KS Klondike Silver Corp

Klondike Silver Corp. (the "Company") (TSX VENTURE:KS) is pleased to announce,
subject to regulatory approval, the option to acquire a 100% interest in the
Cleaver Central property, located 30 km south of Timmins, Ontario in Cleaver
Township. The property consists of four claims (46 units) and access is via an
all-weather road from Timmins.


To view a map of Klondike Silver's newly acquired Cleaver Central property,
please click on the following link or cut and paste the link into your web
browser:


http://media3.marketwire.com/docs/tw_map_1215.pdf

"Historic high-grade lead-zinc-silver veins in conjunction with never before
tested VTEM anomalies make the Cleaver Central property a top priority in
Klondike Silver's Ontario exploration plans," comments Company President,
Richard Hughes. "It is not yet known whether a relationship exists between these
historic veins and the VTEM anomalies, but given their proximity to one another,
immediate exploration is warranted. This is an exciting acquisition for the
Company as it continues to diversify its portfolio in order to gain maximum
exposure to both precious and base metal markets. Drilling has now commenced on
our joint-ventured Espiritu property in Mexico and we will soon be providing an
update on our Sandon operations, where recent underground drilling has located
what is believed to be an extension of the camp's 'Main Lode' structure. We look
forward to advancing these properties as well as the Cleaver Central property
into 2010 and beyond."


Consideration for the property consists of $105,000 and 400,000 shares, payable
over 36 months. There is a 3% net smelter return payable, of which one-third
(1%) may be purchased for $1,000,000. A further 100,000 common shares are
issuable upon completion of a positive feasibility study.


Klondike Silver plans to carry out ground geophysical and prospecting surveys to
assess potential relationships between the mineralization found in historic
veins and the VTEM geophysical anomalies.


About Klondike Silver:

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.


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 local mines in the historic Slocan Silver Camp. As well, Klondike Silver
entered into a joint venture with Kootenay Gold Inc. to explore a
copper-porphyry property in the state of Sonoro in northern Mexico. 


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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