KG Klondike Gold Corp

KLONDIKE GOLD CORP. (TSX VENTURE:KG) is pleased to announce additional new gold
exploration results on Lone Star property, Yukon Territory, for Nugget and Upper
Eldorado Creek sampling as well as further results strengthening the Violet to
310 vein trend.


Exploration Highlights



--  Nugget grab samples of 179 g/t Au with 78 g/t Ag (30g fire assay with
    gravimetric over limit) 
--  Upper Eldorado grab samples of up to 98.8 g/t Au with 20.7 g/t Ag (ICP
    Analysis) 
--  Violet to 310 zone (Violet ridge) trend advancement 



Site investigation by the Company's technical team has found that the trend of
the upper Nugget zone can be extended on surface. Select samples were collected
including a grab sample of 179 g/t Au with 78 g/t Ag (30 g fire assay with
Gravimetric over limit). Results support future drilling to test the Nugget zone
at depth and along strike towards the Buckland zone quartz veins. Active placer
mining in Oro Grande Gulch suggests a source for gold in the area where the
Buckland and Nugget zones are assumed to intersect, however previous operators
have allocated little work to linking the zones. Exploration for the purpose of
linking the Nugget and Buckland zones will be an endeavour of the Company in the
2013 exploration season. 


The Company views the possibility of high grade quartz veins over this 1,000
meter strike length as being very positive. Both the Nugget and Buckland zones
have significant high grade results from work performed the Company and by
previous operators, some of which are tabulated below:


Table 1: Previous Nugget Zone and Buckland Zone Results



----------------------------------------------------------------------------
Nugget Zone Bulk Sampling     Weight of Sample (kg)           Grade (g/t Au)
----------------------------------------------------------------------------
05NZ-B7-A                                      1886                     6.46
----------------------------------------------------------------------------
05NZ-B4-B                                      2769                     8.61
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Nugget Zone Drilling              Interval (meters)                         
----------------------------------------------------------------------------
06NZ02                                 28.9 to 29.9                    98.68
----------------------------------------------------------------------------
06NZ03                                 25.6 to 26.5                    30.15
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Buckland Zone Drilling            Interval (meters)                         
----------------------------------------------------------------------------
07BU03                                       6 to 8                    4.785
----------------------------------------------------------------------------
07BU03                                     19 to 21                    13.48
----------------------------------------------------------------------------
including                                  20 to 21                     22.6
----------------------------------------------------------------------------
07BU03                                     26 to 27                     4.51
----------------------------------------------------------------------------
07BU04                                     51 to 53                     8.59
----------------------------------------------------------------------------
Including                              52.0 to 52.5                     24.9
----------------------------------------------------------------------------
 An unspecified amount of wall rock was included in the bulk samples likely 
                               diluting grade                               
 Source of Results: NI 43-101 Technical Report filed with SEDAR December 16,
                                    2011                                    



Prospecting in the vicinity of Upper Eldorado Creek was conducted in early
September 2012. This area was selected for its lithological and gold chemistry
similarities to the Boulder Lode, historical anomalous results, as well as
significant unexplained placer gold with grain morphology pointing to a proximal
source. The Company was encouraged by samples of visible gold in two locations
separated by approximately 100 metres. In one specimen the visible gold hosted
in a quartz vein is filling a void and is best described as a hackly nugget
approximately 0.6 centimeter across (Figure 2). The veins can be seen in
historic trenches however trench floor sampling in the early 1990s did not
sample these veins which were in the wall of the trench. The veins visible in
the trenches were a stacked system of up to five north dipping veins over two to
three meters true width. Assays from the veins (not including the visible gold
specimens) show up to 98.8 g/t Au with 20.7 g/t Ag in ICP analysis with fire
assay results pending. Of the 28 Upper Eldorado Creek prospecting samples the
average grade was 4.22 g/t Au, with 6 samples in the set over 1 g/t Au.
Trenching and mapping of these vein systems will be a goal of the 2013
exploration season.


On Violet Ridge, Violet to 310 zone trend exploration continued into September
2012 with the addition of an infill soil line and targeted prospecting along the
trend. The results of this work in addition to further research on historical
results have better defined the Violet to 310 zone mineralisation. The
mineralisation appears to be in at least two parallel trends with both showing
sharp soil anomalies of 20 to 100 ppb Au. The four plus kilometer extent of the
Violet vein system to 310 zone with the possibility of high grades make this an
attractive target for the Company (Press Release: September 20, 2012: Klondike
Gold Samples 47.4 g/t Gold and 894 g/t Silver along the Violet Vein Trend). An
updated summary map of 2012 and compiled historic results is provided in Figure
3.


Project Geologist Katie Dodd commented, "These results illustrate the multiple
target potential of the 137.6 square kilometer Lone Star Property and the
constructive use of compiled exploration data in focussing exploration." The
Company looks forward to further systematic exploration of Lone Star Property
gold mineralisation in 2013.


T. Liverton, PhD., C. Geol, F.G.S. is the qualified person for the purposes of
this news release.


About Klondike Gold Corp.

Klondike Gold Corp. is a Canadian exploration company with offices in Vancouver,
British Columbia and Dawson City, Yukon. The Company is focused on the
development of its Yukon and British Columbia gold properties. In addition the
Company holds a large portfolio of base metal projects in southeastern British
Columbia.


Statements in this 12.0724 press release, other than purely historical
information, including statements relating to the Company's future plans and
objectives or expected results, may include forward-looking statements.
Forward-looking statements are based on numerous assumptions and are subject to
all of the risks and uncertainties inherent in resource exploration and
development. As a result, actual results may vary materially from those
described in the forward-looking statements. 12.1114


To view the figures associated with this press release, please visit the
following link: http://media3.marketwire.com/docs/121114_KG_Figures.pdf. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Klondike Gold Corp.
Erich Rauguth
President & CEO
604-685-2222
604-685-3764 (FAX)
info@klondikegoldcorp.com
www.klondikegoldcorp.com

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