Klondike Silver Corp. (TSX VENTURE:KS) (the "Company") is pleased to announce it
has received initial results from a late summer work program at its Connaught
Project in Yukon Territory. Excavator trenching was conducted to enhance
exposure and access to high grade silver veins, in preparation for bulk
sampling. Assay results from 36 rock samples and 116 soil samples collected in
September are now being received and data is being compiled. The program was
done by an exploration team led by Professional Geologist William Mann.


Preliminary assay results have confirmed three new areas of mineralization
discovered during the program including:


- Sample collected 1.8km south of the No. 4 vein returned 4.13 g/t Au, 406 g/t
Ag and 10.4% Pb.


- Two samples collected over 500m from the nearest trenches, northeast of the
No. 7 vein returned 3.98 g/t Au, 201 g/t Ag & 30% Pb, and 1.71 g/t Au, 1705 g/t
Ag, & 12.2% Pb.


- A sample collected approximately 700m south of the No. 8 vein returned 0.874
g/t Au, 312 g/t Ag, & 7.08% Pb.


"These highly anomalous rock samples are significant in that they were found
well beyond the 12 know veins, in areas with very little outcrop, and located in
unglaciated terrain indicating a local source," comments Company President,
Richard Hughes. "As the primary focus of the program was to prepare existing
veins for potential 2010 bulk sampling, we are extremely encouraged by the added
value these discoveries bring to the project."


Soil geochemistry was conducted to build on previous surveys, and extends well
beyond the existing grid to untested southern and northern areas of the
property. Additional soil sampling will be done to complete survey coverage of
the property.


Aside from proposed bulk sampling, the 2010 exploration program will include
trenching of these new discoveries as well as further prospecting in the
surrounding area.


The Qualified Person for the purpose of National Instrument 43-101 is William
Mann, PGeo, who has read and agreed with the technical information in this news
release.


About the Connaught Property

Previous exploration at the Connaught Property revealed silver, gold and lead
mineralization in 12 veins over an area measuring roughly 11 kilometres by 4
kilometres. Porphyry and skarn mineralization is also present in the area. The
mineralization is thought to be related to Cretaceous intrusions, similar to
many other important gold and silver deposits which lie within the Tintina Gold
Belt.


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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