KS Klondike Silver Corp

Klondike Silver Corp. (TSX VENTURE:KS) (Klondike) is pleased to announce that it
has increased its underground mining operations at the Silvana Mine located in
the Silver Slocan Mining Camp. Klondike is now producing at a rate of 40 tons
per day through its 100% owned mill, the "Sandon Mining Complex", the only fully
permitted mill in Sandon which has the capacity to process up to 100 tons per
day. The milling process produces a Silver/Lead and a Silver/Zinc concentrate
which are then transported to Smelting Plant located in Trail, British Columbia.
The Silver/Lead concentrate holds approximately 100-125 ounces of Silver per dry
metric ton and the Silver/Zinc concentrate holds approximately 50-60 ounces of
Silver per dry metric ton.


Klondike currently holds three mining permits within its Silver Slocan Mining
Camp which are the Silvana, Hinkley, and the Wonderful. Current production is
primarily coming from the Silvana mine which is nearest to the Mill in Sandon,
producing approximately 40 tons per day from the 4755' adit level. 


Klondike Silver has generated revenues of approximately $2.45 million dollars
from selling its concentrates in 2012. Approximately 53,620 ounces of Silver,
136 metric tons of Lead, and 253 metric tons of Zinc have been sold.


Klondike may elect to increase the mill capacity to 250 tons per day with the
addition of a larger ball mill and other upgrades. It is the company's intention
to develop many of the old silver mines within the Camp by way of cash flow
generated through production and new partnerships.


It is the vision of management to revive the historic "Silvery Slocan" Mining
Camp into the major mining camp that it was intended to be all those years ago.
Through using modern geochemical and geophysical techniques, coupled with the
economic potential for the price of Silver to increase, the capacity exists to
enlarge the "Silvery Slocan" into a major silver mining camp for Canada.


About Klondike Silver Corp. 

Klondike Silver Corp. has assembled a quality portfolio of silver properties
throughout Canada, most notably, in the historic Slocan Mining District
southeastern British Columbia. This historic camp has produced more than 24
million ounces of silver since the first discoveries in the late 1800s. Klondike
Silver is the dominant land-holder controlling a majority of the historic camp
and the fully permitted, 100% owned "Sandon Mining Complex". The Company owns
the past-producing Silvana, Wonderful, and Hinckley Mines and several other
properties with significant exploration potential. 


For additional information please visit the company website www.klondikesilver.com.

On Behalf of the Board of Directors 

Klondike Silver Corp. 

Richard Hughes, President and Director 

Cautionary note: 

This report contains forward looking statements. Resource estimates, unless
specifically noted, are considered speculative. Any and all other resource or
reserve estimates are historical in nature, and should not be relied upon. The
production rate and mine-life projections have been made without support of a
feasibility study, there is no certainty the proposed operations will be
economically viable. By their nature, forward looking statements involve risk
and uncertainties because they relate to events and depend on factors that will
or may occur in the future. Actual results may vary depending upon exploration
activities, industry production, commodity demand and pricing, currency exchange
rates, and, but not limited to, general economic factors. Cautionary Note to US
investors: The U.S. Securities and Exchange Commission specifically prohibits
the use of certain terms, such as "reserves" unless such figures are based upon
actual production or formation tests and can be shown to be economically and
legally producible under existing economic and operating conditions.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Klondike Silver Corp.
Mark Luchinski
(604) 685-2222
mark.luchinski@klondikesilver.com


Klondike Silver Corp.
Alan Campbell
(604) 685-2222
acampbell@klondikesilver.com
www.klondikesilver.com

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