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Re:   News Releases - Thursday, November 05, 2009
      Klondike Silver Corp Plans Follow-up Program on Drill
      Intersection of  2393 g/t Silver over 0.41 Meters in Gowganda,
      Ontario
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.. PREVIOUS KLONDIKE SILVER DRILL HOLE HCL-0701 INTERSECTED 2,393 G/T
AG, 0.31% CO, 0.46% CU AND 0.17% NI OVER 0.41 METERS FROM 99.97 TO
100.38 METERS 

.. DRILL TARGETS DEFINED FROM USING AIRBORNE VTEM SURVEY, FOLLOW UP
DRILLING CURRENTLY BEING PLANNED

.. DRILL INTERSECTION  REPRESENTS  A SIGNIFICANT DISCOVERY IN THE
GOWGANDA ELK LAKE SILVER CAMP

.. RECENT ASSESSMENT WORK HIGHLIGHTS HIGH-GRADE POTENTIAL

VANCOUVER, BC --- Klondike Silver Corp. (TSX-V: KS) (the "Company") is
pleased to announce
results from an earlier drill program and reevaluation of the
Corkill-Lawson silver project.  The property is located approximately
15 kilometers southeast of the town of Gowganda, Ontario. Drill hole
HCL0701, which intersected 2,393 g/t Ag, 0.31% Co, 0.46% Cu and 0.17%
Ni over 0.41 meters from 99.97 to 100.38 meters, will be the primary
focus of the upcoming program.  The Gowganda area was the second
largest silver producer in Ontario after the Cobalt area, having
produced 60,186,782 oz Ag up until 1969.

"We are pleased to announce the Company is moving forward with the
Corkill-Lawson silver project.  Recent assessment work completed on the
property clearly highlights its potential," comments Company President,
Richard Hughes.  "A review of previous drill data, including the high
grade intercept mentioned, has been completed andwill guide future
exploration efforts"..

Original exploration by the Company was conducted to identify
silver-cobalt-nickel veins hosted in and proximal to a Nipissing
diabase dike that strikes north-south through the Corkill and Lawson
townships.  Drill targets were defined on the basis of VTEM airborne
geophysical anomalies in conjunction with targeting mature
differentiated diabase similar to the diabase hosted silver deposits of
the Gowganda area.

The Company would also like to announce it underground work in the
Silvana mine, in British Columbia is progressing well.  A drift is
currently being put into to what the Company believes is the western
extension of the Main Lode structure, the controlling structure
responsible for the majority of production in the Slocan silver camp.
Underground drilling is also underway at the eastern end of the Silvana
mine.

Peter Caldbick, P.Geo., is the qualified person for the purposes of
National Instrument 43-101 for the Company's Corkill-Lawson Project.
The technical contents of the press release have been reviewed and
approved by Peter Caldbick.

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 Thu Nov 5, 2009 at 7:09:39 AM Pacific Time
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