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Klondike Siliver Corp. Announces Strategic Property Acquisition

Klondike Silver Corp. (the “Company”) (TSX-V: KS) is pleased to announce, subject to regulatory acceptance, the purchase of the Bakus property (the “Property”). The property consists of seven mineral tenures located east of New Denver, BC. Two formerly producing silver mines, the Bonton Mine and the Dardanelles Mine, are located on the property. British Columbia Government files report that The Dardanelles mine produced 143,651 oz of silver with an average grade of 216 ounces per ton; and that the Bonton Mine produced 2,765 oz of silver with an average of 243 ounces per ton. The acquisition is a continuation of the company’s ongoing project to consolidate its holdings in the in the Sandon silver camp into one contiguous land package. Consideration for the property consists of $30,000, the transfer of certain staked and crown granted mineral tenures, and the issuance of 130,434 shares.

About Klondike Silver:

Klondike Silver is a Canadian silver exploration company with the ability, through its 125 tonnes per day mill in Sandon, BC, to convert mineralized material into Silver, Lead, Zinc concentrate. The company’s objective is to build its supply of feed stock, with both mineralized material from its own ground and from that of joint venture partners.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy or contents of this news release.

The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

Copyright Business Wire 2010

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