Klondike Silver Corp.
Klondike Silver Corp.
Klondike Silver Corp.Klondike Silver Corp.Klondike Silver Corp.
News Releases News
 July 30, 2010
Klondike Silver Corp: Corporate Update

 KLONDIKE SILVER CORP. (TSX-V: KS) - After reviewing results from its Walsh Silver and Nickel South properties, the Board of Directors has determined not to continue with its options on these properties.

The Company also announces that Joseph Montgomery and John de Jong have resigned as Directors of the Company.

The Board of Directors expresses their thanks and appreciation to both Mr. Montgomery and Mr. de Jong for their invaluable contribution and service to the Company.

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.

You can view the Next News Releases item: Mon Sep 13, 2010, Klondike Silver Corp. Discovers Multiple Gold Zones on ATAC Resources Joint Venture

You can view the Previous News Releases item: Tue Jun 22, 2010, Klondike Silver Corp. Completes First Phase of Gold and Silver Exploration Program at Connaught JV Project

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Klondike Silver Corp.
Klondike Silver Corp.