Klondike Gold Corp. Closes Oversubscribed Private Placement

Klondike Gold Corp. (the "Company") (TSX VENTURE:KG) is pleased to announce it
has completed a private placement announced on December 14, 2012. This private
placement was oversubscribed and consisted of 24,545,000 shares at $0.08 per
share and 3,335,000 flow-through shares at a price of $0.10 per share. The total
proceeds from the financing amounted to $2,297,100. Any shares issued will be
subject to a hold period expiring on June 22, 2013, June 27, 2013, or July 5,
2013. Proceeds from the private placement will be used on the Company's, Lone
Star, Portuguese, and southeastern BC properties and for general working
capital. The following finder's fees were paid: Haywood Securities Inc. $10,240;
Canaccord Genuity Corp. $1,200; and Nazinin Jamshidi $24,000. 


The Company is also please to announce that a version of its 2012 Lone Star
Property Assessment Report will be made available on its web site. This Report
complements the December 2011 43-101 Technical Report and represents the most
current technical and scientific data and interpretation of the Lone Star
Property.


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.


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Klondike Gold Corp.
Erich Rauguth
President & CEO
[phone]
[phone] (FAX)
[e-mail]
www.klondikegoldcorp.com