KS Klondike Silver Corp

Klondike Silver Corp. (TSX VENTURE:KS) (the "Company") is pleased to announce
that it has contracted Black Hawk Drilling of Smithers, British Columbia, to
drill test two IP anomalies on the Hewitt property located in the southern part
of the Slocan Silver Camp near Silverton, BC. Both anomalies are being tested by
shallow drill holes, for a total of 500 meters. Drilling will be testing
anomalies in area that is covered by heavy overburden on strike with historical
discoveries made only by way of prospecting outcrops.


Exploration by Klondike Silver Corp on the Hewitt property has included
geological mapping, an airborne geophysical survey, soil surveys, and limited
trenching and drilling. A recent IP survey recognized two prominent anomalies in
the western part of the property. The more northern is in an area of heavy
overburden an on strike with the inferred western continuation of the main
Hewitt lode. The more southern, also overlain by heavy overburden, is on strike
with a recently discovered boulder that contained high silver, lead and zinc
content.


The Hewitt and Van Roi have two past producing mines on the property. The Van
Roi mined 284,706 tonnes until its closure in 1957, with an average grade of 305
g/tonne silver, 2.6% zinc and 2.8% lead. The Hewitt produced 112,573 tonnes of
ore with an average grade of 529 g/tonne silver, 2.4% zinc and 1.5% lead.


Klondike Silver Corp. entered into an option agreement with Gold Jubilee Capital
Corp. in which Gold Jubilee Capital Corp. can acquire a 51% right, title and
interest in the Hewitt-Van Roi property on payment of $320,000 to Klondike
Silver Corp. (optioner), issuing 300,000 common shares to the optioner, and
incurring at least $1,500,000 in exploration expenses. Klondike Silver Corp.,
remains the operator of the property.


The Qualified Person for the purpose of National Instrument 43-101 is Dr. Trygve
Hoy, P.Geo., 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 processes material from local
mines in the historic Slocan Silver Camp. 


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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