Further to the News Releases dated Oct 12, 2016 and March 3, 2017: Klondike Silver Corp. has one of the most unique silver-lead-zinc projects in Canada. Klondike’s Slocan Mining Camp is a 100 square kilometre brownfields project located in southeastern British Columbia, a safe and stable jurisdiction. The project has an active Mine Permit, a 100 ton per day mill and a licenced tailings pond facility. The mill has power, water and an all-weather system of roads and highways as well as a large educated population nearby, to draw on. The mill is 1.5 hours from Teck Corp.’s Trail lead-zinc smelter and one hour from the main airport and rail system in the area. Once additional economic mineralization is identified, production can start almost immediately. Underground drilling necessary to identify additional economic mineralization is scheduled to commence in the fall of 2017.

David Makepeace, Technical Advisory Board Member provides 3D Model update:

The construction of the Main Lode 3D model is progressing. The model now incorporates eight past producing mines, with their respective ore bodies, some faults, topography with surface features, soil geochemical data and selective surface and underground diamond drill holes. More data is being input regularly from the volume of historical data available. Presently, the data for the model is based on the main local mine grid which is in imperial measurements. The model will be transformed into UTM (metric) coordinates once the LIDAR survey is complete the two will be meshed together.

Eagle Mapping Ltd. is currently contracted to commence the LIDAR SURVEY once the Slocan Mining Camp is snow-free.

About Klondike Silver
Klondike Silver’s Silver Lead Zinc land package is over 100 km2 – the largest land package in the Slocan Mining Camp (Southeast British Columbia — 138 km North of Teck’s Lead Zinc smelter (Trail BC)). Based on the British Columbia MINFILE mineral database, sixty eight (68) of the one hundred and seventy three (173) past producing Silver Lead Zinc mines in the Slocan Silver 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 silver camp in Canada.

For additional information please visit the company website www.klondikesilver.com.

CONTACT INFORMATION

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

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

This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Klondike Silver Corp. which may cause actual results, performance or achievements of Klondike Silver Corp. to be materially different from the results, performance or expectation implied by these forward looking statements. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors.

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.