Klondike Gold Corp. Announces Private Placement

Klondike Gold Corp. (the “Company”) (TSXV: KG) is pleased to announce it is arranging for a private placement of up to 10 million units, for total proceeds of up to $500,000. The financing will consist of flow through and non-flow through units priced at $0.06 and $0.05 per unit respectively. Each of the units will consist of one flow-through or non-flow-through common share and one-half of one transferable share purchase warrant. Each full warrant shall entitle the holder to purchase one common share for three years at a price of $0.12 per share. The private placement is subject to regulatory approval. Proceeds will be used for exploration expenditures on the Company’s Yukon, British Columbia, and Portugal properties and general working capital.

About Klondike Gold Corp.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver, British Columbia and Dawson City, Yukon. The Company is focused on the development of its Yukon properties. In addition, the Company holds a large portfolio of gold and base metal properties in southeastern British Columbia and in Portugal.

CONTACT INFORMATION

Inquiries: Erich Rauguth, President & CEO

Telephone: [phone]

Email: [e-mail]

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.