedy” Thomas Kennedy, B.Comm., J.D.CEO, Director

CONTACT INFORMATION Corporate Inquiries: Dale Dobson: (604) 682-2928 Email: moc.revlisekidnolk@nosbod.elad

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.