KLONDIKE
SILVER CORP.
FOR IMMEDIATE RELEASE
TSXV: KS
www.klondikesilver.com
September 13,
2007
SOUTH BAY PROPERTY ACQUIRED
Klondike
Silver Corp. (TSXV: KS) is pleased to announce, subject to
regulatory approval, the acquisition of a 100% interest in the South Bay
Property, located in Milner Township,
Larder Lake Mining Division, Ontario
approximately 6 kilometres southwest of Gowganda, Ontario. Consideration
for the Property consists of $85,000 and 100,000 shares, issued over a period
of 24 months. There is also a 2% net smelter return payable, half of
which may be purchased for $1,000,000.
The
South Bay Property consists of four
claims totaling eleven units and is
accessed by road. Numerous
shafts were sunk on the property from the 1920’s to the
1960’s. Little work has been done since the 1960’s to explore
multiple silver bearing veins.
Klondike
Silver has contracted Geotech to fly the state-of-the-art VTEM B-Field airborne
system to help identify the strike and depth extent of silver mineralized
structures on the property and on adjacent properties owned by the Company in Milner Township.
Survey results will be used in conjunction with surficial mapping, geochem and
trenching to identify targets for drilling on all the Milner properties.
On behalf of the Board of
Directors
KLONDIKE SILVER CORP.
“Richard W. Hughes”
(signed)
President
For Further
Information Contact: The Hughes Exploration Group at (604)
685-2222
Or
visit the Company’s website: www.klondikesilver.com to see
the Smartstox Report in which Stanlie Hunt interviews Klondike Silver Corp.
President Richard Hughes.
This document
contains certain forward looking statements which involve known and unknown
risks, delays and uncertainties not under the corporation’s control which
may cause actual results, performance or achievements of the corporation to be
materially different from the results, performance or expectation implied by
these forward looking statements.
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of this news release