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Re:   News Releases - Friday, October 30, 2009
      Klondike Silver Corp Samples 1705 g/t Silver, 1.71 g/t Gold, and
      12.2% Lead more than 500 Meters Beyond Known High-Grade Trenches
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.. THREE NEW DISCOVERY AREAS INCLUDING GOLD SAMPLES UP TO 4.13 G/T

.. HIGH-GRADE SILVER VEINS PREPARED FOR BULK SAMPLING WITH PERMITS
ALREADY IN PLACE

.. 12 KNOWN HIGH-GRADE GOLD, SILVER AND LEAD VEINS OVER 44 SQUARE KM

VANCOUVER, BC --- Klondike Silver Corp. (TSX-V: KS) (the "Company") is
pleased to announce it has received initial results from a late summer
work program at its Connaught Project in Yukon Territory.  Excavator
trenching was conducted to enhance exposure and access to high grade
silver veins, in preparation for bulk sampling. Assay results from 36
rock samples and 116 soil samples collected in September are now being
received and data is being compiled. The program was done by an
exploration team led by Professional Geologist William Mann.

Preliminary assay results have confirmed three new areas of
mineralization discovered during the program including:

.. Sample collected 1.8km south of the No. 4 vein returned 4.13 g/t Au,
406 g/t Ag and 10.4% Pb.

.. Two samples collected over 500m from the nearest trenches, northeast
of the No. 7 vein returned 3.98 g/t Au, 201 g/t Ag & 30% Pb, and 1.71
g/t Au, 1705 g/t Ag, &
12.2% Pb.

.. A sample collected approximately 700m south of the No. 8 vein
returned 0.874 g/t Au,
312 g/t Ag, & 7.08% Pb.
 
"These highly anomalous rock samples are significant in that they were
found well beyond the 12 know veins, in areas with very little outcrop,
and located in unglaciated terrain indicating a local source," comments
Company President, Richard Hughes.  "As the primary focus of the
program was to prepare existing veins for potential 2010 bulk sampling,
we are extremely encouraged by the added value these discoveries bring
to the project."

Soil geochemistry was conducted to build on previous surveys, and
extends well beyond the existing grid to untested southern and northern
areas of the property.  Additional soil sampling will be done to
complete survey coverage of the property.

Aside from proposed bulk sampling, the 2010 exploration program will
include trenching of these new discoveries as well as further
prospecting in the surrounding area.

The Qualified Person for the purpose of National Instrument 43-101 is
William Mann, PGeo, who has read and agreed with the technical
information in this news release.

About the Connaught Property

Previous exploration at the Connaught Property revealed silver, gold
and lead mineralization in 12 veins over an area measuring roughly 11
kilometres by 4 kilometres. Porphyry and skarn mineralization is also
present in the area. The mineralization is thought to be related to
Cretaceous intrusions, similar to many other important gold and silver
deposits which lie within the Tintina Gold Belt.

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 Fri Oct 30, 2009 at 6:24:01 AM Pacific Time
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