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Re:   News Release - Tuesday, June 22, 2010
      Klondike Silver Corp. Completes First Phase of Gold and Silver
      Exploration Program at Connaught JV Project
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..  96 NEW CLAIMS STAKED TO COVER FAVOURABLE GEOLOGY ON SOUTHERN BORDER

..  FIRST PHASE OF 2010 EXPLORATION PROGRAM COMPLETED - AWAITING ASSAYS

..  FAVOURABLE INTRUSIVE ROCKS MUCH MORE EXTENSIVE THAN PREVIOUSLY
   MAPPED

..  SOIL GEOCHEMICAL SURVEY COMPLETED OVER BROAD AREA SOUTH OF PREVIOUS
   SURVEYS

VANCOUVER, BC - Klondike Silver Corp. (TSX-V: KS) (the "Company") is
pleased to announce that the first phase of a significant exploration
program has been completed at its Connaught Project (50-50 Joint
Venture with ATAC Resources Ltd.). The program expanded on the soil
geochemical programs of the past three years, and followed up with
mapping and prospecting in areas of multi-element anomalies. A program
of claim staking was completed to cover several areas of favourable
intrusive and skarn geology, and geochemical and geophysical anomalies.
A second phase of exploration will be conducted in August, once
analytical results are received. 

"We are encouraged with the progress made on the Connaught Project made
thus far and look forward to moving ahead with a second phase of
exploration in August.  We are optimistic in this property's potential
for both gold and silver," commented Company President, Richard Hughes.
 "Ongoing exploration will continue to emphasize gold targets in
addition to known high grade silver zones from which an historic
shipment reportedly averaged 2228.5 g/t (65 opt) silver, 60% lead and 1
g/t gold."

The Connaught property lies in the headwaters of the 60 Mile placer
gold district, within the Tintina Gold Belt, and at the northwestern
end of the White Gold District. The Yukon has seen increasing interest
as a gold exploration target in the past few years. Great success has
been achieved by Underworld Resources at their White Gold project, and
by ATAC Resources at their RAU gold project, along with many other high
potential gold properties in the region.

Mineralization at Connaught is intrusion related, with 14 narrow
polymetallic veins discovered to date over an area of 11km by 4km. Late
Cretaceous age granitic intrusions are present on the property, with
metamorphic country rocks of the Yukon Tanana terrane. Hornfels and
skarn zones present on the property may hold potential for bulk tonnage
gold deposits. A thrust fault mapped on the property will also be
investigated for enhanced gold values in a geological setting similar
to the "White Gold" property, now owned by Kinross Gold.

Geological mapping in 2010 has revealed that intrusive lithologies are
much more extensive than previously known. A pluton previously mapped
as less than one kilometer in diameter has now been extended to roughly
6 km by 0.5 to 1.5 km. The granitic body is dominantly quartz monzonite
which is recessive weathering, with lesser granodiorite that is
resistant to weathering. Several bodies of highly felsic granite,
including rare graphic granite pegmatite have also been mapped. The
felsic intrusive lithologies were not previously documented on the
property.  Bands of marble and skarn have also been shown to extend
from previously known outcrops on the property. The pyroxene-garnet
skarn is enriched in copper and zinc, and has been sampled to evaluate
gold content which was not previously examined.

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

The Board of Directors is also pleased to announce the appointment of
Diana Mark as Corporate Secretary and Kathi Bartels as Assistant
Corporate Secretary.

About the Connaught Property:

Previous exploration at the Connaught Property revealed silver, gold
and lead mineralization in 14 veins over an area measuring roughly 11
kilometres by 4 kilometres. Porphyry and skarn mineralization is also
present in the area.

About Klondike Silver:

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

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 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.

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) 2010 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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