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Re:   News Releases - Tuesday, September 22, 2009
      Klondike Silver Corp. Samples 17.59% Pb, 1.12% Zn, 687g/tonne Ag
      and Completes 10 Trenches in Jackson Basin
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.. BOULDER FOUND IN TRENCH 3, WEST OF JACKSON MINE WORKINGS, ASSAYED
72.42% PB, 2.41%ZN, 2895G/TONNE SILVER
.. MINERALIZED QUARTZ VEINS DISCOVERED IN FIVE TRENCHES

VANCOUVER, BC --- Klondike Silver Corp. (TSX-V: KS) (the "Company") is
pleased to report that it has received assays for a number of samples
taken from a number of recently completed trenches in the Jackson
Basin.  The Jackson Basin Area, which includes the historic Jackson
Mine, was discovered in 1892. Mining continued until 1955, followed by
intermittent operations until 1975. 

"We are encouraged by the high assay values found in a number of
trenches, especially from trenches 8 and 10 which are believed to be
the eastern extension of the Jackson lode structure," comments Klondike
Silver President, Richard Hughes.  "Results received from this program
and other recently completed trenches will be used to guide our next
phase of exploration."

To view a map of the Klondike Silver's areas of exploration in the
Slocan Camp click on the following link:

http://www.klondikesilver.com/i/pdf/08-07-02-Slocan-3.pdf

Trenching Summary:

.. Trench 3 uncovered a 20cm diameter boulder of mainly galena which
contained 72.42% Pb, 2.41%Zn, 2895g/tonne Ag. (JB09-09). Trench 3 is
located west of the Jackson mine workings.

.. Trench 5 had a fault zone with samples assaying up to 17.59% Pb,
1.12% Zn, 687g/tonne Ag.  (JB09-T05-R03) A thin quartz vein offset by
the fault contained 8.13% Pb, 3.91% Zn, 377g/tonne Ag. (JB09-T05-R04).

.. Trench 10, 8m along strike from the mineralized zone in Trench 8,
showed variable mineralization. Samples from the zone yielded values up
to 5.01% Pb, 2.40% Zn and 124g/tonne Ag. The zone is believed to be the
eastern extension of the Jackson lode structure which mined 5847 tonnes
at average grades of 14.65%Pb, 10.92%Zn and 531g/tonne Ag.


.. Trench 8 revealed a shear zone approximately 2.6m wide with
extensional quartz veins hosting lead and zinc mineralization. Chip
samples across the zone assayed up to 6.85% Pb, 6.42% Zn and 204
g/tonne Ag (see table below):

Distance
(m) Ag
(g/tonne) Pb
(%) Zn
(%)
0-0.2 64 2.12 0.70
0.2-0.4 13 0.64 0.89
0.4-0.6 204 6.85 6.42
0.6-0.8 58 1.69 1.50
0.8-1.0 126 4.79 3.52
1.0-1.2 81 3.33 2.18
1.2-1.4 110 3.95 12.50
1.4-1.6 54 1.52 7.09
1.6-1.8 34 1.20 6.04
1.8-2.0 175 6.58 3.29
2.0-2.2 34 1.34 0.79
2.2-2.4 14 0.55 2.27
2.4-2.6 62 2.17 4.32

The Company is currently awaiting assays from several other trenching
programs completed through the summer. 

The Qualified Person for the purpose of National Instrument 43-101 is
Trygve H�y, PEng, PhD who has read and agreed with the technical
information in this news release.

About Klondike Silver:
Klondike Silver Corp. has assembled a quality portfolio of silver
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 local mines in the historic Slocan Silver Camp.

Klondike Silver is a member of the Hughes Exploration Group of
Companies and is led by a team with a stellar track record of discovery
and development in Canada.

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 or contents of this news release.

The statements made in this news release may contain forward-looking
statements that may involve a number of risks and uncertainties.
Actual events or results could differ materially from the Company's
expectations and projections

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Copyright (c) 2009 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 Sep 22, 2009 at 10:49:04 AM Pacific Time
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