Klondike Silver Corp. Accesses Past Producing Hope Mine, British Columbia

Klondike Silver Corp. (TSX VENTURE:KS) (Klondike) is pleased to announce that
its underground rehabilitation efforts are advancing well in and around the
Silvana mine location. Klondike is expecting to gain access to historically
productive sites using the same historical records that have allowed the company
to produce consistently for over a year now. Klondike is using the historical
records created during the exploration and mining of the Slocan Mining Camp to
locate sources of past producing silver deposits in its underground mining
structure, there is no guarantee that the information on the availability of the
potential silver deposits is accurate.


Klondike has recently completed the bypass adit to connect the Silvana mine at
the 4625' adit level to the past producing Hope mine to the east. Test samples
have been collected and they are currently being analyzed at Klondike's
laboratory on site. The Hope location was the source of small scale mining and
drilling years ago. If the historical records continue to be accurate as they
were with the location of the Hope mine there is potential to discover a large
underground structure of adits, rail tracks, ventilation shafts and raises.
Klondike will begin the rehabilitation efforts immediately. 


In addition to this potential at Hope, the underground rehabilitation efforts
have continued successfully at the 4000' adit level within the currently
producing Silvana mine. Historical records would suggest that there is the
potential for silver deposits in this area as well.


Klondike recently announced that it has increased its underground mining
operations at the Silvana Mine located in the Silver Slocan Mining Camp.
Klondike is now producing at a rate of 40 tons per day through its 100% owned
mill, the "Sandon Mining Complex", the only fully permitted mill in Sandon which
has the capacity to process up to 100 tons per day. The milling process produces
a Silver/Lead and a Silver/Zinc concentrate which are then transported to
Smelting Plant located in Trail, British Columbia. 


It is the vision of management to revive the historic "Silvery Slocan" Mining
Camp into the successful mining camp that it was intended to be all those years
ago. 


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.

On Behalf of the Board of Directors 

Klondike Silver Corp. 

Richard Hughes, President and Director 

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Klondike Silver Corp.
Mark Luchinski
Corporate Inquiries
[phone]
[phone] (FAX)
[e-mail]
www.klondikesilver.com