June 26, 2013
Klondike Silver Corp. Completes Mutually Beneficial Land Consolidation Arrangement

June 26th 2013: Klondike Silver Corp. (TSX-v symbol: KS) (Klondike) is pleased to announce that it has completed a mutually beneficial land consolidation arrangement with a local vendor. The purpose of this arrangement was for Klondike to increase the contiguousness of its property and to over stake Legacy claims which are currently optioned to Klondike near the Carnation area of the Silvana Mine. In the exchange Klondike gave up 4179.44ha of property to gain 768.65ha of property which holds more significance to Klondike given the current explorations plans.

Within the newly acquired ground there are 6 occurrences of significance which are the Idaho, the Alamo, Silver Bell, Conductor, Sunshine, and the Cornith. As indicated below, there were various levels of exploration and mining on the 6 occurrences with Silver, Lead, Zinc and to a lesser extent Gold as the metals of value.

Production Records as reported by BC Minfile
  • Production records for the Idaho occurrence show 26,866 tonnes of ore was mined intermittently between 1893 and 1984 (BC Minfile No 082FNW007).
  • Production records for the Alamo occurrence show 538 tonnes of ore was mined intermittently between 1920 and 1969 (BC Minfile No 082FNW008).
  • Production records for the Silver Bell occurrence show 303 tonnes of ore was mined. The earliest work was reported between 1901-1906 and was intermittently worked until 1971(BC Minfile No 082FNW006).
  • There is no record of production for the Conductor occurrence; however the claim was worked from 1898 until 1903 with the discovery of a vein believed to be an extension of the Alamo-Idaho vein system (BC Minfile No 082FNW009).
  • Production records for the Sunshine occurrence show 105 tonnes of ore was mined intermittently between 1895 and 1928 (BC Minfile No 082FNW046).
  • Production records for the Cornith occurrence show 154 tonnes of ore was mined intermittently between 1900 and 1978 (BC Minfile No 082FNW045).
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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