Klondex Mines Ltd Hits New High-Grade Intercept (41.55 gpt/1.21 oz/ton over 4.5 feet) at Nevada "Fire Creek" by 24hgold

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Re: News - Friday, October 19, 2007
Title: Klondex's Hits New High-Grade Intercept (41.55 gpt/1.21 oz/ton over 4.5 feet) at Nevada "Fire Creek" Deposit

- Findings Extend Main Zone to the South --

Vancouver, British Columbia: October 19, 2007 - Klondex Mines Ltd. (TSX: KDX) announced additional high-grade intercepts from recent core drilling under its Phase 6 drilling program at its 100%-owned Fire Creek property in the Battle Mountain-Eureka Trend in Northern Nevada.

High-grade gold intercepts were reported in holes FC0741 and FC0742, the southernmost holes that have been drilled to date at Fire Creek. Hole FC0742 returned 15.39 grams per tonne (gpt)/0.45 ounces per ton (opt) gold over 18 feet (5.5 meters), including 41.55 gpt/1.21 opt gold over 4.5 feet (1.37 meters). FC0742 has an additional over-run (>10 gpt/+0.29 opt) that has not yet been check assayed to determine the final gold value.

FC0741 reported a mineralized zone of 115 feet (35.1m) grading 2.0 gpt/0.06 opt including 3.8 gpt/0.11 opt over 30 feet (9.14 m) including 11.0 gpt/0.32 opt over 5 feet (1.52m). FC0741 has a 195-foot interval on which assays are pending.

A plan map showing drill hole locations is available on the Company's website at http://www.klondexmines.com/i/pdf/FC_DH_Phase_6_Plan_Progress.pdf

FC0741 and FC0742 are returning higher grades than those identified by previous southern discovery holes (FC0701, FC0734, FC0735) drilled on line 100m South on the Main Zone and seem to identify an additional vein. The mineralized zone appears open to the south, and Klondex plans to drill the extension as soon as all assay results are received and reviewed. Silver values are pending for both holes.

FC0741 & FC0742 were drilled on line 200m South at an azimuth of 255 degrees. The dip of FC0741 was -45 degrees and FC0742 was --55 degrees. The holes were core drilled from the surface with little change in dip of the holes. True width of intercepts in FC0742 is estimated at 57% of drilled thickness and true width in FC0741 is estimated at 71% of drilled thickness.

		Significant Intervals Phase 6 Drilling at Fire Creek
Hole #	Section	Az	Dip	TD	From	To	Interval	Au	Au
				Feet	Feet	Feet	Feet	gpt	oz/ton
FC07-41	200S	255	-45	815	595	710	115	2.00	0.058
				including	675	705	30	3.80	0.111
				including	690	695	5	11.00	0.321
				Assays pending from 350-545 feet
FC07-42	200S	255	55	900	665	670	5	>10	>0.292
					720	790	70	5.00	0.146
				including	757	775	18	15.40	0.450
				including	757	761.5	4.5	41.55	1.213

As of September 30, 2007, Klondex had 22,857,173 shares issued and cash of approximately $6.2 million CDN invested in Canadian treasury bills and in guaranteed bank accounts. The recent appreciation of the Canadian dollar versus the US dollar has increased Klondex's purchasing power for its US dollar-denominated drilling program. The Company has no exposure to any derivatives, futures, hedges or related risk.

Richard Kern (P.Geo) of Reno, Nevada, is the Company's qualified person on the project as required under NI 43-101and has reviewed the technical information contained in this press release.

Klondex has in place a rigorous QA/QC program consistent with National Instrument 43-101 and using best industry practice. ALS Chemex Labs of Reno, Nevada and SGS Minerals services, Toronto responsible for all the Klondex Mine's assaying.

About Klondex Mines Ltd.:
Klondex Mines (TSX: KDX) is a gold exploration company focused on the development and expansion of its high-grade Fire Creek deposit in Nevada. At Fire Creek, Klondex has defined an Indicated Mineral Resource estimated at 1,636,555 tonnes grading 19.88 gpt (0.576 opt) containing 1,045,738 oz of gold in two separate mineral zones. The Company has filed for permits to begin bulk sampling for metallurgical testing of up to 120,000 tons of ore.

Fire Creek is located in the Battle Mountain-Eureka Trend in the Northern Nevada Rift, in North Central Nevada, an area of prolific gold production. Klondex currently has two drill rigs working to expand its resource at Fire Creek. The Company was founded over 30 years ago, and its property portfolio contains four other gold exploration projects, all in Nevada. For more information, please visit www.klondexmines.com.

ON BEHALF OF KLONDEX MINES LTD.
"William J. Solloway"
President

"Robert Sibthorpe"
Technical Director

Investor Contact:
David Collins, Steven Hecht
Jaffoni & Collins Incorporated
KDX@jcir.com
(212) 835-8500

Copyright © 2007 KLONDEX MINES LIMITED (KDX) All rights reserved. For more information visit our website at http://www.klondexmines.com/ or send email to info@klondexmines.com ..
Message sent on Fri Oct 19, 2007 at 3:19:36 PM Pacific Time

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