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Re:   News Releases - Tuesday, December 23, 2008
      Klondike Silver Acquires Clagor Property
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Klondike Silver Corp. (TSX-V: KS) is pleased to report, subject to
regulatory approval, the acquisition of a 100% interest in the Clagor
property, located in the Timmins mining camp, 40 km south of Timmins,
Ontario in English Township.  Access is via an all-weather road from
Timmins, which passes just east of the property, with secondary logging
roads accessing the east side and coming within 1 km of the west side
of the property.  The property consists of two claims (28 units),
covering a total of 448 hectares (1,107 acres) of crown land.

Consideration for the property consists of $20,000 and 80,000 shares,
payable over 12 months.  There is a 2% net smelter return payable on
the unpatented claims, of which half (1%) may be purchased for
$1,000,000.

The property is underlain by north-northeast striking Archean mafic to
intermediate and felsic metavolcanics flows tuffs, and mafic intrusive
rocks.  The government airborne geophysical MEGATEM survey has
identified a number of electromagnetic anomalies proximal to the
junction of three regional linear magnetic anomalies on the property.

Klondike Silver plans to carry out ground geophysical and prospecting
surveys to assess the potential for silver mineralization that may be
associated with the geophysical anomalies.

About Klondike Silver

Klondike Silver Corp. has assembled a quality portfolio of silver and
silver-rich poly-metallic properties in historic mineral districts in
North America, and is applying advanced exploration technologies to add
value to these core assets.  Klondike Silver is reviving the Gowganda
and Elk Lake silver camps in Ontario, and the world-famous Klondike
district of Yukon Territory. The Company owns a 100 TPD fully
operational flotation mill in Sandon, BC, which is currently processing
material from one of its Yukon properties and a number of local mines
in the historic Slocan Silver Camp.

CONTACT INFORMATION

Corporate Inquiries: Kevin Hull or Alan Campbell, (604)-685-2222
Email: info@klondikesilver.com

Or visit Klondike Silver's web-site: www.klondikesilver.com to see
Smartstox interviews with Company President, Richard Hughes.

AGORACOM Investor Relations
Email: KS@agoracom.com;    Website:
http://www.agoracom.com/ir/KlondikeSilver


The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.

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Copyright (c) 2008 KLONDIKE SILVER CORP. (KS)  All rights reserved.
For more information visit our website at
http://www.klondikesilver.com/ or send mailto:info@klondikesilver.com
Message sent on Tue Dec 23, 2008 at 9:24:40 AM Pacific Time
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