June 17, 2013
Klondike Silver Corp. Closes the Final Tranche of the Private Placement

June 17th 2013: Klondike Silver Corp. (TSX-v symbol: KS) (Klondike) would like to announce the closing of the second and final tranche of its non-brokered private placement announced March 19th 2013 and further amended April 23rd 2013. Klondike has issued an additional 1,043,660 common shares for total proceeds of $104,366 in the second tranche. Klondike has raised a total of $555,866 in this private placement.

Klondike has issued a total of 5,498,660 non-flow-through units in this private placement (See Tranche one announcement May 10th 2013). Each unit consists of one common share and one full non-transferable share purchase warrant. One whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.15 per share for four years from the date of closing.

Klondike issued a total of 40,000 flow-through units in this private placement (As announced May 10th 2013). Each unit consists of one common share and one full non-transferable share purchase warrant. One whole warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.20 per share for four years from the date of closing.

The following insiders participated in the private placement (As announced May 10th 2013);
Richard Hughes 1.56 million NFT units; Hastings Management Corp. (Richard Hughes) 1.95 million NFT units; and Darcy Hughes 45,000 NFT units.

The units issued in second tranche are subject to a hold period of four months expiring October 14th 2013. The proceeds of the private placement will be used for exploration activities.

About Klondike Silver Corp.
Klondike Silver Corp. has assembled a quality portfolio of silver properties throughout Canada, most notably, in the historic Slocan Mining District southeastern British Columbia. This historic camp has produced more than 24 million ounces of silver since the first discoveries in the late 1800s. Klondike Silver is the dominant land-holder controlling a majority of the historic camp and the fully permitted, 100% owned "Sandon Mining Complex". The Company owns the past-producing Silvana, Wonderful, and Hinckley Mines and several other properties with significant exploration potential.

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

CONTACT INFORMATION
Corporate Inquiries:
Mark Luchinski: (604) 685-2222
Email: mark.luchinski@klondikesilver.com

On Behalf of the Board of Directors
Klondike Silver Corp.
"Richard Hughes"

Richard Hughes
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."

Cautionary note:
This report contains forward looking statements. Resource estimates, unless specifically noted, are considered speculative. Any and all other resource or reserve estimates are historical in nature, and should not be relied upon. The production rate and mine-life projections have been made without support of a feasibility study, there is no certainty the proposed operations will be economically viable. 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. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
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