Mr. Paul Huet reports

KLONDEX MINES RECEIVES $10.3 MILLION FROM THE EXERCISE OF WARRANTS

In October and November, 2014, an aggregate of 5,859,177 common share purchase warrants of Klondex Mines Ltd. was exercised at a price of $1.75 per common share for aggregate proceeds of $10.3-million. A total of 8,492,023 warrants (not inclusive of broker warrants) were issued on Nov. 20, 2012, in connection with an equity financing completed by Klondex which expired on Nov. 20, 2014. In aggregate, of 7,525,560 common shares were issued in connection with the exercise of the warrants for total proceeds of $13.2-million, inclusive of the $10.3-million noted above.

"We'd like to thank our shareholders their continued support in Klondex," commented Paul Andre Huet, president and chief executive officer of Klondex.

We seek Safe Harbor.