Klondex Mines Ltd. (TSX: KDX), a Nevada gold exploration and development company, announced today that its President and CEO, Blane Wilson, will provide an overview of Klondex's Fire Creek Nevada gold project at the Merriman Capital Investor Summit 2012 in New York City. Mr. Wilson's presentation will be webcast and will review the progress of Klondex's surface and underground development programs.

When:

   Wednesday, February 1st, 10:30 a.m. to 10:55 a.m. ET
 

Where:

 InterContinental Times Square, New York, NY
 

Webcast Live/Replay:

www.klondexmines.com or

www.wsw.com/webcast/mcm14/kdx/ (for 90 days)

About Klondex Mines Ltd. (www.klondexmines.com):

Klondex Mines is focused on the exploration and development of its 100% owned Fire Creek gold deposit in North Central Nevada. Fire Creek is a compelling gold mining prospect located near power, transportation, mining infrastructure and several milling facilities. Fire Creek's mineral resource is reviewed in the table below; the most recent technical report is available here with additional disclosure available via SEDAR.

Fire Creek Project - Indicated and Inferred Mineral Resource
as of May 21, 2011
Gold Cut-off     Metric   Grade  
GPT Classification Tonnes GPT Oz. Gold
4.0 Indicated 5,176,050 9.90 1,647,052
4.0 Inferred 1,732,810 8.22 458,084
 
7.0 Indicated 2,145,283 17.62 1,215,019
7.0 Inferred 555,043 12.54 223,794

In addition to an active surface exploration program at Fire Creek, in April 2011 Klondex initiated an underground exploration and development program through an underground decline. The program is designed to enable more cost effective in-fill drilling of its existing resource from underground stations as well as to enable bulk sampling for metallurgical testing of up to 120,000 short tons of material (limited to 36,500 short tons per year).

As of December 31, 2011, Klondex had 46.4 million shares issued and outstanding and 59.1 million shares on a diluted basis.

Richard Kern (P.Geo), of Reno, Nevada, a qualified person as defined under National Instrument 43-101, has reviewed and approved the technical information contained in this press release.

This news release contains forward-looking statements, including about current expectations on the timing of project development. These forward-looking statements entail various risks and uncertainties, are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such statements. These uncertainties and risks include, but are not limited to, the strength of the global economy; the price of gold; operational, funding and liquidity risks; the degree to which mineral resource estimates are reflective of actual mineral resources; the degree to which factors which would make a mineral deposit commercially viable are present; the risks and hazards associated with underground operations. Risks and uncertainties about the Company's business are more fully discussed in the Company's disclosure materials filed with the securities regulatory authorities in Canada and available at www.sedar.com. Readers are urged to read these materials. Klondex assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements unless required by law.

On Behalf of Klondex Mines Ltd.

Blane W. Wilson
President & CEO

Investor & Media:
Jaffoni & Collins ? Investor Relations
David Collins, 212-835-8500
KDX@jcir.com