Klondike Silver Corp. (the 'Company') (TSX.V: KS) announces that pursuant to its stock option plan, the Company has granted incentive stock options to directors and officers, to purchase a total of 2,500,000 common shares in the capital stock of the company, exercisable for a period of five years, at a price of $0.05 per share.

About Klondike Silver Corp.
Klondike Silver Corp. has assembled a portfolio of silver exploration properties throughout Canada, most notably, in the historic Slocan Mining District, southeastern British Columbia. This camp has produced silver since the first discoveries in the late 1800s. Klondike Silver is the primary land-holder controlling a majority of the camp and the permitted, 100% owned 'Sandon Milling Complex' which is ready for future production. In this land package there are approximately 150 past producing mines. Klondike views the 'Main Lode Silver Mile' at the western end of the Silvana claim property, as the primary exploration target.

For additional information please visit the company website www.klondikesilver.com.

CONTACT INFORMATION

Corporate Inquiries:
Dale Dobson: (604) 682-2928
Email: [email protected]

On Behalf of the Board of Directors
Klondike Silver Corp.
'Thomas Kennedy'
Thomas Kennedy
CEO, President and Director

'Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.'