December 12, 2018 – Vancouver, Canada – Klondike Silver Corp. (the “Company”) (TSX.V:KS) is pleased to announce the closing of the private placement first announced August 21. Total gross proceeds are $1,051,750. Tranche one closed September 7 for gross proceeds of $840,000 and tranche two closed December 10 for gross proceeds for $211,750. The net proceeds will be used for advancing properties and for general working capital. Cash compensation totaled $78,500. All Units are subject to a four-month hold period from the date of issuance. Completion of the Private Placement is subject to the approval of the TSX Venture Exchange.
Klondike Silver also announces the first phase of drifting will be finished shortly. The next step is the creation of a drill station. Exploration drilling will commence in January 2019.
About Klondike Silver
Klondike Silver’s Royalty Free ZINC SILVER LEAD land package (100 km2) is located in the SLOCAN MINING CAMP (Southeast British Columbia – 138 km North of Teck’s Zinc Silver Lead smelter (Trail B.C.)). Based on the British Columbia MINFILE mineral database, sixty eight (68) of the one hundred and seventy three (173) past producing Zinc Silver Lead mines in the Slocan Mining Camp are located in the Klondike Silver land package. Klondike Silver has created the first real opportunity to invest in and properly explore a sizeable portion of one of the most historic mining camps in British Columbia. Klondike likes to think of the Slocan as the last best under explored Zinc Silver Lead camp in Canada. For additional information please visit the company website www.klondikesilver.com.
The scientific and technical disclosure in this news release has been reviewed and approved by David Makepeace, P.Eng., Senior Geologist – Environmental Engineer for Micon International Limited, who is an independent consultant to the Company and Qualified Person as defined in NI 43-101.
Dale Dobson: (604) 682-2928
On Behalf of the Board of Directors
Klondike Silver Corp.
CEO, President and Director
This news release contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the control of Klondike Silver Corp. which may cause actual results, performance or achievements of Klondike Silver Corp. to be materially different from the results, performance or expectation implied by these forward looking statements. By their nature, forward looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.