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      Drilling Commences On Highly Prospective Segment Of The 'Main
      Lode' Structure On Silver Ridge
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VANCOUVER, BC - Klondike Silver Corp. (TSX.V: KS) (the 'Company') is
pleased to announce that diamond drilling has started from their new
underground west extension of the main access '4625 Level' of the
Silvana mine.  This is the first stage of exploration on a 7,000 foot
(1.5 km) long presumed highly prospective segment of the productive and
historic 'Main Lode' structure which is the principal source of the
Slocan mining camp's silver/lead/zinc production.

The Main Lode is over 5 miles (8 km) long, extending from Silverton on
Slocan Lake in the west to Sandon in the east through the 'Silver
Ridge' of the Selkirk mountains some 30 miles (50 km) north of Nelson,
BC.

The Silvana production (see below) arose from a length of just less
than one mile (1.5 km) of the Main Lode under Silver Ridge, westerly
from the Silversmith mine, a former major producer near Sandon.  The
Company holds approximately 1.5 km of the ground to the west of this
productive zone, to within a quarter of a mile (0.5 km.) of the Mammoth
mine.  By way of drifting and current drilling the Company is testing
the first 0.2 km of the 1.5 km gap in exploration of the Main Lode at
an elevation of 4,600 to 5,000 feet (1,400 to 1,500 meters).  This
programme represents the first attempt since the early 1990's to step
out westerly towards the Mammoth and the other major Main Lode
producers towards Silverton.

Mineralized surface outcroppings discovered in the 1890's led to the
start of production from this structure in its distal segments.  The
westerly segment hosted (from W to E) the Standard mine which is the
largest producer of Ag and Pb in the camp, and the Hecla, Monarch and
Mammoth deposits, over a distance of some 2 miles (3.2 km).  The
easternmost segment of over a mile (2 km) hosted (from W to E) the
Hope, Silversmith, Slocan Star and Richmond-Eureka deposits. 

About 1.5 million tons of ore were locally processed or direct-shipped
from these operations.  Aggregate recovered production to 1964 from the
west segment was 9.5 million ounces of silver, 45,000 tons of lead and
60,000 tons of zinc.  The easterly segment yielded approximately 9
million ounces of silver, 43,000 tons of lead and 13,000 tons of zinc.
(The disparity between zinc tons recovered from east and west Main Lode
mine groups is from the earlier-developed eastern group having
recovered a much smaller percentage of zinc in processing or by
avoiding 'zincy' material when the metal was less sought after or
difficult to recover using the technology available at the time.)

Almost all of this production arose from a zone within the Main Lode
lying between roughly 4,000 feet (1,200 meters) and 5,500 feet (1,700
meters) elevation.  The central unexplored portion of this prospective
deep zone passes for 2.5 miles (4 km) beneath the 5,000 (1,500 meters)
to nearly 8,000 feet (2,400 meters) approximate elevations of
steep-sided Silver Ridge.  It received initial underground exploration
westerly from the Silversmith mine area by the Kelowna Exploration
Company in the late 1940's using a programme of lateral drift mining
and diamond-drilling.
A similar but extensive programme was started in late 1962 westwards
from the Kelowna work by the "Silmonac Syndicate".  Their persistence
was rewarded in 1967 with the discovery from underground via diamond
drilling of a Ag/Pb/Zn mineralized section of the Main Lode (not
recognized definitively as such at the time).  That section was
explored, developed and mined from by Silmonac's successors including
Kam-Kotia Mines Limited, Silvana Mines Inc., Dickenson Mines Limited
and Treminco Resources Ltd. almost continuously from 1970 to 1993, and
now by Klondike Silver.

Production to date is about 8 million ounces of Ag and over 30,000 tons
each of Pb and Zn from some 550,000 tons of mill feed, representing 30%
of the area silver and 25% of its lead production.  This makes the
Silmonac/Silvana operation easily the second largest single producer of
silver and lead in the Slocan camp after the Standard Mine.  Noteworthy
is that the silver-ounces-to-lead-percent ratio from the Silvana
production has been higher than that from the Standard mine production,
an enhancement that improves the economics of Silvana's typical mill
feed.

It is hoped that success in exploring an up-to-now unknown part of the
Main Lode will lead to the Silvana becoming the undisputed largest
silver producer in the Slocan.

For a map of the 2009 target drilling are click on the following link:

http://www.klondikesilver.com/i/pdf/2009-05-28_NRM.pdf

The technical information in this news release has been prepared in
accordance with Canadian regulatory requirements set out in National
Instrument 43-101. Mr. Edward Craft (P.Eng.) is designated as the
qualified person who reviewed and approved the contents of the press
release.

About Klondike Silver

Klondike Silver Corp. has assembled a quality portfolio of silver and
silver-rich poly-metallic 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 (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 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
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