Vancouver, Canada — Klondike Silver Corp. (the “Company”) (TSX.V: KS) On January 17, Klondike Silver announced by way of News Release a private placement of up to $1,000,000 (class A units). The Company is increasing the Private Placement to a total of $1,300,000. The terms of the additional $300,000 (class B units) are as follows: 6,000,000 units at a price of $0.05 per unit. A portion of the class B units will be flow-through. All class B units (flow-through or non flow-through) will consist of one common share and one non flow-through, non-transferable share purchase warrant, with each warrant exercisable for a period of five years from the closing at a price of $0.055 per share. All units are subject to a four-month hold period from the date of issuance. Commissions may be paid on a portion of the funds raised.
Completion of the Private Placement is subject to the approval of the TSX Venture Exchange.
The net proceeds will be used for advancing the Sandon B.C. project, located 80 KM north of the Trail B.C. smelter, exploration and for general working capital.
For additional information please visit the company website www.klondikesilver.com
Dale Dobson: (604) 682.2928
On Behalf of the Board of Directors
Klondike Silver Corp.
“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.”