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      Klondike Silver To Focus On Core Assets In 2009
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VANCOUVER, BC -- Klondike Silver Corp. (TSX-V: KS) will focus its 2009
work programs on priority projects in Canada, with particular emphasis
on precious metals. In response to current markets conditions, the
Company has renegotiated five property agreements and is renegotiating
others to reduce outstanding payments. Rigorous property evaluations
are also under way and may lead to the termination of non-core
projects.

Klondike Silver controls over 75% of the Slocan Silver Camp in British
Columbia, which includes numerous past-producing mines and a permitted
100-tonne-per-day flotation mill. A drilling program is under way in
the camp, focused on the newly rehabilitated Wonderful Mine. Other
strategically selected assets include silver projects in the Yukon
Territory and Ontario's Gowganda silver camp, and in Mexico.

Klondike Silver is pleased to announce that John de Jong and Brendan
Munday have joined its Board of Directors, effective November 20, 2008.

Subject to regulatory approval, the Company plans to lower the price of
options that expire from August 2009 through January 2013 (priced at
between $0.20 and $0.53) to $0.10. And subject to TSX and
warrant-holder approvals, warrants that expire on August 9 and December
27, 2009, will be re-priced at $0.20 per warrant. The term will not
change.

Klondike Silver has also renegotiated its contract with Agoracom
Investor Relations on a one year term to effect communications with its
shareholder base, prospective investors and the investment community as
a whole.  Compensation is $2,000 per month and 150,000 options at
$0.12, vested quarterly.

Klondike Silver also announces it has granted 1,200,000 stock options
to directors and officers of the Company and 1,945,000 stock options to
employees and consultants at a price of $0.10 per share for a period of
five years.

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.

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

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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
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