KS Klondike Silver Corp

Klondike Silver Corp. (the "Company") (TSX VENTURE:KS) is pleased to report that
it has acquired additional mineral properties in and around the Sandon Silver
Camp of south-central British Columbia, including several past-producing mines.


Klondike Silver is the dominant landholder in the Slocan Camp, which has
produced more than 70 million ounces of silver plus by-product base metals since
the late 1800s. The Company's holdings now encompass 29 former producers,
extensive exploration lands and a fully permitted 100-tonne-per-day flotation
mill.


The Company acquired the following properties and historic mines from Locke
Goldsmith, an internationally experienced mine and mineral exploration geologist
credited with several mineral discoveries in the Slocan Mining Camp. Soil
geochemistry is now underway or completed on the majority of these properties
and results are forthcoming.


- HALLMAC: This former producer (1980-1984) has rail in place and natural
ventilation and strong air flow from the adit. Proposed work, including
drill-testing, would focus on the projected position of the lode on the 1690
Level.


- VULTURE: Historical mapping and soil sampling suggest that an offset portion
of the previously mined lode at this former producer (pre-1900 and 1952) may be
present upslope and east of the drift. A second mineralized lode is exposed on
an adjacent claim. The lower Vulture adit has not yet been located. A soil
sampling program has recently begun and proposed work includes hand-trenching
and underground mapping.


- ENTERPRISE: This former producer was worked by various parties to 1972, with
production from a "dry" ore silica vein with high silver and low base metals.
Sampling in 1980 returned positive results at the face of the 8 Level (lowest
adit). Large dumps at several portals were selectively sampled, with results
suggesting some fractions contain appreciable mineralization. Further sampling
is proposed, along with site work (road clearing, etc.).


- CHAMBERS: One adit and several stopes to surface have been located at this
past-producing mine, which operated intermittently to 1984. Proposed work will
focus on higher grade, silver-rich areas if the adit portal is open.


- ADAMS LODE: Several adits were developed to explore lodes on the Chicago and
Cristein claims. The Adams Lode has been projected by soil geochemistry to
continue from Sandon Creek through these claims. A sample of the lode assayed
28.36 oz silver per ton, 52.42% lead and 1.40% zinc. Hand-trenching along the
trend of the geochemical anomalies is proposed.


- CONDUCTOR: The Conductor Lode may be a northeastern extension of the formerly
productive Alamo Lode. Soil geochemistry and geological mapping have identified
three or more lodes and two mineralized breccia zones. Samples from an exposed
lode and nearby dumps have returned positive results. More work is planned,
including sampling, mapping, hand-trenching, and drilling of the Conductor Lode
and possibly other lodes.


- TUFA: This former crown grant has no recorded history, although adits and
trenches exist on the property. Results are awaited from recent soil sampling
and may be followed by an underground sampling program using existing adits.


- VERNON: This area has no published history, but covers a weak geochemical
anomaly that may be tested with further soil sampling.


Klondike Silver's exploration efforts in and around the Sandon Silver Camp are
focused on reviving the most promising historic mines near the existing mill and
exploring historic and more recently discovered lodes with production potential.


The Company is also pleased to announce that it has completed a private
placement announced on June 17, 2009. This private placement consisted of
9,500,000 flow through units at a price of $0.06 per unit. Each unit consisted
of one flow-through common share and one common share purchase warrant. Each
common share purchase warrant will entitle the holder to purchase one common
share until July 13, 2011 at $0.10 per share. Any shares issued will be subject
to a hold period expiring on November 15, 2009. Barrington Capital Corp. was
paid a cash commission totaling $45,600.


The Company also announces an amendment and the closing of a private placement
previously announced June 25, 2009. The total number of units is increased from
10,000,000 units to 10,610,000 units. The private placement consisted of
2,310,000 flow through units and 8,300,000 non flow-through units, totaling
10,610,000 units at a price of $0.06 per unit. Each unit consisted of one
flow-through common share or non flow-through share and one common share
purchase warrant. Each common share purchase warrant will entitle the holder to
purchase one common share until July 12, 2011 at $0.10 per share. Any shares
issued will be subject to a hold period expiring on November 14, 2009. Union
Securities Ltd. and Wolverton Securities Ltd. were paid a cash commission
totaling $5,520.


Proceeds of the private placements will primarily be used for exploration
programs, property option payments and general working capital.


The Qualified Person for the purpose of National Instrument 43-101 is Trygve
Hoy, PEng, PhD who has read and agreed with the technical information in this
news release.


About Klondike Silver:

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 one of its Yukon properties and local mines in the historic Slocan Silver
Camp.


Klondike Silver is a member of the Hughes Exploration Group of Companies and is
led by a team with a stellar track record of discovery and development in
Canada.


Visit Klondike Silver's web-site: www.klondikesilver.com to see Smartstox
interviews with Company President, Richard Hughes.


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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