KS Klondike Silver Corp

Klondike Silver Corp. (TSX VENTURE:KS) (the 'Company') is pleased to report that
its 2009 exploration programs, focusing mainly on testing targets generated last
year in the Sandon Silver Camp of south-central British Columbia, has begun.


Klondike Silver is the dominant landholder in the Slocan Camp, which has
produced more than 24 million ounces of silver plus by-product base metals since
the late 1800s. The land package includes ten historic mines and a
100-tonne-per-day mill.


The Company's 2008 exploration efforts were divided into a regional program
focused on five main project areas - Hewitt-Van Roi, Silverton Creek, Jackson
Basin, Payne and Mount Con - and surface and underground programs focused on
targets and past-producing mines in close proximity to the fully permitted
Sandon mill. The 2008 regional programs included soil geochemical surveys
covering an area of about 1,400 hectares, several ground geophysical surveys, a
contracted prospecting program, geological mapping, ground acquisition and a
limited trenching program.


Most of the Company's recent exploration has focused on the Wonderful-Sandon
Area, which includes several past-producers in the Slocan camp, notably the
Silvana, Ruth Hope and Wonderful mines. This work concentrated on the Wonderful
vein system, which was explored by geochemical and geophysical programs followed
by diamond drilling and trenching. Underground exploration, drilling and
drifting was also conducted to explore underground veins and their potential
extensions.


- In 2009, the Wonderful-Sandon Area will be further explored by surface
programs including trenching. Additional underground programs are also underway.
Systematic geological mapping of creeks and road exposures is a priority for the
2009 season as little modern geological mapping has been done in the Sandon
Area. Surface exploration in 2009 will test geochemical targets identified in
2008, notably in the area south of Carpenter Creek.


The Cody Creek Area east of the Wonderful-Sandon Area is a high priority target
as it contains several silver-rich occurrences and occurs along strike of the
larger past-producers in the Sandon Camp. Work in 2008 included a soil
geochemical program that identified silver-lead anomalies, and prospecting that
identified old workings.


- In 2009, mapping, ground geophysics and trenching of at least four newly
identified silver-lead anomalies are proposed for the Cody Creek Area.


REGIONAL EXPLORATION TARGETS

The 2009 regional exploration program will focus on the best targets identified
during the 2008 season in each of the five main discrete areas.


For a regional exploration map of the Slocan Silver Camp click on the following
link:


http://www.klondikesilver.com/i/pdf/08-07-02-Slocan-3.pdf

- Hewitt-Van Roi: This area includes the past-producing Hewitt and Van Roi
Mines, which produced about 400,000 tonnes averaging 300.5 g/t silver and 2.8%
lead (Van Roi) and 529 g/t silver and 1.5% lead (Hewitt). Soil geochemical
programs identified several coincident silver and lead anomalies that may define
an unexplored portion of the Hewitt-Van Roi vein systems. A gold anomaly and
separate zinc and lead anomalies were also discovered. In 2009, a ground
geophysical program is proposed to better define the central silver-lead anomaly
west of the Hewitt Mine. Permits to trench the separate silver, zinc and lead
anomalies have been submitted for approval.


- Silverton Creek: Past exploration of this rugged area south of the Sandon camp
focused mainly on the ridges and testing along strike of occurrences and
past-producers (Ivanhoe, Canadian, Wakefield and Adams Lode). The 2008 program
in this area was limited to the ridge and north slopes. Further mapping and
prospecting are proposed for the southern part of the area, on the southern
slopes of Selkirk Ridge, along with a soil program on the north slopes of this
ridge to test for mineralization between known vein systems.


- Jackson Basin: This area includes the past-producing Jackson Mine, the largest
producer on the property, the Stenson area and several high-grade veins located
to the west. The 2008 program successfully identified a high-grade
silver-lead-zinc vein near the main Jackson portal, several small vein
occurrences just west of the mine workings and along a prominent silver-lead
soil anomaly and a large silver anomaly 600 meters north of the Jackson Mine
workings. Further work including trenching is planned for the 2009 season.


- Payne Mountain: This area encompasses several past-producing deposits,
including Payne (110,605 tonnes averaging 1,058 g/t silver and 15.7% lead). The
2008 program generated several new prospects, including the Ridge anomaly, that
warrant further evaluation through mapping and prospecting, ground geophysical
surveys, trenching and geochemical soil surveys.


- Mount Con: Located 5 km east of Sandon, this area has few-past producing
mines. Prospecting and soil geochemistry in 2008 focused on rediscovering two
historic showings, Utica-Noonday and Silver Apex. Zinc mineralization on trend
with Utica Noonday was discovered by prospecting in 2008, along with small
exploration pits and shallow adits northeast of the discovery. Further ground
work is planned for this season, including mapping and prospecting.


The Qualified Person for the purpose of National Instrument 43-101 is Dr. Trygve
Hoy, PGeo, PhD who has read and approved the contents of this news release.


About Klondike Silver

Klondike Silver has established a regional exploration office in Roseberry to
direct the regional program. In addition to these core assets in the Slocan
Silver Camp, the Company holds projects in the historic Gowganda and Elk Lake
silver camps of Ontario, silver-rich polymetallic targets in the Klondike
district of the Yukon Territory, and has optioned or acquired concessions in
under-explored historic mineral districts of Mexico.


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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