Mr. Peter Tallman reports

KLONDIKE GOLD CLOSES $1,857,508 PRIVATE PLACEMENT

Klondike Gold Corp. has closed a non-brokered private placement financing, raising $1,857,508, of which $130,008 is flow-through.

Upon closing the private placement, the company issued 1,083,400 flow-through shares at a price of 12 cents per share. Each flow-through share consists of one common share designated as a flow-through share for Canadian income tax purposes. The company further issued 17,275,000 units at a price of 10 cents per unit, with each unit composed of one common share and one common share purchase warrant.

A total of 17,275,000 share purchase warrants issued in connection with the private placement are exercisable at a price of 12 cents per share until Sept. 12, 2027.

All securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period expiring on Jan. 13, 2026, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

Three insiders of the company participated in the private placement and acquired an aggregate of 703,400 flow-through shares and one million units. The purchases by these insiders constitute related-party transactions within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The issuances are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as they are distributions of securities for cash and the fair market value of the units issued to, and the consideration paid by, the insiders did not exceed 25 per cent of the company's market capitalization. No new insiders were created, nor any change of control occurred, as a result of closing the private placement.

The company intends to use the proceeds from the financing to continue exploration and development of the company's Yukon properties, as well as for general working capital.

About Klondike Gold Corp.

Klondike Gold is a Vancouver-based gold exploration company advancing its 100-per-cent-owned Klondike district gold project located at Dawson City, Yukon, one of the top mining jurisdictions in the world. The Klondike district gold project targets gold associated with district-scale orogenic faults along the 55-kilometre length of the famous Klondike goldfield placer district. Multikilometre gold mineralization has been identified at both the Lone Star zone and the Stander zone, among other targets. The company has identified a mineral resource estimate of 469,000 indicated and 112,000 inferred gold ounces, a milestone first for the Klondike district. The company is focused on exploration and development of its 727-square-kilometre property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, Yukon, within the Tr'ondek Hwech'in First Nation traditional territory.

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