With the advantage of modern exploration techniques in this historically productive mining camp, the Company intends to discover new deposits and develop past producing mines in the Slocan Mining Camp.Option Agreement Terms: For Victory to acquire a 50% right, title and interest on the Silvana West and Cody Creek claims, as seen in the proposed Option Agreement, it must make an initial cash payment of $75,000 upon signing and then pay 2,000,000 shares to the Company and incur $3,750,000 dollars in exploration costs over a three year period broken down as follows;
|Date/Anniversary||Expenditures Incurred by Victory||Shares issued to Klondike||Cash issued to Klondike||Victory’s Total Project Interest|
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.klondikesilvercorp.com On Behalf of the Board of DirectorsKlondike 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. 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.